Monitoring your value chain in real-time

Value chains are made up of many moving parts and making sure you’re in control and can track them all is vital. From materials, actions, dates, compliance issues, and suppliers that all need to work together optimally. Significant issues, like an inventory stocked with surplus supply that does not meet changing customer demands, can have enormous consequences on your business’s market share and reputation.

The reality is there’s no room or reason for errors, big or small, at any point along your value chain. A factory or production site that employs advanced technologies benefits from full traceability. Traceability is a vital component of modern manufacturing as it empowers managers with the right information at the right time. Armed with easy access to crucial data, managers can trace key metrics across the value chain such as productivity, inventory, booked versus billed and continuous production versus batch without missing a beat. All in all, inefficiencies and errors are reduced, which lowers unnecessary costs and delays. The upshot is that you can meet your customers’ needs faster, which boosts your reputational value.

Let your data work for you

The data collected by your ERP enables you to gather insight into how best to maneuver. The manufacturing sector consumes more and more information than ever before. However, the acquisition of big data is not particularly impressive. Its true value lies in how it is mined for insights, shared in real-time, and then put to use.