Stay in stock with live manufacturing inventory software
Manufacturing inventory management software is an important part of any business strategy, as it allows a company to keep track of its assets. It helps make stock management more accurate, and gives manufacturers the real-time data to run processes efficiently.
Features
Optimize stock levels with real-time manufacturing inventory software
Enhance your manufacturing experience with features that keep your operations running smoothly.
How manufacturing inventory software helps you cut costs and stay agile
With the increased prevalence of outsourcing and global production, many manufacturers are reconsidering what inventory management means for them on a day-to-day basis. This also includes balancing it with in-house production if you’re using a mixed manufacturing model. Here are a few ways a quality factory stock management software can help.
Manufacturing inventory software helps you reduce stock-related costs
Ensuring product availability is key for manufacturers, and there’s no reason why you can’t offer quick delivery times while stocking less. With better insight into inventory levels, you can be sure that your business will waste less cash on unneeded stock and more on boosting the bottom line.
Katana allows you to:
- Get total inventory control for finished products and raw materials
- Automate inventory transactions and set reorder points to prevent stock-outs
- Manage product variants and materials in one place
- Monitor your inventory across multiple warehouses
- Use barcodes to receive stock
Ensure you have the inventory items you need for production
Implementing manufacturing inventory software gives your business the visibility of what you have available and when you need to reorder. This allows purchasing professionals to carry out just-in-time delivery of production items and keep all their equipment fully stocked without having large warehouses full of obsolete stock that will never get used.
Katana makes it easy to:
- Drag-and-drop priorities for manufacturing tasks
- Track availability for required materials for efficient sales order fulfillment
- Identify delay risks related to material supply lead times
- Get accurate expected completion dates to keep sales teams informed
- Have a live floor-level production status overview
Track inventory demand for better decision-making
Inventory management software also provides companies with a new level of market insight. Manufacturers get a better idea of what items are selling well and which aren’t, helping them improve production planning for each product.
Katana gives you the real-time data you need to:
- Make accurate manufacturing and purchasing decisions with live data
- Ensure optimal inventory levels at all times
- Prioritize production based on raw material availability
- Get task-level control for effective shop floor management
- Automate manufacturing cost calculations based on your bill of materials and operations
Want to see Katana in action?
Book a demo to get all your questions answered regarding Katana’s features, integrations, pricing, and more.
Get total inventory control with software that connects with the services you love
Connect Katana to third-party software or create your own workflows via API
Choose from a range of e-commerce, accounting, CRM, reporting, and automation integrations to streamline your key business operations. Katana’s manufacturing inventory software is built to fit with the software you need. Take a look at Katana’s growing list of integrations to learn more.
Having the shop floor know what they can or can’t make on a given day is amazing, and replaces our previous “system” of spreadsheets.”
Sara Varela
Founder and Designer at Sara Gabriel
Katana provides us with all the features for manufacturing order management and can track inventory usage and incorporate our sales order tracking into Katana.”
Mikhail MooreChief Executive Office (CEO) at Vitacore Industries
Katana accurately keeps stock of assemblies and ingredients so that I can plan production and get instant feedback on whether we enough resources in stock.”
Kelly Costello
Chief Executive Officer (CEO) at Puppy Cake
As an organic food processor, traceability is critical and our records must be meticulously kept. Katana fulfills all our needs in a simple, easy solution.”
Irah Vet
Founder and Production Manager at Hornby Organic
Manufacturing inventory software FAQ
Manufacturing inventory can be tracked using specialized inventory management software tailored for the manufacturing industry.
Here’s a general process:
Implement manufacturing inventory software
Utilize dedicated manufacturing inventory management software. This software is designed to handle the complexities of tracking raw materials, work-in-progress items, and finished goods.
Barcode and RFID technology
Use barcode or RFID technology to identify and track each unique item in the inventory. This enhances accuracy and efficiency in tracking goods across all stages of production.
Real-time monitoring
Use live monitoring features of the software to keep track of inventory movements, production stages, and stock levels. This helps make informed decisions and respond promptly to changes.
Integration with production processes
Integrate the inventory management system with production processes. This ensures that as items move through different stages of manufacturing, the inventory records are automatically updated.
Data gathering
Implement automated data capture methods to reduce manual errors. This can include automated data entry from production machinery or sensors that update the inventory system in real time.
Demand forecasting
Use the data collected to analyze trends and forecast demand. This enables better planning for procurement, production, and stock to meet customer demands without excess inventory.
Regular audits
Conduct regular audits to ensure that the physical inventory matches the digital records. This helps identify discrepancies and address them promptly.
Supplier relationships
Collaborate with suppliers by integrating their systems with yours. This facilitates seamless communication about incoming raw materials, ensuring accurate and timely updates to your inventory.
Mobile accessibility
Opt for inventory management systems with mobile accessibility. This allows staff to update inventory data, perform audits, and monitor stock levels from anywhere on the manufacturing floor.
Manufacturing inventory software is inventory management software for the manufacturing industry.
It typically includes features that cater to the unique needs of manufacturing processes, such as:
- Real-time inventory tracking
- Production planning
- Material requirements planning (MRP)
- Order management
- Integration with e-commerce platforms
- Barcode scanning
- Automatic stock adjustments
- Reporting and analytics
Implementing manufacturing inventory management software can bring numerous benefits to businesses involved in production processes.
Here are some key advantages.
- Real-time visibility — Gain instant visibility into inventory levels, locations, and stock movement
- Optimized stock levels — Prevent overstock or stockouts by optimizing inventory based on demand forecasting
- Efficient production planning — Align production orders with actual demand and available resources for optimal planning
- Accurate order fulfillment — Fulfill customer orders accurately and on time, reducing errors and improving customer satisfaction
- Reduced holding costs — Minimize holding costs by managing stock levels efficiently and optimizing the use of storage space
- Enhanced traceability — Track and trace materials and products throughout the manufacturing process for compliance and quality control
- Streamlined workflows — Integrate inventory management with production processes to streamline workflows and reduce manual paperwork
- Improved accuracy — Automate data entry processes with barcode scanning to reduce errors and enhance inventory record accuracy
- Better supplier collaboration — Collaborate effectively with suppliers by sharing real-time inventory data for timely replenishment
- Data-driven decisions — Make informed decisions based on accurate and up-to-date inventory data
Get visibility over your sales and stock
Wave goodbye to uncertainty by using Katana Cloud Inventory for total inventory control
