Defining Real Time System• An IT enabled system that is able to provide necessary information to its

users, as sooner as things are rolled on.

• In addition to the financial and information flows, there is a significant physical flow between supply chain members including raw materials, work-in-process inventories, finished products, and returned items.

• Managing these flows effectively and efficiently requires a systems approach to successfully identify, analyze, and coordinate the interactions among the entities.

• Attaining supply chain integration is not an easy task. This becomes all the more challenging for a large group as the number of people and processes increases.

The Need For Real Time System

• To bridge the gap between the actual production and the production figures mentioned in the status reports

• To ensure data accuracy, by minimizing the chances of error while data compilation.

• Data analysis is a cumbersome task, and a robust shop floor control system can help in efficient data compilation and reporting.

• Real Time shop floor production tracing system can play very important role providing information and reports of various activities on real time basis.

• Inaccurate information results in wrong inventory estimates leading to bullwhip effect.

• Lack of visibility reduces the real time traceability of the inventory which results in the very common problems of obsolescence of the inventory, overstocks of the existing inventory in the stores and stock outs of the running inventory which is in demand.

• Helps retailers to make smarter more informed decisions regarding their stock levels.

• For example: the use of RFID on sewing floor helps in tracking operations and generating reports that enable remedial actions against bottleneck operations and reward high performing operators.

The Need For Real Time System

• When it comes to retailing, in-store business intelligence, with the use of real-time, affordable visual intelligence, today’s retailers can clearly see the path to understanding daily activity in the store and maximizing the use of every square foot.

• New data from network-based video, combined with data from existing sources, presented in easy-to-use reports, will drive more targeted decisions about merchandising and promoting products, directing traffic more effectively through the store and maintaining best-in-class customer service at all touch points.

• However, a lot of area is still to be explored in the industry and it leaves scope for a lot of improvement as far as real time information sharing is concerned in apparel industry.

The Need For Real Time System

For an elaborate insight on the topic, visit www.stitchdiary.com