Enterprise software for workflow visibility

With the Modern Manufacturing Expo in Sydney later this month, Gold Sponsor MYOB will show how essential business management solutions are when it comes to growing operations.

Many manufacturers focus primarily on the production and output aspects of their operations – ensuring that all nuts and bolts are in place to manufacture high quality products for their customers. However, just as crucial for the Hit of a production business is efficient financial and commercial management, and to assure that resources are optimized efficiently.

True Modern manufacturing really requires modern Business Management and enterprise software solutions, designed by a local company this deeply understands unique industry requirementsexplained Marie Kinsella, CEO of the International Exhibition & Conference (IEC) group., organizers of the Modern Manufacturing Expo in Sydney in September.

“That’s why we’re so happy to have MYOB on board as Gold Sponsor at the exhibition.

The Modern Manufacturing Expo will take place at the Sydney Showground on September 20-21, 2022. The event features over 50 exhibitors, free access to the Expert Arena, and a paid smart manufacturing conference on Tuesday, September 20.

Valantis Go, MYOB hproduct head – Company, agrees that business management solutions are often overlooked when manufacturers think about how at better develop their operations.

In 2020, we developed our enterprise product portfolio with the addition advanced MYOB manufacturing, a cloud-based integrated management software (ERP) the solution that connects every part of your business end-to-end, providing total visibility and accountability better decision making at conduct business growth.

“We were inspired by launch this product after seeing a clear gap in the market at provide the detail necessary functionality and capacity to support the locals medium sized manufacturers, including in the discrete manufacturing sector.

“Our platform is designed to ambitious manufacturers who have outgrown their current solution and are struggling with a number of fairly common, but not insoluble, challenges. Ofmanual processes or time-consuming data entry, at a lack of real-time information to help inform decisions, struggling to keep up with an important client growth when building on their current system,” he said.

Outdated systems hold manufacturers back

MYOB research has showed that many local manufacturers knowingly miss opportunities to grow their business because their current systems are not up to scratch. Glimpses of the Seize the advantage study, conducted in partnership with Forrester Consulting, revealed that more than 3 in 5 companies surveyed across the ANew Zealand region reported that their systems prevented them from taking on larger clients.

IIn addition to poor customer management, there are a series of manufacturing-specific challenges that enterprise software helps solve. These include:

  • continued supply chain disruption;
  • delay supply raw materials used in production, impacting customer delivery times; and
  • increased manufacturing input costs caused by fuel price increases.

“In the old days, manufacturers may have chosen from absorb periodic cost pressures, but given the increasing frequency of changes and the volume of challenges they currently face, it becomes more difficult, said Go.

“We also hear manufacturers thisyouhere is some apprehension about raising prices for fear of being perceived as uncompetitive.

Valantis points out that this is why the precise visibility in key workflows enabled by enterprise software is so important.

“Hkeeping these insight-updated when you need it is essential to be able to truly assess supply, production costs and job-by-job profitability.

Using advanced MYOB manufacturing, companies can integrate their production planning, Financial directionRCMP, inventory management and orders to access real time visibility on the other side the entire operation. When combined with MYOB’s advanced payroll offering, manufacturers have centralized payroll and workforce management system working in sync with ERP on one integrated cloud platform.

Increased profitability through a better understanding of supply and demand

Balancing supply and demand is a crucial part of everything business, but it’s often something that manufacturers struggle with, especially in times of increased demand, the local market is currently experiencing.

“Our software streamlines this process by allowing manufacturers to access production details in a single central Region. With that Easy characteristic, resources, budgets and the production schedule can be easily managed,” says Vais.

“In the fast-paced world of Mmodern Mmanufacturing, our software recognize that advanced manufacturers value flexibility. ERP the integration allow users to automate their production schedules with the flexibility to recalibrate their plans to meet high priority customer orders. Meanwhile, rreal-time data visibility also helps manufacturers react quickly to interruptions, accelerate decision-making and react immediately to costly delays.

“We believe that access to accurate and timely information can truly change the way business is done for the better,” Vais said.

Kinsella said: “The Expo is a collaborative effort to advance Australian manufacturingrecognizing that increased automation and implementation advanced manufacturing techniques have a ripple effect in terms of production and business productivity.

It’s a positive, but it will put pressure on administration systems and internal processes. They are often the last to be considered before technology and innovation. The involvement of companies like MYOB in helping manufacturers through this transition is truly positive and we look forward to their contribution to the Expo.

About Modern Manufacturing Expo 2022

The Modern Manufacturing Expo is for key decision makers and management looking to explore the latest automation and digital offerings for future growth. Presenting a showcase of technological advancements towards innovative operational practices for manufacturers.

The Expo is a showcase of the latest smart products, equipment and technologies for Australian manufacturers to drive the change required in advanced manufacturing.

“The new reality of manufacturing has arrived. It’s time to join the global transition to the future of manufacturing!

When: Tuesday 20 and Wednesday 21 September 2022

Where: Sydney Showground, Sydney Olympic Park, Homebush