Eight in ten (83%) of manufacturing firms in the UK have had a software investment fail to meet expectations, according to new research.
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.
Manufacturers remain bullish on digital transformation, despite eight in ten reporting failed software investments
Sep 13, 2023
Make UK and the British Healthcare Trades Association join forces to drive innovation in the UK healthcare manufacturing sector
Sep 11, 2023
Make UK, the UK organisation for the manufacturing and engineering sector, and the British Healthcare Trades Association (BHTA), the trade association for the healthcare and assistive technology sector, have announced their new partnership, aimed at fostering collaboration and growth for UK healthcare manufacturing companies.
Large UK businesses pay quarter of invoices late and payment times virtually unchanged since 2018
Aug 31, 2023
One in four invoices received by large businesses are paid late and there has been no improvement in the average time it takes to pay suppliers, according to analysis of UK Government data by the Chartered Institute of Procurement & Supply (‘CIPS’).
The hidden costs of legacy technology
Aug 31, 2023
By Nia Batten, Head of Cloud and Platforms, esynergy.
As the economic turbulence of the past few years continues to send shockwaves across the global economy, business have markedly intensified their focus on cutting costs where possible. Some of these cost-minimising measures, however, may actually have the opposite effect.
Manufacturing firms leading the way with user-friendly job applications
Aug 31, 2023
New industry data has revealed that manufacturing firms are offering some of the best candidate experiences during job application processes.
Sticking It Together: Unveiling the Power of Industrial Adhesives in Revolutionizing Manufacturing
Aug 30, 2023
By Greg Thomas, freelance writer.
When manufacturing, these unassuming substances play a crucial role in bringing products together. From the aerospace and automotive industries to electronics and construction, industrial adhesives provide a reliable bond that withstands immense pressure and holds everything in place.
What role does automation play in the manufacturing supply chain?
Aug 30, 2023
In broad terms, automation is a term for technology applications with minimal human input. Whereas automation capabilities may have been regarded as science fiction at one point in the past, it is now definitely coming of age, especially in the supply chain realm.
Wiliot recognised as a Sample Vendor in Seven 2023 Gartner Hype Cycle Reports
Aug 28, 2023
Wiliot, the Internet of Things solutions provider, has been recognised as a Sample Vendor in seven 2023 Gartner Hype Cycle Reports.
IT is the best sector to invest in, new study reveals
Aug 24, 2023
IT is the best sector to invest in based on average returns, a new study reveals.The study, conducted by InvestinGoal.com, analysed the consistency, reliability, and average returns of all sectors that the companies within the S&P 500 index are divided into to identify the most lucrative investment opportunities.
Make UK comment on A and T Level results
Aug 22, 2023
Commenting on A Level results, Jamie Cater, Senior Policy Manager at Make UK, said: “The T Level and A Level results are promising for manufacturers who are looking to secure the next generation of skilled workers. More students received the highest grades in STEM A Level subjects than before the pandemic – positive news for the sector.
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.
