Our Blog: Inventory Management

A manufacturing enterprise without Key Performance Indicators (KPI) or Key Metrics is like a rudderless ship in the ocean. It keeps on operating without any definite aim or ambition in sight. To achieve any desired goal, enterprises need to measure their everyday operations using advanced technological solutions so that they can manage them better. To […]

Manufacturing and distribution enterprises not only incur costs in procuring, maintaining, and transporting inventory but also in storing/holding them at their premises. Inventory such as raw materials, semi-finished or finished goods, need to be stored for a certain period of time before they are dispatched for respective purposes. In the meantime, enterprises incur costs to […]

Inventory is one of the most crucial aspects of the manufacturing industry. It consists of raw materials, sub-assemblies, and semi-finished goods that manufacturers use to produce finished goods.  Managing inventory is not an easy task as it involves constant movement of inventory between the factory floor, warehouse, third-party vendors, and finally to the customer as […]

About Inventory Valuation Inventory is the lifeline of any manufacturing enterprise, be it parts, sub-assemblies, raw materials, semi-finished, finished products, and even repair, maintenance, and operating goods. Every inventory item holds a certain value and manufacturers have to calculate this value accurately at the end of the financial year. This is called Inventory Valuation.  Let’s take […]

There is not an iota of doubt that Bill of Materials (BOM) is the most important aspect in discrete manufacturing. It drives product development, management; defines the final product that is designed and manufactured as per customer requirement. It is a comprehensive blueprint consisting of raw materials, components, assemblies, sub-assemblies, parts, and packaging materials that […]

When was the last time you noticed or paid attention to a bar code label on a product or a package? For a layman, it is an insignificant thing that is useful only at the cash counter of a supermarket where it is scanned for billing of a particular product. Thereafter, it is of no […]

In our previous blog, ‘Top Warehouse Management Challenges for Manufacturers’, we discussed top ranking warehouse management issues that impact manufacturers on a large scale. We explained how these issues prevent manufacturers from maintaining optimum inventory levels, impacts goods movement, delays production, drains bottom line and profitability. An efficient ERP software helps manufacturers to overcome these […]

In manufacturing and retail organizations, a warehouse plays an important role in managing inventory stock and consistently maintaining it at an optimum level. It all depends on the organization to ensure smooth operations within the warehouse by paying attention to smaller details and aim at automating warehouse management operations. An ill managed warehouse can hurt […]

In our previous blog, ‘Top Inventory Problems Manufacturers Face’, we had highlighted various challenges that manufacturers face with respect to controlling and managing their inventory. Taking the discussion further, we explain how you can tame the magnanimous and the most critical aspect of your manufacturing operations by utilizing the right features of an Enterprise Resource […]

The Big Inventory Management Problem Every manufacturer, small or medium or big, would have faced or currently facing this problem of unable to tame the magnanimous giant called Inventory Management.  Imagine a scenario where the entire shop-floor is on standby with machines and personnel staying idle, thereby increasing the queue of the jobs. An emergency […]