Business Automation and Software Blog

The manufacturing industry is a competitive one. Suppose your company is at the point of either implementing a new ERP or upgrading to the latest version of an existing one. In that case, you must find a solution supporting smart manufacturing. An ERP chat bot is one of the critical features of smart manufacturing, and AI (artificial intelligence) is improving these digital bots to make them more effective for sales and customer service roles. 

The modern manufacturing business is challenging. Multiple factors, such as the increasing cost of raw material prices, continuing load-shedding, challenges managing shop-floor processes, and a weak economy all contribute to the uncertainty of running the business. Business owners know that digital technologies have already led to manufacturing process improvement, resulting in increased efficiency and better overall business performance.

Quality management (QM) is the series of steps that ensures activities required to make products are performed to the highest possible standards. QM requires a commitment from everyone involved in the company, from the executive suites to the shop floor, to follow the stated quality policy. As a manufacturer interested in introducing QM to your facility, you need to know the specific strategies needed to make it a success.

Before your company embarks on an Enterprise Resource Planning (ERP) implementation journey, it’s crucial to build a business case to calculate the potential ERP ROI (Return on Investment), Taking this step will shine a light into all the corners of the business to reveal the challenges and pain points that are holding the business back.

Keeping track of goods is one of the most challenging aspects of running a business that carries inventory. If you have been relying on spreadsheets or another outdated system to manage your inventory records, you have no doubt been finding the process challenging. Deciding to use AI in inventory management means the records will always be up to date, along with several other advantages.

Artificial intelligence (AI) has become a transformative force in multiple industries, including manufacturing. AI in manufacturing has introduced a significant change in the industry with its potential to impact production, improve efficiency, and drive innovation.

For today’s manufacturing and distribution companies, inventory management automation is the answer to issues they are having with forecasting, tracking inventory, and fulfilling orders promptly. Access to more real-time data and a higher level of transparency streamlines business processes.

Traditionally, a company’s Chief Financial Officer is responsible for overseeing its business budget, including planning and forecasting. The 2022 edition of Sage Global Planning, Budgeting, Forecasting, and Reporting survey addressed this trend and included details about how leading company CFOs approach these business practices.

Accounting software in the cloud is quickly becoming a common choice for many businesses. According to Gartner Research, the majority of companies plan to implement a cloud-first strategy by 2025.

Changing a company’s financial management and business systems to the cloud may seem like a daunting task. Numerous organizations have concerns about whether they have the right combination of personnel, skills, and technology available to put this type of digital transformation in place.

If you own or manage a distribution business, you’re already aware that it is a thin-margin venture. It’s not unusual to lose money on many of the items you have in inventory. The entire wholesale-distributor industry achieves an average net profit of 4% annually (The National Association of Wholesalers and Distributors). Distribution companies that achieve these profit levels (or higher) rely on monitoring distribution KPIs (Key Performance Indicators) to control expenses and maximize profits.