The manufacturing industry is under constant pressure to increase profits, even when labor and operational costs continue to increase. In order to remain competitive and reach financial goals, many are searching for ways to cut costs without a large financial investment up front. That’s where SMB software steps in. Software for the manufacturing industry has become more intuitive, more reliable, and more affordable. Every shift you run without the right software system in place is costing you time and money you can’t get back.
Cutting Labor Costs
Labor costs continue to rise 3-4% annually, and manufacturers need to find a way to cover those cost increases. By looking at where production is lost or labor is redundant, you can identify areas to save you money.
The number one area where manufacturers can cut labor costs is through a cohesive and connected software system. When you have software systems that work together, you automatically eliminate manual entry, avoid human errors, and shorten the amount of time it takes to complete the production cycle.
Additional ways to streamline labor include cross training workers and reducing overtime.
Increasing Sales and Customer Retention
We live in an electronic world but that doesn’t mean that human interaction has gone out the window. By combining both self-service online tools with exceptional one-on-one customer service, your business will thrive. Having the ability to respond immediately to customers, while understanding their prior order history and specific needs will give you a leg up on the competition.
With a CRM system that integrates into your manufacturing software, your customer service representatives will also have access to real-time information about shipments, orders placed, and items in inventory. This will allow you to not only ship faster, but produce products more efficiently.
Understanding your Data
By having a firm understanding of your data you can make more informed decisions to optimize production and stay competitive. With the real-time information, you can easily identify any issues or shifts that aren’t meeting production goals. You can also get an accurate view of your inventory levels from any computer, tablet, or mobile device - giving your managers and sales staff an upper hand.
Manufacturing companies that don’t embrace technology and software to streamline their business and become more agile will quickly fall behind. The right manufacturing software for you isn’t always the most expensive.