| Engineering Industry Overview |
| Growing industries are faced with tough challenges in terms of process improvement, quick technology adoption and people management. Need is to continuously redefine the competitive advantage, strengthen the delivery of the value proposition and improve the overall organizational positioning vis-a-vis its peers. In an engineering industry, the key processes, which has potential for improvement include project estimation, quote submission and multiple site management. The rising input cost and competitive pressure demands an immediate review of areas of improvement. |
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Key Challenges |
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Engineering companies find it difficult to manage and control several projects simultaneously at multiple locations. The key processes like project estimation, bill of materials creation, quote submissions and project profitability report for different projects at multiple locations add to the complexity of managing operations. |
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Customer specific product design for a single item |
Multiple bill of material for a single item has been a common requirement in this industry as the customer defines the design he requires. According to customer requirement, there is a need to alter the bill of material and the process plan. This hinders the processes planned and hence cause delays in delivery. |
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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. |
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Work in Progress Tracking |
Engineering industry incur high costs in inventory due to lack of visibility of the stock in work-in-progress stage. An insight on the inventory in WIP stage can help the companies plan their production more efficiently towards meeting the delivery schedules. |
| Solution by Ramco OnDemand ERP |
| Ramco OnDemand ERP provides a solution to the engineering industry which helps you streamline your business. |
| We provide a solution which helps you manage and control the expenses across project –across location. Budgeting of projects will help you track the variance in the budgeted and actual value; giving you a clear picture of the scenario and helps you take corrective action if necessary. Project wise profitability could also be derived from the same. |
| Ramco OnDemand ERP provides automated material requirement planning across manufacturing units. You have the flexibility to go for a centralized or decentralized planning of materials. The planning is done based on the standard processes defined for production of an item. The same could be altered for an item, in case of a specific design requirement given by your customer. The system supports multiple bill of material for a single item. The process plan for production can be altered and planned accordingly based on the requirements. |
| Availability of exhaustive set of reports any time - real time helps you in analyzing and assessing the current scenario. |
| 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 informed to your stake holders through mails and sms. |
| Sub Verticals Include: |
- Pumps / Motors
- Cylinders
- Valves
- Switch Gears, etc
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