Professional Documents
Culture Documents
Different Ways Used by Samsung To Manage Its Inventory Are
Different Ways Used by Samsung To Manage Its Inventory Are
Smarter Procurement
Plant managers in smart factories can access the scheduling of batch production
processes and ensure all systems are going for each. In lean manufacturing, the
shop floor worker will scan all raw goods used for a process with the help of
a barcode scanner attached to a mobile device like the Samsung Galaxy Tab
Active2, and such an action can automatically pull up the inventory management
software. When a threshold for a product is reached, a trigger programmed by
manufacturing personnel can determine when the raw material will be needed
again and create a purchase order, which can be routed to the back office and to
a plant manager’s mobile device. With a stylus-enabled device such as
the Samsung Galaxy Note9, a manager can sign the order and send it to the
supplier.
Scanning barcodes on finished goods as they move from the production line to
distribution warehouses relays real-time information about inventory, which can
be especially useful during peak demand.
Since inventory management founded on lean manufacturing principles will
provide complete transparency across all silos, scheduling can be ramped up or
scaled down depending on warehouse stock. Such inventory management also
allows OEMs to accept specialty orders for a diverse array of customers, thereby
adopting even more of a customer-centric approach.
In the smart factory of the future, data from a variety of such sources will be
streamed in real time to the ERP software, and machine learning algorithms will
correct production schedules and move inventory back and forth intelligently in
real time.
Mobile devices play a critical role in inventory management all along the supply
chain. They can scan barcodes and RFID tags and monitor flow of raw materials
and components, work in progress and finished goods, thereby keeping a tight
control on inventory and ensuring an agile smart factory.
Citation
https://www.scribd.com/doc/310646848/Inventory-Management-of-Samsung
https://insights.samsung.com/manufacturing/