For all manufacturing companies, making an accurate estimate of inventory means the difference between profit and loss. Not stocking enough inventory of popular items can be as damaging as trying to offload overstocked products. Moreover, inventory availability ultimately impacts your customers’ perceptions of your business.
By automating your entire supply chain, including manufacturing execution system (MES) and warehouse management systems (WMS) you’ll be able to track all your products throughout the supply chain. These programs should work together seamlessly, providing visibility and maximizing efficiency from production to delivery.
We’ve enlisted the main benefits of good Inventory Management for manufacturing businesses:
