Process manufacturing businesses are those that create products that cannot be returned to their original form. This can include many things, like soda, which, once mixed, cannot be separated back into its original ingredients.
Since the economic decline in 2008, process manufacturing facilities worldwide have struggled to make a comeback. Each company has unique issues, but there are common problems that affect the entire industry.
According to an article by Mike Lorge, the managing director of Sage Business Solutions:
Process manufacturing industries are among some of the most heavily regulated … and in many respects, process manufacturers are just starting to get back on their feet again … ageing infrastructure and high costs are just two of the issues that need to be overcome on a daily basis … Process manufacturers are also facing difficulties when it comes to complying with new environmental and safety regulations.
In addition to needing to meet these challenges to move forward, processing manufacturers also face the difficulty of staying ahead of the competition. The process manufacturing market is a competitive one, and businesses are always looking for an edge.
But what will that edge be? Mike Lorge says it will be enterprise resource planning (ERP) software.
ERPs offer an advantage because the software allows process manufacturers to enhance their efficiency with complete visibility into projects. With better efficiency comes better customer service; better efficiency and better customer service combine to give process manufacturers the edge that they desperately need.
Process manufacturing ERP software provides a new set of ‘eyes’ to reduce the risks inherent in this sector, such as losing track of a ‘bad’ lot. It also improves quality control and compliance issues with real-time data that monitors inventory levels, sales activity, and purchasing activity. Other areas – invoices, shipping information, etc. – can also be monitored and customized for better control.
The needs of providing great service, controlling costs, and being compliant with environmental and safety regulations require a delicate balancing act. Spending too much or too little are both concerns, but a good ERP solution should address process manufacturers’ issues and get them back in the game.
Contact Oates & Company to figure out which software best meets your needs.
