Streamline Inventory Management with the Right Formula

Published: May 15, 2024 | By: Ascent Solutions

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Streamline Inventory Management with the Right Formula

Leveraging Data and Technology for Optimal Stock Levels

We couldn’t agree more with Zebra Technologies about the critical importance of a good inventory formula to maintain proper stock levels. While this may sound daunting at first, utilizing real time data with best-in-class software and hardware systems makes it much more manageable. Data and technology together empower more accurate inventory levels by reducing “rule of thumb” inventory management, as discussed on Zebra’s blog:
“If you work hard to reduce lead times and have a rule-of-thumb policy, there is no automatic way to reduce inventory. You have to debate whether the days of supply should go from 20 to 15. If you have a good formula in place, the formula’s output will give you less inventory as the lead time decreases.”

Ascent Solutions Inventory Overstock

How to Reduce “Rule of Thumb” Inventory Management

Salesforce, the leading CRM platform, is extensible for cloud ERP use cases with Ascent Solutions. Ascent’s suite of native applications on AppExchange provide more accurate inventory levels and ensure operations are working smarter, not harder. Using a data-driven platform like Salesforce with extensible technology for inventory, order, and warehouse management by Ascent, enables businesses to move beyond basic customer relationship management to access a holistic solution that optimizes inventory levels across various industries including manufacturing, healthcare, retail, nonprofits, and others. This ensures that inventory is always aligned with demand, reducing costs and improving service levels.

Salesforce’s strength lies in its ability to seamlessly integrate with a wide range of ERP systems, supply chain management tools, and third-party applications. Coupled with its extensive customization options, companies can tailor the platform to meet their unique inventory management challenges and workflows, ensuring efficient operation and responsiveness to market changes.

Ascent ERP Dashboard Desktop
Having precise and up-to-date inventory information within Salesforce is crucial for making informed decisions about purchasing, production planning, orders fulfillment, and sales strategies. This accuracy supports the optimization of inventory levels, reduces the risk of stockouts or excess stock, and ultimately enhances customer satisfaction through better product availability.

Implementing automation within Salesforce for tasks such as stock level replenishment, order processing, and reorder point notifications not only saves time but also minimizes the risk of human error. This increases operational efficiency and ensures that inventory data is always current and reliable.

As businesses expand, their inventory management requirements become more complex. Salesforce’s scalable platform effortlessly accommodates this growth, enabling more sophisticated inventory strategies and providing deeper insights with advanced analytics and reporting. This allows companies to continuously improve their inventory management practices and maintain a competitive edge as they grow.

Achieve Operations 360° for Benefits Across the Organization

We’re in a unique position to connect the dots for companies through our technology and strategic partnerships with Zebra Technologies, Salesforce, and Seagull Scientific / BarTender Cloud™. We are able to provide a complete solution that unlocks the power of Operations 360° with the ability to have seamless inventory and order management, warehouse mobility, purchasing, returns, financials, and barcode creation to print directly within Salesforce.

Ascent Solutions Streamline Inventory Infographic

User-friendly applications allow you to effortlessly manage both inventory and orders, while designing and printing labels or tags of any size and barcode type, for both standard Salesforce objects and custom ones, including managed packages.

At the end of the day, we know selecting the right technology partner is paramount. Ascent Solutions is driven by a passion for enhancing distribution and manufacturing technology. Ascent ERP, our flagship solution, provides an adaptable and affordable platform for businesses at any stage, ensuring real-time visibility and efficiency from production to delivery.

Learn more on AppExchange and contact us to dive into a world where improving inventory management with data and leading technologies becomes integral to business success.

Ascent Solutions is Cloud ERP on Salesforce for Operations 360°

Ascent ERP: Cloud ERP, Reverse Logistics, Apps 360, Salesforce ERP, Salesforce Order Management, Salesforce Customer 360, Salesforce

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Why Ascent?

We are distribution and manufacturing technology enthusiasts that understood the term “ERP” was oversold and under delivered. We designed a flexible platform to ensure that we are able to adapt and evolve with businesses from the startup to enterprise level yet keep our offering affordable.