How to make better business decisions using manufacturing software
How to Make Better BusinessDecisions, or, Why Software Is So Important in Managing Your Manufacturing Operations By Brad Tornberg
Why is Manufacturing Software Important?• Make Manufacturing paperless• Provide a Historical Perspective• Creates integrated processes – CAD -> BOM -> SF• Identify Costing trends – RM and Production• Sales Analysis and Sales Trends• Inventory Control
Benefits of Using Manufacturing Software• Material Requirements Planning – Requirements vs. Replenishments• Scheduling – Finite, Infinite, Rough Cut (or bottleneck) – Resource Management• Contract management – Are my vendors the problem?• Capacity Planning – Build and Deliver• Lot/Serial Control and Traceability - Legal• Accurate Costing & Multiple Costing Methods• Labor Performance• Shop Floor Control & Work Orders• Requisition & Purchase Control
Benefits of Using Manufacturing Software• Detailed Product Costing and Structure Analysis• Overhead tracking and management• Setup - Ability to copy similar products – Quick Turn• Engineering Change management• Vendor management and alternative/best supply
Benefits of Using Manufacturing Software• Supply Chain Management - Smoothing – Respond to interruptions quickly – Have alternative supply relationships established – Better On Time Delivery Performance – Productivity and Efficiency – Profitability through reduced costs – Interruptions = greater cost – Provides real time access to production data – Supports lean principles
Other Benefits• Improve quality control by using software to manage manufacturing processes• Increase communication across the enterprise with integrated data• Streamline the ordering process from receiving orders to fulfillment• Plan demand with better forecasting of upcoming orders• Easily generate reports to better understand your companys financial position• Allow easier implementation of formal methodologies such as Kaizen, JIT and Kanban• Other costs – Landed Cost tracking, Outside Processing Costs & Tooling Costs, rework costs, etc.
Some things to consider…• Software is an investment – not a cost• Allows the business to run without dependency on any one individual• Significantly improves the overall valuation of your company to bankers, investors, partners and potential buyers.• Improves the overall speed and agility of the company to make decisions and change direction• Information gives you knowledge and knowledge gives you power• If your not - your competitors are!
Need to know more or have nay questions…• Contact me – Brad Tornberg – firstname.lastname@example.org• (732) 735-6429• Or the good people from Passport Software!