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May 26, 2006, Newsletter Issue #17: Managing Inventory in Different Industries
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Tip of the Week
Inventory management must be customized depending on your industry. Clearly a software company is going to have a much different inventory than a manufacturing company with items like household appliances or teddy bears. If you are manufacturing company looking for the right inventory control software solution you should look for modules that will meet the following needs: * Manufacturing systems that are more focused on product or shipping assembly in a streamlined fashion. * Manufacturing management systems that incorporate work order and labor and production costs. * Management of byproducts from disassembly or scrap * Planning and scheduling production and assembly lines * Required production materials management * Estimation of cost, time and product development capability * Quality control cost/time * Project management and job costing analysis
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