Experts predict this holiday season be the biggest shopping period in history. People across the world will get up early on Black Friday and check out the biggest bargains online and in brick-and-mortar stores. Then there’s Cyber Monday, where retailers dramatically reduce the price of products, and Christmas is a couple weeks away. Here are three reasons why you need to invest in good manufacturing management software at this time of the year:
1. Optimize Your Inventory
The holidays come around once a year, and you need to capitalize on increased demand for your products from retailers. Make sure you optimize your inventory before the period begins. If you don’t digitize your manufacturing processes properly, you won’t be able to meet demand and could lose out on cold, hard sales.
Real-time manufacturing management software like Prodsmart helps you practice demand-driven logistics, streamlines your stock and improves production tracking across the entire supply chain. You can also plan your production schedules in advance
to meet increased demand from retailers.
2. Gain Real-Time Insights
If retailers purchase more of your products in the run-up to the holiday season, you will want to track all of these orders in one place. The latest software provides you with real-time insights into your production processes so you can forecast trends and
access the latest intelligence.
Manufacturing software like Prodsmart offers the latest insights into your production process, so you can track products as they move along the shop floor. You can source raw materials and other crucial components, too. You can prevent downtime and
accept extra orders that come up to meet demand-driven businesses. Above all, manufacturing management software will also help you stay agile.
3. Prevent Bottlenecks
The four-week period between Black Friday and Christmas generated a huge 20 percent of annual retail sales in 2014 . The run-up to the holiday period, therefore, can be stressful for manufacturing businesses who need to increase production. If
retailers are asking you to manufacture more products, it's essential you get things right. Broken or malfunctioning equipment, for example, will slow down your entire supply chain process.
Manufacturing software like Prodsmart will help you deal with bottlenecks —production stalls, machine overloads, broken components, etc. — in the production cycle without compromising quality management standards. You can identify a
problem in your supply chain and fix it quickly before the issue gets worse.
If you haven’t incorporated manufacturing management software into your business, it’s a good idea to do it now. The holiday season is just around the corner, and you need good software to optimize your inventory, meet production targets and prevent bottlenecks. And you’re still on time to get ready to 2019 with all it’s shopping frenzies.
Sign up now and find out how we can help you.