HowtheCloudCanRevolutionizeYourSupplyChain
&InventoryManagement
ind-svcs.com/blog/cloud-can-revolutionize-supply-chain-inv...
Forecastingreliesonaccurateinventory
managementanddataanalysis,topredictatwhat
levelofstockabusinessneedstoreorderitems,
b...
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How the cloud can revolutionize your supply chain & inventory management

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As any manufacturing manager knows, supply chain management can be challenging at times. The amount of tracking involved in the movement of inventory and stock can cause headaches and if the stock levels are not accurate, then forecasting can be just as tough. Many manufacturing managers are struggling to cope with the vast amounts of information required from them. This is even with the support of warehouse management and ERP activities.

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How the cloud can revolutionize your supply chain & inventory management

  1. 1. HowtheCloudCanRevolutionizeYourSupplyChain &InventoryManagement ind-svcs.com/blog/cloud-can-revolutionize-supply-chain-inventory-management/ Asanymanufacturingmanagerknows,supplychainmanagementcanbechallengingattimes.The amountoftrackinginvolvedinthemovementofinventoryandstockcancauseheadachesandifthe stocklevelsarenotaccurate,thenforecastingcanbejustastough.Manymanufacturingmanagers arestrugglingtocopewiththevastamountsofinformationrequiredfromthem.Thisisevenwiththe supportofwarehousemanagementandERPactivities. BetterInventoryManagement Whatisneededisabetterinventorymanagementsystemwhichisrobustsoitcanhelpmonitorall stockmovement;whilealsobeingflexibleenoughtobeusedintoday’sbusymanufacturing environment. Cloudcomputingisonesuchsolutionforamanufacturer’sinventorymanagementsystem. ThebenefitsofCloudcomputingwerehighlightedtoJimCafone,theVicePresidentofsupplychainfor PfizerInc.HebrokehisiPadscreenafterhedroppedthedevice.HadhenotbeenusingCloudstorage hewouldhavehadtotakethedevicetoarepairshopfordataretrieval.YetbecauseofCloudstorage hewasabletobuyanewiPadandwithin10minuteshadfullaccesstoeverythinghehadbefore. Havingthatbackupwithinacomputingsystemcanbeessentialincasetheworstshouldhappen.This isbusinesscontinuitypeople! ThispersonalexperiencedoeshighlightsomeofthebestqualitieswhichCloudoffersmanufacturersin theirinventorymanagementsystem.Yetthisdoesnotparticularlyhighlighthowitcanbeused.Forthis, manufacturershavetoconsidertheday-to-dayrunningoftheirsupplychain. 1.InventoryShortages Inventoryshortagesareacostlyproblemwithinabusiness.Iftheforecastingisnotaccurateandthe businesshasunreliablesuppliers,thereisariskthatthehigh-demandproductswillbecomeoutof stock. Thiscanmeanthatabusinesscanfailinkeepingupwithcustomerdemands.Gettingbehindon customerorderswillleadtodisappointedcustomers,lostsalesanddamagethebusiness’reputation. ByusingCloudsoftwareabusinesscanemployamuchmoreeffectiveinventorymanagement system.Themanagementteamcanseeinrealtimeexactlywhatthestocklevelsareforeachitem. Whenthelevelsarestartingtogetlow,abusinesscanthenscheduleorders. 2.Forecasting
  2. 2. Forecastingreliesonaccurateinventory managementanddataanalysis,topredictatwhat levelofstockabusinessneedstoreorderitems, basedonthenumberofcustomerorders.Whenan inventorymanagementsystemdoesnotusereal- timeinformation,thedatausedtomakeforecasts isinaccurateandshortagesinstockcanoccur. ACloudsystemallowsfortheinformationupdated onthewarehousefloortobeinstantlymade availabletotheoffice.Thereforewhendecisions andfutureplansneedtobemade,the managementteamhavecurrent,up-to-date information. 3.ManagementofYourSuppliers Asignificantpartofthesupplychainmanagementisthemanagementofthesuppliers.Allbusinesses wanttoknowthattheyaregettingafairpriceandagoodservicesotheycanmaximizetheirprofit. Cloudcomputingallowsthebusinesstosyncitssystemstogethersothatthemanagementteamcan comprehensivelyanalyzetheirsupplier’sperformance. UsingtheCloudforaninventorysupplymanagementsystemcansupportthebusinessinmany differentways.Whilehelpingwarehousemanagementkeeptrackofstockitcansupportsenior managementtomakeaccuratepredictionsanddecisions.Therefore,businesseswillbeableto maintaincustomersatisfaction,whichwillincreasesalesandtheirprofitability. HereisagreatlistofSCMsoftwarethatcanhelprevolutionizeyourinventorymanagementandsupply chain. IndustrialServices CommonwealthIndustrialServices,Inc.(CIS)isanindustrialservicescompany locatedinHopewell,Virginia.Althoughhistoricallyaservicebusiness,CIS’primary profitcenteristhepackagingandresaleofammoniumsulfate. FollowUs LatestpostsbyIndustrialServices(seeall) HowtheCloudCanRevolutionizeYourSupplyChain&InventoryManagement- June10,2014 BetterInventoryManagementSystemsCanReduceOperatingExpenses-June10,2014 10StrategiesToOptimizeWarehouseOperations-May26,2014
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