What is Stock Management?

Enterprise Resource Planning (ERP) stock management is a system that allows businesses to manage all aspects of their business on a single platform, including: stock, finance, planning, logistics and operations. An ERP stock management system provides real-time stock information to the entire organization. This is an important capability for businesses that plan to expand, have complex workflows or supply chains, need advanced automation, operate in “just in time” mode, sell many products or simply wish to maximize their investments in stock. Managing operations using a centralized system not only cuts down on double-handling but also allows for automation of daily tasks.