Byte’s Raw Materials Inventory Control and Real-Time Shop Floor Control
FIRST, admit it, your raw material inventory is completely out of control!
You can’t get a grip on your current inventory levels because items are incorrectly located, obsolete, overstocked, and under-stocked. You’re terrified to release any production orders and you question whether your BOM’s are priced accurately?
SECOND, you pay hourly and don’t have a good grasp on your “Bill of Labor” (BOL).
Three real-life problems that typical manufacturers encounter
1. Embarrassing Customer Satisfaction?
Our company purchased insufficient quantities of an item used in manufacturing. We’ll be unable to meet contract obligations. Because of this, our customer approval ratings have tanked.
2. Low Profitability & Performance?
Inventory that is full of unusable materials. We purchased too much of some items, or the wrong colors, and the wrong sizes. We may never use any of it. In addition to the missed orders our money is tied up in the wrong materials, I wonder how much we'll lose when we have to liquidate all the unused materials.
Byte’s Raw Material Inventory Control
Material Requirements Planning (MRP) or Byte’s Raw Material Inventory Control is a materials planning, scheduling, and inventory control system used to manage your supply chain processes.
Three major components of Byte’s Raw Material Inventory Control
1. Production Cut Order Planning
2. Bill of Materials, BOM's (Product Structure Records)
3. Accurate, up-to-the-minute, inventory management
Byte’s Raw Material Inventory Control + Labor Cost = Accurate Cost
Combining Raw Material Inventory Control with Byte’s Real-Time Shop Floor Control you can accurately calculate your material cost and labor cost for complete true cost.
You’ll also have the data to calculate your manufacturing capacity giving your management immediate insight allowing them to confidently plan orders aligning them with your production schedules, minimizing costs and inventory positions while increasing the accuracy of delivery commitments to your customers.
Let’s start a project together today!
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