From ordering raw materials, through to manufacturing goods, all the way to shipping and invoicing customers for those goods, manufacturers face complex workflows. They also often need to maintain compliance with relevant safety regulations. Discrete manufacturers have various models, too: make-to-stock, make-to-order, and various others. Process manufacturers have to manage recipes and BOMs. Inventory management and machine maintenance must also be considered.
That’s why using a manufacturing-specific ERP software solution can help manufacturers leverage automation, data analysis, and holistic visibility to operate leaner, optimize their workflows, stay compliant, and grow their bottom line.
Every manufacturing company, in all industry segments, rely on measurements to monitor business activities and performance, document success and challenges. Smart management incorporates those measurements into valuable intelligence that helps run the business more efficiently.
Download this guide to learn about key KPI’s in the manufacturing industry and how measuring and analyzing them can boost your company’s success.