Learn How To Use A Logistics ERP Software To Improve Your Business
What Is Logistics ERP Software
Logistics ERP software is a business management software designed to help companies manage and streamline their logistics operations. It provides a centralised platform for businesses to manage various aspects of their logistics, such as inventory management, order processing, shipping, transportation, and warehouse management.
It typically includes modules that cover a range of logistics functions, including procurement, inventory management, order management, warehouse management, transportation management, and financial management. By integrating these functions into a single platform, logistics ERP software can help businesses automate and optimise their logistics operations, increasing efficiency, cost savings, and improving customer satisfaction.
Logistics management software can be customised to fit the specific needs of a business. It can be integrated with other software systems, such as accounting and customer relationship management (CRM) software. This allows businesses to comprehensively view their operations and make more informed decisions based on real-time data.
Some Core Features Of An ERP Logistics System
Inventory Lists
The logistics ERP software allows you to display a comprehensive list of all your products, which can be sorted, classified, and organised into groups or classes. You can access inventory history, replenishment, and weighted average cost. The display panel can be customised to show data specific to your needs.
Variables And Details Pay Off
It lets you add information to each product and category, such as SKU codes, barcodes, vendor codes, size, weight, and purchase price options. You can manage and view costs through different price display panels, like wholesale, retail, and tax.
Product History
Each product has a tracker that logs its movements from receipt to shipment. This feature helps with replenishment, planning, and allocation.
Barcode Scanner
The logistics ERP software comes with a barcode scanner that allows you to search for any product with a barcode. You can enter the details of each item, set the order and purchase date, and work with all existing barcodes.
Replenishment Report
The software helps you forecast replenishments, including vendor name, number of products to replenish, variables to consider, and a link to the full report page.
Employee Management
The logistics management software simplifies the management of employees, allowing you to track hours and lunch breaks, manage employee files, follow staff on the road, manage salary increases and bonuses, manage sick leave, manage temporary or seasonal staff, and provide a complete list of staff in case of emergency.
Reducing Handling And Shipping Costs
The ERP software provides enhanced data accuracy, enabling you to identify major business expenses and make data-driven decisions to reduce them. This eliminates the need for unsolicited or unreliable advice.
How Logistics ERP Software Improves Your Business
Logistics ERP software can significantly improve your business by providing centralised management of all logistical information. Here are some ways in which logistics ERP software can benefit your business:
Better Management of Inventory: You can manage your inventory more effectively by forecasting trends, sales, and delivery times. This helps you reduce inventory, ensure accuracy, and maximise your monthly profit margin.
Real-Time Data and Alerts: Managers stay up-to-date on inventory status, order progress, and delivery failures. This helps you stay on top of logistics operations and make informed decisions quickly.
Advanced Tools: It provides advanced tools such as inventory forecasting, inventory control, and lead time calculation. These tools help you manage your inventory flow and optimise your logistical processes.
Improved Employee Management: Logistics management software can help you manage your employees more effectively by tracking their hours, managing their files, and providing a complete list of staff in an emergency. This improves productivity and ensures smooth operations.
Expense Management: It provides enhanced data accuracy, which helps you identify your major business expenses, reduce them, and make quicker and better decisions. This reduces the cost of risk for your business and increases productivity while maintaining perfect logistics.
The Advantages Of ERP Software For Managing Your Logistics
Logistics ERP software offers numerous advantages for controlling your logistics. Here is a detailed yet concise overview of its benefits:
Efficient inventory transfers between warehouses: With ERP software, you can easily create an inventory transfer document and manage, analyse, and move your inventory between each warehouse without any surprises and within the expected timeline.
Controlled inventory reception in specific warehouses: You can receive inventory in any warehouse and specify the warehouse where you want to obtain it, along with its location once the order is received.
Easy order fulfilment from a separate warehouse: You can specify where to ship your goods. Once the sales order is filled, the inventory in that specific location will automatically decrease.
Order tracking: ERP software enables you to manage the location of your orders in different warehouses and track and print order lists once the shipping process is concluded for optimal tracking and management.
Efficient management of new warehouses: Set up a new warehouse, transfer inventory, and deliver or ship sales orders from this new location.
Remote warehouse management by location: Manage your warehouses remotely by selecting a location and checking inventory, orders, the last purchased inventory item, replenishment rate, profit amount, and profit margins.
Using ERP software for logistics management can save you significant money. Research shows that operational and administrative costs can be reduced by 23% and 22%, respectively. Companies requiring a tailor-made ERP system can customise the software to fit their needs perfectly. Another research study has confirmed that 93% of users customise their ERP system according to their needs.
Conclusion
Logistics management software is a comprehensive and integrated system that manages the core business processes of an organisation, including logistics. Logistics ERP software helps organisations streamline their logistics operations by optimising inventory management, reducing handling and shipping costs, and improving employee productivity.
One of the core features of logistics ERP software is inventory management. This includes maintaining a comprehensive inventory list of all products and their costs, weighted average cost, replenishment rate, and inventory history. With this information, logistics managers can accurately track their inventory, identify which products are selling well, and forecast replenishments.
Another essential feature of logistics ERP software is product history tracking. Each product has a unique tracker that logs each movement of the product, from receipt to shipment. This feature helps with replenishment and planning, as it provides real-time data on the availability of each product in stock.
Logistics ERP software also includes a barcode scanner, which makes it easy to search for any product with a barcode. This feature streamlines the data entry process, as logistics managers can quickly enter the details of each item and set the order and purchase date.
Employee management is another essential feature of logistics ERP software. This software allows logistics managers to manage employee hours, lunch breaks, and sick leave. They can also collect salary increases and bonuses, track employee information and files, and manage temporary or seasonal staff. The logistics management software provides a complete list of permanent and temporary staff, essential in emergencies.
Logistics ERP software ensures product traceability and effective employee management by organising warehouse inventory well. This leads to increased productivity, as logistics managers have access to a wealth of data on every aspect of production. This data helps optimise costs, reduce handling and shipping costs, and increase employee productivity.
An ERP solution is essential for any company wishing to increase productivity while reducing the logistical and administrative costs inherent in business management. Organisations can improve their logistics operations, optimise inventory management, reduce costs, and increase productivity with a logistics ERP system.
