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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Manufacturers’ understanding of IoT’s value drops 14% in one year, industry study finds

Manufacturers’ understanding of IoT’s value drops 14% in one year, industry study finds

Despite almost two-thirds (63%) of manufacturers running at reduced capacity over the past year, the Internet of Things (IoT) still wasn’t able to make its long-awaited transition from intention to adoption in 2020.

How technology innovations have helped fast-track the low-touch economy

How technology innovations have helped fast-track the low-touch economy

Many industries have had to quickly adapt to new operational guidelines due to the coronavirus outbreak completely changing the economy and the way we live our lives. Many professions that the public took for granted were prevented from operating under their normal circumstances.

Better Factory unlocks access to funding for digital transformation of the European manufacturing industry

Better Factory unlocks access to funding for digital transformation of the European manufacturing industry

The Better Factory initiative, funded under the European Commission H2020 programme, aims to help European manufacturers become more competitive in the global market by providing up to 200K EUR in equity-free funding to develop and deploy collaborative intra-factory experiments.

Seven ways to accelerate B2B digital transformation

Seven ways to accelerate B2B digital transformation

By Martin Brierley, Creative Partner at Candyspace.

Digital Transformation can mean many things for many different businesses. But there will be common threads for companies running across diverse sectors.You might be surprised by some of the common pain points, solutions and opportunities which unite B2B business leaders challenged with bringing their companies headlong into the Post Covid world.

UK recovery accelerates as number of sectors in growth mode hits six-month high

UK recovery accelerates as number of sectors in growth mode hits six-month high

The number of UK sectors reporting output growth rose to a six-month high in March, according to the latest Lloyds Bank UK Recovery Tracker, as businesses prepared for the end of the third lockdown.

Rockwell Automation and Comau Partner to simplify robot integration for manufacturers

Rockwell Automation and Comau Partner to simplify robot integration for manufacturers

Rockwell Automation Inc., the industrial automation and digital transformation solutions provider, and Comau, the industrial automation solutions and robot manufacturer, are joining forces to give businesses worldwide vital tools to maximise manufacturing efficiencies through unified robot control solutions.

Customer adoption accelerates as Avaya Cloud Office adds new features enabling businesses to leverage cloud communications empowering their workforce

Customer adoption accelerates as Avaya Cloud Office adds new features enabling businesses to leverage cloud communications empowering their workforce

Avaya and RingCentral Inc. have announced global expansion and new features for Avaya Cloud Office by RingCentral as customer adoption continues to grow.

Make UK launches re-branded Defence Trade Association

Make UK launches re-branded Defence Trade Association

Make UK has re-launched its specialist defence and space Trade Association, formerly NDI, as Make UK Defence.

ArcelorMittal and Infosys announce strategic collaboration for digital transformation

ArcelorMittal and Infosys announce strategic collaboration for digital transformation

Infosys has entered into a strategic long-term collaboration with ArcelorMittal, the steel and mining company.

The digital transformation dilemma: UK employees want pandemic-era tech to stay, says research

The digital transformation dilemma: UK employees want pandemic-era tech to stay, says research

As the UK prepares to return to normal in the coming months and industries reopen, research from The Workforce Institute at UKG reveals that as a result of the COVID-19 pandemic, 87% of UK workers have been propelled into the future of work by accelerating their digital transformation projects.

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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