According to Gartner, 36% of heavy manufacturing CIOs whose enterprise had recently experienced some type of disruption, said that operating cost competitiveness had fallen behind. How can industrial manufacturers respond to an increasingly digital world?
Industrial manufacturers are turning to Oracle Cloud SCM to securely manage data while solving challenges in labor productivity and associated costs. Inventory management in the manufacturing industry has been historically siloed, with accumulated systems and manual processes that don’t speak to one another. For those seeking disciplined and streamlined technologies, Oracle Cloud has become a natural fit for many manufacturers. Following LEAN manufacturing processes that offers total security and master data management, Oracle provides complete traceability for discrete, process, and other manufacturers.
Discrete manufacturers need access to real-time information in order to manage operations and make proactive decisions. A Boston Consulting Market Group analysis predicts that roughly 63% of manufacturers believe applying technology to their operations will increase profitability. Using barcodes and scanning to automate your processes allows you to operate your business efficiently while giving full control over your inventory. The data collected allows you to reinvest back into your business while providing flexibility to react to an ever-changing market.
Four areas where industrial manufacturers can realize great benefits from mobility are:
Automation of your manufacturing processes ensures full traceability for your items as they move through the manufacturing process. Traceability is vital for two reasons:
There is pressure on discrete manufacturing organizations to reduce costs while increasing profitability and customer experience. Automated data collection can lower costs through:
Titan International is a manufacturer of off-road and all-road wheels and tires. As an Original Equipment Manufacturer with an international distribution channel that includes aftermarket, Titan needed a mobile solution that would mirror Oracle Cloud in the manufacturing environment to provide instant visibility to inventory updates while eliminating all paper processes.
GOAL
Titan operations include moving large quantities of material from different areas of their plant. Beyond tracking material movement, they also wanted a solution that would provide production reports. Titan chose Oracle Cloud to unite their systems across the globe, reduce IT costs and provide company-wide visibility. The team at Titan also wanted to eliminate all paper processes and manual inventory updates with a mobile solution.
APPROACH
By eliminating paperwork and the associated delays, Titan has improved the speed of receiving processes. The improved efficiency has also reduced the amount of time spent working weekends, which is saving Titan on labor costs. RF-SMART has made tracking inventory movement through 1.5 million square feet easy, with Titan employees no longer spending time manually logging transactions and entering data.
Want to learn more about how RF-SMART can help your industrial manufacturing processes?