Number 3 on my top 10 things CFOs should know about ERP is carrying costs increase – The inability to accurately forecast demand is a major cost for businesses. By over procuring supplies, businesses lose money from unused product and ongoing storage costs. Conversely, not ordering adequate supplies results in revenue loss as companies cannot meet increases in customer demand. ERP offers integration support for all functions of a business, including those critical to carrying costs such as inventory, order entry, production and shipping.
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