Most business intelligence (BI) tools and supply chain management (SCM) applications address inventory issues from either a software perspective or a material handling perspective; however there is nothing on the market that binds both hardware and software solutions together to form a complete end-to-end solution for managing inventory. For example, SCM applications typically require that the user enter either shrink or scrap factors into the system. This injects inaccuracies that have an accumulating effect over time. The difficulty lies in the complexity of moving inventory through a variety of stages through the production process where there are no transactional requirements or no validation of transactions that take place.

This article was taken from Global SMT & Packaging Vol. 6 No. 10 - November/December 2006

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Keywords : Bob Douglas, inventory control, inventory management, supply chain management, business intelligence, material handling

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