Using tech to beat the ‘big guys’ in manufacturing
-Dominic Sutton, Stocktrim It’s crazy times for SME’s feeling overshadowed by corporations with deep pockets and established brands. But thanks to new technology, the playing field is finally leveling out. Tools like cloud-based software and smart inventory forecasting help smaller manufacturers run more efficiently, serve customers better, and even outpace much larger rivals. Using SaaS to cut costs and stay flexible One of the toughest challenges for small manufacturers has always been the huge upfront cost of enterprise software. Installing and maintaining these complex systems often requires big budgets and dedicated IT teams. That’s where more agile smaller & easier to set up Software as a Service (SaaS) comes in. SaaS lets you access powerful software through the cloud on a subscription basis. Instead of buying expensive hardware and managing everything yourself, you simply pay for what you use. This approach helps manufacturers achieve the following: Scale up or down quickly as your business changes. Access the newest features and updates without interrupting your work. Save on IT costs so you can focus on production. Integrate seamlessly with other cloud tools to build a connected system. For example, SaaS platforms for manufacturing execution (MES), customer management (CRM), and enterprise planning (ERP) can help you standardize processes, track performance in real time, and streamline workflows, all without the steep price tag of traditional systems. Using inventory forecasting to streamline supply chains Good inventory management is key to staying competitive. Having too much stock ties up money and warehouse space, while running out means missed sales and unhappy customers. Advanced forecasting tools can help you find the right balance. These tools use data analytics, machine learning, and historical sales trends to predict demand more accurately. With smart inventory forecasting (often part of SaaS solutions), you can: Plan production around actual demand. Avoid […]