REAL-TIME PROJECT INSIGHT FORMetal Foundries
FASTER RESPONSE. MORE CONTROL. LOWER RISK.
In the face of these challenges, companies in the metals foundry industry have to act in response to competitive pressure to lower prices even as the costs of raw materials are increasing.
To increase efficiency to address these challenges, metals foundries have to streamline operations across all aspects of the business, including development, procurement, manufacturing, distribution, and sales.
Additionally, metals foundries have to ensure their core business processes address compliance and risk management issues and at the same time gain better visibility into their costs and profits across the enterprise.
Project basedFor companies in the metals foundry industry time is money and that means that the more efficient their business processes and customer service are, the more profitable their operations will be. Optimizing their project management portfolios gives them the insight they need into product and customer profitability so they can make the best use of their assets and reduce their inventories.
Metals foundries can increase the efficiency of their plants as well as cut operational costs by optimizing production planning based on forecasted demand and up-to-date information about the availability of materials capacity, and production resources.
When it comes to companies in the metal foundries industry, efficient production calls for optimized project planning. Firms in the metal foundry industry can also gain better visibility and control of material flow through support for multilevel production planning and execution.
To operate as efficiently as possible metals foundries have to streamline their IT processes, integrate their systems and get more value from their data so they can better serve their customers, better track their projects, make better business decisions and speed up their operations.
Consequently, companies in the metals foundries industry need project management software they can use to manage purchase orders, detailed product specifications, volumes and delivery schedules – software that can help them optimize cyclical production demands, improve supply chain efficiencies and be more competitive.
To help manage the complexity and volume of data, metals foundries typically implement disparate project management tools but their business operations continue to run inefficiently. Advanced technology is key to helping companies in the metals foundries industry deliver projects more efficiently.
Project ERPUnfortunately, most ERP packages are too limited or segmented in their functionality to allow true project lifecycle management to metals foundies. The solution is to integrate all these functions into one Project ERP system that will enable project-driven firms like metals foundries to create business rules to enforce their critical processes.
With Project ERP software, all their standard processes are documented, and all operations and results are tracked and logged to meet their reporting requirements.
Project ERP software helps ensure the success of their projects by enabling metals foundries to communicate expectations, goals, needs, resources, status reports, budgets and purchase requests on a regular basis to the various business functions
The premise of Project ERP is that accurate and timely information must flow seamlessly between the various business functions. That way decision-makers will not only have visibility into what’s going on inside the enterprise, they’ll also have greater control over all parts of the business.
- Effectively evaluate the profitability of projects in the sales phase and maintain that profitability through planning, design, and development
- Ensure high cost equipment and resources are utilized effectively across a portfolio of projects
- Reduce margin variance and cost overruns by showing exactly which resources and equipment will be available prior to project start
- Improve post-delivery service opportunities by coming in on time and on budget more often
- Quickly respond to scope changes and other external delays, including the impact across their portfolio of projects
- Provide a clear real time view of their utilization and profitability across their entire portfolios of projects and clients
- Enable close collaboration between their people, no matter where in the world they are based
- Effectively manage time, costs, resources, contracts, and changes in a single solution
Generic ERP just doesn’t work for project-based businesses like foundries. In fact, implementing an enterprise ERP system could even hinder productivity and profitability.
Project ERP software from ADEACA, on the other hand, will enable companies in the metals foundries industry to effectively manage and control their client engagements and all related processes while at the same time provide the required insights into business performance. This means they can operate more efficiently, make timely and informed business decisions, reduce risks and increase profitability.