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Aberdeen Report - ERP in Industrial Machinery and Components Manufacturing

From Infor
 

 

Industrial Machinery and Components (IM&C) manufacturers face some unique challenges in dealing with complex products and manufacturing processes. This report is a roadmap for IM&C manufacturers that desire to achieve growth while balancing the need to improve customer response times through Best-in-Class use of Enterprise Resource Planning (ERP).

Based on input from over 420 IM&C manufacturers, Aberdeen used four key performance criteria to distinguish Best-in-Class companies. These companies achieved significantly better results in the following metrics:
* 22% reduction in levels of inventory and 96% inventory accuracy
* 96% manufacturing schedule compliance
* 96% on-time and complete shipments
Survey results show that the firms enjoying Best-in-Class performance shared several common characteristics:
* Best-in-Class are 177% more likely to make a rigorous commitment to Lean methodologies
* Top performers implement 26% more functionality and are 68% more likely to deploy enterprise or desktop project management applications
* 73% of Best-in-Class have standardized enterprise wide processes to support the bid to cash cycle

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