Think Beyond Inventory Management of a Single Plant to Achieving Material Synchronization Across Your Global Product Supply Network
In the quest for manufacturing excellence, inventory management plays a critical role. Manufacturers are looking for ways to reduce inventory, improve material flow and enable efficiencies through material synchronization and Just-in-Time or Just-in-Sequence inventory management processes. In addition, companies need tight management and traceability of inventory in order to control and improve quality. Apriso customers have made tremendous strides in reducing their inventories without detriment to expediting costs, or their order fill rates. One Medical Device customer reduced inventories 25-35% across 16 plants. Another Consumer Goods manufacturer slashed Work in Process inventory 50% and reduced cycle time by 50%. Improving inventory tracking accuracy helps to reduce inventory requirements, anywhere from $200K to $10M per plant.
Apriso's FlexNet solutions, including FlexNet Warehouse and FlexNet Lean Material Flow in particular, are enabling a new approach to global inventory management. Instead of managing inventory just in the warehouse, as traditional systems do, FlexNet makes the warehouse part of the seamless flow of materials and production processes throughout your enterprise.
This ‘big picture' view allows a tight coordination of operations to reduce the amount of inventory and Work in Process (WIP) in the plant, improve cycle time, increase productivity, improve inventory accuracy, reduce errors, simplify reporting and provide full control over internal processes, inventory positions and movements. This approach can support your Lean manufacturing initiatives by extending these programs into the warehouse.
FlexNet enables efficient inventory management by: