What are the benefits of ERP system in a medical warehouse? Or is it an extra unneeded tool?

It is the perfect tool for the best inventory so it is mandatory to use for the medical warehous

 

1. Earlier identification of product manufacturing issues 2. Increased bid competitiveness through pricing accuracy 3. Lower inventory carrying costs 4. Better handling of large transaction volumes 5. More accessible data 6. Improved business decision-making 7. Ability to immediately update production schedules 8. Improved supplier selection based on data-driven performance ratings 9. Time savings in inside sales, engineering, planning, and costing . Real-time receiving and order entry updates . Improved capacity planning . Cost savings from overall equipment effectiveness improvements

 

its a best tool if you are in warehousing, you can full out reports easily, you can track every single transaction that has been stored in Oracle.

You save time and money through better inventory organization using your ERP software. ERP inventory management systems allow you to categorize your inventory in many ways and to analyze whether your inventory assumptions are true.

Indeed ERP warehouse management is an essential tool for the following;

* To keep the inventory up to date.

* To track the receiving and dispatch transactions.

* To get the reports for daily KPIs, consumption and supports Supply chain team

* To track the items as per expiry, lot etc..

* To keep the items on hold until you receive MOH approval to release the items.

...and so on.

 

 

the ERP consider is the best way to control your stock by create report to show your consumption for specific part in intervals also specific in medical warehouse some of ERPs can check the shelf life   for those items and show you if they still serviceable form your available QTY  

ERP with active accounts ,inventory,purchase,sales modules you will be able to control your resources especially inventory and identify minimum levels and ordering levels.

ERP also is very crucial for costing of products and inventory.

Hi Mr.Faris, ERP is not that mandatory if you could maintain manual excel sheets. But, if you have to manage a warehouse, you could go for a good Inventory Management System. It saves your time on analysing the stocks. For example, physical verification of any medical carton or information on expired goods etc. Based on your need, you can even expand your system. But still there are economical ones you could go for. Regards Ram

ERP is a must be needed tool in any industry.

1. It has organisation wide reach & can be used for real time information as inventory in warehouse.

2. Data can be disseminated into non-moving, obsolete etc & can be used for decision making.

3. Decision Making can be based on actual facts & very fast.

4. Impact as Monetary etc can be available at click of button.

5. Processes are streamlined & standardized.

It’s wonderful tool for warehouse, beneficial in cost reduction, capital reduction, services improvement and in provision of comprehensive spectrum of services.

It depends whether the IT Company whose ERP package is being used is customised to medical warehouse operations or not.It is beneficial in providing immediate information/ reports and triggering indents/ ensuring timely dispatches and tracks the operational costs and also aggregates reports on the expiry with pre-intimation and other stores of same corporate can also access info easily.So, it can provide a lot of useful interface services including which product should get stored in which compartment/place in warehouse..and so on.