Behind the scenes, you have to determine whether you have the right materials in stock and how to estimate scrap or remnants. Getting it wrong can be a costly mistake.
Steel service centers have evolved over time, offering more value-added services to customers. Many businesses aren’t just slitting or cutting, they are providing a variety of other services from fabrication to kit assembly. Expediting processes, reducing cycle time and getting finished products to customers faster requires modern software solutions which are not exclusive to larger enterprises with deep pockets. Robust, innovative steel technology is more affordable than you think and will help you provide new value to your business and your customers.
The metals industry is challenged by an economy in flux and changing customer demands, which puts added pressure for steel service centers and manufacturers to tighten up inventory control and financial management procedures. Aging inventory and aging receivables, scrap, and returns from demanding customers can be detrimental to the bottom line. Innovation and investment in technology is a common theme for businesses struggling to compete profitably in this fluctuating industry.
An affordable management solution, like RealSTEEL, can provide greater control over operations and support the value-added services you provide customers.
RealSTEEL is a powerful ERP software solution for the steel and metals industry that was designed to meet the unique needs of businesses in this competitive industry. Businesses can gain greater control and visibility throughout financial operations, inventory and purchasing, warehouse management, production and sales activities.
With RealSTEEL, business leaders gain a 360-degree view into materials and labor costs, overhead, and outside processing costs. Know exactly what’s in the warehouse with real-time inventory tracking. Monitor aging or trending inventory, determine what inventory is earmarked for customers, then make data-driven purchasing decisions that optimize profit margins and reduce waste.
Time-saving automation and workflows built into RealSTEEL improve productivity and quick access to reliable data arms managers with the information necessary to increase revenue, without giving away the bank. RealSTEEL can streamline operations, reduce wasteful practices and spending, and support efforts to deliver high quality products to demanding consumers. The time and money you save can be reinvested into your business and carry you through other important initiatives.
Contact us for more information about using a modern management solution, like RealSTEEL, to innovate and drive growth in today’s challenging metals industry.
By The Wolcott Group, providers of RealSTEEL, a ‘real world’ solution for the steel and metals industry.