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Industrial Equipment Manufacturers Breaking Down Silos to Enable Growth

Sikich

Mar 28 2017

3 min read

The marketplace is crowded and global competition is fierce. In order to stay ahead, industrial equipment manufacturers (IEMs) are turning to cloud-based enterprise resource planning (ERP) solutions. Breaking down data silos and increasing cross-functional collaboration will provide the agility needed to respond faster to order changes and supply chain disruptions that lead to production errors and lost customers.

One of the biggest problems with using disparate, specialty software to manage key operations is that data is so easily separated and difficult to put together. Inventory information is in one system while customer orders are in another, and so forth. With data stuck in these silos, it becomes increasingly difficult to identify and respond quickly to inventory complications, changing customer needs, production and scheduling conflicts and other problems that impact profit margins and customer satisfaction.

Download “Future of Manufacturing: How Industrial Equipment Manufacturers Build Competitive Edge through Cloud ERP,” to learn how IEMS are using cloud ERP to break down data silos, improving productivity, profitability, and customer satisfaction.

Improve Cross-Functional Collaboration By Replacing Disparate Systems with Integrated ERP

Modern ERP provides an efficient way to capture, monitor, and analyze data from all core business processes. You can manage financial and accounting processes, supply chain and inventory data, production and distribution information—and other important data—within a single cloud-based industrial equipment manufacturing ERP solution.

A centralized solution puts data within easy reach for those that need it and encourages greater communication and collaboration between individual departments. Sales representatives can rely on real-time inventory data to make order promises that your company can fulfill. Similarly, production can forecast inventory needs and schedule production activities to keep up with customer orders. Together, your team can be confident that engineered documents are version controlled at each step in production, addressing change requests as soon as they come in.

Dashboards and other business intelligence features built into cloud ERP will arm leaders with KPIs across the enterprise. Alerts can notify managers when changes or deviations take place, such as when inventory levels drop to safety or buffer levels. The faster you can respond to potential problems, the more likely you can avert disaster before production is halted or customers get frustrated.

IEMs are breaking down data silos and improving collaboration across the enterprise by replacing disparate systems with integrated solutions. Contact us for more information about using cloud ERP to build an agile company that can respond quickly to change, protecting profits, and strengthening customer relationships.

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. 