September 19th 2023 11:00:00 AM
Manufacturing Inventory Software Addresses Several Top Challenges
January 30th 2020 16:00:00 PM
Manufacturing inventory software can help companies address several challenges in the new year. For example, an Industry Week special report indicates that among the top 10 challenges facing manufacturers, cost hits the top 2, 3, and 4 respectively: materials and labor costs as well as price reduction pressures. All of this boils down to the fact that customers want to pay less for the same thing.
Manufacturing inventory software can help you keep tight track of every penny invested in your supply chain and manage and monitor it for better control. It’s estimated 90% of a company’s costs are locked in their supply chain. Managing it with the right inventory software can help you reduce costs so you can pass them along to your customers.
Accurate Production Run Tracking
By tracking production runs accurately, you’ll be able to assess labor costs as well as run time. These estimates can help you schedule jobs tightly to maximize production runs and minimize idle time. You can also schedule maintenance around peak production times to keep equipment online and prevent unanticipated stops.
Real-Time Inventory and Monitoring
Another benefit that can help you shave costs is real-time inventory and inventory monitoring. By accessing actual inventory counts immediately, you can determine whether you have adequate supplies on hand to fill orders or whether reordering is needed. You can also review suppliers and make informed choices about which supplier might be better for upcoming orders, which can help you negotiate the best prices.
Another aspect of manufacturing inventory software that can help you address common challenges is scheduling workers’ time on the shop floor. By using manufacturing inventory software, you can predict peak production periods and schedule staff accordingly.
Sage Manufacturing is software for smart manufacturers. It’s available in three versions: Lite, Mid-size and Enterprise so there’s a package that fits your need. It includes a mobile solution that collects real-time data from your shop floor. Sage Manufacturing works with Android or Apple devices.
For more information on Sage Manufacturing, contact Scanco. Contact us online or call (330) 645-9959 to arrange your appointment today.