Manufacturers face the daunting task of maintaining a leg up on competition in an increasingly competitive global market.
The prices of commodities such as steel, aluminium, and oil have been on the rise in recent years, and this trend is expected to continue. This is putting pressure on manufacturers, who are struggling to keep their costs low while still maintaining the quality of their products.
Which is why manufacturers are turning to automation to save time and effort in labour-intensive processes.
Wouldn't it be great if you could hand over the more repetitive, low-value work to an automated system—instead of having your workers tied up and frustrated with endless manual tasks?
Now you can. Floware is a Business Automation tool specifically geared towards Manufacturing companies.
Perfect for large and small companies, Floware is the smart way to do business.
With Floware, you get an all-round business tool that will improve your process efficiency—making your clients happier while boosting productivity company-wide.
So if you're looking to take your Manufacturing business to the next level, read on and find out how Floware can optimise your resources, improve your market position, and improve the profitability of your company.
Supply chain disruptions have affected almost every industry in the global economy since the start of the COVID-19 pandemic.
The after-effects of the pandemic, as well as natural disasters and geopolitical tensions, have left many companies facing increased uncertainty in their supply chains.
As a result, companies are dealing with longer lead times, higher costs, and lower product quality, which can all negatively impact production schedules, customer satisfaction, and overall profitability.
Furthermore, the shortage of skilled workers in certain fields like manufacturing is leading to higher turnover rates and increased competition for top talent.
This, in turn, is driving up costs for companies and hindering their ability to meet production demands.
With the highly competitive atmosphere in the manufacturing industry, many companies are turning to innovative business automation strategies to lower costs and boost productivity.
Business process automation can provide an edge to companies looking to streamline work order, supply chain and back office processes.
You can automate the way of capturing data, sharing it, and storing it with advanced mobile-based and cloud technologies.
Automation provides relief and heightens productivity for duties that don’t require a high level of cognitive thinking, creating a layer of efficiency that previously did not exist.
Despite the manufacturing industry being one of the most highly automated industries in the world, there is still a significant amount of potential for automation in manufacturing sites. This includes in relation to functional areas such as the supply chain and procurement as well.
High volume, mundane or intensive manual assignments such as data entry are often prone to error and are a burden on employees.
Other areas that can benefit greatly from automation are shop floor management, supply chain processes, and customer/back-office operations are the heart of any manufacturing business.
The following encompasses a few examples of where automation could be implemented in different areas:
In the Manufacturing sector, the customer's primary requirement is to get the organisation's status, like their turnover, how many workers are there in real-time, and support clients' needs.
Today's customers see the working status of their organisation along with their production.
Here the customer needs a year-to-year trend analysis to get the insights related to sales revenue, their monthly growth, year to year comparison before concluding. Which is why business automation is necessary to stay competitive in the modern manufacturing industry.
What is even more useful if production and other information is made available in an always-updated, easily accessible analytics dashboard.
Such dashboards show important manufacturing data points such as total production, sales revenue and active machines status.
Also included would be information like manpower status, the associated labour cost, and other data points such as customer return rate of products, which is an indication of production quality and consistency.
Business automation can be set up to track the global and local inventory levels. This is an essential part of the manufacturing process, as manufacturing companies have to inspect their supply chains regularly.
The software is able to provide real-time information on the work status, delivery dates, and equipment collection. Thus, there is no need to create manual documentation related to everyday operations.
Manufacturing business automation applications can form a bridge between the information management system and market-ready solutions. You can automate the process of controlling manufacturing processes in workshops.
Due to equipment defects, your workers can face a safety risk. Business automation applications can be set up to transmit the live production and safety data to your control rooms. Thus, it will be easy to make out the potential hazards and enable workers to take the best protective steps.
Inventory management platforms help you in automating production reporting and inventory tracking. You can easily locate items in your inventory and make the delivery process faster. Due to this smart technology, you can save costs for managing inventory.
The combination of cloud technology, you may detect the status of every item and display the information to users.
The system will be able to show on a dashboard the total stock of the products in the organisation. Here users will also get to know about the products rejected production vs. sales.
