Phase 1 Basic recording and tracking
Most organizations start their Inventory Management with
- Excel Spreadsheets
- Home grown Access databases
- Paper, paper and more paper
Phase 2 Quality and timeliness of inventory data
However, how do they know better Inventory Management system are needed?
- Data maintenance becomes a nightmare (Incorrect data, No real time data)
- Reporting is difficult, since they want to see the data in many ways and real-time
- Too much reliance on the warehouse staffs who built the tracking system
- They want to link inventory data with other information
- Achieve better control
Phase 3 Competitive Advantage
So, what’s next?
- Benchmarking your organization’s performance with the best in industries
- Align inventory management processes with organization’s future grow plan
- Deliver better services to customer by shortening time of delivery
- Permanent inventory