Inventory and on-time delivery are two major factors that show that your processes may require transformational change. These issues could lead to long production meetings chasing late orders or raw materials. They could also lead to ad-hoc arrangements and process inefficiencies that might be the implications of the band-aid solutions implemented to cure short-term operational problems. Having accurate inventory and a controlled supply chain requires a holistic understanding of the processes and data.
In today's episode, our guest, Paul Vragel, shares his insights into the operational challenges and quick fixes to deliver desired KPIs for a chemical company. He discusses the core challenges, such as releasing the order to the production floor without checking the critical components and starting the setup operation, and how inventory accuracy could impact the operations of a company. Finally, he shares his insights into why the ad-hoc arrangements, such as creating lost inventory, may not be the best solution to fix your core problems.
For more information on growth strategies for SMBs using ERP and digital transformation, visit our community at wbs.rocks or elevatiq.com. To ensure that you never miss an episode of the WBS podcast, subscribe on your favorite podcasting platform.