Manufacturers around the world have been through several profound transformations in the past few decades. Manufacturing companies' competitive environment is changing as a result of external market upheavals and technical advancements, ushering in a new era of growth, change, and economic opportunity.
The shift from manual labour to automation has revolutionized the way goods are produced, and the advancements in technology are continuously shaping the future of manufacturing. In this blog, we will delve into the 8 things that should be hardwired in the Manufacturing Industry to support manufacturing transformation, which highlights the key players that support the foundation.
What is more important than the ability to shift jobs frequently without hassle, and scheduling jobs as per the capacity?
Through ERP for Manufacturing, you get Real-time production data access makes it easier to shift jobs quickly and effectively across the shop floor. Jobs start and finish on time when you are able to schedule based on your actual capacity. Machinists no longer waste time looking for routers, BOMs, inventory lists, or other job information in order to get started because they already know which jobs to work on right now and in the future.
ERP Mobility solutions enable workers to access real-time information, communicate more effectively, and collaborate with each other, leading to increased productivity and efficiency in manufacturing processes. Along with that, mobility solutions also enable Improved decision-making, Greater flexibility, Better customer experience, and Increased safety.
On-time delivery and accurate scheduling go hand in hand. With fully automated scheduling, Lighthouse ERP for manufacturing industries puts you in command. Enter the job and machine data into the router and other modules, and the system will schedule the job for you automatically in minutes, changing one of the most complex and time-consuming activities into a model of lean efficiency.
When a customer's needs necessitate last-minute modifications, you may quickly forward, backwards, and global reschedule. The ERP also shows how relocating a job will affect the overall timetable.
ERP for manufacturing lowers or eliminates bottlenecks by scheduling the correct job on the right machine at the right time when several jobs are stacked on top of each other due to limited capacity. Instead of "safe" due dates, you may inform consumers when their jobs will be finished and be confident that you will deliver on time.
Job costing is a cost accounting method used to determine the cost of producing a particular product or service. It is an important tool for businesses to understand and manage their costs, particularly in industries undergoing transformation.
Accurate job costing is an essential aspect of industry transformation as it assists in many ways, including Identifying unprofitable products or services, Understanding cost drivers, Evaluating new business models, and Allocating resources effectively.
By concluding Job costing meticulously through our enhanced ERP solution, businesses can stay competitive in industries undergoing transformation by providing them with valuable insights into their costs and profitability. By using job costing to make informed decisions about which products or services to produce and how to produce them, businesses can adapt to changing market conditions and stay ahead of the competition.
Knowing exactly what you have in stock and where you can find it minimizes the need to go searching for parts to get a task started. Parts may be completely traced thanks to lot bin tracking. Physical inventory counts are quick and accurate, and they are often unnecessary. Paying expedited shipping expenses for receiving items becomes an unusual occurrence rather than the norm. Automatic reorder points ensure that materials are ordered before stock runs out and that jobs are never delayed owing to a shortage of raw materials.
With ERP, you will never again miss an order for materials required to keep your production line running.
Inventory management plays a significant role in supporting industrial transformation, which is the process of modernizing and improving the efficiency and competitiveness of manufacturing processes. With the help of Lighthouse ERP’s inventory management module, businesses can get on with the industrial transformation by Reducing waste, Improving supply chain efficiency, Optimizing inventory levels, Increasing productivity, and Enhancing quality control.
Visibility plays a crucial role in industry transformation as it enables stakeholders to have better insights and understanding of the current state of operations, resources, and potential areas for improvement. With visibility, industry players can make informed decisions, identify and analyze areas that require change, and track the effectiveness of initiatives designed to drive change.
ERP software gives you total visibility into one of your company's most expensive line items: direct labour. Workers log on to each job electronically, and the system precisely measures estimated versus real labour by job or part. When a variance arises, you can identify whether the issue is with the machine, the machinist, or something else. Daily productivity reports aid in the identification of problem areas and trend variations, allowing you to take corrective action before they become serious issues.
Visibility into operations can help identify inefficiencies in the supply chain or production process, Improve collaboration, Enhance customer experience, Optimize resource utilization, and Drive innovation.
Because jobs are performed on time, accurate scheduling saves money on overtime. Downtime costs are reduced since shop floor staff always know which job they should be working on. Separately tracking indirect labour categories aids in cost control for those with the greatest costs. Whether direct or indirect, our software delivers a thorough picture of what employees are doing on and off the job so you can manage your labour dollars appropriately.
Quality control plays a crucial role in supporting industrial transformation by ensuring that products and services meet high standards of quality, reliability, and safety. Through effective quality control, companies can improve their operations, reduce costs, and enhance customer satisfaction, which can ultimately drive innovation and growth.
Quality cannot be improved until the origins of quality problems are tracked, measured, and analyzed. The configurable reporting and statistical analysis features in Lighthouse ERP enable you to track and measure quality information in real-time. Nonconforming alerts assist in identifying failure trends as they occur on the shop floor, allowing faulty components to be identified and corrected before they leave the door rather than after.
Quality control helps companies to differentiate themselves from competitors by delivering products and services that meet high standards of quality and reliability. This can give companies a competitive advantage, helping them to gain market share, increase revenue, and drive industrial transformation.
Lighthouse ERP's Quality Control module simplifies quality documentation management by collecting all internal and external papers into a single location. Simply scan each document, assign a place to it, and you're done. Technical drawings and job spec sheets can also be linked to routers, inspection and gauge calibration documentation can be attached to work orders, and imported CAD/CAM.pdf files can be attached to specific part numbers. ERP provides an effective solution for handling all of your quality information, regardless of the type of quality papers or amount of traceability required. Quality control is a critical component of industrial transformation, supporting cost savings, customer satisfaction, continuous improvement, regulatory compliance, and competitiveness. By prioritizing quality control, companies can improve their operations, drive innovation, and position themselves for long-term success.
Better customer service is important for industrial transformation because it can help businesses build stronger customer relationships, improve customer loyalty, and ultimately increase revenue and profitability. In today's competitive marketplace, providing a positive customer experience can be a key differentiator, and a CRM system can help businesses achieve this by facilitating better communication, tracking customer interactions, and responding to customer inquiries and concerns in a timely manner.
CRM, or Customer Relationship Management, can play a critical role in industrial transformation by helping businesses better understand and meet the evolving needs of their customers.
Lighthouse ERP integrated with its CRM module can help businesses transform their operations by providing valuable insights, improving collaboration and efficiency, and enhancing customer service. By leveraging the power of CRM, businesses can better meet the demands of today's fast-paced industrial environment and stay competitive in an increasingly crowded marketplace.
Sales growth is important for industrial transformation because it can help businesses increase revenue and profitability, invest in new technologies and innovations, and stay competitive in an evolving marketplace. By driving sales growth, businesses can achieve economies of scale, improve their market position, and better meet the changing needs of their customers. This can be particularly important in an industrial setting where innovation and efficiency are critical factors in achieving success.
ERP for manufacturing software provides a comprehensive business management system that is meant to increase sales. When you plan jobs more efficiently, you save money on setup and personnel, boost throughput, maximize capacity, and improve on-time delivery. These outcomes improve estimating and quoting, allowing you to provide the best possible pricing to your consumers. Effective scheduling also decreases the time spent on the shop floor putting out fires, giving you more time to focus on creating new business and improving sales.
The capacity to deliver on promises is your most valuable selling asset as a manufacturer. It generates trust when you offer consumers a deadline and stick to it every time. Sales increase when you consistently provide high-quality items on time. If you're having trouble increasing sales, let ERP for discrete manufacturing manage your shop floor so you can focus on generating new ideas, products, and customer relationships.
