Because Managing Materials Can Be as Complex As Herding Cats

“Art is manipulation, the management of material, the directing of fate… Who does that directing?”

Arguably, Material Management is one of the most important components of Supply Chain Management because of its ability to regulate the entire lifecycle of inventory – right from the time the purchase is ordered till it eventually reaches the destination company.

Inevitably, this includes planning, staffing, scheduling, inventory control, organization and controlling the entire lifecycle.

The different stages involved in material management can be better understood from the diagram below:

Why is it needed?

While material management sounds like ‘just another’ process of any high-stakes enterprise (which it is), there is more to it than meets the eye. The reason why material management is indispensable is that it is precisely in this phase that most money and materials get wasted.

Material mismanagement, even in meagre quantities, translates into massive losses for a company.  In fact, it is suggested that an average billion-dollar company tends to lose $130 million annually on poor data/material management.

The traditional approach of relying on a designated supply chain management professional still has its value, but given the evolving business landscape and cut-throat competition, companies are realizing the urgency of technology-driven material management software that lowers cost, boosts productivity and simplifies tedious processes.

Zenscale Material Management – A System That Drives Results

Zenscale supply chain software is not your regular, run of the mill software that does what it is expected to do; it goes beyond expectations and makes life easier for all stakeholders involved in a transaction.

It incorporates a comprehensive logistics tracking system that follows the full-spectrum transfer of materials from the manufacturer to the consumer.

A Few Features:

• Inventory Tracking:

  This is one must feature of material management software which tracks your inventory levels in a way you need it to involving how much you have received, orders that have been filled, if you need to order more and at what time, etc.

• Order Management:

  This feature enables the organization to execute different tasks like managing sales & purchase, tracking orders, controlling stock levels and invoicing their clients, etc. on a single software system.

• Stock Movements Management:

  Such an intelligent system effortlessly records raw material consumption, produced stock for sales purpose, stock transfer to different locations and stock wastage, etc. Moreover, it authorizes you to assign some inventory management rights to specific staff resisting them from accessing anything else within your private software system.

• Branch Transfer:

  This constructive feature records the information of material movements from parent location to child location.

• Automatic Pricing:

  Automatic pricing makes setting the MRP of products a onetime task which facilitates an easier sales process for both customer and seller.

 

Crucial aspects of material management, including assigning department, material and creating vendor can be managed from the masters section under the material management module.

Benefits:

• Automates material management
• Extremely easy to use
• Optimizes end-to-end efficiency
• Cloud-powered technology
• Eliminates error-prone manual processes
• On-demand reporting in real-time
• Saves time and money
• Full-spectrum control over inventory
• Tracks/controls inventory purchase, delivery and monitoring in a cost-effective manner
• Seamless integration of materials with purchase orders
• Track sales tax and other charges
• Data visualization of material control/delivery/management via visually compelling charts
• Complete visibility into inventory usage
• Detect and prevent areas of material wastage
• Easily explains where and how a material is utilized