Since the emergence of ERP systems, manufacturing companies have long used ERP systems to improve production output, reduce wastages and better manage complicated supply chains that can ensure sustainable business growth and boost bottom-line profits. ERP software’s are meant to provides a tightly integrated view of every aspect of sourcing and procurement, daily production and finished goods delivery for manufacturers regardless of whether they are a make-to-stock, made-to-order . While affordable stand-alone manufacturing software packages available in the market can automate the production function for most organizations,manufacturing companies have to depend on a true and scalable ERP system for real benefits to flow in when they are attempting to streamline their supply chain operations as a whole.
Manufacturing based software solutions address key categories of manufacturing processes like process manufacturing, discrete manufacturing or hybrid manufacturing. This could include scenarios like contract manufacturing, batch processing, assembly manufacturing and the like. While contract manufacturing companies need a system to manage multiple product lines at a low cost per unit, they also need to manage multiple customer requirements simultaneously while meeting delivery deadlines, quality specifications and product design requirements. A strong contract manufacturing system will offer detailed costing information, robust demand planning and production control, integrated financial management, and a strong inventory control for raw materials and finished good inventories.
How Hashtag can help
Our expert functional consultants with deep dive expertise in the manufacturing industry can help mitigate business risks associated with non adherence in terms of quality standards, gaps in supply chain requirements to ensure order deliveries on time.. Visit our website for a more detailed overview of our services.
Read about our software selection and evaluation for a manufacturing organization that resulted in a 20-percent internal rate of return (IRR) on investment.