Manufacturing News

New Insights from Old Factories – by Tom Veitch

Manufacturing News

Join us for our new webinar – New Insights into Old Factories – where manjufacturing CEOs discuss the integration of inexpensive IoT devices and ERP software. Here, Tom Veitch introduces this ‘Smart Enough’ solution for Australian SMEs.

Few existing manufacturers can afford to invest in a brand spanking new Industry 4.0 style facility, fully equipped with smart/connected machinery featuring inbuilt sensors.

However, the trend to retrofit the shop floor with sensors and IoT devices is enabling well-established manufacturers to collect and process the data they need.

The addition of smart technology, data analytics, and connected devices to reduce risk, increase efficiency and reduce waste has given many manufacturers a new lease of life.

For more information and to register for the webinar New Insights into Old Factories go here.

While not truly Industry 4.0, the adoption of the alternative ‘Smart Enough’ approach to digital modernisation in business operations has gained traction – and has even been recognised by the Victorian Government in its Smart Enough Factory Program, which looks to drive value and productivity for defence industry companies.

Nine in ten of all Australian manufacturers employ less than 20 people – making Smart Enough a feasible – and affordable option.

The foundation of these transformations, however, is the adoption of a ‘right-fit’ Enterprise Resource Planning (ERP) system, which enables seamless data integration, process automation, and informed decision-making.

ERP plays a pivotal role in orchestrating a ‘Smart Enough’ approach and empowering manufacturers to navigate the evolving landscape of modern industry.

The right ERP will:

• Improve visibility across the entire business allowing every department to access and view the same consistent and accurate data

• Increase efficiency and pinpoint areas for improvement, with ERP identifying processes in need of reform

• Enable on-time delivery, with better control over your components inventory, along with more accurate demand planning and scheduling

• Enhance and monitor product quality

• Reduce costs across the board with increased worker productivity, better component tracking and turnover of finished goods, along with more accurate demand planning

• Improve collaboration and communication internally and with external partners

• Support and leverage new technologies

Tom Veitch has over 20 years of project experience, spanning industries such as manufacturing, distribution, and professional services. His expertise extends to aspects of Supply Chain Management, with a focus on project management, communication, and delivering ERP capabilities. Tom is Industry Director, Supply Chain Management – Fusion5.

This webinar is brought to you with the support of ERP and business solutions provider Fusion5.

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