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Inventory Control Systems
Global manufacturers consider inventory management critical to their success. Subsequently, many changes happened in their approach to inventory management like shifting the onus upstream to suppliers, leveraging technology and rigorously measuring it. As a result, American businesses have successfully reduced inventory as a percentage of GDP by 46 percent between 1981 and 2000. This approach has however led to transferring issues from the higher end of the value chain to the lower end and spending millions of dollars on improperly used software packages.
Some problems continue to plague manufacturers, like:
Stock outs and lost sales
Inconsistencies in "on-hand" and "available for sale quantities" in the inventory management system
Low ROI on inventory
High inventory holding costs
Datamatics has vast experience in working with manufacturing companies and resolving their inventory related issues. We have expertise in assessing a manufacturer's operations and recommending and delivering the right solution. Our domain and technical experts have experience in using RFID, bar code and handheld technology. We offer a gamut of services including:
Business Analysis and Assessment
Custom Development
Application Support and Maintenance
Reengineering and Modernization of Legacy Applications
Migration and Porting
Web-enabling of Inventory Management
Our Solution allows manufacturers to:
Time taken to move quantum of stock reduced by over 16%
