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Learn how to improve inventory management by using software to improve real-time visibility.
In an asset-intensive organization, managing inventory often goes beyond keeping track of buildings and equipment, it also involves machinery maintenance, repair, and replacement, along with maintenance of infrastructure, physical plants, and rolling assets.
Managing assets and inventory using manual methods in an organization of any size is an inexact science. Using pencil and paper, phone calls and emails, spreadsheets, and calculators is time-consuming and error-prone. Still, you know you could drastically bolster your organization’s bottom line if you could learn how to improve inventory management — where is everything, who’s using what, when is a piece of equipment available, and what does a production facility need?
Further complicating oversight of these multiple components is the complexity of today’s technologies, which often involve multiple applications and an avalanche of data. Organizations rife with silos make managing assets and inventory even more challenging; communication organization-wide is more complex, and efficiency is minimal or completely eliminated.
Wouldn’t automation of inventory management process be great?”
There is such a solution. IBM Maximo Asset Management offers a single control point throughout your organization’s physical and mobile assets. Whether it’s a production facility in another state, a vehicle across town, or a generator in the basement of the building where you work, Maximo lets you monitor and track activity across your organization.
Maximo is a real-time solution that provides graphical insight into your organization’s assets and the know-how to improve inventory management through an easy-to-use dashboard. Maximo records data from the assets and inventory in your organization, allowing you to see at any point in time where an asset is, how it’s being used, what parts have been used in repairs in the past, what parts are currently available should an event occur and where those parts are located.
With Maximo providing unprecedented visibility across your organization’s enterprise, you can improve inventory management, allowing you to take advantage of opportunities for streamlining usage and distribution. Data recorded in Maximo also allows you to optimize purchasing and reordering; by supplying you with a record of parts inventories, costs, and usages, you can be more proactive in controlling expenses and better prepared when inventory is needed.