Manufacturers have a lot at stake when it comes to inventory. Not having the materials
and parts needed to fulfill customer orders can be very costly. Conversely, the
cost of having too much or the incorrect mix of materials and parts in inventory
must be carefully evaluated as well. Because of lack of timely and accurate information
about consumption patterns, lead times, yields, and asset utilization, many manufacturers
err on the side of caution by stocking more than is required to meet production
demand and variability in output.
As a real-time manufacturing operations management application software, TrakSYS
is directly connected to the various workflow and production processes. Through
advanced analytics and benchmarking, TrakSYS readily determines process capabilities
based on material usage, yield, suppliers, production constraints, asset performance,
and inventory turns. The availability of accurate and timely information is critical
to optimal management of inventory. TrakSYS helps to improve supply chain management
by providing visibility to the suppliers for material and parts usage to significantly
improve the just-in-time (JIT) supply model. By also enabling in-process inventory
management and paperless Kanban, TrakSYS will further improve the overall agility
to measurably drive cost of operations down.
TrakSYS Value in Inventory and Materials Management
- Improve JIT supply model
- Allow paperless Kanban
- Optimize on-hand inventory levels
- Rank suppliers in terms of best price to value performance
- Reduce capital tied up in excess inventory and drive costs down
- Improve on-time fulfillment of customer orders
Learn more about TrakSYS.