Now, as the world is getting back on track to some extent after the global pandemic, the industries are trying to regain the momentum they lost in that period, including the manufacturing sector. However, for discrete manufacturers and distributors to make their businesses a profitable success again, it’s necessary to streamline all processes with clear data insights and uninterrupted visibility over inventory, shop floor and supply chain.
This all and a lot more relies on having a flexible ERP software for manufacturing in place. Using an integrated, fully scalable platform like MIE Trak Pro ERP, you can optimize and streamline every aspect of your business that will help you keep total manufacturing costs down.
Below are the ways in which this flexible manufacturing solution empowers you to transform and improve your business processes for enhanced growth and profitability.
1. Decreased Production Bottlenecks:
Since sales and purchase orders are directly linked to your real-time inventory and warehouse data, an ERP system helps you automate how you manage and monitor your sales, purchases and inventory. You can perform instant tracking of stock levels that will help you achieve a more streamline production environment with fewer bottlenecks and thereby, timely fulfillment of production orders.
With MIE Trak Pro, you can have well-balanced order and inventory levels and avoid the overlapping of concurrent orders.
2. Accurate Allocation of Resources:
Bill of material (BoMs) and work orders are essentially important to ensure quick and exact allocation of both tangible and intangible resources. You can easily create production orders based on clearly defined BoMs. Moreover, your required resources, materials available and cost, etc., will be automatically added to the work orders. In this way, using an ERP system, allows you to correctly allocate the resources and raw materials for uninterrupted production.
MIE Trak Pro integrates all your BoMs and work orders to minimize the waste by accurate distribution of the components, resources and materials for production, assembly and sales.
3. Greater Visibility Across Supply Chain
Real-time, consolidated data and visibility across all verticals are a precious commodity in any business. As a manufacturer, you must have greater control on the supply chain to make well-informed decisions and that will come through enhanced visibility. With exact information about your inventory stock levels and supply chain, you will be in a better position to respond to client demands, and control production orders and their manufacturing costs.
With a reliable ERP software like MIE Trak Pro, you will be having a centralized database with accurate insights and real-time reporting to bring all your corporate data together to get supply chain visibility – to meet production targets and increase profits.
4. Inventory & Production Management:
To improve on-time delivery and customer satisfaction, inventory management with cost-effective production is vital. MIE Trak Pro provides the best-practice functionalities to optimize and manage your inventory and manufacturing requirements. This platform helps you with core production planning, including sales orders management, material requirement planning and also provides multi-level BoMs.
Moreover, this manufacturing ERP with inventory management app gives you real-time access to accurate stock information across multiple locations and warehouses. Wherever you are, in the office, at the shop floor or warehouse or at any remote location, it will provide you exactly the support you need to manage inventory and production orders.
5. MRP for Optimum Production:
In manufacturing, when you have to deal with multi-level production processes, you need to specify stock, timelines and data sources so that you can incorporate machine capacity. And, for this you need suitable.
MIE Trak Pro offers MRP functionality so that you can keep your production planning and process execution on track. It helps replace the informal production scheduling with a fully streamlined, well-structured process that uses real-time data from multiple resources, including BoMs, inventory, POs, etc. You can have a clear picture of your production processes and supply chain with the MRP module.
Contact us to find more about MIE Trak Pro – Book A Free Demo Now!
Source: https://www.mie-solutions.com/mie-blog/erp-software-for-manufacturing-improve-business-processes
Time phased planning is essential for procurement, resource planning, and production.
Many companies implement capacity planning without considering the future – they mostly focus on meeting today’s needs.
This is one of the major areas manufacturers often fail to consider and by doing so they even leave the significance of ERP software value on the table.
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The Global Polyvinyl Alcohol Fibers Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 gives an evaluation of the market developments based on historical studies and comprehensive research respectively.
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According to a research report "Cognitive Assessment and Training Market by Assessment Type (Pen- and Paper-Based, Hosted, Biometrics), Component, Application (Clinical Trial, Screening & Diagnostics, Brain Training, Academic Research), Vertical, and Region - Global Forecast to 2021", published by MarketsandMarkets, the cognitive assessment and training market size is expected to grow from USD 1.98 Billion in 2016 to USD 8.06 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 32.3%.Browse 63 market data tables and 47 figures spread through 150 pages and in-depth TOC on "Cognitive Assessment and Training Market - Global Forecast to 2021"The major forces driving this market are aging global population, increasing awareness about brain fitness, and advancements in technology.
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The assessment of cognitive functions is an integral part of decision-making during clinical drug development, as certain drugs can have an impact on the cognitive capabilities of the brain.
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The new generation in this region is more concerned toward the benefits of cognitive training, which is not just limited to patients with cognitive dysfunctions.
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