The Evolution of Inventory Management System

May 23rd, 2011

Phase 1   Basic recording and tracking

Most organizations start their Inventory Management with

  • Excel Spreadsheets
  • Home grown Access databases
  • Paper, paper and more paper


Phase 2   Quality and timeliness of inventory data

However,  how do they know better Inventory Management system are needed?

  • Data maintenance becomes a nightmare (Incorrect data, No real time data)
  • Reporting is difficult, since they want to see the data in many ways and real-time
  • Too much reliance on the warehouse staffs who built the tracking system
  • They want to link inventory data with other information
  • Achieve better control


Phase 3   Competitive Advantage

So, what’s next?

  • Benchmarking your organization’s performance with the best in industries
  • Align inventory management processes  with organization’s future grow plan
  • Deliver better services to customer by shortening time of delivery
  • Permanent inventory