PRODUCTION & OPERATIONS
arguing manufacturers will see significant efficiency benefits by equipping warehouse operators with devices running on iOS and Android .
“ These devices enable tasks such as scanning , picking and kitting to be performed with greater ease and accuracy , providing immediate insight into inventory status and boosting operational transparency ,” he says . “ Building a traceability platform through these technologies improves management efficiency and ensures all stakeholders have access to accurate and up-to-date inventory information .”
Other platforms capable of enhancing inventory management include Enterprise Asset Management systems , as Berend Booms , Enterprise Asset Management Advocate at IFS Ultimo , explains .
“ Software tools like Enterprise Asset Management ( EAM ) systems can help mitigate some of the risks that come with inventory management ,” he adds .
“ For example , by registering multiple vendors to augment the possible purchasing options ; or , by providing a centralised list of acceptable replacements to the main product , so that the impact of any supply chain issue can be abated .”
With an EAM system , manufacturers can unlock significant integration and insights , enabling superior visibility into the status , location and storage of their inventory to maximise efficiency .
“ An EAM system supplements your inventory management with a range of industry-leading integration possibilities , such as the use of barcode scanners , track and trace and stock count features ,” Berend continues .
“ These benefits will help you gain insight into the availability and location of your inventory , allowing you to further optimise your business processes .”
Determining which of these software solutions will best serve your business needs is key to establishing a successful inventory strategy . With the right mindset , you too can organise both the obvious and non-obvious and lead your organisation to victory .
“ Inventory management isn ’ t just about keeping track of how many items are in your warehouse ,” concludes James . “ It ’ s about understanding the lifecycle of each product and making informed decisions that can enhance the efficiency and profitability of your business .”
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