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Can ERP software prepare industrial machinery manufacturers for what lies ahead?

the future of industrial machinery industry

There's not a single industry left untouched by the digital revolution, industrial machinery manufacturing included. What companies build has changed just as much as how they build and why.

In a sense, machinery manufacturers have a bird's-eye view of the Industry 4.0 ground floor. They see how the greater manufacturing space is undergoing an evolution through the mosaic of their customers' changing operations. In response, machinery manufacturers must invent ways to serve emerging needs and answer questions before they've even been asked.

From so high up, industrial equipment manufacturers see everything.

From so high up, industrial equipment manufacturers see everything.

What have industrial equipment manufacturers noticed from their perch atop the manufacturing industry? How does what they see challenge them, and how can advanced enterprise resource planning solutions give them wings strong enough to overcome headwinds?

Meeting new customer demands

No two words define Industry 4.0 better than personalization and agility. The businesses industrial machinery manufacturers sell to demand equipment capable of fitting into their unique production methods without disruption or adjustment to operations. When do they want all that? Yesterday.

It's no wonder a 2016 Aberdeen Group survey found industrial machinery manufacturers are asked, above all else, to "launch products quickly" and provide "customized and complex products." Intricately engineered assets present a profitable growth opportunity for those machine makers who know how best to collaborate with customers and manage immense datasets efficiently.

Computer-aided design software and Compare Price Quote technology connected via ERP solidifies that vulnerable link between equipment producers and customers. These interlocking solutions capture important information, create visual specs, relay pertinent stocking/fulfillment data intelligently and cinch sales, all by compressing lead and quote times on the next generation of industrial machinery.

Expanding into new territories

Automation takes rote manual labor out of the hands of skilled workers so they have the capacity to address more urgent matters thoughtfully and plan. That said, never before has automation been so accessible to such a wide breadth of industries, occupations and processes.

Eight out of 10 machine makers have already automated.

Everybody wants to remove the restrictor plates from their potential. A survey from the Manufacturers Alliance for Productivity and Innovation showed 83 percent of manufacturers have already automated at least one aspect of production in the last five years. Three out of 4 respondents also plan to automate, again or for the first time, within the next three years. Whatever those businesses decide to automate, industrial machinery manufacturers want to be ready to lend them a robotic hand.

However, new markets bring an array of new obstacles: more materials, more nodes in the supply chain, more demand to account for, more economies to watch. What do all these issues have in common? They each introduce risks to planning, production and customer satisfaction.

Machine manufacturers, however, can forestall these complications with end-to-end ERP software that creates smart data exchanges between disparate departments and the outside world. As new information comes in, ERP automatically routes it through the proper channels and uses it to update data repositories in real time. As a business scales up, its organization never degrades. They always stay mindful of the latest leads, past orders, raw materials pricing, inventory replenishment, production processes, asset management, industry trends and general goings-on.

Synapses of progress continue to fire at lightning speed. With ERP, industrial equipment providers can dependably anticipate what's next for them and their customers.

Spending on new technology

Here's a tongue-twisting riddle for you: Industrial machinery manufacturers produce machinery for other manufacturers, but who produces the machinery industrial machinery manufacturers use to produce the machinery for other manufacturers?

The answer - isn't it obvious - is other industrial equipment manufacturers.

When machine makers choose to upgrade their own production equipment, they must meticulously plan how and when they will invest, retrofit and/or onboard. Subject to cyclical demand, these businesses may only have a small window of time in which to spend a lot of capital and schedule downtime without disrupting service to their client bases.

Customizable ERP can assist in tying up financial loose ends and verifying funds in real time, as well as executing tight changes to production assets. ERP makes major transformations to core businesses so seamless, customers won't even notice - at least, not until industrial equipment manufacturers exceed their latest expectations.

Does an advanced ERP software like abas ERP sound like the right solution for your machine manufacturing facility?

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