Even in a situation of economic slowdown, the ambition of every economic entity, including production companies, is to increase, or at least stabilize, the situation at the current level. It is no secret that many manufacturing companies are in a difficult time for the economy, investing the most and developing faster than the prosperity. Thus, while attempting to characterize the present situation of manufacturing companies, we assumed that we are talking about the situation of their development and implementation of the growth strategy.
Manufacturing enterprises, especially in the era of increased competition imposed by the consumers of their products, are exposed to frequent interruptions in their operations, business processes and the development of their business. The above has a direct impact on their IT technologies supporting their operation, including ERP software.
The problem, which should be treated as a challenge, should be a matter of choice and implementation so that IT technologies facilitate (and not hinder) the adaptation of enterprises to current micro and macroeconomic conditions characterized by high dynamics of change. Here we mean in particular: ensuring the functionality, but also the development of the existing ERP system; ensuring compliance with both local and international law; adapting to business process changes; Streamlining merger and acquisition processes; facilitating the transfer of the production process of goods beyond the borders of the country and then off-shoring; facilitating relocation of production facilities abroad (re-shoring); Reduce the problems and expenses associated with maintaining and maintaining IT infrastructure, and facilitating the use of data and information from content exchange tools and social media.
Manufacturing companies must remain responsive and responsive to changing customer expectations of their products – taking into account macroeconomic changes, customer behavior and needs, and the presence of increasingly competitive products on the market – while reducing costs, increasing profits and increasing the competitiveness of their products. They must find ways to reduce redundancies in processes, simplify production cycles, improve product life cycle transparency, and reduce product launch time – to stay competitive.
In order to meet the challenges of today’s market, manufacturing companies are increasingly looking at their ERP systems that affect the key areas of their business. Therefore, they increasingly think and decide to expand and strengthen their significance in the organization by, for example, extending its complex operations between departments and organizational units, and optimally integrating all aspects of the business into a single, coherent system that allows for comprehensive handling of manufacturing and distribution of products.
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