A Lumber Inventory Management Software’s 4 most important features
By: Levi
The most useful features in a Lumber Inventory Management Software (Lumber IMS)
Buying a new Lumber Inventory Management Software can be challenging and confusing. Here are 4 features that separate the best software from the rest.
-
Inventory Management
-
Inventory Tracking and Costing
-
Integrated Sales Module
-
Accounting/AP
Finding the best lumber inventory management software is a big decision for your mill or business, so making sure it handles and automates the most crucial aspect of your business is a must. You’ll need to consider and compare several lumber inventory management software to determine which fits the best.
To aid you in this process, we’ve listed and explained 4 key features found in the best lumber inventory management systems.
The value of Lumber IMS
Lumber Inventory Management Software e is important because it gives lumber mills, wholesalers, manufacturers, and yards the tools and insights they need to effectively track, manage, and analyze their entire operation. Teams can use lumber management software centralize all their Inventory, Sales, Shipping/Receiving, Accounting, and Forecasting. And management can use the software to analyze data and trends to increase profitability and drive growth.
Inventory Management
Inventory Management is usually the core of any software serving the lumber industry and is the first module or subsystem to evaluate. Make sure it handles Receiving, Production, Shipping, and Transportation. A well-designed inventory module will let you track progress of each orders they move through the machine center and will let you easily create production orders.
Inventory Tracking and Costing
An extension on Lumber Inventory Management, Inventory tracking and costing is a crucial feature. A well thought out software will track wood as it moves though the various process a run undergoes, and lumber as it makes one or more physical moves.
Traditionally, sawmills and re-manufacturers didn’t have an automated way to do any costing, so derived their own ad-hoc systems. A good lumber inventory management software will have a flexible costing system to handle your mills unique costing demands and systems.
Integrated Lumber Sales Module
A good system is one that all team members utilize, and your lumber sales reps are no exception. Making sure your software tracks supplier Purchase Orders, produces and sends invoices within a few clicks, and allows reps to enter their own sales orders will ensure the software is adopted by all your reps.
Full Lumber ERP With Accounting Component
The last feature that rounds out a comprehensive Lumber Software is an Accounting component. This takes your lumber inventory management software into a full Lumber ERP and helps provide key operational insights and measure results. Robust reporting, tighter internal controls, and improved business analysis are all key values this feature provides.
Ready to Purchase a Lumber inventory management software?
If you’re doing some research to find the best lumber software for your company, book a free demo with our team.
We’d be happy to walk through your current systems and discuss how MillTech could help your team.