Manufacturing Software, ERP, MRP

Manufacturing software systems are important tools for the automation and management of production processes. A wide range of manufacturing companies covering many different vertical sectors rely on manufacturing software to better manage the sourcing and use of material or parts quantities, scheduled production timelines, inventory management and the planning for future order demand. One commonly deployed example of a manufacturing software system is an Enterprise Resource Planning (ERP) solution, designed to better manage information concerning orders and materials, finance, Customer Relationship Management etc. over the whole organisation.

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TouchPath WMS system chosen to support manufacturer's expansion

TouchPath WMS system chosen to support manufacturer's expansion

International supply chain solutions provider TouchPath is installing its 'TouchWMS' warehouse management system to support manufacturer Norcros Adhesives' company growth.

Cisco survey reveals close to three-fourths of IoT projects are failing

Cisco survey reveals close to three-fourths of IoT projects are failing

IDC predicts that the worldwide installed base of Internet of Things (IoT) endpoints will grow from 14.9 billion at the end of 2016 to more than 82 billion in 20251.

Skills shortage is top risk facing manufacturers, survey finds

Skills shortage is top risk facing manufacturers, survey finds

New statistics, taken from a manufacturing industry survey by audit, tax and consulting firm RSM, show that recruiting and retaining talent is a top risk for the sector.

£15.5bn invested in deals between manufacturing corporates and UK SMEs since 2013

£15.5bn invested in deals between manufacturing corporates and UK SMEs since 2013

Deals between large manufacturing companies and UK SMEs are widespread with more than 770 since April 2013, known to have exceeded £15.5bn.

TIBCO Software to Acquire Data Science Platform Leader Statistica

TIBCO Software to Acquire Data Science Platform Leader Statistica

TIBCO Software Inc., a global player in integration, API management, and analytics, has entered into an agreement to acquire Statistica, a leader in data science.

Rajant advances onboard intelligence for UAVs, opening up commercial opportunities for drone manufacturers

Rajant advances onboard intelligence for UAVs, opening up commercial opportunities for drone manufacturers

Rajant has announced advancements in its Kinetic Mesh Wireless Network technology that will power in-air mesh networks, enabling drone manufacturers to strengthen drone-to-drone and drone-to-ground communications.

Rinsing your customers' IT budgets: Squeezing every last bit out of their existing IT infrastructures

Rinsing your customers' IT budgets: Squeezing every last bit out of their existing IT infrastructures

By Paul Reynolds, Northern Europe Manager, Crucial.

With worldwide IT spending forecasts failing to meet projections, your customers' IT budgets will continue to be strained, as they struggle to keep up with the explosive demands of an increasingly virtualised world.

UK wasting £37 billion a year on failed agile IT projects

UK wasting £37 billion a year on failed agile IT projects

British business is set to waste an estimated £37 billion on failed Agile IT projects over the course of the next 12 months, according to a new report from independent IT consultancy 6point6.

Manchester Business School forms Digital Skills Agreement with Infor

Manchester Business School forms Digital Skills Agreement with Infor

Infor, provider of business applications specialised by industry and built for the cloud, has announced an agreement with The University of Manchester, Alliance Manchester Business School (Manchester Business School).

EEF - Manifesto calls on next Government to enhance UK position as manufacturing powerhouse

EEF - Manifesto calls on next Government to enhance UK position as manufacturing powerhouse

Britain could build on its position as a modern manufacturing powerhouse if the newly-elected Government commits to a long-term, ambitious industrial strategy, says EEF, the manufacturers' organisation in its newly published manifesto.

Manufacturing software systems

Manufacturing software systems provide the automation and computational support for complex manufacturing processes. Manufacturing companies leverage manufacturing software systems to carefully manage the timing, types and quantities of materials they purchase in order to ensure that they are able to meet current and future customer demand while at the same time achieving the lowest possible cost and inventory accumulation.

 

Enterprise resource planning (ERP) systems integrate internal and external management information across an entire organization, embracing finance/accounting, manufacturing, sales and service, customer relationship management, etc. ERP systems facilitate the flow of information between all business functions inside the boundaries of the organisation and manage the connections to outside stakeholders.

 

Manufacturing resource planning (MRP II) addresses operational planning in units, financial planning, and has a simulation capability to answer "what-if" questions and extension of closed-loop MRP.

 

CRM or Customer Relationship Management concerns the relationship between an organisation and its customers. The scope of CRM which can vary drastically as it can be used by management, salespeople, people providing service, and even customers could directly access information to find out information.

 

Cloud computing can be defined as the set of hardware, networks, storage, services, and interfaces that combine to deliver aspects of computing as a service. Cloud services include the delivery of software, infrastructure, and storage over the Internet and is based on user demand. Cloud Computing  is the latest stage in the Internet's evolution, providing the means through which everything , from computing power to computing infrastructure, applications, business can be delivered to you as a service wherever and whenever you need.

 

Cloud computing has some essential characteristics: scalability depending on requirements, offers a way to increase capacity or add capabilities on the fly without investing in new infrastructure, eliminates the need for on-site personnel to maintain computer equipment. No up-front CAPEX (capital expenditure) required, as billing is a pay-as-you-go model, access to the very latest application programming interfaces (APIs).

 

SaaS (software as a service) is a type of cloud computing delivering a single application through the browser to thousands of customers using a multitenant architecture. On the customer side, it means no upfront investment in servers or software licensing; on the provider side, with just one app to maintain, costs are low compared to conventional hosting. SaaS is emerging to provide service to all aspects of an organisation`s activities in the areas of Manufacturing, ERP, Demand Forecasting, Advanced Planning, S&OP, Supply Chain, Warehousing, Transport Management and HR (human resource).

 

Business intelligence (BI) is a set of theories, processes and technologies that convert raw data into useful information for business purposes. BI can handle large amounts of information to help identify and develop new opportunities to gain market advantage over competitors. The amounts of data that are now being gathered as a result of because they are increasingly being gathered by a growing range of diverse and ubiquitous information-gathering devices.

 

These data sets become so large and complex that it becomes difficult to process using on-hand database management tools or traditional data processing applications. The trend to larger data sets is due to the additional information derivable from analysis of a single large set of related data, as compared to separate smaller sets with the same total amount of data. The current challenges of BIG DATA include the capture, storage, search and share capability, transfer, analysis, and visualisation. Every day, we create 2.5 quintillion bytes of data — so much that 90% of the data in the world today has been created in the last two years alone. This data comes from everywhere: sensors used to gather climate information, posts to social media sites, digital pictures and videos, purchase transaction records, and cell phone GPS signals to name a few. This data is big data.

 

It is estimated that the world's technological per-capita capacity to store information has roughly doubled every 40 months since the 1980s. The challenge for large enterprises is determining who should own big data initiatives that straddle the entire organisation and how this data can be used as a source of revenue and to gain competitive advantage.