Reuters reports that the U.S. manufacturing industry saw its output slow in September, rising 0.1 percent in the month after seeing a gain of 0.5 percent in August. This could suggest there was less business spending in the end of the third quarter. Manufacturing makes up about 12 percent of the economy, so it is of great interest to make sure this sector is doing well. Businesses may want to adopt NAV barcode scanning or other similar tools to ensure they are doing as well as possible in these economic times.
"With manufacturing sector activity likely to moderate even further in October, on account of the fallout from the protracted government shutdown, we expect some of this unexpected buoyancy in industrial output to be surrendered next month," said Millan Mulraine, senior economist at TD Securities in New York.
TechTarget noted that there are some challenges to implementing inventory management software that businesses must look out for. One is having too many definitions of the same data, to which the news source said there must be data definitions to build an architecture that works across locations. Using an application to collect and reformat necessary information could be a worthwhile step.
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