The supply chain is the lifeblood of any organization. From the warehouse to the distribution center to the shop floor, your products flow through a pipeline that underpins your business. Unfortunately, this sequence of events isn’t always guaranteed. Here are three of the most common supply chain mistakes —and you can avoid them.
Mistake #1: Manufacturers Don’t Communicate With Suppliers
When you don’t communicate with suppliers, there can be a breakdown in your manufacturing processes
. This can have a detrimental impact on your organization. A lack of raw materials, the wrong machine parts, the wrong stock quantities — all of these events can occur as a result of poor supplier communication.
Smart manufacturing software
like Prodsmart collects information about processes such as manufacturing output, product waste, and low stock levels. You can share this data with the people who provide you with materials and parts and improve communication.
Mistake #2: Manufacturers Don’t Track Inventory Properly
If you don’t track inventory properly, you’re just setting yourself up for failure. You’ll never know when your products expire, become damaged, or go out of stock. Perhaps not surprisingly, research suggests that the majority of inventories are wrong. In the retail sector, for example, inventories are accurate just 63 percent of the time .
Real-time inventory management software increases predictive maintenance in your organization, so you can make smarter decisions and improve quality management
. Programs like Prodsmart let you reduce out-of-stocks, increase sales, and source intermediate products with a click of a mouse or swipe of a finger
Mistake #3: Manufacturers Don’t Measure Performance
If you don’t measure supply chain performance, you can’t solve problems on the shop floor or forecast future manufacturing trends. Research shows that 20 percent of electronics manufacturers don’t have a proper supply chain measurement system in place .
Production management software optimizes inventories and provides you with actionable metrics that track shop floor activity. Prodsmart’s Global Overall Equipment Effectiveness indicator, for example, gives you shop floor updates in real time, so you always know what’s going on in your organization. You can also access aggregated reports about various elements of your manufacturing operations, including workers, products, raw materials, and machines.
It’s time to incorporate real-time supply chain management software into your organization. As a result, you can communicate with suppliers more effectively, track your inventory properly, and access the latest metrics.
Looking for real-time management software that improves your production processes? Click here
to sign up to Prodsmart for free.