Leverage More Smarter and Unified Manufacturing Technology Solutions with Industry 4.0.
Industry 4.0 focuses on connecting people and systems with Real-time data by leveraging the offerings of Artificial intelligence, the Internet of Things, cloud computing, and Data Analytics. A recent report from researchandmarkets.com states that the Global Industry 4.0 market is expected to Digital Transformation takes precedence in every industry, Smart manufacturing entered the manufacturing industry, intending to streamline the process, predict errors, and meet customer demands.
While the transformation is now inevitable, there are obstacles along the road:
Excessive Costs to maintain old systems to remain competitive.
Change Management to keep employees engaged when technology changes,
Training requirements to keep employees knowledgeable of new Industry 4.0 technologies.
Rapidly changing cybersecurity requirements to protect your sensitive data
Power of Automation in Manufacturing Field
The manufacturing industry is transitioning to a digital work environment that can automate processes to reduce human intervention. In some manufacturing companies, up to 90% of the work has the potential to be automated given their predictable environment. With IoT taking center stage in the digital transformation, manufacturers are embracing new technology to eliminate time-consuming transactions and processes. By implementing automated workflows and remotely connected devices manufacturers are finding new ways to become leaner and lower costs in incremental steps.
It is predicted that 34% of manufacturers will be incorporating IoT technology to improve their processes by the end of 2021. By creating a hyper-connected ecosystem, the manufacturing industry can upgrade efficiency, monitor production using real-time data, and detect operational anomalies before they are a problem effortlessly. The result is a higher quality product at a lower cost ultimately exceeding the customer expectations.
Manufacturers who have incorporated IoT applications to monitor machine utilization have already witnessed a 10-25% increase in productivity. Microsoft Dynamics 365 is rapidly becoming the one solution for manufacturers focused on revamping the supply chain through a unified, robust system. By bridging the gap between siloed CRM and ERP systems, Microsoft Dynamics improves efficiency through analytics and intelligence. The Microsoft Dynamics suite supports manufacturing businesses with two different, robust ERP solutions
Microsoft Dynamics 365 Business Central and Microsoft Dynamics 365 Finance & Supply Chain Management.
Some of the advantages of Microsoft Dynamics 365 for the Manufacturing Industry includes:
Improved visibility and collaboration for enhanced supply chain operations.
Real-time insights to streamline asset and production management.
Budget controls by account to keep costs under controls
AI and ML enhanced demand forecasting processes.
Schedule production orders with a resource and material-constrained MRP that utilizes visual scheduling and BI reporting for real-time analysis.
Minimize expensive processes by leveraging IoT devices and sensors for maintenance, quality control, safety, and at the same time lowering cost.
Streamline All Manufacturing Activities and Processes with Microsoft Dynamics 365 Business Central:
Unified Accounting: All accounting Modules are fully integrated with hassle-free and seamless operations
Budget Planning: Integrated Budget Planning to manage the organization's Budget including Flexible Configuration options.
Financial Reporting: Customer Reporting structure and mapping of Ledger accounts complying with Legal Requirements and International Accounting Standards.
Inventory Warehouse Management: Manage your inventory and stock in any number of warehouses from anywhere. Accelerate inbound and outbound processes such as put-away and pick-pack ship.
Procurement and Sourcing: Manage your suppliers and third parties and monitor their performance
Final Touch up:
From the above, we can draw the conclusion that making digital transformation and bringing Automation to increase productivity in Manufacturing is critical to remain competitive and create competitive advantages in this New Era of Innovation. In the face of changing Industrial Landscape, Microsoft Dynamics 365 Manufacturing Solutions will continue to develop new working processes that will change the shape of the Manufacturing Industry.
Korcomptenz offers affordable solutions to mid-market manufacturing companies. Leveraging industry experience and technical skills, Korcomptenz focuses on improving warehouse management, supply chain visibility, and quality control. Our team of consultants specializes in Microsoft Dynamics 365 and earlier versions to meet next-generation manufacturing needs. Our services include —
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