We\u2019ve all seen how inefficient materials management can affect electronic manufacturing operations and bottom-line results: A single missing component can cause downtime on the production line, as well as project and delivery delays, and a damaged reputation.<\/p>\n\n\n\n
In order to prevent such a costly occurrence, manufacturers often over-compensate, taking a series of preventative actions:<\/p>\n\n\n\n
As time goes on and the gap between ERP inventory levels and actual physical stock grows, a physical inventory count becomes necessary, putting a halt to regular operations, and wasting precious time and manpower resources.<\/p>\n\n\n\n
When analyzing the root cause of materials management failures, we often discover that the lack of visibility of materials currently on the shop floor is a major issue. How can ERP systems be updated to account for materials that are no longer in the warehouse, but still not used?<\/p>\n\n\n\n
In the tenth session<\/a> of our series of 12 mini-webinars on Implementing \u201cDigital Twin\u201d Best Practices From Design Through Manufacturing<\/em><\/a>, we take a look at the materials management challenges currently facing manufacturers. We then review a number of methodologies that can be used to maintain inventory accuracy, track the location of unused materials, and keep materials-related losses to a minimum.<\/p>\n\n\n\n Main takeaways from this session:<\/p>\n\n\n\n