- 3 August 2016
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The industrial machinery manufacturing industry is a highly skilled market requiring proper and timely administration of many moving parts. This industry manages the production of industry machinery for heating, ventilation, air conditioning, commercial refrigeration, engines, turbines, transmission, elevators, escalators, scales and balances, and more. Industrial machinery manufacturing often has intricate engineering requirements, is exposed to swift changes in the market, and is often at the mercy of the industries it supplies. ERP systems can provide the streamlining and visibility necessary to improve processes across the entire operation. Let’s take a look at some of the ERP benefits specific to the industrial machinery manufacturing industry.
An ERP system can lower the cost of carrying inventory and increase bid competitiveness by providing access to information that helps businesses build more accurate pricing and make better operational decisions. With reporting features that can collect data from all levels of the business, decision-makers are offered a more accurate overall financial picture. ERP systems also support larger transactional volumes, helping businesses scale without having to take a financial hit to acquire additional resources.
Earlier Issue Identification
Streamlining processes from quality assurance to product history and supply availability helps provide the industrial machinery manufacturing industry with the ability to see production issues before they become costly and difficult to correct. With better identification, skilled workers have more time to ensure specifications are adhered to and the product is on track all the way from conception to completion.
A Cohesive Picture
With the ability to review one set of data, companies can rely on a shared understanding. A singular system offers a common groundwork of terms, numbers, and reporting to help companies establish and assess key performance indicators without worrying that they do not have the visibility to obtain a clear picture. Information within an ERP system is free from silos and can contribute to a powerful bank of data that can help a company get to answers quickly and reliably. The customization capabilities of an ERP system help manufacturers extract only the data they need to conduct their assessments and improve company-wide efficiency. This reduces business risk and helps keep everyone in the company on the same software, effectively eliminating redundancy and reinvesting that time back into the company.
An ERP system can help companies add capacity without adding human resources. With the ability to customize the software, eliminate redundancy, produce reliable data, immediately update production schedules, see items in stock in real-time, understand supplier scorecards in an instant, and produce fewer accounting errors, a company can scale without worrying about the growing pains that often come with redundant and manual processes.
Better Customer Service
Engineers with more time on their hands can focus on quickly and accurately completing orders, speeding up the time to production and resulting in a more satisfied customer base. And with the ability to anticipate resources, understand inventory, and make better projections, industrial machinery manufacturers can help plan for their capacity and better inform the clients on scheduling expectations. With better access to customer details at every level in the organization, a more familiar and personal relationship can be developed between the manufacturer and the customer.
The industrial machinery manufacturing industry requires seamless integration between systems, along with superb customer relationship, supply change, product, and lifecycle management. An ERP system can help these companies streamline their multiple systems and maximize their available resources to cut costs and improve production.