Manufacturers face obstacles that could greatly impact productivity. Today’s industry leaders must know how to handle issues such as streamlining of operations, reducing costs, offering fresh product formulas, and, ultimately, making the way for an optimized supply chain.
The best approach to solve ever-evolving issues as the manufacturing industry evolves, is to implement a cloud-based ERP solution. The impacts to the bottom line and ROI (return on investment) are endless.
Employers can expect those within the business will appreciate how modern-day systems can minimize excess efforts, streamlining productivity. Whether a business is trying to wow current customers or intrigue new prospects, a data-driven solution can optimize company efforts — and, ultimately, outcomes!
1. Information Reporting
Imagine all vital information front and center in a detailed, function-specific dashboard that can be accessed from anywhere, at any time (as long as a wifi or internet connection is available).
Manufacturing ERP provides the right reporting capabilities by visualizing all the data integrated in the system. Sorting huge quantities of data can be a tedious task, but with reporting tools like financials, documents, and algorithms, the process is made easy and accurate. The reporting database is automatically updated with each transaction in the system, hence ensuring greater data accuracy.
2. Maintain Consistency
Customers like knowing what they’re going to get — expectancy is key. Because of this, shoppers become brand-reliant. It doesn’t matter if a consumer is purchasing luxury items or day-to-day supplies, it’s all about a known outcome.
Uniformity helps to ensure consumers are receiving what’s expected. This can range from quality to safety; items that don’t meet expectations can also pose a potential health risk, particularly when the product deviates from formulation and recipe.
3. Waste Reduction
Several factors can lead to waste; the most likely factors are lack of foresight to determine a clear path forward, as well as physical matters that can directly impact production. The bottom line requires companies to:
- Reduce material deficits due to profit loss
- Eliminate overhead costs
- Improve and drive efficiency across the company
A business should assess equipment data and measure that for improved operational results. The best way to achieve actual results is to implement a cloud-based ERP solution that delivers insights in real time. A modern-day system can help keep manufacturers informed and aware of factors that can have an impact on the company’s success — and, therefore, bottom line.
4. Meeting Regulations
The Manufacturing industry is no stranger to regulation. In fact, some of the most detailed of agencies regulates this sector. When it comes to limitations on companies it is usually due to protections.
Most limitations on companies stem from consumer and environmental concerns. Being up to code in all areas ensures the viability of an organization. Monitoring control of project management, equipment, and all materials used during production are key. Quality control stems from successful process planning.
5. Real-time Visibility
Data, information, and insights are more possible with a solution that provides full visibility. When leadership, department heads, and employees across various functional areas can see the bigger picture, they’re able to better provide well-rounded reports and improved customer service.
When everyone within the organization is working in one integrated system, siloes are broken down. Consistent data helps to streamline business functionality, as well as manufacturing processes.
6. Going Green
Environmental concerns are in every headline, and it’s no surprise that businesses must be aware of what’s right and wrong. Eco-friendly practices can help define a brand, but if they aren’t considered — they can also break a company.
Process manufacturers must ensure their products meet strict standards, using the best possible ingredients, reducing emissions, and producing the greenest products possible. With detailed data-based insights, a company can improve its strategies across the supply chain. Decision-makers will be armed with dashboards that relate clear and precise information that can directly impact their organization’s carbon footprint.
Create a Better Tomorrow: Getting Started
Acumatica makes it easy to implement a single solution that ties in every aspect of business. With a highly advanced system, customers are able to take advantage of the many beneficial aspects a cloud-based ERP system includes.
Flexible, powerful, and born in the cloud, Acumatica Manufacturing Edition delivers this functionality—providing the solution you need whether you are a small shop or a multinational firm. Designed and built for manufacturers by manufacturers, Acumatica Manufacturing Edition helps you to streamline your operations, reduce costs, and see the entire picture.
With a long running history of partnering in software excellence, we look forward to the opportunity to take clients into the future with cutting-edge software technology that delivers results. Contact us to learn more!
Additional Manufacturing ERP Resources
6 Ways Cloud ERP Can Help Manufacturers Grow