SME and process manufacturing industries are considered as the backbone of the economic development of any country from Americas to Africa or Middle East to even Pacific Asia. Countries that can speedy transform their resources or raw materials into a wide variety of processed/ finished goods of higher value are sustainable in the new world economy. In today's world, produce more in less, showcase a diversified product range and be adaptive to new business models, adherence to compliance are key business challenges faced by these production companies in order to be effective in cost, time, pricing and quality. With the advancement of information technologies and electronic resource processing systems providing robust and flexible enterprise solutions, process manufacturing and related industries should be able to meet their challenges in an efficient and productive manner that they can continue to serve their customer’s demand in reasonably.
Being a manufacturer/ producer it's important to be a consistent player meet market demands keeping processes, information flow, and delivery in timely, quality and profitable manner to be competitive in such global markets. Planning, Production and Inventory play a vital role in growth of any company, and to keep it on track, it requires a strong resource processing system or electronic resource processing (ERP) system that can ensure to keep all its functions/ departments working smoothly and cohesively. This helps meeting fluctuating demands of customers and also managing a reduced product life cycle.
Manufacturing companies may use multiple application software like one for account, one for inventory management, one for payroll processing and these all may be with different technology solutions kind of a heterogeneous ecosystem. Challenges and risk associated in such scenarios are high and may impact overall objectives of organization. Another challenges could be converting a manufacturing organization into small units working in silos leaving a communication gap that may affect business objectives at large.