No matter what type of manufacturing business you’re in, or what you make, there are a few issues that seem to be common among most if not all manufacturers. These include:
- Complying with changing, complicated regulations.
- Improving efficiency.
- Meeting evolving customer expectations.
- Lowering costs.
The truth is your success is no longer measured solely on the quality of your product. Today, success hinges more heavily on how efficient your business is. Rising to this challenge is no easy task. However, leaders seem to have one thing in common. They understand they cannot meet these challenges with disconnected software, or spreadsheets fraught with incorrect or out-of-date data. They have replaced their old tired systems with an end to end ERP that brings all their people, equipment and data together. Then, they can finally make the well-informed, fast decisions today’s economy demands.
When they‘re used correctly, most ERP’s help with visibility and productivity.
But there is a few reasons cloud-based manufacturing ERP software is so popular
First, there’s no large upfront investment in hardware. This is ideal for manufacturers since many of you already must bear sky high equipment costs. Second, updates are simpler and the software does not require the support of a large IT staff. Third, cloud ERP runs on the web. The benefit of this to manufacturers is twofold. One, IoT technology can give you the power to connect much of your shop equipment to the ERP. Once setup, with this connection, you can monitor the machines’ efficiency and health, plus see how these things affect the bottom line. The other benefit of cloud-based manufacturing ERP software being web-enabled, is that it is available anytime, anywhere. This means factory floor workers now have access to the same data as people working in your offices. All they need is a smartphone or tablet.
That said, if your cloud-based manufacturing ERP software implementation is to be truly successful you need to begin with a solid plan. It should describe exactly how you will use the system, who has access to it, and for what purpose they will use the software. A carefully thought out plan often sets leading manufacturers apart from followers, but the hard work is well worth it. It delivers bottom line benefits which are hard to ignore.
When businesses smart about cloud ERP implementation they enjoy on average, a:
- 39% lift in their inventory turns
- 20% increase in their sales stock ratio
- 12% improvement in their operating margins
Want to learn more about how cloud-based manufacturing ERP software can help your business,
Then, when you’re ready to check out ERPs we recommend for manufacturers,
By: Laura Schomaker, Intelligent Technologies, Inc., a North Carolina Microsoft and Acumatica partner,