Posted on June 5, 2023 | All
Building products for supply chain: Mobile Inventory Suite
An effective inventory management system is crucial for a functional supply chain business. Businesses must analyze their processes to understand where to estimate delays, mistakes, and inefficiencies. To analyze and break down what’s happening, an innovative approach is not just a need but a crucial part of the puzzle. This approach should solve visibility, streamline the process, and decrease operational overload. The Mobile Inventory Suite was developed with such an approach in mind.
In this case study, we will understand the processes behind MIS as we dig deeper into the problem statements and create roadmaps for supply chain inventory management. In developing a tailored solution, the key is to transform the inventory management process by comprehending business needs and pain points. Going into the crux of cross-border functionality, for example, we explore how we had to work for a Canadian client who runs a warehouse in the US and needs a solution that addresses the problem with scalability at the core.
Breaking down the common issues
Businesses frequently need help with typical problem statements and supply chain management pain points like inventory management, transportation and logistics, lack of visibility and many more. The company we focus on here is a Canadian client with a warehouse in the United states of America looking for a solution that balances size and functionality. Every warehouse has four significant steps to base its processes on: stock receipt, transfer, count, and shipment. However, their efficiency, accuracy, and overall operating performance are improved by automating laborious procedures. Businesses can seize possibilities for streamlined processes, improved inventory management, and improved supply chain efficiency by addressing the above issues.
Hypothesizing the solution
A thorough approach and plan was designed to solve the identified supply chain inventory management issues and provide a customized solution to satisfy the client’s unique demands. The journey towards a solution started with creating a Minimum Viable Product (MVP) that included the essential features to help in transactional inventory management. It addressed the current pain points and gaps in the ERP solution the business has integrated.
The client was subsequently shown the MVP, and based on their particular warehouse operations and requirements, they offered insightful input to build a better roadmap. The MVP was continuously improved through the iterative method. The client’s input was significant in determining the development’s course, guaranteeing that the finished solution would meet their expectations and successfully handle their operations.
As the solution was being built and more features were added to address the edge cases, it progressively became a product that could be tailored to meet the needs of different supply chains. The solution’s adaptability and versatility made smooth integration with the ERP solutions of various warehouse setups and procedures possible, giving it a flexible and adaptive answer to inventory management problems.
What are the issues with transactional inventory management?
Transactional inventory management has many difficulties and constraints, which can cause inefficiencies in supply chain operations. Various system interfaces and parts cause these problems.
- Specific issues can occur during the stock receipt, transfer, count, and shipment, including manual data entry errors, delays in recording and updating inventory, and challenges tracking stock movement.
- Additionally, logistical factors like order fulfillment, cooperation across departments, and warehouse organization, can affect how effectively the list is managed.
- Process simplification, precise data capture, real-time visibility, seamless inventory management, and logistics system integration are all necessary to tackle these difficulties effectively.
How did we create a software solution for a warehouse problem?
Various processes were involved in developing a customized software solution for the warehouse issue.
- Essential criteria for success and scalability were defined, ensuring the answer could fulfill the client’s needs and prepare for future development.
- The solution was created with mobility in mind, simplifying the ERP process around the warehouse.
- Utilizing a barcode mobile solution, this strategy attempts to save human effort, notably in stock counting.
- The environment was greatly simplified by handheld devices, making it possible to record real-time inventory data, which was impossible with conventional inventory management systems.
Along with increasing productivity, this mobile-first design enabled better visibility and accuracy throughout inventory management.
Improving efficiency through boosting transparency
The Mobile Inventory Suite increases supply chain efficiency by increasing transparency and real-time visibility in the ERP solutions that a specific company has incorporated.
- Businesses can access the most recent data on inventory levels, order standings, and stock movements.
- Due to the ability to make timely modifications, reduce stockouts, and maximize inventory allocation, the openness promoted improved decision-making.
- Firms can decrease surplus stock, enhance order accuracy, and expedite warehouse operations by having real-time visibility over their inventory.
These actions led to cost savings, higher client happiness, and increased productivity.
Empower your supply chain with barcode-based order entry.
The Mobile Inventory Suite offers substantial advantages to supply chain operations when barcodes are used to submit orders.
- By lowering the rate of human mistakes during order entry, barcode technology improves accuracy.
- It expedites order processing by enabling quick and effective scanning of goods and inventory items.
- Staff in the supply chain are empowered with handheld devices and barcode scanners to manage and check inventory levels, which ensures prompt order fulfillment.
This simplified procedure eliminates human data entry, increases order correctness, and boosts supply chain operating effectiveness.
Mobile Inventory Suite: A Custom CIG Build
A comprehensive software program created to enhance inventory control inside the supply chain is called the Mobile Inventory Suite.
- Barcode scanning enables precise and effective data collection, real-time inventory tracking, and stock level and movement visibility.
- The scanning mechanism allows for an easy connection with other supply chain systems is some of its essential characteristics.
- A customized fit was ensured by tailoring the solution to the specific needs of the client’s warehouse operations.
Success endorsements from businesses that have used the Mobile Inventory Suite to streamline processes and improve supply chain performance demonstrate how MIS has helped solve business pain points.
The CIG Edge: Identifying problems, building solutions
The case study emphasized how supply chain inventory management was essential in embracing cutting-edge software solutions. Significant advantages of the Mobile Inventory Suite include improved productivity, openness, and scalability. The system improves decision-making, streamlines operations, and boosts overall performance by utilizing barcode scanning, real-time tracking, and seamless integration. The study underlines the need to embrace technology to overcome inventory management obstacles and maintain competitiveness in the changing supply chain environment, where practical and transparent operations are crucial for success.