5 Additional Features Your Inventory Management System Should Have

By: Ola Azzouqa 

Inventory Management is an essential step in the supply-chain network. Using an inventory management system, one can keep track of inventory and stock quantities in and out of the warehouse. The objective of managing inventory is to have a clear picture of the quantities that need to be addressed and be aware of inventory locations at any given time.

While keeping track of stock manually can be troublesome and difficult, properly controlled inventory automatically sets the supply-chain management in place.

This is where Inventory Management system comes to the rescue! Having a reliable inventory management system is vital to ensure you don’t spend your time figuring out how much stock you have and avoid stock-outs. Moreover, an efficient Inventory Management system helps inventory businesses carry out crucial tasks such as tracking shipments, monitoring products levels, scanning barcodes, and more.

Where manufacturers are headed in light of uncertainty

By: Cesilia Faustina

Coronavirus has caused great disruption towards global manufacturing and supply chain. Since the start of it all, it has continued to challenge the path our economy is headed towards and witnessing permanent change for our global economy.

This is not a new thing, however; our world has undergone major changes in light of a crisis for years. The Great Depression redefined the way our economy worked and has since affected people impacted until today. World War II also created a major shift in the way manufacturing and the economy worked; many people went unemployed and were forced to shift to different industries, while manufacturing became a powerhouse industry to provide for the war.

Digital trends are affecting the way manufacturers conduct business

By: Cesilia Faustina

The rise of digital transformation is affecting the way manufacturers are running businesses. What used to be a clear-cut method of conducting business is now filled with uncertainty, especially when it comes to industrial manufacturers. We are witnessing more complex projects, multiple product lines and large industrial facilities that are already hard to navigate by itself, however, imagine having to manage it through increasing demands and competition.

The manufacturing industry can no longer depend on avoiding multiple obstacles through traditional means, too much is at stake for their business. This is why most manufacturing companies are now moving towards digital solutions to help them achieve greater efficiency. Production transparency is now being achieved through digitalization and innovative technologies. A survey conducted by PwC showed that 72 percent of manufacturing companies are drastically increasing their level of digitization and expected to be ranked as digitally advanced by 2020.

What to look for in an ERP Software Suite

By: Lotfi Al-Sarori

An ERP (Enterprise Resource Planning) is a suite of integrated software systems that work together to optimize the various business processes in a company. Systems comprising an ERP suite usually use a common unified datastore, have centralized administration, and operate in real-time (or near real-time). Like any other business software, ERPs must provide solid system security, effective access control, and flexible user rights management.