The Material Handling Equipment (MHE) industry often faces challenges like equipment downtime, inefficient inventory management, and manual documentation processes. These slow down productivity and increase operational costs. Additionally, the lack of real-time visibility into procurement and stock levels can slow decision-making and lead to delays.
In this blog post, we will learn how TranZact can help the MHE industry take control of processes from enquiry to dispatch.
What is Material Handling Equipment Industry?
The Material Handling Equipment (MHE) industry designs, manufactures, and supplies machinery used to handle, move, store, and control materials across various stages of production, distribution, and warehousing. This includes equipment like conveyors, forklifts, cranes, and automated storage systems, which help streamline operations and improve efficiency in factories, warehouses, and logistics hubs.
The industry is quickly growing, integrating automation and smart technology to meet the growing demand for efficient, cost-effective solutions.
To understand better, read here Material Handling Equipment: Types, Use Cases, and Application.
How Can TranZact Help Material Handling Industry?
TranZact is a software designed for Indian SME Manufacturers to improve processes. Using TranZact, you can digitse all manufacturing processes from enquiry to dispatch. It has 5 solutions:
- Sales
- Purchase
- Inventory
- Production
- Planning
Each solution offers features to SME manufacturers to automate processes. For example, it allows you to check the quality of procured materials using GRN and organize them in warehouses according to their values, sizes, source of supply, and other specifications using warehouse management.
You can track all inventory in real-time, including outsourced and semi-finished goods, with TranZact. It also allows you to access details of your material handling equipment manufacturing using dashboard. With TranZact, you can control the movement of materials from multiple warehouses and maintain their quality standards.
Understand 5 Common Mistakes in Material Handling Equipment Manufacturing.
Important Features of TranZact for MHE Industry
Below are some of the most common features of TranZact that can help MHE manufacturer increase business productivity.
Material Requirements Planning (MRP)
MRP is a way to calculate the required raw materials and other products to achieve production targets. It helps you purchase the right materials at the right time and in the right quantities. TranZact helps you purchase raw materials after making a detailed production plan and reduces inventory holding costs.
Inventory Management
Inventory management in TranZact helps you avoid stockouts and overstocking. It also helps you maintain the quality of materials when stored in warehouses. You can set min/max levels and auto-alerts fro reordering. TranZact also allows you to register multiple warehouses. It also allows you to track all the details of materials in real time to avoid disruptions in production and improve order management.
Production Planning
Production planning in material handling helps you set production rates and work orders according to customer demands. TranZact’s production planning software helps you analyze previous and real-time data to set the right production target according to your business capacity. It also helps you distribute resources effectively to reduce waste and increase production efficiency.
Multi-level Bill of Materials (BOM)
BOM costing helps you calculate the total costs required to achieve your production target and calculate the accurate costs of finished goods. TranZact allows you to create multi-level BOM for even more accuarte costing. You can calculate material costs by evaluating each process. You can also link BOMs with work orders so that no information is missed out.
Semi-Finished Goods Management
Semi-finished goods management is extremely important in MHE industry. TranZact allows you to track all the details of semi-finished goods in real time, including their location and status.
It also helps you conduct quantitative SFG (semi-finished goods) tests so that you can manufacture products according to the required quality standards. If there are rejected SFGs in the production lines, you can track their details in one place.
Job Work Outsourcing
Handling job work outsourcing is a major challenge for SME manufacturers. If you don’t manage your outsourced jobs effectively, it can cause delays and affect the quality of goods. TranZact allows you to easily track sub-contracting with its production module. It helps you improve coordination with your vendors to make sure that outsourced goods are being manufactured according to your specified quality standards.
Quality Control
TranZact’s helps you create GRNs and inwards upon receipt of goods. You can automatically check the quality of procured materials and conduct quantitative testing of semi-finished and finished goods. You should utilize these features in your purchasing and production processes to improve material handling efficiency.
Grow Your Material Handling Equipment Business With TranZact
From enquiry to dispatch, TranZact is a one-stop solution for material handling industries to manage everything using a centralized dashboard. You can create important documents such as POs, GRN, and invoices, manage enquiries, track purchases and sales, plan production, etc.
Implement TranZact in your business today to speed up processes, reduce errors, and control quality and costs to grow your manufacturing business.
FAQs
1. What is material handling, and why is it important in the industrial equipment industry?
Material handling is the purchasing, storing, and controlling the movement of raw materials, finished goods, and other products required in order fulfillment. It is important in the industrial equipment industry to reduce errors, waste, and downtime and improve quality control.
2. How does TranZact support Material Requirements Planning (MRP) in material handling?
TranZact generates accurate material requirements planning (MRP) reports based on your production requirements and improves your material handling in the MHE industry.
3. How can TranZact assist with Bill of Materials (BOM) costing and semi-finished goods management?
TranZact simplifies bill of materials (BOM) costing by automatically calculating the costs involved in each process and generating accurate estimates. It improves semi-finished goods management by tracking locations and real-time status.
4. In what ways does TranZact improve production planning in material handling?
TranZact improves production planning in material handling in the following ways:
- Real-time inventory details
- Cost analysis
- Timely procurement
- Accurate work orders
5. What features does TranZact offer for managing inventory in the material handling industry?
TranZact offers the following features to manage inventory in the material handling industry:
- Accurate stock levels
- Quality testing of materials
- Unique IDs of materials
- Suppliers details
- Reorder pointsAutomated alerts
