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Inventory control is the process of tracking and managing a company's inventory levels, including purchasing, receiving, storage and distribution of products.
Optimal stock or inventory management is one of the essentials for any industry. Whether you are an SME or a large enterprise.
Effective stock or inventory management helps to maintain production efficiency and ensure customer satisfaction.
The implementation of 4.0 solutions has facilitated stock control, in addition to increasing its accuracy, leaving behind traditional processes.
Inventory control in Industry 4.0
The implementation of 4.0 solutions, such as the MES system, helps the company to improve stock or inventory management.
4.0 solutions can track inventory movements such as incoming raw materials or manufacturing consumption and provide end-to-end traceability, allowing any product in the supply chain to be traced.
In addition, it helps to identify and solve inventory problems, such as overstocking or understocking. This enables companies to make better decisions about product purchasing and supply chain management.
What are the advantages of inventory control with 4.0 tools?
Some of the advantages of having 4.0 solutions for stock management and control are:
Advantage stock control 1. Cost reduction
Efficient stock control helps reduce storage costs. By efficiently managing inventory, companies can avoid excess inventory and reduce costs associated with warehousing and inventory management.
Stock control advantage 2. Improved operational efficiency
With optimal inventory management, companies can ensure that they have enough stock on hand to meet customer demand without having to store too much inventory.
Stock control advantage 3. Improved customer satisfaction
Optimal stock control can help companies fulfil customer orders without delays, which improves customer satisfaction and retention.
Stock control advantage 4. Improved planning
Proper inventory management helps companies plan more accurately the resources needed to produce, store and distribute their products. This makes it possible to better anticipate and plan for changes in market demand.
Stock control advantage 5. Traceability
By having an optimal stock control, the company will be able to know all the steps that the product has followed in the processes from the reception of the raw materials in the warehouse to its distribution.
In short, stock or inventory control is an essential part of the industry. Having 4.0 tools for its management helps companies to significantly improve their efficiency and reduce costs, in addition to increasing their accuracy by eliminating the high risk of errors involved in controlling stock or inventory manually.
At Overtel, we work with ERP management solutions and MES systems that we custom-configure to make the company's stock control as efficient as possible. In addition, we help to improve the rest of the processes. Do you think it's time to move forward? Let's move forward together!
Contact us and we will show you how.
