The smart factory Part 1: Digitization, digitalization and digital transformation

What is the difference between digitization, digitalization and digital transformation? - SYSPRO ERP Software

Reading Time: 7 minutes Our latest SYSPRO survey revealed that almost 70% of businesses have developed digitalization strategies to overcome future disruption, which indicates a shift to digital systems and processes. One of the key drivers for digital transformation is giving the organization the ability to respond swiftly to changing market conditions and customer demands.  The digital transformation of the operations … Read more

Key challenges and solutions for the fabricated metals industry

Key challenges and solutions for the fabricated metals industry - SYSPRO ERP Software

Reading Time: 5 minutes The fabricated metals industry operates with a low margin in a highly competitive market and material availability, production schedules and workforce skills must align to meet customer expectations. The consequences of global supply chain disruption, labor shortages, rising costs, regional instabilities and general uncertainty continue to challenge the fabricated metal and manufacturing industry in general. … Read more

Leveraging the power of ERP to optimize inventory management

Leveraging the power of ERP to optimize inventory management - SYSPRO ERP Software

Reading Time: 3 minutes 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 … Read more

What is a Cycle Count? The Importance and Benefits to Your Inventory Management

What is a Cycle Count? The Importance and Benefits to Your Inventory Management

Reading Time: 7 minutes Manufactures and distributors need to implement effective inventory management as neglecting inventory tracking can set you up for things like delayed orders, unhappy customers, and inaccurate inventory reports. There are two primary methods of managing your inventory and that is cycle counts and stocktaking. This blog explains cycle counting and how within your ERP it … Read more

Top 3 reasons to upgrade to the latest release of your ERP software

Top 3 reasons to upgrade to the latest release of your ERP software - SYSPRO ERP Systems

Reading Time: 3 minutes A modern ERP software platform provides this foundation, serving as a central source of truth for financials, operations, and the supply chain — essentially every aspect of a manufacturing or distribution business. But not just any ERP platform will do. Just as the market changes rapidly, so does technology, and to take full advantage of … Read more

The role of a Bill of Materials in optimizing your inventory management

The role of a Bill of Materials in optimizing your inventory management - SYSPRO ERP Software

Reading Time: 5 minutes Ongoing challenges in the supply chain, such as shortages caused by increased demands and the shutting down of some factories, continue to affect manufacturing businesses even to this day. However, effectively dealing with these challenges and optimizing a manufacturing business’ processes is challenging without adopting and implementing a Bill of Materials (BOM) to accompany an … Read more