![]() This isn’t the most efficient method: Market forces are difficult to predict, and a manufacturing pipeline that lacks precise data is not agile.Ī lean manufacturing ecosystem, on the other hand, adds data continuously and autocorrects every step of the process, reducing the silo effect between consumer relations management (CRM), enterprise resource planning (ERP), manufacturing execution systems (MES), marketing, production, vendors and suppliers. Once manufactured, the goods would be distributed to warehouses and hopefully sold rapidly. Traditionally, OEMs would survey markets and calculate demand, then procure raw materials and plan production runs based on those estimates. A smart or 4.0 warehouse combines the latest in advanced technology to create a robust system of automation that can completely transform and modernize operational processes for the better.īut what does inventory management look like in lean manufacturing, and how will the adoption of a DSN shape the smart factory of tomorrow? Improved transparency More and more enterprises are digitizing their supply chains and implementing DSN principles to achieve efficiency gains, resulting in the creation of smart warehouses and factories. This evolution is taking form in what’s known as the Fourth Industrial Revolution, or Industry 4.0. The traditional linear supply chain is being rebooted in favor of a customer-centric digital supply network (DSN). ![]() ![]() Inventory management anchors supply chains at OEMs, managing the raw input at one end and the distribution of finished goods to customers at the other. Excess inventory on hand ties up cash liquidity in unused raw materials and unsold goods, while shortages can lead to production stoppages, delivery delays and customer dissatisfaction. Inventory management is one of the most critical aspects of business operations for any original equipment manufacturer (OEM).
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