Ramco OnDemand ERP - Industrial and Manufacturing Industry

Industrial and Manufacturing Industry
Industrial and manufacturing industry refers to those industries, which involve in the manufacturing and processing of items and indulge in either creation of new commodities or in value addition. The manufacturing industry accounts for a significant share of the industrial sector in developed countries. The final products can either serve as a finished good for sale to customers or as intermediate goods used in the production process. Modern manufacturing includes all intermediate processes required for the production and integration of a product's components. Some industries, such as semiconductor and steel manufacturers use the term fabrication instead. India is emerging as a global industrial and manufacturing industry. In recent years this industry has made pioneering efforts in adopting modern technology and allowing the entry of foreign players.

Key Challenges in Engineering Industry:
	Controlling and managing several projects simultaneously
The business houses find it difficult to manage and control several projects simultaneously at multiple locations. With the urge of controlling several sites at the same time, the manufacturing industry is facing challenges right from the project estimation, bill of materials creation, quote submissions, multiple sites handling to project profitability report.
	Periodic assessment and visibility on product profitability
Global competition is continuously driving the companies to deliver more products at a faster rate, without compromising on the quality. So it is required to make timely and relevant assessments of the products. Most of the firms do not have integrated view of multiple functions; as a result, decisions taken carry risk and uncertainty.
	Material tracking and management across manufacturing units
In this industry, real-time access to inventory and material management across manufacturing units is essential to make accurate and informed decisions.
	Quick access to reliable business information
Quick access to reliable business information is difficult to obtain, as the engineering firms possess disparate systems including manual paper-based processes that lead to disconnect amongst the supply chain constituents. This has two major impacts. Firstly, it impedes real-time decision-making and secondly it results in creation of ad-hoc sources of information, which in turn, leads to problem on account of inaccurate data.
Most of the growing companies in the auto component sector do not have the necessary IT infrastructure. Also, owing to the frequent travel associated with the work, business information is not readly accessible.

Solutions by Ramco OnDemand ERP
Ramco OnDemand ERP provides a solution to the manufacturing and industrial industry, which helps you to streamline your business. We provide a solution which helps you manage and control the expenses across project locations. Budgeting of projects will help you track the variance in the budgeted and actual value; giving you a clear picture of the scenario and help you take corrective action, if necessary. Project-wise profitability could also be derived from the same. Item/product, customer-wise profitability are considered to be important to this industry. Hence we provide a solution which will help you obtain the real time profitability at any point of time in your business. A detailed production costing with respect to each work order could be derived. This will help you in analyzing the actual time and cost incurred in producing an item against the standard cost and time. Through Ramco OnDemand ERP you can gain real-time visibility into actual in-plant material locations while determining which locations are dedicated to WIP. All the activities are synchronized with material requirement planning to achieve more accurate material counts. Real-time information of your key indicators can be passed on to your stakeholders through mails and sms. Availability of exhaustive set of reports any time – real time helps you in analyzing and assessing the current scenario. Business Analytics help the top management get a quick view on the scenario in the form of pi charts, line diagrams and bar diagrams.

The sub-verticals served include:
Fabrication and Assembly Distilleries Rubber Product Manufacturing Textile Steel Products
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