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An Inventory Management System provides a complete hassle free solution to help track billings, inventory levels, deliveries, orders and sales and other inventory data. This software system helps you keep an accurate check on the products at your disposal to help combat common inventory problems such as over stocking and outages. Four major sapects that influence the reliability of an inventory management system include:

  • Order Management

Order management is the administration of business processes related to orders for goods or services. An order management system (OMS) automates and streamlines order processing for businesses. An OMS provides constantly updated inventory information, a database of vendors, a database of customers, a record of customer returns and refunds, information on billing and payments, order processing records, and general ledger information.Benefits of a well-implemented OMS include improved sales visibility, improved customer relations, and efficient order processing with a minimum of delays and back-orders.

  • Asset Tracking

Asset tracking refers to tracking the movement of physical assets, either by scanning barcode tags attached to the assets or by using smart tags, like 'passive' RFID, which broadcast their location, but which have limited transmission range (typically a few meters). Longer-range "smart tags" use 'active' RFID -where a radio transmitter is powered by a battery and can transmit up to 2000 meters (6,600 feet) in optimum conditions. RFID-based Asset Tracking requires an infrastructure to be put in place before the whereabouts of tags may be ascertained. An asset tracking system can record the location and usage of the assets and generate various reports.

  • Service Management

Service management in the manufacturing context, is integrated into supply chain management as the intersection between the actual sales and the customer. The aim of high performance service management is to optimize the service-intensive supply chains, which are usually more complex than the typical finished-goods supply chain. Most service-intensive supply chains require larger inventories and tighter integration with field service and third parties. They also must accommodate inconsistent and uncertain demand by establishing more advanced information and product flows. Moreover, all processes must be coordinated across numerous service locations with large numbers of parts and multiple levels in the supply chain.

Among typical manufacturers, post-sale services (maintenance, repair and parts) account for less than 20 percent of revenue. But among the most innovative companies in service, those same activities often generate more than 50 percent of the profits.

  • Product Identification

Product identification is a broad category of labeling that includes functions such as product traceability, brand protection, and various information labels. With a rapidly changing business environment, and constant threats from theft and counterfeit products, product identification labeling is critical.

 

 

 

 

 

 

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