5 Reasons Why You Need Materials Management Software

Did you know that retailers in the United States have gathered unsold inventory worth $740 billion, underscoring the necessity for thorough inventory management practices?

Running an asset-intensive business squarely depends on how effectively you manage your materials and inventory. Functional and optimized inventory management or materials management ensures timely availability of resources, preventing unplanned downtime. It also lowers costs by eliminating the need for abrupt purchases. All of which are important contributors to the overall success of your organization.

Imagine an unplanned downtime scenario necessitating a replacement of equipment or a change of a part. Today’s disturbed operations and dynamic workforces make it almost impossible to keep track of resource availability. This is where the materials management module of a computerized maintenance management system (CMMS) comes into play. It assists you in:

There are many benefits of integrating a material management tool into the asset maintenance mix. Of these benefits, below are 5 primary reasons why materials management can be the best solution for your enterprise and its associated assets.

1. Improved inventory accuracy

Materials management for an enterprise is tedious, to say the least. Various parts and materials can be required at varying intervals or at the same time. Navigating this complex situation during peak operating hours results in downtime and financial loss. The implementation of material management software will give real-time visibility into the available materials and parts in their inventory, preventing overstocking and understocking.

2. Streamlined procurement process

One key feature of material management software is expediting the procurement process. When inventory levels are up-to-date with real-time and accurate information, navigating this becomes seamless and paperless. And that is how a CMMS for materials management helps. It paves the way for the automation of procurement, eliminating manual intervention, minimizing errors, and saving time and effort.

3. Predictive maintenance planning

As stated, unplanned downtime is a major challenge for industries with high-volume assets. A proactive maintenance plan is a crucial step to prevent this and stay ahead of repairs and exchanges. To facilitate this, material management software features certain functionalities that help you be prepared as per the preventive maintenance schedule.

4. Cost reduction

Asset management is an expensive operation where repairs, maintenance, and replacements are unavoidable and expected. From controlling inventory management to streamlining supply chain management, material management software can drastically reduce expenses.

5. Specialize in asset and tool tracking

Maintaining and monitoring critical, high-usage, and specialized assets is essential for effective daily operations and improving business productivity. Managing high-value assets can be demanding and challenging, as they require meticulous attention to their hours of operation, current operating performance, and other information related to their caliber and health. Materials management tools take care of all of this, ensuring the equipment's overall productivity and performance.

WebTMA – EAM software with a comprehensive materials management capability

It's crucial to adopt a user-friendly and intuitive CMMS that enables seamless monitoring and management of materials and inventory from any location. WebTMA and its mobile equivalent mobileTMA GO have been crafted to make the lives of facility managers a tad easier. With over 30 years of experience, TMA has been a trusted provider of reliable and intelligent facility management software solutions.

Get a demo to experience excellence firsthand.

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