How can manufacturers deliver faster while coping with volume demands?
-James Robinson, Vice President of Services for Asia Pacific, SYSPRO The Industrial Machinery and Equipment (IME) industry is an important sector within the global economy, encompassing a wide range of products such as heavy machinery, construction equipment, agricultural machinery and more. There is a growing list of challenges facing IME manufacturers, but delivering products faster while coping with ever-increasing volume demands stands out as the primary one. Additional challenges include inaccurate inventory forecasting, supply chain disruptions, and disconnected legacy systems. To succeed in this highly competitive industry, IME manufacturers need to find ways to provide more accurate price forecasting, implement strong financial controls and have full traceability, so they can implement warranties on the industrial equipment they make. The level of precision required to provide more accurate costing requires a complex Bill of Materials (BOM), unique scheduling, end-to-end supply chain visibility and integrated Quality Management capabilities. Complex Bills of Materials and accurate costing One of the fundamental challenges faced by IME manufacturers is the highly complex specification and production required for their products. Their machines often consist of thousands of components, sub-assemblies and materials, which all need to be accounted for. This intricacy extends to the bills of materials (BOMs) required to assemble these machines. With an Enterprise Resource Planning (ERP) system tailored for manufacturing, IME producers can excel in managing the accuracy of their BOMs, while providing precise costing information on demand in real-time. Unique scheduling and resource management IME manufacturers frequently deal with custom orders, specialised machinery and unique production schedules. A standard ERP system may not be equipped to handle these intricacies effectively. To manage their unique scheduling requirements better, ensuring efficient resource allocation, meeting lead times and minimising downtime, they should consider complementing their ERP system with a fully integrated Manufacturing Operations Management (MOM) solution. MOM […]