Inefficient inventory management can interfere with company’s profits and customer service.
It can cost a business more money and time. Current inventory management systems may record data, however may not interact.
Some of the challenges that can be addressed:
• Stock-outs, Overstock, Fluctuating demand
• Inventory tracking & alerts
• Complex supply chains & long lead time
The Solution:
• Maximo, the Enterprise Asset Management Solution from IBM enables Asset Intensive organizations to manage inventory.
• It assists you to track inventory transactions to help streamline parts and materials management.
• Optimize and plan inventory to more accurately meet maintenance demand, making the right parts available at the right location, at right time & at less cost.
Business Benefits of Effective Inventory Management:
• Reduce stock-outs, and carrying costs.
• Maintain proper records and reports.
• Get alerts and notifications at reordering level.
• Classify Inventory and know its importance.
• Identify & remove obsolete inventory to reduce costs.
• Know how much to order and when to order.