The system can be set up to maintain a maximum percentage of damaged products in sales and production. Here, users will also see the production based on shift timings. The software will be able to display values and graphs with regards to predicted results for industry turnover and production on shift timing.
With the aid of advanced integrations, business automation technology will also give you access to process mining software.
Which means that businesses may not need to rely on their leaders to decide which procedures are best suited for automation.
Process mining software is designed to evaluate ongoing responsibilities and propose where efficiencies can be improved.
Process mining is a growing field with many organisations wanting a faster way to identify inefficiencies that don’t require prolonged conversations between multiple departments.
Process mining is rapidly being adopted in manufacturing outfits around the globe and is projected to explode in popularity throughout 2023 and beyond.
Any manufacturer will testify that they receive a lot of invoices, which has to be updated and sent for approval.
Handling this administrative burden is both tedious and time-consuming. The task of processing invoices only gets completed once payment is made and the project status is updated accordingly.
Usually invoices and other documents are sent in the form of PDFs. The data then has to be copied from the PDFs to the portal for correct accounts and then forward to the relevant departments to approve the invoices.
This manual work contains a lot of opportunity for human error and is extremely time-consuming.
Business automation is an effective way to deal with invoice processing. The system is able to complete the task of processing invoices, extracting the correct information, and then passing it along to the correct departments for approval without any human intervention.
Another benefit here is that the opportunity for mistakes is greatly reduced—or even eliminated entirely.
The system is able to read the completed data and then post an update to the respective portal. Finally, the system will send out the invoices by email to the correct addresses for approval.
In today’s competitive global market, manufacturing leaders must consider how integrating automation into day-to-day procedures could support their organisation’s ongoing efforts.
Removing mundane and repetitive manual tasks provides relief to employees, heightens productivity and creates a new layer of efficiency.
The ability to automate processes revolutionises business in every industry including manufacturing.
Manufacturers spend much time perfecting and maintaining the tracking of their vendors, purchase orders, supply chains, and inventory.
Automated processes can provide all this information instantly to anyone in the organisation without taking time and energy away from other tasks. Perhaps more importantly, these systems consistently offer more comprehensiveness and accuracy than manual processes.
But business automation is not just about efficiency. It can help with improving customer experiences, which will be essential in retaining revenues.
Automation is becoming a top priority for manufacturers across all industries as it reduces errors, saves time and allows them to focus on higher value tasks.
Automation is a powerful way to gain more visibility into your business operations. It allows your employees to focus on their higher-level responsibilities, rather than repetitive or time-consuming tasks.
The main benefits of business automation in the field of manufacturing are the following:
Automation is the future of manufacturing. It helps businesses cut costs, speeds up time-to-market and increases agility.
Floware is the leading business automation solution for Manufacturers worldwide.
The software makes it easy to get up and running in minutes—right after you register your account at Floware.co.
Floware is your key to flawless business management.
It is a business automation solution that integrates important business processes such as shipping, financial management, production, finance, and customer service in one place.
For example, automation can be used to produce higher production rates, improve project delivery times, create better health and safety measures, and reduce overheads on projects.
Floware provides a full pack of project management tools to make any project a success.
Automate tasks such as production work orders, purchasing, sales orders, equipment maintenance and quality control.
With advanced automation, you will be able to keep tabs of every aspect of your production schedules, with inventory management and labour allocation scheduling. Which means you will be able to achieve optimal production for every hour of every day for the entire production period.
Floware will allow you to streamline many troubling spots in your production, reduce the error rate, and eliminate process bottlenecks, aiming for reduced production costs and higher efficiency.
At the same time, Floware can automate managerial and production support functions such as budgeting, purchasing, and accounting, which can help your manufacturing business save time and reduce costs.
The software also provides several tools for data analysis, reporting, and forecasting.
If you have already decided on your needs, contact us for a detailed discussion of the project. If not, we will be happy to help you choose the best solution based on your business objectives.
If you’re ready to get started with painless business automation, drive rapid digitization and see a six-week ROI, hit the button below to get in touch.
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