Profitable manufacturing is a constant juggling act, where one dropped ball can cost you time, money, and most importantly, your reputation. Any good manufacturer knows that the one of the most critical balls, is your inventory control - drop that one and your challenges can quickly become existential.
Regardless of whether your end product has ten components or a thousand, ensuring you have the right materials on hand when you need them is the easiest way to improve your manufacturing business margins and profitability.
There are a host of problems created by poor inventory control, including;
The solution to poor inventory control and all the problems it can cause is simple - great data, and good systems.
Ditching your excel spreadsheet (it is riddled with errors) and getting better insights into your current inventory usage and designing an effective inventory plan is the only way to overcome the issues of bad inventory control.
As your all-in-one manufacturing solution, WorkGuru’s powerful business management solution puts the power of data into your decision making and takes the hassle out of managing your inventory.
WorkGuru’s web kiosk allows all you staff to enter their timesheets and material usage straight onto whatever project they're working on, meaning no more double-entry, AND real-time reporting on staff productivity and inventory requirements. While real-time doesn't sound particularly important if you're not used to it, the difference between getting stock usage entered into the system as it's done, and on Friday's before everyone goes home for the week, can mean the difference between having the materials to keep working on Monday morning, or being stuck waiting for a delivery to arrive.
With WorkGuru you can build your manufacturing project templates to account for not only your bill of materials, but the time that you expect to use when building a product. Whether it's the parts on a caravan, trailer, shed, or boat, WorkGuru has you covered.
Your inventory plan should include a reliable inventory management system, generating and monitoring stock levels and adopting automated inventory ordering and supply chain processes.
When you've finished making a product for a client, you need to be able to track it's warranty details, who the original client was, and what other work you've done on it. WorkGuru lets you track every timesheet, stock item and piece of work ever done on that asset in a single place, well into the future.