Using Enterprise Management System for Custom Orders & Stock Inventory

With growing competitive challenges, manufacturing organizations must upgrade to high-quality enterprise asset management systems (EAM) and other suitable manufacturing software to maximize the productive life cycles of their assets.

Manufacturers receive a range of different orders – from a typical, stock order to orders that require some form of customization. Processing custom and stock orders requires different processes in order to be successful.

Without a robust enterprise management system it can be next to impossible for manufacturers to weather the organizational storm that’s required to differentiate between custom and stock orders and ensure an efficient work process.

Let’s take a look at the difference between these two types of orders and how an appropriately implemented EAM solution can help.

Stock Orders

When dealing with stock orders, your enterprise asset management system must automatically change with the changes in your stock order inventory. Since stock orders are based on company data records and historical forecasts, they provide a constant and streamlined workload – you can anticipate with great accuracy the inventory requirements needed.

With stock orders, your sales projections are clear indicators of your inventory and production level status. There is a consistency to the orders and you are dealing with fewer unknowns than in the case of custom orders. Despite this, there are still times when unexpected changes in inventory take place, and it is in these situations where a robust enterprise asset management system must be capable of taking the reins to make the appropriate adjustments needed to keep your order process on track.

Customer Orders

On the other end of the spectrum are custom orders. They are part of sales orders and hence, must be correctly anticipated and handled by you; for which an efficient enterprise asset management process is a high priority.

For all custom orders, enterprise asset management acts as the unique bridge that synergizes your sales modules with production systems. Enterprise asset management gives you complete control over the entire life cycle of the order process – from costs and timelines to inventory requirements.

It is this integration of flexibility and insight, and the ability to efficiently manage even the most infrequent orders that takes customer satisfaction to the next level.

Enterprise Asset Management – The Way Of The Future

Enterprise Asset Management systems provide a holistic vision of the asset and inventory state of an organization; empowering managers to optimize operations to tackle any kind of orders – custom or stock – gives you the shining light you need to stay prepared for whatever orders are thrown your way.

Author Bio: Lee House is the Vice President of Advanced Manufacturing Software, a manufacturing management software solution powered by Microsoft Dynamics AX that supports next generation lean manufacturing practices.