See how manufacturing execution systems like Prodsmart make it easy to track inventory metrics on mobile devices.
More than 5 billion people worldwide have mobile devices — and smartphones make up half of all of these connections. However, many manufacturers don’t realize that they can still keep track of production processes on their smartphones, even when they are on the other side of the world.
Manufacturing execution systems like Prodsmart makes it easy to control inventory, schedule maintenance tasks, communicate with team members, and track workers’ performance with a few swipes of a finger. All you need is a smartphone, and you’re good to go.
Here are three important inventory metrics you can easily track on mobile devices with Prodsmart:
1. Anticipated Demand
This metric lets you anticipate demand for your products from consumers and clients on your phone. It’s an excellent idea to track this metric if you’re away from your workplace but still need to keep an eye on your inventory stock.
Using historical data and predictive analytics, anticipated demand metrics help you make smarter decisions about your organization’s stock control. As a result, you can order more raw materials or hire staff to cope with increased demand at certain times of the year.
This metric makes it simple to track the time it takes for products to reach your customers or clients from the shop floor. Speed-to-delivery times are an essential metric as they determine how good you are at fulfilling orders.
Like many other metrics, speed-to-delivery data can be confusing. That’s why it’s a good idea to use a manufacturing execution system that utilizes visuals, like Prodsmart. This way, you can visualize complicated data sets and make more accurate predictions about logistics. Research shows that the human brain responds much better to visual information than to regular text.
3. Daily, Weekly, Monthly, and Quarterly Sales
Sales are one of the most important metrics to track on your mobile. Whether you follow sales on a daily, weekly, monthly, or quarterly basis, you can view the latest sales data directly on your smartphone without using a laptop or desktop.
Sales metrics will provide you with the information you need to grow your business. Sure, you can still rely on manual methods, but you won’t have the same level of accuracy.
Ready to start tracking your inventory metrics on mobile? Try Prodsmart today!