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The landscape of industrial manufacturing has evolved significantly from its once straightforward nature. In the past, industrial manufacturers simply produced and delivered products, with occasional "break-fix" services.
However, this is no longer the extent of their responsibilities. Fueled by increasingly demanding customers and propelled by the widespread adoption of the Internet of Things (IoT) along with the growing influence of machine learning and AI, industrial manufacturers are now developing novel capabilities to monitor and provide services based on extensive volumes of data generated by numerous assets and equipment. These services encompass highly personalized and digitized products, spanning from basic make-to-stock (MTS) models to light engineer-to-order (ETO) approaches, as well as the monetization of data assets.
In the realm of industrial manufacturing and supply chain, manufacturing networks are undergoing a transformation towards modularity and flexibility. This shift enables the smooth implementation of diverse manufacturing strategies. By enhancing supply chain transparency and flexibility, you enhance your capacity to swiftly respond to unexpected disruptions, safeguarding uninterrupted business operations and continuity.
Industrial manufacturing solutions enable the delivery of scalable and service-based machinery and components that are sustainable and equipped with smart capabilities.
Here are some ways in which a cloud-based ERP system can be used to benefit companies in the industrial manufacturing industry:
manage income, expenses, and assets in an organization
promising delivery dates, shipping, and billing
calculate material acquisition plans needed to meet production plans and customer demand
defining products in batches, serial numbers, variants
or integration into 3rd party Manufacturing Execution System (MES)
warehousing, shipping, and recieving
Source: MPI Group