Today's chemical companies need to have robust solutions for inventory control. Companies must manage inventory at multiple levels because of the changing market, increased customer demand for new products, and the global competitive landscape.
Master Data Governance can help you transform the production, compliance, and efficiency of your chemical company.
Consider using a solution that was designed specifically to meet the unique needs of chemical manufacturing when it comes to controlling inventory in the chemicals industry.
Compliance
A solution must address the many guidelines set forth by federal and international agencies that regulate chemical manufacturing. These guidelines require that you track and measure inventory, provide details about products, materials and by products, and ensure the transportation and handling of these materials.
Quality and accuracy
Customers demand precise batches and high quality. Using the correct materials, proper labelling, measurements, and yield analysis, ensures that consistent manufacturing standards are met, and warehouse inventory is efficiently used.
Track and trace Functionality
Inventory optimization starts with proper identification and documentation. These are essential in the event of a recall. You should be able track and trace ingredients and products in your inventory management system. This will ensure that you can identify the source and take any necessary actions to improve inventory.
Choosing the right solution for your chemical ERP system is an important step. PiLog helps our clients by understanding their needs and pain points. We help companies optimize their inventory that are piling up with YoY increase in inventory hoarding, sourcing, procurement and transportation costs and increased risk of supply chain sustenance.
