Managing cost, quality and traceability in fabricated metals manufacturing
The Asia-Pacific region has one of the largest number of fabricated metals manufacturers in the world. Cost efficiency, quality management and traceability are major issues for companies in this region. Many governments are also offering incentives for manufacturers to invest in energy-efficient solutions. The question company managers face is what software solution can help them […]
The role of inventory management and inventory optimization in ERP
Inventory management and inventory optimization in ERP is important because it provides a buffer to balance out the uncertainties between demand and supply. However, while it can be viewed positively, holding inventory also creates problems. Physical space used by stock comes at a cost – inventory ties up cash and working capital which could be […]
Leveraging the power of ERP to optimize inventory management
Manufacturers and distributors can optimize their inventory management using some of the latest emerging technologies, including machine learning, data analytics, artificial intelligence, and cloud computing. Using proven inventory management processes, supply chain design, and planning helps optimize your stock. Whatever inventory management methodology is chosen, the realization that supply chains are vulnerable will require a […]
Applying MRP with ERP in a modern manufacturing environment
Material Requirements Planning for a modern manufacturing environment Material Requirements Planning (MRP) is software that helps companies estimate the required quantities of raw materials, maintain inventory levels, and ensure manufacturing has all the items needed to make products to satisfy demand. MRP is one of the early inventory management systems and has been widely adopted […]
Optimizing shop floor processes with Manufacturing Operations Management
Today’s manufacturers face many challenges in a business context complicated by factors such as ongoing loadshedding, soaring raw material prices, managing shop floor processes, and a weak economy. Manufacturers already understand that digital technologies are transforming the way the industry operates, particularly in improving efficiencies and driving higher levels of business performance. Technology solutions such […]
The steps to implement quality management in manufacturing
Quality management (QM) ensures products are delivered to a specific quality standard and that processes maintain those standards. It can also help to reduce costs, rework and scrap. To be effective it requires not only investment in time and resources but also support from the top floor to the shop floor. Manufacturers who want to […]
Calculating an ROI for your ERP investment: Where to look for tangible benefits
In one of my previous blogs, “The Importance of Building a Business Case for ERP,” we looked at the significance of strategic planning and creating a solid business case before embarking on an Enterprise Resource Planning (ERP) implementation journey. Building your business case gives you an incredible opportunity to examine your existing operations very closely. […]
Why small businesses should invest in ERP
Large enterprises have long understood the benefits of ERP technology in essential processes such as procurement, planning and inventory control, but for smaller businesses, it can feel like an unnecessary or extravagant investment. However, there is a compelling case to be made for small businesses to consider implementing ERP software. By digitising, streamlining and automating […]
The importance of building a business case for ERP
Implementing an Enterprise Resource Planning (ERP) system is a great place to start digitization of your manufacturing or distribution business to centralize all your data and streamline your operations for greater efficiency. However, various studies indicate that 70-90% of digital transformation initiatives fail. A major reason for this is that organizations jump straight into selecting […]
How to secure your ERP system
Manufacturers depend on their ERP system to optimize business processes, unify their different functions and platforms, and provide them with information to make decisions. But with ransomware and cyberattacks on the rise, securing the ERP system is now becoming a top priority. Why are ERP systems attacked? ERP systems contain very important and confidential information. […]