Orders for U.S. manufactured goods rose slightly more than economists expected in February, which suggests the economy will continue its recovery as spring gets underway, according to Reuters. The Commerce Department report refers specifically to durable goods, which include everything from appliances to airplanes - any products intended to last more than three years.
The durable goods report showed that shipments rose by 0.9 percent in February along with a slight increase in unfilled orders. Both categories had seen two straight months of decline before the February boost. Orders for primary and fabricated metal products also saw modest gains.
As Recovery Gains Speed, So Should Data Collection
While recent increases aren't huge, they do illustrate the recovery in the manufacturing sector and the need for supply chain managers to be ready. For organizations that reduced staff or production in recent years, it could be time to ramp back again. To do this effectively requires real-time data collection solutions that can help enterprises analyze production and processes to meet increasing demand.
With more business on the horizon, companies that have not taken advantage of automated data collection should consider doing so now. The return on investment can be realized quickly as errors are reduced, efficiency is increased and inventory control reaches levels unattainable with paper-based systems. Organizations can also take advantage of this technology regardless of what ERP system they use.
When data collection is integrated with existing ERP systems, it is even easier to see how changes and interruptions on the warehouse floor impact the entire organization. When making the case for a technological upgrade in the warehouse, supply chain managers can explain that information harvested will be useful throughout the enterprise.