Inventory Control: Track Inventory at the Speed of Business

According to many manufacturing industry surveys, one of the biggest challenges manufacturers face today is inventory control - the ability to maintain an accurate record of inventories across the enterprise, whether raw materials, parts and components, finished goods, or goods in-transit. The reasons for this are many and varied, including expanded product lines, mass customization, shorter delivery cycles, and complex global supply chains.

As a result, gaining a realistic view of enterprise-wide material movement and inventories at any given time can seem to be virtually impossible. Yet the lack of inventory control and effective inventory management leads to a loss of visibility which can hamper business performance, creating such obstacles as:

• Unexpected and expensive production delays
• Unbalanced inventories that make it impossible to meet demand
• Hard dollar loss due to excessive waste, scrap and work-in-process
• Cash flow problems due to inventory overstocks and excess safety stock
• Reduced customer service and competitor gains due to out-of-stocks

Still many manufacturers continue to rely on outdated inventory control methods such as manual spreadsheets and limited point solutions. These isolated approaches only contribute further to the non-integrated "islands of information" that can lead to costly missteps and errors in judgment.

Real-Time Visibility: Key to Effective Inventory Control

Imagine what would happen if a company such as yours could implement an automated, technology-based software solution combining inventory planning, inventory control, and inventory management. A deeply functional solution that could monitor, locate and track all material and inventory movement across the enterprise - even beyond the four walls - and report a single, accurate view of that information in real-time to everyone who needs it, anytime and anywhere. What a difference that could make!

That technology is available to you today - and here is just a glimpse at what it enables manufacturers to do to meet today's real-world competitive challenges:

• Eliminate islands of information and provide a global, integrated view of all materials and inventories across multiple locations
• Chart changes in the flow of inventories in real-time as new materials are received and finished goods are made, promised and shipped and integrate the new data seamlessly with your ERP, MRP, financial, and CRM systems
• Significantly improve day-to-day decision-making for sales, forecasting, purchasing, material planning, inventory management, and production planning managers
• Reduce costs by minimizing overstock, unnecessary material reorders, and safety stocks
• Improve customer service and satisfaction by eliminating out-of-stocks
• Simplify or eliminate time- and labor-intensive physical inventory counts

GSInnovate Inventory Edition from Glovia Services is a dynamic, fully integrated, on-demand inventory software solution. GSInnovate Inventory Edition requires no additional software, hardware, or IT staff and can be implemented quickly and easily, without disrupting your business. To learn more, request a Web demo for a closer view. Or call 1-877-474-8896 to speak with one of our inventory experts.