FOCUS ON CONTROL TECHNOLOGIES
MAKING THE MOVE
Adopting an enterprise resource planning ( ERP ) system enables a more
competitive and profitable manufacturing business , with full oversight .
Cost-effectively managing a manufacturing business or discrete manufacturing business is complex , especially when it ’ s growing . It ’ s essential to have a manufacturing solution that provides real-time access to accurate business intelligence to help ensure better resource planning , scheduling and tracking , as well as supporting lean manufacturing operations . Robust , scalable , modular tools for process ,
“ ERP systems have become extremely popular and are no longer the exclusive domain of multinational operations .”
material and throughput optimisation enable manufacturers to align production goals with cash flow and profitability objectives .
Manufacturers all over the world are focusing on improving their business processes to improve operational efficiency , while keeping track of operating expenses . They want a centralised solution to manage a variety of business processes including finance and accounting , sales and marketing , and procurement and supply chain .
From engineering and planning to production and quality control , manufacturing software packages offer the tools a business needs to create ‘ the best possible product in the most efficient and cost-effective manner ’. These suites can be used to streamline product design and configuration ; track and manage product components ; automate production scheduling ; accelerate the manufacturing process and improve product quality .
Enterprise Resource Planning ( ERP )
ERP ( Enterprise Resource Planning ) is an information system designed to coordinate the resources , information and processes within an organisation . It comprises a common database that provides interfaces and information to every department within the business . ERP is a category of business management software — typically a suite of integrated applications — that an organisation can use to collect , store , manage and interpret data from many business activities , including product planning , purchase manufacturing or service delivery ; marketing and sales ; inventory management ; shipping and payment .
According to analyst Grand View Research , ERP implementation in an organisation can reduce inventory costs by 25 % to 30 %
44 |
ismr . net | ISMR December 2022 / January 2023