Given that the concepts behind Materials Requirement Planning are now around fifty years old, you might think that Enterprise Resource Planning (ERP) and its siblings would now count as ‘mature’. But in fact ERP/MRP is only just getting started, and the best is yet to come.
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.
New MERICS China Forecast Survey: Stability and self-reliance in China, entrenched competition with the US and a mixed bag for EU-China relations
Jan 15, 2021 Comments (0)
How will Chinese domestic politics evolve in the year of the Chinese Communist Party’s (CCP) 100th anniversary? Which issues are keeping Beijing up at night, and which new trends will define Sino-European relations going forward? To shed some light on these issues, MERICS conducted a survey of some 170 European China experts and roughly 1,000 members of the wider international public in December and early January.
Jan 07, 2021 Comments (0)
By Matt Chubb, Chief Technology Officer at Razor.
There’s always been divided opinions when it comes to AI. Amidst the tropes and the fear, businesses often hype the technology as a magic wand with the power to grant rapid transformation. However, in manufacturing specifically, although 60% of companies are aware of the benefits that AI could bring to their business, only 23% are currently using it.
Jan 04, 2021 Comments (0)
IT managed service provider, Timico, has been appointed by Roxel UK to implement MiCloud Flex solutions and drive successful digital transformation across the organisation.
Dec 31, 2020 Comments (0)
DP Technology, the developer of computer-aided manufacturing (CAM) software, has introduced a new update to their popular New ESPRIT series.
Dec 25, 2020 Comments (0)
While 2020 was a year of innovation in digital services, the focus in 2021 is likely to be more about consolidation. After ensuring over the past 12 months that employees could work remotely, the next step is to keep users at the heart of digital strategies.
Dec 22, 2020 Comments (0)
Business finance experts worry that troubled businesses will be discouraged from claiming the job support scheme funding as employers who claim under the scheme for the month of December onwards will be published online by HMRC.
Dec 18, 2020 Comments (0)
As part of Aruba’s drive to deliver cloud-based networking solutions with flexible OPEX and pay-per-use investment models through channel partners, enterprise network specialist Ensign is now a certified MSP (Managed Services Provider).
Dec 16, 2020 Comments (0)
Avast (LSE:AVST), the digital security and privacy products provider, has found that almost 40% of small business employees think that a staff member who unknowingly clicks a malicious link would be held personally responsible for a data breach, which could be encouraging employees to keep quiet rather than flagging a potential threat.
Dec 16, 2020 Comments (0)
BASDA (‘The Business Application Software Developers Association’) and the Institute of Directors (‘IoD’) have voiced their concerns that core business systems may not be fully ready for 1st January 2021 despite all the industry’s best efforts.
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.