A whitepaper recently stated that 79 percent of the manufacturers surveyed indicated that new technology dramatically improved their supply chain management. It seems that investing in new technology can yield great benefits. With Sage X3 and Sage 300cloud (formerly known as Sage 300), among other choices, you can better manage all of the steps in your manufacturing process and improve customer satisfaction and fulfillment speed.
Information Is Power
Having accurate information from all points of the supply chain can provide timely data for decision-making. Managing costs, reducing downtime and inventory excess, as well as demand forecasting, requires access to data from throughout the entire supply chain. Without it, you may miss something important, leading to bad forecasts and poor judgment.
Real-time visibility, along with collaboration from all points of the supply chain, provides you with the information that you need to stay on top of the daily changes in your business. Sage X3 and Sage 300cloud (formerly known as Sage 300) can help you to do this. Information is power, and with the right system at work for your manufacturing operation, you can use that power to grow your revenues.
Make Better Business Decisions
Data, not guesswork, undergirds important business decisions. When your entire supply chain receives real-time data, you’ve got the information you need that eliminates guesswork.
Better business decisions are based on accurate, timely data. With such data, you can:
- Manage inventory better
- Optimize turns
- Reduce overhead
- Control the order process
- Communicate order status
- Procure materials quickly
- Reduce excess production and related costs
- Identify and correct inefficiencies
- Improve staffing by moving workers to key demand spots
All of these benefits are like separate roads leading to one goal: revenue growth. By reducing costs, selling more, and better managing inventory and shipments, you’ll improve inventory management, order fulfillment, and customer satisfaction. This can lead to repeat business, lowered costs and higher profits. It’s a winning proposition.
The Right Data in the Hands of the Right People
Data by itself, however, is just raw information. It requires interpretation and evaluation before action can be taken. First you need to get that information into the hands of the right people in your organization. Managers who are empowered with data can act quickly and make decisions that can positively impact operations and productivity.
Managing Problems with Confidence
Another benefit from investing in new supply chain management and ERP software such as Sage X3 and Sage 300 is the ability to manage and respond to potential problems with confidence. Recall notice? Not a problem. A centralized system can alert all parts of the supply chain that products must be pulled from inventory and replaced. The same with issues such as product defects, mistakes in packaging, and other typical manufacturing problems.
It’s not whether or not problems will occur, it’s how you handle them when they do occur. But you can’t handle what you don’t know. With the right software communicating throughout your supply chain to managers and other key employees, you can both manage and respond to problems swiftly and efficiently.
Learn More About How Sage X3 and Sage 300cloud (formerly known as Sage 300) Can Improve Supply Chain Management
Learn more about how Sage solutions, including Sage X3 and Sage 300cloud (formerly known as Sage 300), can help you grow your business. From supply chain management to people management, Sage’s technology solutions can make your business more efficient and effective.
IWI Consulting has a unique offer we’d like to share with you this month. We’d like to invite you to download our free whitepaper, Efficiency, Alignment, and Insight: Using Technology to Drive Manufacturing Improvements today. In this paper, you’ll learn how manufacturers of all sizes are able to improve their profits by implementing more efficient systems. Supply chain management is a vital part of this process.
IWI Consulting can help you choose the right manufacturing ERP solutions for your business needs. From products such as Sage X3, Sage 300cloud (formerly known as Sage 300), and others—to understanding which solutions fit your business and can help you achieve your goals—our knowledge, skills and experience can help you improve processes, reduce costs, and improve revenues.
Please contact us today or call 1-866-916-3851.