This is the era of global business and trade, the likes of which have never been experienced before. The driving force is the changing expectations of demanding customers. Continuous technology innovation brings integrated capabilities to deliver goods and services with speed and accuracy.
In this scenario, inventory
management and dispatch management are critical.
The importance of Inventory Management
Systems
An inventory management system is a
process by which you track your products and materials through the supply
chain. It keeps the business aware of the levels of all the products involved
starting from purchasing to the production process and right up to the points
of sale
Inventory management systems are needed to handle
stock and control inventory levels accurately so that overstocking or
understocking problems can be avoided. For example, to assemble your products
will need several raw materials, components, or ingredients. Your inventory
management system will calculate the quantities you need and give you
up-to-date information on what is available in stock and what you will need to
purchase to meet your production goals and meet market needs.
There
are dedicated Inventory Management Software (developed specifically for your
business) and off-the-shelf Enterprise Resource Planning systems, which take
care of all aspects of business planning. Each has its advantages and
disadvantages.
The importance of Dispatch Management Systems
Dispatch
management system help automate routing and scheduling so that
deliveries are completed efficiently. It cuts the time taken to procure raw
materials, make products and deliver them to customers.
A good dispatch management
system will give you control over the transportation process with rapid
response capability if something goes amiss. It can be scaled upwards as your
business grows.
Our Email: contact@advatix.com
Visit Us: https://www.advatix.com
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