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How IEMs Can Take Charge of Supply Chains to Achieve Competitive Edge

Sikich

Mar 15 2017

2 min read

Industrial equipment manufacturers (IEMs) know how important the supply chain is to the bottom line. However, outdated and disconnected systems are failing manufacturers by isolating data in silos, making it harder to respond quickly to supply chain challenges and customer demands. IEMs can achieve end-to-end visibility by replacing legacy systems with a modern, cloud-based enterprise resource planning (ERP) solution designed to support this unique industry.

Managing a successful supply chain comes with many challenges in the manufacturing industry. Business leaders must have established relationships with suppliers, maintain visibility with inventory needs and production processes, as well as the logistics that balance these elements. Supply chain weaknesses are not uncommon; however, problems mount when leaders are caught unaware or unprepared for a disruption. Disconnected systems make it difficult to understand and forecast inventory needs far enough in advance to ensure inventory is available when it’s needed. If you can’t respond quickly enough to supply chain weaknesses, both profit margins and customer relationships are at risk.

Connect the Moving Parts of Your Business With the Cloud for Manufacturing ERP Software

Legacy systems aren’t able to support modern manufacturing processes or provide the visibility needed to manage a strong, efficient supply chain. A cloud ERP solution will provide IEMs with:

Stronger inventory forecasting. Dashboards and business intelligence features make it easier to monitor inventory movements in real-time. Understand inventory needs and make accurate forecasting plans to ensure you have the right inventory at the right time.
Automation and alerts. Streamline purchasing and receiving processes to improve productivity, and use alerts to expedite replenishment decisions and response times to supply chain interruptions.
Connect data with the right people. Arm your entire team with reliable, real-time data so that everyone is working from the same set of information, from sales to production to the warehouse. Your leaders can make the data-driven decisions that improve productivity, profitability, and customer satisfaction.

A modern ERP solution will connect all the moving parts of your business, delivering comprehensive, reliable information to business leaders. Strengthen your supply chain by replacing legacy software with stronger technology. Contact Sikich to learn more about protecting your supply chain—and your bottom line—with cloud ERP.

This publication contains general information only and Sikich is not, by means of this publication, rendering accounting, business, financial, investment, legal, tax, or any other professional advice or services. This publication is not a substitute for such professional advice or services, nor should you use it as a basis for any decision, action or omission that may affect you or your business. Before making any decision, taking any action or omitting an action that may affect you or your business, you should consult a qualified professional advisor. In addition, this publication may contain certain content generated by an artificial intelligence (AI) language model. You acknowledge that Sikich shall not be responsible for any loss sustained by you or any person who relies on this publication.

About the Author

Sikich

Sikich is a global company specializing in technology-enabled professional services. With more than 1,900 employees, Sikich draws on a diverse portfolio of technology solutions to deliver transformative digital strategies and is comprised of one of the largest CPA firms in the United States. From corporations and not-for-profits to state and local governments and federal agencies, Sikich clients utilize a broad spectrum of services* and products to help them improve performance and achieve long-term, strategic goals. *Securities offered through Sikich Corporate Finance LLC, member FINRA/SIPC. Investment advisory services offered through Sikich Financial, an SEC Registered Investment Advisor. 