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3 Key Features for Manufacturing Software

There’s a lot of information generated by manufacturing businesses, such as parts, part numbers, inventory lists, invoices, and production planning details. Collecting, storing, and interpreting this information properly is the difference between a successful business and a failed one. But as businesses grow, this becomes impossible to do manually.

This is where manufacturing software like Spire comes into play. It makes tracking and reading your manufacturing business’ data incredibly simple and effective. Here are 3 key features you should be using in your manufacturing business.

1. Real-Time Data of Inventory

Real-time data in easy-to-read form is a must. Some of these data points you should already be entirely on top of: What stock do you have? How much of each item is available? If you have multiple locations, where is the inventory control situated?

But there are other data points that fall by the wayside which are perhaps even more important in the long run. Examples include how well is each item selling? How soon will you need to restock in order to keep up with customer demand? Do you need to bother restocking an item at all?

The ability to easily generate reports put all of this information at your fingertips.

2. Vendor History and Information

Keeping track of your vendors is almost as important as tracking your inventory. 

Reporting tools allow you to see all relevant vendor details at a glance. This includes contact information and shipping addresses, as well as purchase history, vendor balances, aging, and credit information.

This information allows you to see which vendors you want to create better business relations with, and which you might want to start to cut off.

3. Improved Costings Monitoring

Manufacturing involves many costs, from the raw materials, to purchases, to labor. But there are also less-obvious costs many manufacturing companies fail to take into account, such as scrap-to-yield factors.

Manufacturing software should give you accurate costing information for any job, to help ensure profitability. At every stage of the manufacturing process, you can see where money is being lost and tighten up processes accordingly.

Spire’s comprehensive range of features provides reporting tools to monitor key performance indicators and keep your business moving. Contact us to sign up for a free 30 day trial today.