What Is Product Lifecycle Management (PLM)?
Product Lifecycle Management (PLM) is the process of managing a product throughout its lifespan, from concept to manufacturing to disposal. Using PLM or MRP software to manage their products could bring manufacturers benefits ranging from better collaboration to optimized production processes and higher product quality.
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Supply chain management encompasses everything from negotiating vendor contracts for raw materials to handling returns of a product. While it is a central concept for any company producing or selling physical goods or even services, this post focuses on the importance and best practices of SCM from the perspective of small and medium manufacturers.
Even though MRP systems are quickly becoming the norm even among SMEs, manufacturers need to be aware of their advantages and disadvantages before deciding to implement new software. Apart from the general benefits and downsides that can be applied to most MRP systems, there are also aspects that can drastically vary from provider to provider.
Integrated Manufacturing Software for Business Growth
Benefit from accurate automatic planning and a realistic production schedule. Reschedule dynamically by dragging & dropping manufacturing orders and operations in the calendar or Gantt chart.
Inventory management, stock movements, batch and serial number tracking. Set and optimize stock levels and avoid stock-outs. Maintain a clear history of your stock operations.
CRM (Sales Management)
It takes just a few clicks to calculate the product cost and best delivery time. Send quotations and invoices, prepare shipments, dispatch confirmed customer orders to your production team, and track the end-to-end sales process from quotation to delivery using a simple pipeline view.
Simple environment for line workers to view tasks on a PC or a mobile device. Real-time shop floor reporting, and a real-time overview of the demand and availability of human resources.
Manage purchases and raise pre-filled purchase orders with a single click. Vendors, pricing, lead times - it’s all there. Manage your supply chain using accurate statistics and forecast your procurement needs.
Enjoy clear visibility of your business performance. Monitor your cash flow, balance sheet and profit/loss in real time. Understand the profitability of the business, and much more.