RKL eSolutions Blog Trends and Insights

Inventory Control Can Be Profitable When You Get It Right, Expensive When It Goes Wrong

Instrument manufacturers produce specialized, high quality products for their customers.  Medical devices, lab equipment, and gauges must be precise and work reliably.  Manufacturing operations rely on unique bills of
materials (BOMs) for each product and raw materials that can come from a deep supply chain.  Managing inventory can become complicated and costly without tight control and visibility from the front office to the back warehouse.  Control inventory and costs with a modern business management solution.Spectrometry

As discussed in “7 Ways Analysis and Control Instrument Manufacturers Respond to Rapid Change,” an eBook, disconnected business systems can lead to oversights, which can lead to frustrated customers and lost revenues.  When inventory data is stored in one location, BOMs in another, and customer sales and orders in yet another system, your people are spending more time looking for data, than actually using it.  Making matters worse, old and unreliable data can lead to poor decision making, wasting even more time and money.  Integrate your systems and take back the control and insight you need over inventory and manufacturing operations.

A single, integrated business management solution can provide greater visibility throughout your business than disparate, specialty software.  You can manage all of your operations from within a single, more powerful solution including finances, inventory and supply chain, manufacturing and distribution operations, and other core business processes.  By connecting major processes, such as customer orders, inventory, and production schedules, you can have greater control over these processes and respond faster to changes.  For example, you can track item revisions and customer changes with Control Change Management (CCM). Changes to BOMs can trigger automatic notification of potential inventory shortages, so you can respond quickly to keep a customer order on schedule.  You can also use business intelligence features to simplify purchasing and accelerate replenishment, while also strategizing the procurement process.  Instead of needlessly overstocking the warehouse, optimize inventory between other warehouses and locations.  The money you save by reducing surplus can be better spent on other core operations.

Strong inventory control is essential for fulfilling customer orders efficiently and profitably.  Download 7 Ways Analysis and Control Instrument Manufacturers Respond to Rapid Change and contact RKL eSolutions  Instrument_eBook-transfor more information about replacing inefficient legacy systems with the modern solutions that offer the control and insight needed to manage inventory and protect your bottom line!

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Sofia Pascuzzo

Written by Sofia Pascuzzo

Sofia is the Customer Marketing Associate at RKL eSolutions. She specializes in creating informational thought leadership style content for the RKL eSolutions customer base. When not working, Sofia leads her town's Hometown Heroes program, honoring local veterans.