An ERP solution is fast becoming a requirement in the manufacturing industry. Whether it is used for Material Requirements Planning (MRP), Manufacturing Execution System (MES), Manufacturing Accounting or Production Planning & Scheduling, the industry is rapidly adopting an ERP solution to improve efficiency and aid growth. It has been aided by various market trends such as vendor consolidation, intelligent inventory tagging, adoption of cloud technologies and the use of mobile devices.
Those that are yet to implement one are earnestly looking to do so. According to a report published by Software Advice on the various trends of manufacturing software buyers, about three-fifths of the buyers were looking to replace manual methods, such as paper or Excel spreadsheets, while two-fifths were seeking to replace some kind of legacy software. One of the main reasons for purchasing new manufacturing software is to improve the efficiency, accuracy, or the organization through automating their manufacturing processes. Some organizations also look to update/modernize their processes or are looking for robust features while implementing it.
With technology constantly changing, even those that have existing systems are constantly trying to implement the latest software. The report also identifies the reasons why a company may look to replace their existing software and shows that three-tenths of the buyers are doing so because the existing system was old, outdated, or unsupported. The system was also unable to meet the constantly evolving functional requirements.
Almost every company agrees that the absolutely critical functional requirements are manufacturing execution and resource planning capabilities. But companies nowadays look for an integrated solution capable of handling financial accounting and even human resource management. Some of the other specific benefits that companies have achieved through implementing manufacturing software include better planning and resource allocation, greener operations, support for lean manufacturing, producing compliance documentation etc…
But whatever may be the motive for implementing a manufacturing software, the fact remains that the industry has embraced it.
To read the complete report by Software Advice, click http://www.softwareadvice.com/manufacturing/#buyer-trends