Midsize Manufacturers and The Challenges of Growth
Manufacturing is an industry with a very wide spectrum: make to order vs. make to stock, discreet vs. process. Their sizes are also diverse. But research shown that in many countries midsize manufacturing are an important engine of economic growth.
These midsize manufacturers are in harsh competition but they are more agile to change and faster in adopting new approaches. They are also learning vastly and eagerly to explore and exploit technology and manufacturing management information in order to make sound judgments and decisions, to win competition.
This article will describe typical challenges facing by manufacturer in general and how business management tool like SAP supports these companies, including you, to keep growing and stronger.
Companies are nothing if not growth oriented. In pursuing this big mind objective they are facing some serious challenges.
SAP understands those challenges and traditionally SAP is considered as the most solid manufacture system management software currently available in the market. It has solid integration from front to the financial analysis, meaning in all areas of manufacturing business: sales, purchasing, inventory management and production cost analysis. It also provides profit center cost analysis for you to analyse costing in any segmentation that you can think of.
But in the first place, there are some key rules we need to make sure for making SAP and IT in general as your key driver to maintain the agility and profitability.
We should be able to articulate the business objectives and let SAP translates it to help you getting the right measurements and information.
SAP helps companies to change the way of business from silo (Departmental) to integrated where information could be accessed real time and online, decisions could be taken faster and they can response the stake holder requirements in a click.
As the customer base expands with business growth, some loss of intimacy with individual clients is inevitable. But data analytics helps to develop better insights into customer preferences and behaviour, and customer relationship management (CRM) systems to improve responsiveness.
Midsize firms will put effort for having a system to work to improve information interchange with suppliers as well as channel partners. This will entail supply chain management (SCM) and supplier relationship management (SRM) solutions tailored to their size and unique needs. The ultimate objective is to reduce high stack of manual works and to improve transaction speed.
Many midsize firms have bought into the potential of enterprise planning systems such as SAP to accelerate information flow throughout the company, thus helping to boost operational speed and improve co-ordination across departments.
There are many has been spoken and make clear that IT will be critical in helping their firms innovation as they grow. They will use technology, for example, to improve product design and lifecycle management and thus reduce cycle time. But IT has the potential to impact on innovation in indirect ways as well, in particular from better information flow with customers, suppliers and partners as well as other enterprise departments.
Knowing the critical role of IT and business system in manufacturing industries, Soltius has prepared massive capabilities in terms of expertise and templates to help various manufacturing industries run their business. The manufacturing solution encompasses general manufacturing, food, chemicals, pharmaceutical, consumer products, mills, steel, farm and poultry, and many others
Our 15+ year experience provides priceless experience working with various industries. This collection of knowledge, we return it to our existing and our future customers as a solid and powerful industry solution.
Our industry solution, delivered by our experienced consultants will help our customers to quickly address their business needs. It is a constellation of knowledge, preconfigured solution and the use of a state of the art technology solution.