Forecasting demand is hard. Material lead times can be long. High inventory levels give security but tie up capital. Excess time in any process is costly. Profitability and competitiveness require inventory levels to be balanced against actual demand.
Real-time, paperless visibility of production processes, downtime alerts and collaborative messaging within the factory ensure operational transparency and efficiency. Clear visibility helps to identify opportunities to shorten process time and take out waste. Shorter job times enhance responsiveness to market conditions and reduce the need for a large inventory.The Challenge Series: How to avoid drowning in unnecessary paperwork