How do Multinational Companies Manage Stock and Resources Across Different Hubs Over Massive Distances?

Written By Alla Levin
September 18, 2018
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The bigger a company gets; the more management finesse is required. There’re many moving pieces swirling around all at once, and many of them are stock and resources.

Simplification is desired here, and it’s something that technology is time and again purposed to do. Streamlining processes is the priority now, and it’s something all the big businesses are constantly striving for.

Consequently, here’s how multinational companies manage their stock and resources with acute precision across the globe.

Tracking and Control

Inventory control is vital, and there can be no grey areas in its function. If anything goes unexplainably missing even for a moment, productivity can be stalled, money lost, jobs jeopardized, and company reputations sullied beyond repair.

Should it happen frequently enough, people will steer clear of the business burdened by its negligence.

Consequently, fitted tracking devices are a vital part of managing stock and resources well, especially over massive distances.

It allows those in control to check that their stock has got from point A to point B if it requires any transit, as well as locate the specific items that they need to find. Not only this, but it can also heighten communications, reduce labor costs and theft and help employers stay on top of things.

Value CategorisationManage Stock and Resources Across Different Hubs Over Massive Distances

With widespread stock and resources, priorities can get lost in translation. The organization is required, but it can often get mixed up regarding what other people think is essential and what isn’t.

In this instance, many multinational companies refer back to their single, unifying goal; making money.

Therefore, stock and resources are often organized solely based on their value; what’s highly valuable, and what share can we afford to lose. This segmentation means that what’s essential is patently branded so, and more readily accessible.

Obsolete stock, the low-value stock, is also useful as it can help companies plan on selling resources they don’t need and replacing it all with more viable stock reserves.

Computerised Maintenance Management System

When a company has stock and resources all around the world, a paper trail of it all would be unfeasible.

Asset registers and warranty checks would be unruly and uncontrollable, and the people left in charge of it all wouldn’t have the first clue of how to reign in all the data into a single piece of comprehensible information.

However, thanks to technology, the wealth of stock and resources data can be accumulated on a single yet effective platform, making things easier for everybody.

A Computerised Maintenance Management System (CMMS) means that all the information can be audited and assessed freely and easily regardless of distance, as well as stored safely and securely. All in all, there’s no better management solution out there.

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