Cloud Manufacturing Software Helps Improve Time-to-Market
Time-to-Market (TTM) in manufacturing industries is a critical factor in meeting customer demands, lowering production costs and increasing profit margins. To remain competitive, manufacturers are constantly looking for ways to reduce time-to-market – this time ranges from product concept and development to getting the product sold and in the customer’s hands. Regardless of your industry, time-to-market is a critical factor in determining product investment, product price and meeting market demand. One tool that can assist you with improving your business’s time-to market is Cloud manufacturing software, otherwise known as ERP software that is hosted and not on premise, that is designed for the unique requirements of manufacturers.
Cloud Manufacturing Software – 3 Ways to Reduce Time-to-Market
1. Integration: The cloud platform in a ERP system is an ideal environment to integrate various key business functions including accounting, human resources, CRM, inventory, and order management into one total solution. Having a centralized database for all locations and divisions provides visibility and real-time data to the entire organization, all while streamlining and standardizing processes. The systems also help to maintain a sufficient level of all necessary resources. Successful ERP implementation results in shorter time-to-market, which leads to numerous benefits, including reduced overall costs and increased customer satisfaction due to having ongoing visibility and historical buying and purchasing habits available.
2. Tracking Inventory: Inventory management of product materials is also key to reducing time-to-market. An ERP system allows sales, inventory and customer data to be shared across a single platform and shared together for collective decision making. A single view of supply and demand allows organizations to better understand the needs of not only their own organization, but also the needs and requirements of their customers.
3. Forecasting Demand: Companies can use this information to forecast future demands. Standardized processes enable a sufficient use of resources including raw materials, finished products and labor costs need to keep supply levels at optimum levels and to ensure timely product deliver and quality.
In our experience, manufacturers who move to the Cloud realize these benefits and more. The increasing adoption of cloud ERP systems makes them more affordable to obtain and manage and easier to implement change. Real-time reporting and Business Intelligence provides visibility across the supply chain and allows for quicker, more informed business decisions, which as a result will help to reduce your business's time-to-market. Let your ERP system get your products to market quicker, which will help your company's bottom line.
Barry-Wehmiller International offers several solutions in a cloud delivery model such as ERP, CRM, PLM, ecommerce and SharePoint solutions.
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Barry-Wehmiller International (B-WI)
B-WI provides enterprise, engineering, manufacturing automation and technology solutions enabling a connected enterprise by leveraging a global team to provide effective scalable solutions. We are dedicated to execution excellence through proven process methodologies and have assisted organizations of all sizes successfully transform their businesses. Our experience and expertise, crosses multiple disciplines and industries and we offer a wide-variety of solutions to fit your company’s specific needs.
Visit our page to contact us, email or call - 404-476-4476
Another version of this blog was previously published in B-WI’s Manufacturing Pulse Blog by Pam Washbon on August 10, 2016 - Reduced Time-To-Market Achieved With ERP Systems
Photo courtesy of freedigitalphotos.net by David Castillo Dominici
