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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Manufacturing activity worldwide jumped in May – The GEP Global Supply Chain Volatility Index

1 Manufacturing activity worldwide jumped in May – The GEP Global Supply Chain Volatility Index

The GEP Global Supply Chain Volatility Index — the indicator tracking demand conditions, shortages, transportation costs, inventories and backlogs based on a monthly survey of 27,000 businesses — increased notably in May to 0.21, from -0.18 in April.

Epicor collaborates with Climatiq to help supply chain businesses address sustainability goals

2 Epicor collaborates with Climatiq to help supply chain businesses address sustainability goals

Epicor announced at Epicor Insights Europe 2024 its collaboration with Climatiq Technologies GmbH to introduce advanced carbon intelligence calculations and reporting into Epicor’s suite of Sustainability Management solutions.

Major energy savings opportunity for manufacturers enabled by energy-as-a-service arrangements

3 Major energy savings opportunity for manufacturers enabled by energy-as-a-service arrangements

New research from Siemens Financial Services (SFS) estimates the significant energy savings manufacturers could make through a wide scale deployment of energy-as-a-service arrangements.

Cloud managed services market is projected to increase at a CAGR of around 9.6% by 2032 – Fact.MR says

4 Cloud managed services market is projected to increase at a CAGR of around 9.6% by 2032 – Fact.MR says

The cloud managed services market revenues were estimated at US$ 86.1 Bn in 2021 and is anticipated to grow at a CAGR of 9.6% from 2022-2032, according to a recently published Fact.MR report.

Industry investing in workforce wellbeing with nearly half increasing spending despite difficult economic conditions – Make UK research

5 Industry investing in workforce wellbeing with nearly half increasing spending despite difficult economic conditions – Make UK research

Over the past year, manufacturers have maintained their health and wellbeing commitment, with spend remaining consistently high. Companies have largely increased their level of investment (48.6%) or kept it at the same level (45.7%) in spite of difficult economic conditions.

UK manufacturers see revenue drop in Q1 2024, new figures show

6 UK manufacturers see revenue drop in Q1 2024, new figures show

SME manufacturers saw revenue decline by 10% in the first quarter of the year, according to new figures.

New Calibrationhouse capabilities deliver improved on-site calibration

7 New Calibrationhouse capabilities deliver improved on-site calibration

Calibrationhouse, a leader in UKAS-accredited calibration services, has announced a new suite of extensive calibration capabilities to streamline and enhance equipment calibration for the manufacturing industry.

IFS launches compelling industrial AI capabilities in latest release of IFS Cloud

8 IFS launches compelling industrial AI capabilities in latest release of IFS Cloud

IFS, the technology provider of enterprise cloud and industrial AI software, has announced the general availability of its latest IFS Cloud release.

IDTechEx explores 3D electronics and additive electronics in the automotive industry

9 IDTechEx explores 3D electronics and additive electronics in the automotive industry

With 3D electronics, bulky PCBs can be replaced, resulting in sleek and integrated designs. The automotive industry is one of the largest sectors benefiting from this technology, as electronics can be printed in a thin layer onto surfaces or integrated within components, which can be particularly useful for human-machine interfaces (HMIs).

Haier Europe adopts Orange Business Evolution Platform to build a scalable, secure, and responsive infrastructure to support its growth

10 Haier Europe adopts Orange Business Evolution Platform to build a scalable, secure, and responsive infrastructure to support its growth

Haier Europe, part of Haier Smart Home – global provider of major appliances with brands such as Candy, Hoover and Haier – has chosen Orange Business connectivity and IoT services to help innovate its sustainable solutions, while optimising resource consumption and extending the life of products.

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.

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