ERP For Small Business: 10 Features You Need To Accelerate Growth Bottom Line: The most successful small business manufacturers rely on ERP to drive faster growth and keep customers for life by improving product and service quality and reducing costs through operational improvements. When you’re a small business manufacturer, the quality of the last orders delivered says more about you and what you care about than everything you spent on marketing last year. Manufacturers define growth…
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Seeing Further: Using Manufacturing Execution Systems (MES) to Improve Visibility
Seeing Further: Using Manufacturing Execution Systems (MES) to Improve Visibility As independent enterprise technology consultants, we’re regularly called to guide project teams through technology evaluation, selection and implementation. With a focus on business process improvement, our consultants are regularly out in the field guiding manufacturers and distributors that are challenged with managing the complexity of their operations. A common theme running through these conversations is the need for improved visibility and transparency of information. No…
Six Ways Warehouse Inventory Management Software Optimizes Efficiency
Six Ways Warehouse Inventory Management Software Optimizes Efficiency The Warehouse Inventory Management Software market grew to $1.4B in 2016 and is projected to attain a Compound Annual Growth Rate (CAGR) of 14.1% between 2017 and 2025 with the global market reaching $4.6B by the end of 2025. Warehouse Inventory Management software and systems help reduce infrastructure costs and enable the reallocation of existing IT resources to drive productivity improvements, according to IDC. Warehouse Inventory Management…
Cleanroom Manufacturing Strategies That Pay
Cleanroom Manufacturing Strategies That Pay Bottom Line: Cleanrooms that rely on ERP systems to track the many costs, activities, and revenues associated with their operation have the potential to deliver a higher ROI by increasing the average machine rate per hour, average markups and profit per production run. Cleanrooms Need ERP Systems To Find The Path Out Of Price Wars Plastics manufacturers are relying on and investing in cleanrooms to capture new customers and gain a greater share of…
Manufacturing Gains From Machine Learning
Manufacturing Gains From Machine Learning Improving semiconductor manufacturing yields up to 30%, reducing scrap rates, and optimizing fab operations is achievable with machine learning. Reducing supply chain forecasting errors by 50% and lost sales by 65% with better product availability is achievable with machine learning. Automating quality testing using machine learning is increasing defect detection rates up to 90%. Bottom line: Machine learning algorithms, applications, and platforms are helping manufacturers find new business models, fine-tune product quality,…
10 Ways IoT Can Improve Supply Chains
10 Ways IoT Can Improve Supply Chains The majority of enterprises are prioritizing their blockchain pilots that concentrate on supply chains improvements (53%) and the Internet of Things (51%) according to Deloitte’s latest blockchain survey. By 2023, blockchain will support the global movement and tracking of $2T of goods and services annually based on a recent Gartner By 2020, Discrete Manufacturing, Transportation & Logistics and Utilities industries are projected to spend $40B each on IoT platforms, systems, and…
Manufacturing Needs Smart Machines To Grow
Manufacturing Needs Smart Machines To Grow Industrial Internet of Things (IIoT) presents integration architecture challenges that once solved can enable use cases that deliver fast-growing revenue opportunities. ISA-95 addressed the rise of global production and distributed supply chains yet are still deficient on the issue of data and security, specifically the proliferation of IIoT sensors, which are the real security perimeter of any manufacturing business. Finding new ways to excel at predictive maintenance, and cross-vendor…
IIoT In Manufacturing Update
IIoT In Manufacturing Update Global spending on IIoT Platforms for Manufacturing is predicted to grow from $1.67B in 2018 to $12.44B in 2024, attaining a 40% compound annual growth rate (CAGR) in seven years. IIoT platforms are beginning to replace MES and related applications, including production maintenance, quality, and inventory management, which are a mix of Information Technology (IT) and Operations Technology (OT) technologies. Connected IoT technologies are enabling a new era of smart, connected…
The Ultimate Guide to Manufacturing Software
The Ultimate Guide to Manufacturing Software Bottom Line: The majority of manufacturers are prioritizing shop floor productivity as their most valuable growth strategy, relying on manufacturing software to be the catalyst to get them there. What is Manufacturing Software? Best defined by its many benefits, manufacturing software provides real-time visibility into the details of a manufacturing operation. With greater visibility, manufacturers attain greater control of daily production, machine yield rates, supplier performance, quality, and ultimately, profit…
MRP vs ERP – What’s the Difference?
MRP vs ERP – What’s the Difference? The progression manufacturers are making from MRP to ERP has its basis in how diversified their product lines have become in response to customers’ need for more versatile, configurable and customizable products. Many manufacturers got their start producing the same product using components they sourced locally or made themselves. Customers weren’t given the option of customizing products. Doubling down on manufacturing efficiency, the core process areas of Bills of Materials…