Many manufacturing firms are facing a huge challenge when it comes to focusing on their larger profit margins. How do they take care of data management and save time for more money-making activities?
There are multiple data management software solutions available in the market, but do you know which software solution is more beneficial in their business operations?
The software solution helps manufacturers to identify the potential opportunities in their business operations, while also taking care of data management with one click from its user interface. A customised software solution made for business specific applications can act as a catalyst for the manufacturing processes and can help scale production capacity faster.
Let’s have a look at the areas where software solutions can be of great use for optimisation:
Managing product lifecycle
The product development lifecycle comprises mainly 4 stages. Product development, Product manufacturing, Delivery and support, and Product disposal followed by a replacement with an upgrade.
Software solutions can manage and store all the data very effectively which can help you make business decisions with the help of smart business analytics.
For context, the CRM module in the software can notify you about when a customer will need a product replacement/an upgrade. This will help you plan a complete product lifecycle very efficiently decreasing the dead stock.
Speaking of deadstock, one of the most important aspects of a successful manufacturing business is how well it manages the inventory. Improper inventory management and dead stock are the most common areas where manufacturers bleed money.
The software can help you manage inventory properly through accurate demand projection and smart tracking. With the help of software solutions, you can change your manufacturing business model from Just-in-case to a Just-in-time model.
The Just-in-time model of inventory focuses on zero stock inventory ideology which can help you cut your losses and increase your profit margins. AI based Inventory management module can also help you manage warehouse storage.
Other than this, the software solutions also possess the capabilities to Enroute the most optimal route for the logistics and delivery of manufactured products.
Automated customer support and service
The CRM module of the software solution for manufacturing has the ability to totally automate the customer support and service for your business. From customer queries and usage directions to customer complaint resolution, everything can be automated with AI based smart CRM modules.
Customers can get quick answers to FAQs from the smart automated chatbots which results in happy and repeating customers. Automating customer support also means that the manpower can now focus on more important areas of the business.
Implementing automation for customer service cut down the costs of manpower constantly needed for customer service.
Quality testing & assurance
A completely optimised process hardly matters if it fails to deliver good quality products and trash bad quality units. Manually testing the quality of each and every production unit is a very tedious job. You will either have to compromise on the speed or the accuracy. Either way, it is a losing situation.
A software solution can guarantee quality assurance at the precision scale set as per requirements. Softwares are also capable of doing the same job faster and accurately making it a better choice over manual testing.
There are a lot of other minor areas where software solutions and their modules can fit in to improve efficiency or accuracy. Visit software solutions for manufacturing to know more about the same. If you have a need to implement a software solution for your manufacturing business, feel free to contact us.
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