Ensure the reliable quality your customers demand, while minimising risk.
In a rapidly changing environment, how can you grow your manufacturing business, control costs, and increase profitability?
In the past Enterprise Resource Planning (ERP) software was effective. Today, Enterprise Management software will help you control business operations, ensure consistent quality, and take advantage of new commercial opportunities.
Many manufacturers are facing challenges like compliance, lack of oversight, and increasingly complex supply chains in 2019. The good news is with Sage Business Cloud you can:
Recent legislation in many parts of the world has given government agencies greater power to intervene with manufacturers’ operations, and to more easily demand product recalls and withdrawals.
Moreover, consumers are becoming ever more demanding of manufacturers, ready to react when their expectations are not satisfied and able to raise their concerns instantly—and very publicly—through modern communications technology. As a result of these factors, product recalls around the world are becoming more and more frequent and manufacturers are facing major disruption, damage to reputation, and overall financial liability.
Getting detailed insight into your business can be a challenge at the best of times and manufacturers who lack complete, accurate, and up-to-the-minute data face significant challenges to making timely decisions. Which product is most profitable? Which supplier has the most delays? How much cash is tied up in inventory excess, and how much could you invest in growing your business? Without the answers to these questions, many businesses end up making poor strategic decisions and costly mistakes.
Managing supply chains is a constant challenge for manufacturers. In addition to staying on top of the key factors—costs, demand forecasting, production downtime, and inventory excess—supply chain partnerships are continually changing. What happens if your supplier’s shipment has been delayed? What if supply costs increase without warning or quality changes? Without a fast, accurate method to track progress or communicate, you may not be able to avoid production downtime or plan an alternate manufacturing schedule without hurting your business.