New business model can spawn from inventory, warehouse management

////New business model can spawn from inventory, warehouse management
New technology is being adopted at a rapid pace within the manufacturing industry. Cathal Lathrop, an industry professional, wrote on EBN online that new warehouse and inventory management systems can help bring about a new business model for organizations which may be desperately in need of change. “The advent of cloud-based inventory management systems, which allow distributors to track and manage inventory from a single system across the globe and in real time, has also brought about more flexibility for materials management and warehousing/fulfillment teams by allowing real-time global access to inventory information and management,” he wrote. These systems can be developed in house or adopted from an inventory management system provider. Now that more customers are interested in these systems, there is a varied amount of new software available to the public. Multichannel Merchant said organizations may want to look for a warehouse management system that is able to give a visual main screen to allow managers and associates to spend more time working and less time figuring out the interface. To discuss Microsoft NAV solutions for manufacturing, join the Microsoft Dynamics NAV for Manufacturing LinkedIn group.