You have begun to realize that your manufacturing business needs a software solution. You’ve probably heard the acronyms MRP and ERP being discussed in conjunction with these manufacturing software packages.
The arrival of Industry 4.0, the fourth industrial revolution, triggered radical change within manufacturing, bringing IoT, AI and machine learning to the table.
The goal of every manufacturing business is to be as efficient, innovative and flexible as possible.
Total manufacturing cost can be highly useful for managers or investors to compare to total revenue to quickly understand a firm’s profitability.
Improving your manufacturing processes can help reduce costs, enhance productivity, and upgrade the quality of your products. Eventually, increased sales and profits will follow.