Manufacturing ERP In The Cloud: Better Capabilities To Stay Competitive

Australia’s manufacturing sector experienced a strong start of 2018 with activity levels holding steady or improving for 16 consecutive months!

If one side this is a great news for Australian manufacturers, on the other side we need to consider the increased level of competition and demand that comes with it.

In addition to this, the evolving landscape of technology solutions available to manufacturers puts additional pressure to innovate, connect and diversify in order to remain competitive.

In this article, we are going to reveal how the latest Cloud-Based Enterprise Resource Planning technologies can help smart manufacturers to stay ahead of the competition and reap the benefits of a growing market.

We know what Australian manufacturing businesses are made of

Why are we best positioned to give such piece of advise to Australian manufacturers?

At Leverage Technologies, we have worked with manufacturing companies of various industries and sizes for over a decade! In just a few words, we understand what manufacturing businesses are made of.

We also have the knowledge and understanding of the typical growth stages that all manufacturing businesses reach – from basic accounting and inventory reporting to more advanced connected systems such as integrated ERP, CRM and an eCommerce platform.

To understand how a Cloud-Based ERP software can bring radical enhancements to small, medium and large manufacturers, we need to first understand the key factors to success in manufacturing.

Key Factors To Manufacturing Success in The New “Connected World”

According to  “3 Key Factors In Manufacturing Success“, productivity, connectivity, and standardization are the main elements to manufacturing success.

Utilizing these three key elements, we have drilled down a bit further.

• Efficient “productivity” to minimize raw material and overhead expenses while producing finished goods to allow maximum availability.
  • Product handling from infancy to the finished product and on to the market with productive revisions that update processes and costs.
  • Provide excellent post-sales follow-up to capture quick re-orders or quickly recognize issues.
• “Connectivity”
  • Ability to collaborate with customers and suppliers to balance supply and demand.
  • Automating the multiple operational processes for total control of manufacturing costs.
  • Adjusting prices based on production costs.
• “Standardization” within an organization to be able to visualize the overall business operations with efficient and agile real-time data that will give way to improved decision making and success.

The question is “how can a Cloud-Based ERP Software solution help manufacturing businesses achieve an efficient production, better connectivity and standardisation?”

Transforming Your Manufacturing Organisation Through Enterprise Resource Planning (ERP) in the Cloud

Advanced cloud-based, analytical ERP software is key for manufacturers to stay operating in our advanced, technologically driven world. A manufacturing business will ultimately transform into a more “competitive, connected and capable” organization.

• Productivity will increase with lower overhead and real-time data reporting.
  • Labour-intensive data gathering and entry spreadsheets are eliminated saving enormous time.
  • Real-time data on raw materials and overhead expenses are quickly available.
• Connectivity capabilities will allow positive growth for large and small manufacturing organizations.
  • Data can be viewed from every department across the company.
  • Today’s international manufacturing companies will have connection ability between locations.
  • Small manufacturing companies will have a system that will allow them to grow and upgrade.
  • Collaboration with customers and suppliers will be easier with the “decentralization nature of cloud ERP and CRM” that allows the capability of data sharing.
• Standardization not only occurs internally but will also occur externally as suppliers and customers all move towards integrating advanced, cloud-based information systems.

Ultimately, integrating an ERP software system will make an organization more “mobile, adaptable and collaborative.” They are more user-friendly, will reduce overhead and gives an organization more collaborative capability.

Conclusion

Increasing demand and rising levels of competition are putting pressure on Australian manufacturers who want to remain ahead of the industry.

Cloud-Based ERP software solutions can help those businesses create further operational efficiencies. Connectivity across functional areas and departments, better productivity and standardisation, can all result from a well implemented ERP software.

As MYOB Advanced Platinum Partner, Leverage Technologies is expert in Cloud ERP software consulting and implementation for the manufacturing industry.

We can help you discover a cloud-based information system that will offer your manufacturing business affordable, powerful capabilities to run lean with flexibility and efficiency.

For more information or to talk to a consultant call 1300 045 046 or email info@leveragetech.com.au.