Centralized database to Maintain Real-time Inventory Management for a Leading Steel Fabricator
Challenges
- The system was causing delays in data entry and information extraction.
- Handling real-time inventory tracking and valuation in a warehouse with multiple locations and directing shipments to clients from vendor locations was a cumbersome task.
- The team was facing difficulties in effectively managing multiple projects in real-time.
Technology
- Centralized database
- Inventory management
- Purchase and payables
- Sales and receivables
- Project management (jobs)
Results
- There was access to a centralized database that was accessible to all departments.
- Detailed financial reporting was available for monthly/quarterly/yearly comparisons.
- Effective ways were implemented to handle/filtrate the Account's Payables/Receivables.
- Transactions were processed efficiently.
- Real-time inventory management and valuation were performed.
- Multiple projects were managed effectively in real time.
