Over the last few years, the blend of inventory management and technology has proven to be a dynamic combination that reduces physical inventory time, streamlines supplier communication, and mitigates supply chain challenges. The inventory management software available today empowers the lean manufacturing management principles that enable manufacturers to transition from a traditional manufacturing approach to a substantially leaner environment.
By adopting proven Japanese lean manufacturing techniques such as Kaizen, Muda, and Kanban, providers have assimilated key components for continuous improvement, waste minimization, and serialized inventory control into their inventory management software systems to improve manufacturing efficiency. These advanced inventory software tools allow manufacturers to store, track and fulfill orders based on real-time inventory information from the manufacturing floor, the warehouse and outsourced and vendor locations.
With real-time inventory management, powered by advanced computer analytics systems, manufacturing enterprises can reduce incidents of theft, damages, and error and markedly minimize overheads and enhance operations. Further, real-time inventory management also eliminates overstocking/understocking issues while recent technologies like 3D printing enable effortless customization of inventory needs. What adds to the allure of these warehouse management systems and vendor managed inventories is the inventory adjustment support from anywhere on the production floor, as they are readily accessible through PDAs or other hand-held, radio frequency enabled scanning devices.
As manufacturers recognize the shortfalls associated with inadequate inventory during demand peaks, they are actively embracing inventory management solutions to streamline their manufacturing process, regulate their stocks, and operate more efficiently. To help CIOs navigate this flourishing landscape, Manufacturing Technology Insights’ distinguished panel of selectors, comprising CEOs, CIOs, VCs, industry analysts and the editorial board have enlisted the leading inventory management solution providers that are at the forefront imparting ground-breaking solutions pertaining to the fulfillment of the vital needs of the industry. The listing offers a look into how these solutions are put to use, thereby enabling you to gain a comprehensive knowledge as to how they will optimize businesses.
We present to you Manufacturing Technology Insights’ Top 10 Inventory Management Solution Providers - 2017.