Having a reliable inventory means balancing your fleet.

September 4, 2020

Industry today is facing unprecedented transformation challenges. Increasingly impacted by the fluctuations of global markets, companies need to evolve their processes to be more agile and above all more proactive.

Industry today is facing unprecedented transformation challenges. Increasingly impacted by the fluctuations of global markets, companies must evolve their processes to be more agile, and above all, more proactive. As you know, companies need to be flawless in their networked asset management in order to align production with market requirements. 

To do so, we will address a crucial subject in the management of its supply chain: inventory.

Having a reliable inventory: why? 

Inventory is a central process, providing the company with an overview of its business and transport capacity. Digitalised and automated, inventory allows you to increase efficiency and meet your commitments to your customers. 

However, for many Supply Chain actors, inventories are still processes that require a significant mobilisation of resources, both material and human. How can you be sure that you have enough assets available on your loading sites to be able to meet future orders, while keeping a reasonable safety margin on the size of the fleet?

Lack of equipment at loading sites can result from the following cases, so it is important to be able to detect them.

How to balance your resources? 

In summary, the main challenge of the inventory is to balance resources to ensure optimal service quality .

While the availability of equipment is a prerequisite for the smooth running of logistics, inventory imbalances appear quite quickly between factories, on flows that are mostly complex and long.

Let's take the example of Saint Gobain Glass: each of the 18 factories must have a minimum number of trestles of each type ready for use at all times: no trestle, no delivery!

It is therefore necessary for the operational teams to have a global inventory, providing reliable and up-to-date information. 

One of the solutions to avoid these load carrier shortages is to have real time visibility on the number of assets on each load site by asset type.

There are a number of real-time visibility platforms on the market to address this issue. They can provide relevant information on possible retentions. It is then possible to adjust internal logistics and avoid under-utilisation of the fleet. 

Adopting a real-time visibility solution means rapid gains, but it is important to choose it carefully. The reliability of the information, the technologies used, the intelligence provided beyond a simple point on a map are all factors to be taken into account.

The more relevant the information, the more you save your operational teams from many tedious searches for additional physical information. You will then obtain a better operational productivity and a better management of your fleet. Having this real-time information allows you to be reactive to any incident or logistical deviation. But today, the main challenge is to be proactive....

Go from reactive to proactive

Our Supply Chain Visibility platform allows you to centralise real-time information on the status of your supply chain. The source of this real-time information comes from a catalogue of IoT sensors that save time on physical inventories.

Go even further with predictive alerts to anticipate availability shortages. This is done by configuring critical min/max thresholds by site of interest and by type of equipment, then predicting inventories over several days.

The Everysens platform therefore allows you to finely control the availability of assets and to be more proactive in the use of your equipment and their inter-agency sharing. 

Not sure yet? Schedule a meeting with our team.