Download the ERP in Industrial Machinery and Components Manufacturing Aberdeen Report.
The key drivers causing Industrial Equipment (IE) manufacturers to re-evaluate ERP implementation strategies are growth and customer demands for improved service as well as response times along with the need to reduce costs. This recent Aberdeen research revealed that while other industries place more emphasis on administrative back-office functions, 64% of IE manufacturers use ERP to standardize and accelerate manufacturing processes.
Best-in Class Industrial Machinery & Component Manufacturers:
117% more likely to make rigorous commitment to Lean
ERP is viewed as a strategic weapon to streamline and automate business processes in order to improve efficiencies. Companies that combine Lean manufacturing with ERP produce significantly more cost reductions and schedule improvements. Best-in-Class manufacturers make judicious use of selected Lean methodologies and distinguish themselves by using 24% more modules and functionality available in their ERP systems.
5 key findings in the report concluded that Best-in-Class companies:
- Achieve 96% inventory accuracy, manufacturing schedule compliance, and complete and on-time shipments
- Have 120% to 320% more reductions in cycle times measuring bid preparation, manufacturing and order to shipment
- Produce seven times (733%) more reductions in inventory levels than Laggards
- Are 82% more likely to do Value Stream Mapping to remove waste from both manufacturing and non-manufacturing processes
- 74% implement work cell manufacturing and 61% employ Kaizen (continuous improvement teams) and adopt the 5S’s (sort, set in order, shine, standardize, and sustain)
Key takeaways from this Benchmark Report:
- Find out how you rank against Industrial Machinery Manufacturing Key Performance Indicators
- Learn from Best-in-Class manufacturers how you can use ERP to standardize and accelerate manufacturing processes
- Be ready to implement best practices for Lean as a manufacturer of industrial equipment
Please complete the form at right to download this research report.
