Technology leaders in the present digitally driven world are under extreme pressure to help the manufacturing industry gear up for increased efficiency and productivity. Like every other business sector, manufacturing companies, regardless of their size, are exploring newer opportunities to be future-ready. The aftermath of the pandemic and Industry 4.0 remains the crucial driving forces behind rapid technology adoption for the industry.
Presently, mobility and data mining and analysis are considered the top priorities of the manufacturing industry. Statistics from a recent survey state that nearly 86 percent of CEOs believe that a clear vision of advanced technologies, including mobility, can provide a competitive edge that creates the success of their investments. As a result, CEOs, CTOs, CIOs, and others are prioritising mobile technologies in driving the strategic revolution in the manufacturing industry.
Automation in ERP driving the manufacturing supply chain
In today’s world, managing the supply chain, including the day-to-day operations, has become one of the biggest challenges for manufacturing organisations, which could be combated by continuous innovation in the ERP application, aiding in streamlining the distributor and customer network using a single interlinked platform. In addition to this, the platform can take care of accounting and financial processes depending on the requirement. Integrations in ERP models aid in reducing errors and bolstering the track and trace segment, which is pivotal to bolster the supply chain management. Furthermore, it also helps to reduce manual work and improve productivity simultaneously.
Embedding inventory management systems
Managing inventory in any manufacturing company is one of the most complex tasks. With a myriad of product ranges and materials, it has become crucial for manufacturers to bring supply chain processes under their control and maximise the facility’s output. The manufacturing industry has started to rely on inventory management systems for efficiency in stock management. This can streamline the production processes, reduce costs by tracking, managing, and storing all production material more efficiently.
Applications for workflow optimisation
Employees’ productivity has a direct impact on business growth. As a result, technology leaders are always concerned about bringing improvement across business functions, from procurement to supplying finished goods. Equipping employees with necessary technology tools and applications can help employees perform well while increasing productivity in manufacturing. It enables greater production and makes manufacturing teams more agile, driving higher revenue growth.
Real-time analysis and updates
In a full-fledged manufacturing company, procurement teams on the customer side expect timely updates. Technology integration in manufacturing processes can give customers the freedom to check their order status, expected delivery date, and other important updates in real-time. It ensures that every team leader and member responds to each function much faster and keeps the customer satisfaction level consistent with greater visibility of operations and asset performance. The accuracy provided via real-time updates is critical to production processes that can eliminate revenue loss and result in better decision-making.
Mobility in operations tracking
The adoption of mobile technologies has successfully proven to monitor day-to-day operations with more precision. Handheld devices, smartphones, scanners, etc. help manufacturing companies in mobilising and optimising supply chain operations. It increases overall productivity by accessing critical information and facilitating unhindered collaboration between people at different levels. Additionally, it provides valuable insights about stock storage, shipments, and customer complaints that can help companies achieve a higher level of accuracy in their manufacturing operations.
Final thoughts
According to the Gartner study, CIOs rank investment in mobile technologies as a top priority in business. The adoption of mobile technologies enables manufacturers to match their capability enhancement across the globe. Crucial tasks such as resource mobilisation can simplify critical business processes as well as increase employees’ productivity levels.
The efficiency in workflow optimisation and increase in productivity levels can result in unnecessary cost reduction by converting conventionally manual processes into automated systems. Apart from this, instant mobilisation reduces data gaps, increasing customer responsiveness in highly volatile and dynamic markets.
Mobility is reinforcing manufacturers to expand their competitive capabilities more than ever before. The net result is greater standardisation of strategies, processes, and accuracy in procedures.