Process manufacturers do not have the sophistication of converting back their end product into base components, but there are more complexity associated with process manufacturing. Here are the 6 challenges that process manufactures face and how an ERP solution like Sage Enterprise Management (EM) can help solve it.
A new year is here, and it’s an ideal time to review your business practices in addition to your personal goals. The retail industry has seen many changes in the last decade, and whether you’re running a brick and mortar store or an online shop, there are always a few key areas to keep an eye on.
New small businesses face unique financial management challenges because they don’t share the same advantages that larger corporations do in the marketplace. Cash flow is a primary concern. Even with a promising product or service that is performing well, and deals being made that will pay out in the future, there is still a limited amount of cash on hand to pay for current expenses. Owners may not receive a steady income for an uncomfortable length of time because paying employees and the bills come first.
The early stages of a start-up are an exciting time filled with hopes and fears alike. You have an idea that people really need and will find greatly useful. Planning and executing your innovative, unique, and possibly risky idea can be thrilling, but it requires a delicate balancing of sober preparation and careful management with bold moves and forward momentum. Accessing the right resources and expertise, research, and finding the best people are the foundation for success.
Sage ERP, along with innovations such as the Internet of Things (IoT), is changing how manufacturers view and use best practices. The Internet of Things is the interconnectivity of devices and objects in which software is embedded to track data. Through the IoT, networks can include buildings, vehicles, software, and more. The data derived from the IoT can improve delivery times, production management, safety, and much more, depending on how it is used. Used wisely, the IoT—along with Sage ERP—can provide you with unprecedented amounts of data that can help you manage all aspects of your business better. Monitor Shop Floors One of the innovations affecting manufacturing from the IoT is the ability to monitor conditions on the shop floor. Sensors embedded in equipment, pallets, trucks, and other devices can relay information and make adjustments based on real-time data. For example, think about plant equipment that can get hot during operations. Plant equipment sends temperature data to the HVAC controls, which understands that the rising temperatures may affect quality output. It then adjusts the fans to blow cool air over specific equipment in use, and keep the temperature at an optimal level, so that outputs maintain quality standards. Such equipment […]