OCTOBER 20176 MANUFACTURINGTECHNOLOGYINSIGHTS Inventory is the lifeblood of manufacturing companies--the single entity that drives production activities. Any inventory mismanagement may grind manufacturing to a halt. Efficient inventory management is all about maintaining raw materials and finished goods at right levels. Lower inventory level will lead to lost sales and production delays while on the other hand higher inventory level will eat up space and capital. Hence, an accurately gauged inventory level is indispensible for improving shop floor efficiency, part and materials accuracy, and enhancing the bottom line. There is no denying that when inventory management teams up with technology, it will unleash never-before-seen opportunities for the manufacturers. From replenishing inventories, enabling seamless supplier communication, and tracking outsourced parts to forecasting necessary materials, inventory software solutions streamline end-to-end inventory management.Backed by advanced analytics, the cloud-based inventory software of today offers insights into inventory levels that help eliminate inventory losses from theft, damages, and errors during shipping, which will reduce overhead and improve operations. Also, it helps manufacturers to manage their warehouses more efficiently, eliminating overstocking and understocking issues. Similarly, IoT is another technology that is disrupting the inventory tracking and monitoring efforts. From single location within the warehouse to multiple locations across distributed manufacturing units, the manufactures can monitor stocks and replenish them in real-time without ever having to move around. Amidst these possibilities, there is a need for manufacturers to stay current in the inventory management marketplace to maintain profitability and negate competition. Our goal with this special edition is to highlight the best-of-breed inventory management solution providers like AcentERP that offers a cloud-based inventory management application to help clients manage their manufacturing supply chain in a revolutionary way. The software facilitates end-to-end inventory tracking, right from raw materials or outsourced components to finished products over multiple locations. This edition also blends thought leadership from subject matter experts with real stories on what selected vendors are doing for their clients, including exclusive insights from CIOs and CXOs.Write us your thoughts.Productivity RedefinedEditorialCopyright © 2017 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.OCTOBER - 7 - 2017Inventory Management SpecialMailing AddressValleyMedia, Inc. 44790 S. Grimmer Blvd Suite 202, Fremont, CA 94538T:510.936.8381, F:510-894.8405 October - 7 - 2017, Vol 03- Issue 06 Published by ValleyMedia, Inc. To subscribe to ManufacturingTechnology InsightsVisit www.manufacturingtechinologyinsghts.com Editor-in-ChiefLaura DavisEditorial StaffSalesVisualizerMichael WilliamsLawrence Tse lawrence@manufacturingtechnologyinsights.comT:510.402.1464Ava Gracia Kyle SummersPeter ThomasVivian MurrayTECHNOLOGY INSIGHTSTECHNOLOGY INSIGHTSLaura DavisEditor-in-ChiefManufacturingTechnology InsightsWrite to useditor@manufacturingtechnologyinsights.com*Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staff
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