Have you ever wondered how life would be if we could test all of our decisions before we made them? What about if you could look back on decisions you made a year ago and simulate how a different decision would have impacted the results? Having these options would be like having a crystal ball […]
Category: Inventory Management
How Intelligent Inventory Management Supports Existing ERP Systems
For many manufacturers, there’s a significant amount of trust put into their enterprise resource planning (ERP) systems to handle every aspect of inventory management. And why wouldn’t there be? With the cost to maintain their ERP systems each year, it only makes sense to assume the system is sophisticated enough to ensure service parts planning […]
The Importance of Optimizing Inventory Today to Prepare for the Future
As new product sales continue to wane worldwide, it’s clear that manufacturers need to start shifting their focus from solely selling products to selling the usage of those products to stay competitive. This shift is known as servitization – and it’s completely revolutionizing the way we buy and consume everything from clothing to cars to […]
Why OEMs Should Choose a Growing Service Parts Planning Provider
When it comes to service parts planning, it can be tempting for original equipment manufacturers (OEMs) to go with a traditional inventory planning solution that seemingly covers all the bases. But, in fact, the opposite is true: finding a growing inventory planning provider that focuses on after-sales service is the best choice for OEMs. Why […]
Why Investing in a Sophisticated Inventory Management Solution is Time-Critical
With after-sales service becoming an increasingly important and strategic focus area for manufacturers around the world, why is it that so many organizations are resisting investing in solutions dedicated solely to its optimization? OEMs that continue to rely on homegrown parts planning solutions face hidden costs from capital, service, time and resources. And what they […]
Service Data: How Top Companies are Killing the Predictive Service Game
Here at the 2018 Smarter Services™ Symposium, hosted by the Service Council in Chicago, Illinois, we’re drawing inspiration out of everything from powerful keynotes to collaboration clad workshops, and here on the blog we’re sharing some of the greatest service takeaways for the remainder of the year. Monday, we led a breakout roundtable on service […]
Market Fluctuation Opens Doors for Heavy Truck Manufacturers
In the heavy truck industry, orders for new products continue to fluctuate. Orders for Class 8 trucks soared in September, while demand for medium-duty trucks remained stagnant, and analysis from ACT Research indicated that September’s order volume for North American Class 8 trucks increased 62 percent year-over-year. The market is poised to continue to grow […]
Aerospace Soars with the Help of Inventory Management
Syncron is changing the way aftermarket inventory is being managed for the aerospace industry. By leveraging years of experience in the automotive, construction and mining spaces, the company has built a visionary suite of supply chain solutions that can add value to any aerospace company dependent on the availability of spare parts. Inventory Management and […]
Pan-European Railway Platform Summary
On October 7th, 2015 in Frankfurt, Germany, Syncron in coordination with DB Fahrzeuginstandhaltung GmbH, held the Pan European Railway Platform. This year’s platform covered the optimization of MRO parts planning; virtual warehousing for continuous availability of slow-moving and expensive parts; best-in-class planning through exceptions and redistribution; and working with dynamic lead times. Attendees had the […]
5 Ways Using Your ERP System for Service Parts Inventory Management is Creating Hidden Costs
With the mammoth investments companies make in their ERP systems, you may rest easy and assume that your service parts inventory management is being taken care of by your company’s ERP system. However, aftermarket companies that are resisting investing in inventory management solutions are typically incurring costs, such as capital, service, time and resources. These […]