Why Database Performance Optimizes ERP Inventory Management?
Lean inventory levels are vital to the health of a company. ERP Inventory Management running on a high-performance database delivers it.
Lean inventory levels not only ensure you have just enough to keep producing today, it feeds all the information your forecasting tables need to account for your company's continued growth.
If sales go up over 10% over the next three months, you need to order 10% more inventory to cover the larger orders.
Your ERP Inventory Management system updates sales, accounts receivable, purchasing, and procurement at every moment. All of this information goes in and out of a single database. This database updates aggregate totals like average sales for Thursday, the growth trend for the past 12 months, inventory turnover by week, and so on.
Constantly updating these totals every time one data point changes requires superior database performance, which demands constant optimization.
Are You Forcing a Circle into a Square Hole:
It’s essential to consult with database professionals about how to optimize your data.
There are inefficiencies in your system that nobody could know about. Take, for instance, impedance mismatch. This is the inefficiency of moving data back and forth into an application.
Computer languages make queries in objects, which are sets of labels and values for each piece of data. It’s a little like MS Access. Most databases are like MS Excel, an endless spreadsheet of rows and columns.
When processing data, your computer must smooth out the data from its database to fit its applications. Doing so effectively speeds up your overall database performance.
Why Database Performance Matters?
An ERP Inventory Management system is a single database answering user data queries throughout the supply chain.
It’s the people who work inside the business. It’s the suppliers who ship the materials and parts. It’s the customers who place the orders. It’s the logistics managers who move the finished products.
That’s just the beginning.
With multiple human users all querying your database simultaneously, devices monitor and record everything. When a part goes down the conveyor belt, a small chip can scan it, causing a request to the database to update its production status.
When the robot finishes painting the first coat, it sends another update to the database indicating how much paint has been used and how many parts were processed.
You can have hundreds of IoT devices, tablets, and even Smartphones and their manufacturing equivalents updating thousands of data points each minute.
This information is calculated for aggregate and specific metrics and requested by even more users from purchasing, accounting, production, shipping, and sales.
Database optimization enhances the database performance necessary to perform each calculation and request within a handful of milliseconds.
A Single Database with a Dozen Arms:
A financial statement is static. Even a growth projection given at a certain time is static.
Inventory is never static.
It is in a constant state of flux. This is the challenge of forecasting. If you underestimate how many new customers you will have next month, their purchase orders may have to wait, and they won’t be customers for long.
This puts the spotlight on your business intelligence. No matter how advanced the technology, forecasting tools are only as good as the data it has to work with. No matter how thoroughly researched, the best decision will be the wrong decision if the information it’s based upon is inaccurate.
Your intelligence layer must have the most up-to-date intel every moment. Average inventory turnover means you are restocking each month. You must compensate for seasonal changes in demand along with increases in sales and demand for more materials.
Your Database Optimization Experts:
At The Farber Consulting Group, we specialize in database optimization. We will go into the database to find and unblock the bottlenecks. We will also remove the speedbumps.
We know that your business is unique. Your processes are unique. Your inventory management is unique, so your database will be unique.
This is why we perform database optimizations based on how you work. It’s up to us to bend your software to your business and not the other way around.
Saving your business time and money consistently with an ERP Inventory Management System customized to your business is what we specialize in. I am happy to talk with you about it at your convenience so please give us a call.