Successful manufacturers need high quality software to maintain work in progress (WIP), reorder parts quickly, manage new orders, and deliver products on time and on budget to customers.
What is Manufacturing Inventory Management Software?
Manufacturing inventory tracking software allows manufacturers to track critical assets to optimize production, from raw ingredients, to work in progress, to completed inventory ready to ship.
Manufacturing Inventory Management Software: Things to Consider
When considering a manufacturing inventory management system, keep some of the following in mind:
Manufacturing software is among the most expensive out there. Watch out for hidden costs, hidden limits, and on-going fees. Reduce your risk by starting with simple products that offer free options to start. High price does not equal high quality.
The best manufacturing inventory tracking software is the one you can use! Look for intuitive, easy-to-use interfaces. This shortens the learning curve. Be cautious of too many features and fancy options - as chances are you'll never use them.
Real Time Reports
Good manufacturing inventory software should generate real time reports on all the assets in your firm quickly and easily, including breakdowns by balance on hand, date, cost, location and any custom fields you define.
Fundamentally you're doing inventory - which requires quick and easy tools for setting up your items, managing transactions, moving things around, as well as reporting. And for tracking costs look for AVERAGE, LIFO or FIFO costing capabilities.
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Benefits of Manufacturing Inventory Management Software
With high quality manufacturing software you will reduce costs and boost efficiency for consistent production and increased customer satisfaction.