Modernizing Manufacturing: Custom Software Creates New Opportunities for Growth in Key Industries

Modernizing Manufacturing: Custom Software Creates New Opportunities for Growth in Key Industries

Since the industrial age, innovations in manufacturing have fueled the growth of both society and technology. Today, manufacturing provides most of the things we rely on every day, from housing, clothing, transportation, and communications, to the very food we put on our tables. Manufacturing is a vital sector of our economy, and yet, a recent study titled, Manufacturing 4.0: A Playbook for Navigating the Journey to IT Modernization & Transformation by Frost and Sullivan, concluded that 38% of manufacturers in the US are still using decentralized record-keeping and administration methods.

For companies that manage millions, and sometimes billions, in revenue, decentralized record-keeping and out-dated communication methods are a drain on productivity and pose a serious risk to reputation. According to Frost and Sullivan’s report, this lack of modernization is reflective of the manufacturing industry’s reluctance to invest in replacing systems that have proven to work.

Unfortunately, the methods that worked last year, or the year before, are no longer practical. The manufacturing environment of 2020 is highly competitive, with more emphasis placed on shorter lead times, lower prices, and on-demand order fulfillment capability. In other words, working with legacy or decentralized systems is no longer an option.

As Sameer Deshpande from Manufacturing.net notes:

Manufacturers need to move toward a homogenous environment that allows connected systems with smart production processes. This holistic approach allows the overarching system to share a common data fabric.

In addition, embracing new technologies can open new revenue channels and business models. Developments in intelligent machines, the Internet of Things, big data, shop floor analytics, modeling and simulation, mobile, cloud and 3D printing technologies allow manufacturers to rethink traditional operations and engineer new ways to improve profitability.

In addition to centralizing records, custom software is often used to address several critical processes in the manufacturing field, such as:

  1. Production Planning

Modern custom software packages offer the ability to allocate and track resources in greater detail and with far more accuracy than in the past. Organizing bids, tracking inventory, and estimating costs and delivery times is now possible across multiple locations in real-time, resulting in less time and cost overruns.

  1. Business Intelligence

Modernization offers manufacturers the ability to benefit from powerful tools such as machine learning, AI and IoT. These technologies support Business Intelligence, allowing for extensive reporting, data mining, predictive analytics and benchmarking.

 

  1. Big Data

Information is the key to success, and for many manufacturers, that means the ability to organize and analyze large amounts of data. Whether that is for the purpose of market standards, quality control or resource management, custom software can put the information you need at your fingertips.

 

  1. Effective Customer Service

Custom CRM features can do a lot more than just tracking leads, prospects, and customers. A good CRM system also allows manufacturers to improve client relationship handling, respond faster to customer queries, and increase customer satisfaction. Features such as demand forecasting can assist in identifying new trends and reduce production and delivery times for popular items through accurate market predictions. Tracking warranties, as well as scheduling service and follow-up calls, is yet another valuable tool provided by a custom CRM systems.

 

How Endpoint Modeling Fits

Using EndPoint Modeling for custom software development, we’ve helped several agricultural manufacturers to centralize their record-keeping, allowing for significant reductions in record duplication, record searching and processing time, and significant increases in customer satisfaction.

Would you like to know more? Feel free to peruse our case studies, or contact us directly for information on how we have helped manufacturing companies streamline their record systems and business processes to achieve incredible cost savings. Do you think that manufacturing, as an industry, has been slow to adopt new technology? Let us know us in the comments. We love to hear from you.

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