The manufacturing industry is complex with many unique challenges and opportunities. For example, a recent study by PWC found lack of demand and legislative or regulatory pressures are seen as the top barriers to growth. And, The Commission on Theft of American Intellectual Property found that $300 billion is lost each year due to IP theft.
To overcome these issues, manufacturers are looking to increase their spending in automation and robotics. According to McKinsey, there has been a 50% investment increase in industrial robots between 2008 and 2014. And, Gartner believes that by 2020, they’ll be 20.8 billion devices connected to the Internet of things.
So, to stay competitive, it is important that business have a manufacturing software system that can keep up. Many manufacturers using legacy software are now or will soon find that their systems are not up to the task. If this is the case for your business, you should consider Dynamics 365.
It is the latest cloud ERP from Microsoft. It stands out among the competition because it is designed for agility and optimization. And, unlike many other manufacturing software systems, it lets you grow and scale at your own pace.
A few other core features of Dynamics 365 that set it apart from other manufacturing software systems
- Intelligent order fulfilment
Even with the latest automation and digital manufacturing tools, sudden changes in supply and demand can make it hard to meet promised delivery dates. But with Dynamics 365, you get full visibility into manufacturing, logistics and inventory. Role specific dashboards available anytime, anywhere deliver access to key information. That way, you can stay on top of current production, warehousing and transportation options and make the necessary adjustments to meet demand.
- Speed up product launches
Get engineering and marketing working together to reduce risk and test the validity of new product ideas. Quickly model, cost and begin production of new products with role tailored workspaces and guided experiences. Drive lean, discrete manufacturing and replenishment.
- Agile execution
If you’re like many other manufacturers, you are facing significant skill shortages. But, you need to produce more varied products in a shorter amount of time. So, you need to help your workforce keep up. Dynamics 365 helps with this and a variety of ways. Specifically, it delivers work instructions and task guides tailored to your workers’ role, whether they are an operator or supervisor. And, so this information is available to workers when they need it, it is accessible both on computers and mobile devices.
This is just scratching the surface of how a modern manufacturing system like Dynamics 365 can help your business not only meet industry challenges, but become a market leader. Learn more.