How to grow your manufacturing company

How does your manufacturing company grow? Does your company encounter difficulties manage their manufacturing inventory? Are you lacking insights into the required stock levels to guarantee a smooth manufacturing process? Slimstock’s inventory management software for manufacturing companies is a great fit for any manufacturing company.

Unlike wholesalers manufacturing companies have to deal with three types of inventory in their manufacturing process:

  • Raw material inventory
  • Work in process inventory
  • Finished goods inventory

Often the demand for the raw materials can be derived from the demand for finished goods. However, when customers are not only able to purchase the finished goods but also the raw material, the process becomes much more complex. As a result manufacturing companies have often both dependent as well as independent demand, creating complexity in the supply chain. As inventory specialists, we understand that availability is very important in manufacturing companies. Primarily because raw materials should be available in sufficient quantities to guarantee a smooth manufacturing process.

With our manufacturing inventory management software, we can help any manufacturing company. We do not only generate reliable forecasts so you can anticipate future demand. But also calculate the optimal batch size, take into account bill-of-materials, while simultaneously making sure you do not end up with understock or overstock situations. Furthermore, we make sure you can easily keep track of your stock across multiple manufacturing and warehouse locations.

Do you have a high degree of complexity in your production environment? That's why Slim4, our inventory management software, supports optimal batch sizes upon economic order quantity factoring in machine conversion costs. Besides, we support a multitude of top-level forecasting methods that are applied depending on your specific business requirements.

In which environment is your manufacturing company operating?

Determining your customer order decoupling point (CODP) is essential in manufacturing companies.

Does your manufacturing company operate in a make-to-stock environment?  It is vital that your planning team can rely on accurate forecasts to anticipate future demand. Since it will not only ensure the right articles are produced to meet the customers' demand but also allows you to purchase the required components in time to be available for production.

Likewise, if your manufacturing company is underpinned by the make-to-order model, an accurate estimate of required parts and components is essential to satisfy consumer demand promptly. In both scenarios, Slim4 is an instrument in enabling you to strike the balance between inventory costs and availability!

Would you like to find out more about inventory management or our manufacturing inventory management software  Slim4? Contact us for more information or read business cases first.

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