The Need Of Modern OEMs: Inventory Management Solution
by Intellinet Jun 20, 2019
Proper management is the backbone of any company’s inventory and data infrastructure. But the nature of their inventory and data can differ a lot according to industry type, enterprise size and area of business.
Success in the every business requires a firm knowledge of what exactly your customers want, and when they require it?
Manufacturing OEMs have different challenges. As in retailer’s business they have a complete and well-described product, but the manufacturing process starts with product ideation and planning, moves to production and management and ordering of produced items. It further follows to product’s delivery and service throughout life.
Now in this digital world, OEMs also needs to be digital, otherwise they may not be able to compete in the market. In this series, Intellinet has come up with digital solution for equipment manufacturers.
Intellinet Systems empowers OEMs to create a single version of the truth to drive better decisions, experiences and outcomes, and to address critical initiatives as quickly as possible.
For a manufacturer’s generating revenue depends upon how their product reach to the market and how well a company offer the service after selling the parts. To make the product reach early to the market, it requires good inventory management software that is able to maintain all data single handy.
As a natural consequence of a complex production process encompassing planning, supply chain, design, product development and commercialization, business critical data is generated in multiple departments. Problems begin when this data is stored in departmental silos, which makes it prone to errors, less actionable and harder for teams to collaborate.
Inconsistent data and manual processes, relying on email communication and spreadsheets, slows down the time-to-market and makes it harder to earn the sweet spot as the most valued supplier among distributors and vendors. Vendors must be able to trust product data that they can feed into their sales channels.
For manufacturing companies, the benefit of inventory management system relies on their capability to minimize the complexity of the data supply chain and improve collaboration, so that parts data is accessible to everyone who is responsible for planning and delivering.
Considering the complexity of inventory and warehouse management in manufacturing, the ideal solution is inventory management system in combination with warranty claim management to capture, share and display all parts data on a common platform. Collecting customer feedback and communicating with dealers via the same solution significantly enhances collaboration and shortens the time to interact with each other. This builds the good will image of the brand in market.
Inventory management system ensures that the product manager and the sales manager look at the same parts data when taking business decision.
This will save time on database look-ups and reduces errors that were common through manual processing.
Main sources of ROI:
time-to-market powered by inventory management and visibility and easy collaboration
across remote locations as well as with authorized dealers. Keeping track of
innumerable service parts and managing dealers, customers, ware house and
digital assets can be a roadblock, but after integrating inventory management
software from Intellinet, such roadblock will be removed and manufacturers will
be able to act with agility.
single digital platform will enable OEMs to communicate spare part information
to all related channels in a coherent way.
world-leading manufacturer of rooftop windows uses inventory management system through system integration to collect
and unify product information including digital assets. As a result, the
manufacturer can deliver consistent product information from factory to the
point of sale. They can immediately meet customer demands and comply with the
customer’s categories, be it product images or the size and the weight of the
cardboard box on a pallet. This streamlined data processing delivers two
concrete benefits that have a direct impact on the ROI:
Time to communicate with dealers and get
response will be substantially reduced
complete and rich information, positions the manufacturer as valued and trusted
supplier for their dealers.