In an ever-changing and increasingly challenging manufacturing landscape, Enterprise Resource Planning (ERP) has been a key tool for streamlining operations and allowing users to gain a competitive advantage.
In this article, we explore the key trends in the ever-changing Manufacturing industry, and we take a closer look at how ERP can kickstart change and allow business leaders focus on what’s really important.
Changes within the manufacturing industry
The manufacturing industry has undergone significant changes in recent year, including; the adoption of advanced manufacturing technologies, the growing emphasis on sustainability, and a shift towards more flexible and agile manufacturing processes. These adaptions have led to increased efficiencies, investments in clean energy solutions, and quicker response in changing market demands.
However, how significant have ERP and core business systems been in enabling change to gain a competitive advantage?
Key trends in the ever-changing Manufacturing industry and the role of ERP
Going Digital
Digital technologies, including the Internet of Things (IoT), artificial intelligence (AI), and robotics, have revolutionised manufacturing processes, improving efficiency and productivity. ERP systems have the capability to integrate with these technologies, enabling manufacturers to optimise their operations and improve overall efficiency and productivity. By leveraging these tools, manufacturers can streamline processes, reduce costs, and improve product quality, ultimately delivering greater value to their customers.
Investing in Sustainability
As sustainable manufacturing gains traction, manufacturers are placing greater emphasis on reducing waste, improving energy efficiency, and lowering carbon emissions. ERP systems assist manufacturers in tracking and reducing their carbon footprint by monitoring their energy consumption, waste generation, and emissions. ERP systems can also enable manufacturers to optimise their supply chain and reduce the environmental impact of their operations.
Embracing Flexibility
The manufacturing industry is experiencing a shift towards using more flexible and agile processes that enable manufacturers to respond quickly to changing market demands, and customer needs. ERP systems play a vital role in supporting this transition by providing real-time visibility into production processes. By offering an accurate overview of production activities, ERP systems can help manufacturers quickly adapt to changes in demand or supply chain disruptions. Additionally, ERP systems also support flexible manufacturing processes that allow for customised production, which is essential in meeting the demands of today's consumers.
Attracting and Retaining Talent
As the manufacturing industry evolves, there is an increasing demand for skilled workers and talent. In response, manufacturers are investing in training programs and forging partnerships with educational institutions to develop the skills of their workforce. ERP systems can play a key role in attracting and retaining skilled workers by offering a modern and technologically advanced work environment. They can also support training and development programs to enhance the skills of the workforce and keep up with industry advancements.
Building a Resilient Supply Chain
The COVID-19 pandemic has highlighted the importance of building resilient supply chains, with manufacturers looking to reduce their reliance on single-source suppliers and streamline their supply chains. In this regard, ERP systems can be incredibly valuable by providing real-time visibility into the supply chain. By doing so, manufacturers can identify potential disruptions early and take proactive measures to mitigate them. ERP systems can also support supplier management programs to reduce the risk of supply chain disruptions and ensure business continuity.
The need for fit-for-purpose solutions
Manufacturing companies require fit-for-purpose ERP systems for a variety of reasons.
Firstly, an effective ERP system can help optimise operations, enhance efficiency, and reduce costs. This is especially significant in the manufacturing industry, where there is often a large volume of production and a requirement for precise monitoring of materials, inventory, and production schedules.
Secondly, an ERP system can provide real-time insight into operations, allowing manufacturers to make informed decisions and quickly adapt to shifts in demand or disruptions in the supply chain. This is critical in an industry where unforeseen events, such as equipment breakdowns, weather conditions, or raw material shortages can significantly impact production and profits.
Thirdly, a suitable ERP system can help manufacturing firms comply with industry regulations and standards, including health and safety regulations or quality management systems like ISO 9001. This can enhance the company's reputation and lead to new business opportunities.
About Moore Insight
For over 30 years, MOORE Insight has provided end-to-end Enterprise Resource Planning (ERP) support to private and public sector clients, across the UK. From helping clients understand and define their requirements, to selecting and implementing the right system for their organisation and providing ongoing support, we have been the trusted partner of numerous organisations in their digital transformation journey.
Our team consists of experts that have deep technical expertise and extensive experience in working collaboratively in mixed delivery teams, enabling us to deliver additional value-add and knowledge transfer in technical accounting, solutions market knowledge, and business change expertise.
Unhappy with your current systems and processes?
Ready to start optimising your ways of working?
Book your free no-obligation discovery call with our team, to explore your options:
www.moore-insight.com/contact-us
info@moore-insight.com
(0)20 8078 5175
As seen on Sheffield Chamber of Commerce's website.