5 Must-have functionalities for discrete manufacturers in 2020

This post explores the top business system capabilities that discrete manufacturing businesses can’t live without in a digital economy, and how MYOB Advanced can help. 

It’s essential to keep your eye on the future and consider the impact of robotics, IoT, automation and other technological changes. But the fact is, the extent to which your business has embraced digital tools is shaping your success right now — you’re either using technology to get ahead or you’re being left behind.

Now is the time to adopt digital systems that enable you to leverage data, streamline everyday tasks, increase efficiency and accuracy, and proactively engage and delight your customers. Make 2020 the year your digital transformation happens or risk a more uncertain future.

A unified, digital approach will future-proof your business – Discrete Manufacturing ERP

An analysis of how Australian manufacturers weather industry-wide downturns and volatility, conducted by the Advanced Manufacturing Growth Centre, identified three proven resilience strategies. 

The keys to building resilience are: 

1. Developing a superior product or service that’s unique in the market. 
2. Diversifying into new products and markets. 
3. Flexibility to manage fluctuations in costs and change focus fast.

More than half of the manufacturers identified as ‘resilient’ had flexible business models that allow them to “…quickly shift their focus from poorly performing industries, markets and products to better-performing ones.”

You can’t innovate and identify trends, or change tack quickly enough, without a clear view of your business performance and a well-honed ability to manage and adapt your processes and workflows. Those capabilities emerge with the right business management systems.

MYOB Advanced is becoming the first choice for Australian manufacturers seeking to transform via an enterprise solution: one, cloud-based database with a rich suite of functionality to coordinate all aspects of your operation. 

Adopting MYOB Advanced as your Enterprise Resource Planning (ERP) solution gives you total control and flexibility to grow and meet the needs of an evolving marketplace.  

MYOB Advanced gives manufacturers a competitive advantage

MYOB Advanced discrete manufacturing ERP provides everything small to medium manufacturers need to run a more efficient, responsive and profitable business.

MYOB Advanced discrete manufacturing ERP supports advanced manufacturing and particularly businesses that assemble, make-to-order, configure and build finished products like vehicles, furniture, fences, electronics, toys, and similar.

Five essential features of MYOB Advanced discrete manufacturers need to survive now and into the future: 

1. Bill of Material and Routing: from simple to complex multi-level BoMs and routes, the solution connects materials, costs, production stages and work instructions to ensure you have a comprehensive guide to document the entire production process.
2. Material Requirements Planning (MRP): easily understand and manage demand and supply in order to ensure you have the inventory and resources needed to satisfy orders. The solution includes a user-friendly MRP display: you can manually enter a master production schedule and create purchase orders directly from the screen. 
3. Production Planning and Scheduling: track production orders, changes, materials and costs and choose from multiple scheduling options to ensure you deliver on time and in full to your customers. Forward and backward scheduling methods are both possible.
4. Configure To Order: create rules that allow you to quote on quickly and issue production orders for configurable items to meet customers’ demand for customisable products, including real-time price and cost roll-ups as configurable options are applied.
5. Enterprise-wide integration: unify all your business areas and processes within one easy-to-use platform. The solution helps you deliver superior customer service with CRM, sales and field service management tools, supply chain management, project accounting, finances and payroll. Consolidated data can be analysed via powerful business intelligence dashboards.

Unprecedented change requires action now

Creating a business that lasts in the face of unprecedented change necessitates transformation: sooner rather than later. Even if your business is humming along now, you need the insight and agility to stay ahead when things get tough. 

Using MYOB Advanced, discrete manufacturing ERP, can help your manufacturing business to innovate, understand and target a broad range of customers and markets, monitor and free up cash flow when needed, embrace configurable production techniques, and flexibly deploy your labour and resources.

Learn more about implanting MYOB Advanced for a better-functioning manufacturing business. Contact us today.