Firms must be ready to adapt to potential new regulations

By Mark Hughes, regional vice president, UK and Ireland at Epicor Software.

The recent warning that the manufacturing sector is “woefully unprepared” for a no-deal Brexit serves as a stark reminder that firms must be ready to adapt to potential new regulations that could alter trade processes and possibly affect growth trajectories.

Manufacturers should use reliable business software to supply ‘on demand’ information for business performance data analysis, so that they canplan, and revise plans, accordingly to sector turbulence. This will help firms not only maintain market share, but thrive and grow in the global economy.

Future manufacturing performance will also depend on firms being prepared to adapt to potential new regulations—and ERP systems make it easy for businesses to move to a leaner, paperless manufacturing environment, storing any document in a digital format and attaching this to any transaction, order or product item.

With a few clicks, manufacturers can generate proof of origin documentation, maintain material planning information, manage compliance and control checks for international export rules, and more. These systems can also provide the deep insights that will make it possible for manufacturers to analyse the performance of contingency plans, and identify which technical and organisational factors need to change to assure future growth.

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