When Warehouse Management Takes On Manufacturing Responsibilities: A Critical Look at Production in the Technology Sector
atFTx Global (FasTrax Warehouse Management Software, Technology Sector)
Technology companies are on the lookout to gain a competitive edge, and as a result, there have been major developments in improving warehousing software to accommodate this growing industry need. When warehouses also manage their own engineering and manufacturing, the organization of their logistics can become complex. Luckily, newly introduced warehousing software features help business owners stay on top of their warehouses, manufacturing facilities, and engineering plants.
In this article, we will introduce you to the latest features to upgrade your warehousing software, especially if you produce hardware devices in the technology sector.
New cloud warehouse management software features help business owners maintain warehouses, manufacturing facilities and engineering plants.
Today, manufacturers are making a concerted effort to greatly reduce the quantities of inventory items they store in their warehouses. Warehouses, therefore, are evolving into “flow-through” or “cross-docking” facilities. This means that companies like yours could be in the throes of restructuring manufacturing-to-warehousing workflows so that your finished & packaged tech products enter one side of the warehouse, are reconfigured into shipments, and then are immediately moved out into delivery trucks on the other side of the warehouse.
High-performance warehouses have adopted this model and cross-dock 50% or more of their manufactured goods. No matter how fast the flow-through becomes, warehouses will be used for storage. Though the tech devices you produce can be “made-to-order”, it reduce consuming warehouse space, but it is not possible to avoid storing inventory altogether. Warehousing will be required for the foreseeable future, and the most successful technology manufacturers have made the necessary adjustments in their warehouses to meet the reduced need for space and increased complexity of order-fulfillment turnarounds.
Have you made the necessary adjustments, too? If so, does your warehouse inventory software have the depth and functionality to reflect this new, streamlined, and fast workflow?
Even if you have made the necessary adjustments, you will still require warehouses management software to provide supply-chain flexibility. You must have a “shock absorber” in place. What specific “shocks” will your warehouse need to absorb? The first issue occurs when customers request product modifications after your facility has already built and fulfilled their tech device orders. This could clog up the workflow and storage system of your warehouse. Secondly, the business relationships you maintain regarding your manufacturing could fluctuate. Your contract to purchase ferrite from China, for example, could expire, forcing you to purchase the same metal from another supplier. This relocation and shift in supply-chain activities more often falls on the warehouse personnel to track and manage. You will require a warehouse management software to record every exception to rule, no matter how much your supply chains are affected.
The lines between manufacturing and warehousing have blurred within the technology production industry. This blur has impacted warehouse employees the most in that they now face serious challenges, including:
- Pressure to decrease manufacturing & warehousing costs
- Greater corporate & customer expectations for accuracy
- Ongoing efforts to reduce warehoused inventory by means of issuing postponement programs, consolidating warehouse facilities, and focusing on cross-docking programs
- Strategies to streamline workflow and minimize inventory
- Accommodating electronic & online orders with same-day shipping
- Perform manufacturing units to prevent goods from being sent back to the manufacturing plant
Your company will have to upgrade its warehousing & inventory software in order to meet these new challenges and evolve into full-blown distribution centers that are equipped to predict and record inventory movement as efficiently as possible.
A warehouse management software should be customizable as warehouses are not limited for inventory storage. If your company has gone beyond warehousing, and doubles-up as a kitting and assembly hub, then the software used at your facility must reflect your real-life workflow.
With customized warehousing in place, technology product manufacturing plant can speed up their assembly and delivery process. It can be achieved while maintaining your core engineering and manufacturing autonomously. Opt for inventory software that has warehouse automation and operations like picking, barcode labeling, and other technology-infused features. It will help reduce human error and speed up order-fulfillment times.
Does your manufacturing company offer end-to-end product services such as prototyping, patenting, designing, engineering, crowdfunding, and marketing? Your software needs to be able to handle every facet of your business.
Manufacturing factory and warehousing facilities offer the full gambit of products and services to customers including sourcing, inspecting, assembling, and quality control. It means that you need comprehensive functionality from your warehouse inventory software. Your customers trust you because you are an industry leader in prototyping and engineering technology equipment and devices. For this reason, you should use the best inventory software solution to take care of all of your operational needs.
Technology product manufacturing company offering end-to-end technology development for consumer devices that include Internet-of-Things and products like Smart Devices, and Tech Wearables should opt for FasTrax Warehouse Inventory Software. The software accommodates your complex business needs. It offers accurate and comprehensive reporting that help you make faster and wiser project decisions.
FasTrax Warehouse gives you complete control of your inventory, no matter how many warehouse locations you have. Price lists assigned to account group simplify invoice and accounting with a warehouse software. Daily inventory snapshots allow you to run reports as per your schedule. Our proprietary software allows you to view item quantities at any time, be on-hand or ordered with your vendors.
Let FasTrax Warehouse management software handle the heavy lifting of your inventory management! Click here to learn how FasTrax Warehouse can track your technology devices & equipment inventory, and automate your daily distribution warehouse operations.
Learn more about FTx Global and what our services can do for you by visiting our website.