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ERP tools share a common process and data model, covering broad and deep operational end-to-end processes, such as those found in finance, HR, distribution, manufacturing, service and the supply chain. ERP systems emerged out of Materials Requirement Planning (MRP) – the planning and scheduling of inventory for the manufacturing process.
Flexible manufacturing is important as part of a make-to-order or assemble-to-order strategy that allows customized products and keeps inventories low. For each different production run, there will be a unique BOM (Bill of Materials), Material Requirements Plan (MRP), and Master Production Schedule (MPS). Shared data is critical.
Lean systems have provided a formidable operating strategy for leaders determined to achieve and maintain optimal operational systems and customer satisfaction levels. Customer expectations of reliable quality and rapid delivery forces today’s manufacturers to either shorten cycle times or lose business. Establish time-tables.
However, the right software tools can help companies deliver a better product to market faster, anticipate demand, as well as build and participate in agile supply chains. But while global supply chains measure shipping and delivery times in weeks and months, customers expect faster deliveries. The way forward.
Real-time Inventory Tracking Real-time inventory tracking is a critical strategy that ensures retailers and 3PL providers maintain accurate stock levels. Real-time inventory tracking is an effective tool implemented throughout 3PL warehouses. Investing in any of these technologies means investing in your business’s future.
Data management and data control are essential tools to help supply chain chiefs sift through accurate information before making important management decisions. The ability to use available technological tools to interpret data is becoming a must for those in managerial positions. Review and streamline transport strategies.
Action Message: An alert generated by a materials requirement planning (MRP) or distribution requirements planning (DRP) system. Distributed Inventory: The maintenance of inventory in multiple geographic locations, typically as a strategy to enhance customer service by reducing order lead times. Distribution Resource Planning DRPII.
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