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Asset management vs. parts inventory management: What’s the difference?

IBM Business Partners

But they aren’t always clear on the strategic opportunities around parts inventory management and the role it plays in maintenance strategy. Parts inventory management, on the other hand, deals with items the company needs to successfully repair an asset that’s broken down.

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NetSuite for Manufacturing: AI-Powered Operational Excellence

Amzur

Today’s manufacturers are wielding the double-edged sword of cloud-based solutions and artificial intelligence (AI) to achieve operational excellence. But NetSuite isn’t just another enterprise resource planning (ERP) software; it’s a platform specifically designed to cater to the unique demands of manufacturing.

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Technology Trends in the Manufacturing Industry

Transperfect

At its core, the manufacturing industry relies on technology to function—especially in the twenty-first century. With the dawn and rise of Industry 4.0 , manufacturing is seeing new technologies being integrated into workflows that enable quicker production, cost savings, and overall efficiencies. Predictive Maintenance. Maintenance.

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Inventory management challenges – the role of analytics and AI

Capgemini

Inventory management challenges – the role of analytics and AI Fredrik Almhöjd Feb 16, 2024 Facebook Linkedin Confronted with alarming automotive industry supply chain disruption, OEMs have recently tended to respond by stockpiling additional components. What else can truck OEMs do to increase resilience without tying up capital?

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Six Challenges to Navigate When Shifting From Wholesale to Direct-to-Consumer Models

Perficient Digital Transformation

While the move brings manufacturing companies closer to end consumers, it also requires several considerations spanning content creation, post-purchase support, and overall brand experience. Unlike conventional ERP solutions, these rules often reside within an Order Management System (OMS).

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Smart manufacturing technology is transforming mass production

IBM Business Partners

Smart manufacturing (SM)—the use of advanced, highly integrated technologies in manufacturing processes—is revolutionizing how companies operate. Smart manufacturing, as part of the digital transformation of Industry 4.0 , deploys a combination of emerging technologies and diagnostic tools (e.g.,

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How the Proper Product Information Management (PIM) System Can Boost Sales During the Holiday Season

Perficient Digital Transformation

Efficient Inventory Management Effective inventory management is essential during the holiday season to meet high demand and avoid stockouts or overstock situations. PIM systems can integrate with inventory management systems to provide real-time updates on product availability.

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