In today’s increasingly connected and digital world, the need for data on-demand is greater than ever before. Manufacturing operations need to understand the status of various processes rapidly and derive insights from trends. One tool that helps address this need is a Manufacturing Execution System (MES).
Year: 2020
5 Benefits of the Latest SYSPRO ERP Capabilities
As a Business Analyst within SYSPRO Product Management, I continuously look at market trends, and engage with our customers within the manufacturing and distribution sectors to really understand the needs of the industry, and how we can support those needs within the product. Now more than ever, as most of the world enters a lockdown of unknown length, it is clear that these sectors need to figure out how to get ahead of the curve and remain ahead of the curve. This will require agile business processes, supported by superior security and need the necessary digital support to optimize production processes for now and going forward.
The True Value of ERP Channel Partners in the Age of Digitalization
The age of digitalization has changed the world as we know it. Over the last few weeks, we have seen the rise of the remote workforce like never before. In some cases, businesses have even started looking beyond borders to locate the necessary talent, resulting in multi-cultural teams, interconnected by the advances in digital technology.
Managing Supply Chain Disruption through a Combination of Technology and Ingenuity
Reading Time: 5 minutes Amid the COVID-19 pandemic, the world cannot afford for manufacturing and distribution to grind to a halt. From the food on our shelves to medical necessities, these sectors are at the heart of our economy and must keep going at all costs. Although the global supply chain is usually a well-oiled machine consisting of a … Read more
CFO 4.0 – Manufacturing & Cybercrime – Assessing your Financial Risk
Sometimes it takes an unfortunate occurrence, initiated by malicious actors, to drive home the realization that we operate our businesses under the predatory gaze of thieves. For me, despite years of experience in risk identification, mitigation, and transference, that defining event came several weeks ago, when I found an email in my in-box from one of our senior execs:
How Traceability can Improve Customer Satisfaction
Recalls are expensive and often extremely damaging to not only the brands involved but the producers and manufacturers.
Customer satisfaction is vital in all industries – from food production to electronics manufacturing. When customers purchase products, they expect not only quality, but reliability from the product that they have purchased.
How to Maintain the Supply Chain in the COVID-19 Crisis
The World Health Organization (WHO) declared COVID-19 a pandemic on March 11, 2020. While no one can accurately predict the long-term effects of COVID-19, many have already felt the effects of the disease, and have been left wondering about its impact on global manufacturing and distribution sectors.
As it stands, 75% of companies worldwide have reported supply chain disruptions as a result of COVID-19, according to a new survey released by the Institute for Supply Management (ISM). The study, which included more than half of the respondents representing U.S. manufacturing, states that manufacturers in China currently operate at about 50% capacity with only 56% staff attendance. Additionally, 6 in 10 (62%) respondents are experiencing delays in receiving orders from China. As a result of these disruptions, 1 in 6 firms are adjusting revenue targets.
At the same time, shelves in some retail stores remain empty. People have been panic-buying goods and now rely heavily on manufacturers to restock the shelves. However, global borders remain shut. Local manufacturing and distribution sectors have never played a more important role than the present.
Effective Traceability – An Insurance Policy for the Electronics Industry
Product recalls are one of the biggest risks that manufacturers have to face. According to the insurance industry, the average cost of product recall claims is over US $1 million. Product recalls in the electronics industry were 15% of all recalls in the EU in Q1 2019, and 29% in the US.
How to Digitally Transform Your Business with ERP
Digital transformation is a phrase that has been discussed, exchanged and debated for the last couple of years. In fact, Industry 4.0 — a subset of the Fourth Industrial Revolution — was publicly introduced in Germany, in 2011. It was a government-lead initiative to enhance German competitiveness in the manufacturing industry. Despite the digital call to action, many global manufacturers have been left with trepidation, wondering what it entails and how to go about the journey.
