Boomi, a Dell Technologies business, has announced results from its ERP Innovator’s Dilemma report, which finds manufacturers investing in modernising legacy ERP systems.
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.
Jul 20, 2020 Comments (0)
Returning to the workplace following lockdown will no doubt be met with mixed responses writes Felicity Staff, Senior Legal Advisor at Make UK.
Jul 20, 2020 Comments (0)
The proportion of UK small businesses predicting growth has almost doubled in just three months – from 14% to 27% – giving one of the first tangible indications that the Government’s easing of lockdown is having a positive impact on a key area of the UK economy.
Jul 16, 2020 Comments (0)
As the coronavirus pandemic spreads across the globe and governments take different approaches to tackling the virus, Ease, the provider of mobile audit and insights software for manufacturers, has released exclusive findings, using its own plant floor insights to monitor manufacturing activity across different countries since the COVID-19 outbreak.
British businesses call for urgent Government action to support a technology-led recovery, as Sage report reveals 1.4m SME jobs at risk
Jul 15, 2020 Comments (0)
Sage, the cloud business management solutions provider, has launched new research revealing 62% of small and medium sized enterprises (SMEs) have made or are planning to make redundancies following the Covid-19 pandemic. This equates to 1.4m jobs at risk if the Government fails to take decisive action now.
AI expected to transform supply chains despite it only being used by a quarter of manufacturers in their supply chains
Jul 09, 2020 Comments (0)
More than four out of ten (43%) of senior decision-makers at mid-market discrete manufacturers identified artificial intelligence (AI) among technologies likely to have the greatest impact on supply chains over the next three years, putting it well ahead of other innovations like the Internet of Things (31%) and blockchain (24%).
Jul 09, 2020 Comments (0)
Manufacturing and distribution businesses are set to benefit from optimised production processes, enhanced traceability and new digital tax automation as SYSPRO makes significant upgrades to its industry-built Enterprise Resource Planning (ERP) solution.
Jul 08, 2020 Comments (0)
Centric IT Solutions transferred its Oracle JD Edwards business unit to the Oracle Platinum Partner Steltix on 1 July 2020.
Jul 07, 2020 Comments (0)
Britain’s manufactures are urging the Chancellor to pull every financial lever at his disposal in his forthcoming Summer Statement and put Industry, skills and job creation at the forefront of plans to rebuild the economy with skills, green and digital technologies at its heart.
Manufacturing industry optimistic for recovery from COVID-19 despite supply chain concerns, finds SteelScout survey
Jul 07, 2020 Comments (0)
A new survey from SteelScout has found that more than 60% of professionals in the manufacturing industry expect the sector to recover from COVID-19 and return to business as usual by mid-2021.
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.