Case Study 1
Streamlining Production Planning and Inventory Management Using Cloud-based ERP Systems (Operations & Supply Chain)
Challenge
Standard manufacturing is founded on separated data handling, detached planning processes as well as manual inventory tracking. Firms find it difficult to optimize the production schedules depending on current demand statistics, minimize on the stock holding costs as well as ensure efficient supplier collaboration for a just in time (JIT) inventory method.
Solution
Manufacturing businesses could deploy cloud-based enterprise resource planning systems (ERPs). These software provide an all-inclusive solution for controlling any crucial business activity such as production planning, inventory management, purchasing and supplier relations among others. Real-time visibility into levels of stock available, production capacity and sales projections can be achieved using cloud based ERP systems. This information can then be used to optimize scheduling of production activities, automate procurement orders and foster better collaboration with suppliers for JIT inventories.
Benefits
Enhanced production planning and scheduling based on real-time insights from various parts of the company.
Through accurate forecasts and automated replenishment points best levels of stocks are maintained.
Reduces inventory holding costs plus space needed for storage.
Simplifies supply chain partnerships through sharing live information with suppliers.