Production ERP software for cost-effective manufacturing
Production is a complex web of interdependent items, processes, and resources. As competition increases and margins shrink, manufacturers need to improve efficiency and productivity while reducing costs. A production ERP system applies digital technologies across production processes, capturing data at every stage and storing it centrally. Real‑time visibility into processes and resources lets you respond […]
The benefits of ERP for financial management
Manufacturers need better Financial Management systems Gone are the days when basic accounting packages or spreadsheets sufficed for tracking financial data in manufacturing. Those are entry-level financial solutions that cannot scale as the company grows, nor can they help manage various departments, such as order management, the shop floor, or warehousing and inventory. Manufacturing companies […]
The benefits of inventory management in ERP
What you can achieve with inventory management in ERP Inventory is a major item on a manufacturer’s balance sheet that can seriously impact cash and working capital, and inventory management in ERP can contribute to improving it. Using spreadsheets for inventory management and planning might have worked in the past, but it has become increasingly […]
Managing cost, quality and traceability in fabricated metals manufacturing
The Asia-Pacific region has one of the highest concentrations of fabricated metals manufacturers in the world. As demand grows, cost efficiency, quality management, and traceability become critical to staying competitive and profitable. Many governments are also incentivizing investment in energy-efficient solutions, which adds another layer of complexity for managers trying to keep machines productive while […]
The role of inventory management and inventory optimization in ERP
Inventory provides a buffer between uncertain demand and supply, but it comes at a cost. Stock ties up cash and working capital, consumes space, and impacts return on assets, which is why rising inventory costs are now viewed as a major business risk. In a recent survey, 40% of respondents mentioned rising inventory costs as […]
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: Trends & insights for manufacturers & distributors
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. […]