Get a Handle On Inventory, Materials, and Costs!
Keeping inventory, materials, and costs in sync is the equation for successful manufacturing operations, but every manufacturer already knows that, and it’s certainly easier said than done. However, if you add integration into each part of this seemingly perfect equation, you might just come up with a better system overall – one that’s manageable without having to pay an arm and a leg.
Inventory Management: Having control over what’s in stock in relation to what you’re selling helps save money while optimizing on the materials you already have in inventory. In addition, keeping promises to your customers will help you ensure high customer satisfaction levels. The only way you can have this insight is if you have access to real-time data from your warehouse as well as from your sales reps; when those two areas are aligned, you can control your inventory management.
Materials Resource Planning: Having insight into what you have already forecasted can alert you to changes that need to be made so that demand and inventory line up today and in the future. Real insight into your inventory or revenue also means knowing what purchase orders, sales orders, and work orders are still in progress. Having this insight makes it possible to plan for seasonal trends or down times to ultimately help you optimize cash flow and keep your manufacturing operations running profitability.
Cash Flow Optimization: With insight into all operational areas, purchasing agents can keep materials flowing to accelerate production and order fulfillment, keeping your cash flow high and on an even keel.
Integration throughout your supply chain can help you get a better handle on inventory, materials, and costs. Read the “cases in point” in our eBook, “How Today’s Manufacturers are Taking Control of Materials, Inventory, and Manufacturing Costs from Order to Delivery”, and get a better idea of exactly how integrated enterprise resource planning (ERP) can help you make better and faster decisions every day.
- Login Error: Communication protocol mismatch between client and server
- Creating a Date Table in Power BI
- The Top Eight KPIs Retailers Should Be Tracking (with Formulas) for Your Retail KPI Dashboard
- Difference Between IaaS, PaaS, and SaaS And When You Need to Use Them
- How to Set Custom Color Themes in Microsoft Power BI