Running a Manufacturing Business can be stressful…
As a manufacturer, you must constantly stay up to date with tracking current customer demand, scheduling and placing orders, monitoring costs, complying with industry regulations and standards, and everything else in between. Managing this all with manual processes or unfit software can be quite stressful. Luckily for you, you’re taking the time to look for new innovations to improve your businesses efficiency and we believe we can help.
Is technology all that important for your manufacturing business?
According to a study published by IDG Research Services, 100% of manufacturing businesses that invested in technology to help them connect business insights and drive decision making saw improvement as a result of their investment. Not only that, but the study also found that 91% of manufacturing companies that invested in new technology saw improvements in automating business processes to shorten payment cycles and better manage cash flow. In other words, accounting and manufacturing software undoubtedly proves to be an essential investment for manufacturing businesses’ Success. Through the use of innovative new technology, Sage has developed industry leading software solutions to better fit each manufacturer’s needs. Whether you have a large business looking to increase market share, or a small business striving for growth, there is a Sage solution for every manufacturer size.
How Sage software can help you run your business more efficiently
What is Sage 100 software?
Sage 100 is an industry leading accounting and distribution solution designed to help business owners’ better track and manage their inventory and accounting processes. Sage provides everything necessary to operate your manufacturing business more efficiently by increasing inventory accuracy, automating manual processes, decreasing time to decision making, optimizing your inventory and production processes, and much more! The use of Sage software will not only help you in managing inventory, but it can also help you with accounting needs as well, through automating manual bookkeeping, tracking all of your orders and shipments, and improving financial management. Sage core accounting software consists of a general ledger, accounts receivable, accounts payable, federal and state efiling and reporting, fixed assets, bank reconciliation, and many other necessary accounting resources to run your business. Additionally, Sage offers add-ons like HRMS, Payroll, and CRM software to help manage your entire business operation in one solution.
What manufacturing challenges can Sage help you overcome?
As a manufacturer in today’s competitive market you are required to be both innovative and agile with decision making to stay ahead of competitors and provide the value to customers that they require. Below are some of the key issues common among manufacturers.
Inability to connect business process or procedures across your organization
Lack of complete, accurate, and up-to-date data for proper decision making
Inability to see your supply chain, or inventory processes in real-time
Lack of communication between employees and supply chain enterprises
Sage has software and support for every aspect of the manufacturing business. Here are just a few ways Sage can help you overcome these challenges:
What are your options for addressing these manufacturing challenges with Sage?
1. Inability to connect business process or procedures across your organization
As a manufacturer it’s important that all organizational business functions and processes are linked together. By linking functions that support one another you guarantee issues do not go unnoticed and continuous improvements are made. For instance if there were a potential issue with a new product design, operations could quickly inform the design team of the potential hazard and avoid costly errors down the road. Through the use of Sage software, your critical business information is streamlined into one database providing you and your employee’s access to everything you need the moment you need it. So, by allowing Sage to automate and streamline your business processes, your business can avoid costly mistakes and optimize operations.
With the three Sage modules offered to manufacturers (Work Order, Bill of Materials, and Materials Requirements Planning), you will also be able to connect all processes and procedures across your business in order to determine productivity. Work Order will give you an estimate of how much you need to make, which prompts the bill of materials to determine how much you will need from your suppliers, and materials resource planning will help your predict whether or not your manufacturing business is meeting customer demands.
2. Lack of complete, accurate, and up-to-date data
In order to reduce costs and improve efficiencies, it’s important to have current and accurate data to give you insights on how well your business is doing when making decisions. For instance, in the case of a recall or an outbreak of some sort (i.e. salmonella), it’s extremely important your business react immediately. Sage software allows for you to view relevant data in real time. So you can quickly make adjustments and alterations to inventory counts allowing such events to have minimal impacts on your operations.
Not only that, but it can also help you reduce overhead by better managing your inventory levels, keeping better record of your entire operational processes, and giving you the ability to respond quickly to your constantly changing customer demands.
Additionally, the Bill of Materials module Sage offers allows you to have access to accurate inventory data that allows you to see which materials are being used for production processes. Through this module, you can increase your visibility of your production processes and determine any changes you deem necessary. In addition, having accurate, real-time data allows Sage modules like Materials Requirements Planning to determine which production processes are most successful by giving you an at-a-glance view of customer demands based on current open sales orders and projections.
3. Inability to see your supply chain, or inventory processes in real-time
The inability to see your supply chain or inventory processes in real-time applies similarly to the previous challenge listed. Without real-time inventory visibility of supply chain processes, problems can occur. A business without this level of visibility is vulnerable to problems occurring in the inventory line (i.e. stock outs or overstock), that ultimately affect your businesses’ profitability and production efficiency. If a supply chain member, like a supplier, is unable to fulfill an order, Sage software will notify you immediately in order for you to make other arrangements for that order to be fulfilled. Sage software allows you to view both of these processes (inventory and supply chain processes) up to the minute, enabling you to anticipate any problems that may arise during the manufacturing process. By having the ability to catch these problems as soon as they occur, you will see an increase in both efficiency and profitability.
4. Poor supply chain management
Although a cliché, communication really is the key to success, even when it comes to running a business. In the manufacturing industry, you must be in constant contact with your supply chain to ensure smooth operations for product development. If your business does not have an effective means of communication or a way to track the production progress, this can cause major production downtime, which is money out of your pocket. Sage technology allows manufacturers to gain back control by providing manufacturers with real-time visibility and collaboration. This ensures supply chain compliance with delivery dates, and improved customer satisfaction through notifying customers of any anticipated delays.
Additionally, manufacturers may see a decrease in their productivity by not allowing efficient time to communicate with their supply chain on when they need required materials for production. The Materials Requirements Planning module allows manufactures to automate scheduling so that the proper materials are stocked in house and there isn’t a shortage of materials for production.
Still have questions?
For more information about Sage software and how it can help your specific business needs, contact us at Crescent SCS by calling (562) 981-0125 or by sending an email to email@example.com. You can also visit us online at http://crescentsw.net