Inventory Management for Manufacturing

Do you have digital ambitions for your company and lack coordination between the inventory management and manufacturing process? Rackbeat’s inventory management software helps streamline the utilization of your resources, including employees, time and materials, to optimize your production.

Get a solid grasp of all activities influencing the creation of the finished product, including purchasing, receiving, assembling and dispatching your products. Rackbeat streamlines the manufacturing process, ensuring that your production aligns with sales and inventory operations.

Boost Your Manufacturing with Rackbeat's Inventory Software

Numerous small processes must align for your customers to receive their orders on time and for the wheels of production to keep turning. Some involve managing your product flow to ensure the availability of goods to start a new production. Others depend on having a comprehensive overview of your orders and the materials that make up the final product. Rackbeat connects the small manufacturing processes by providing:

Real-Time Inventory Updates

To avoid production stops, it is crucial that you always have a snapshot of your inventory, ensuring that you have enough goods to initiate production. Rackbeat updates your inventory every time you record a product receipt or make a sale – and you can even receive re-stock reminders when the minimum threshold for a specific item is reached.

The Full Production Overview

Access completed and ongoing production orders anytime – whether you’re on the warehouse floor, on the go or in an office chair. In the production overview, you can see all your order numbers, products, customers, the employee overseeing production, production status and the expected delivery date. If specific items are needed in order to complete the manufacturing of a product, you can even make a purchase from here.

Bill of Materials

Most manufactured orders consist of assembled components, and Rackbeat lets you keep track of them by allowing the creation of bills of materials. For example, if you’re assembling a bicycle, you can create a bill of materials with all the products involved in production: handlebars, wheels, chain, pedals, etc. Simultaneously, you can see how many are in stock, in order, the sales price, the cost price, etc.

Why You Should Use an Inventory System for Your Production Planning

If you choose to consolidate your entire production flow in an inventory management system instead of spreadsheets, you optimize the throughput time in your manufacturing. This means that you can quickly identify deviations and delays in your manufacturing, avoiding situations where minor errors become very costly.

By having a constantly updated overview of your manufacturing, you will never produce more than needed. At the same time, you will be notified every time you need to make new finished goods. If an order is placed for an item not currently in stock, Rackbeat alerts you that a purchase is necessary to fulfill the order. You will therefore find many advantages to choosing an inventory management system over a spreadsheet for your manufacturing, such as:

Savings on man-hours spent maintaining the spreadsheet, as an inventory management system automates the registration of your stock movements

Streamlining of production, as relevant employees can have a comprehensive overview of manufacturing without having to struggle with spreadsheet formulas

Assistance in figuring out how to make the most of your production capacity, as you can generate reports on sales, production orders and purchases

The option to integrate manufacturing with the warehouse, shipping, accounting system, online store, etc., so you don't have to do double or triple work to update all your systems

Missing Oversight of Your Manufacturing? Lars Doesn’t Anymore

“We don’t sell anything that isn’t created in Rackbeat. Not at all. Because then you can always go back and see what the customer got six months ago. What did he pay for it, what were the measurements?

Inside Rackbeat, I create something called a production order. And it describes what I sold and the delivery dates for the orders. All invoices are made in Rackbeat, and all finished goods warehouses are also managed in Rackbeat.” – Lars Ingemann from HC Betonelementer.

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How Can We Elevate Your Specific Business?

No two companies are alike. For some, it is essential to be able to trace individual items involved in production, such as batches or serial numbers. Others absolutely need bills of materials or product assemblies to optimize production.

Therefore, we recommend that you have an informal conversation with one of our product specialists so that we can tailor your production management to your needs. Following that, you will receive an online presentation of Rackbeat based on your brief discussion.

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