In a rapidly changing environment, how can you grow your manufacturing business, control costs, and increase profitability? The right ERP or business management solution will help you command every aspect of your operations, accelerate your ability to deliver consistent quality, and take advantage of new commercial opportunities.
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.
Process manufacturing businesses face common operational challenges like ensuring quality when raw materials fluctuate in potency, and unique challenges like recall requirements for food and beverage, or global harmonization for chemical companies. What all companies need is a solution that understands the specific needs of their industry.
