Core reminder: Many mold manufacturers only have a very rough concept of business costs in the workshop, so they will face some severe challenges. Mold manufacturing companies once seemed very comfortable, but nowadays the beginning of global competition, a shrinking customer base and rising costs make today’s business environment more difficult than ever. This is why we have an accurate understanding of the company’s operations.
Many mold manufacturers only have a very rough concept of business costs in the workshop, so they will face some severe challenges. Mold manufacturing companies once seemed very comfortable, but nowadays the beginning of global competition, a shrinking customer base and rising costs make today’s business environment more difficult than ever. This is why it has become more and more important to accurately understand the operation of an enterprise. In terms of time, what we need to understand is neither last year nor last month, but at this moment.
Most mold manufacturers are equipped with many different systems, such as workshop management, financial management, and customer relationship management (CRM). In this way, there will be some problems. These systems take time to run, often a month or longer, before information and data can be transmitted from one system to another, and then can be used as a key decision basis. And when you have the opportunity to use this data, it may be too late. Nowadays, the enterprise resource planning system (ERP) that enterprises need is a system that can collect all the main information of business activities and provide it to managers and investors, so that they can make correct decisions without wasting time.
Challenges of non-integrated systems
In order to meet their urgent needs, many mold manufacturers have purchased or developed a part of software based on a specific time. They all have an Information Management System (MIS), which is a custom system developed specifically for the workshop. With this system, those parts that usually cost more can be improved.
All these systems do not have any major flaws in their operation, but these systems cannot transfer data to each other. Therefore, manual data transfer between different systems has become a difficult task.
Information transfer between systems takes a lot of time, and it is easy to cause data input errors. But the most difficult problem is that there is always more data waiting to be transferred from one system to another, and no system can provide the latest information.
Traditional ERP can’t solve the problem
In the past decade, most industries have begun to use ERP systems to solve such problems. The purpose of the ERP system is to collect all information related to the operation of a manufacturing enterprise, such as sales orders, purchase orders, inventory lists, order work, labor, financial accounting and other related information. This system can be used to generate reports and make decisions. In the mold manufacturing industry, only a few companies use ERP systems. What are the reasons? Like most manufacturers who design according to orders, mold manufacturers are also facing special challenges. Traditional ERP systems cannot meet the needs of manufacturers. In the traditional sense, ERP systems are designed for companies that produce fewer categories and larger quantities of products.
Of course, when a mold maker faces a completely different design challenge, it must meet all the needs of almost all customers. Therefore, the company needs a system that can provide customers with accurate cost estimates, complex management projects in various aspects, and deliver products that meet the budget in a timely manner, while paying close attention to cash flow. The most important thing is that mold manufacturers need to accurately understand the profitability of each project in order to evaluate its impact on the business and make wise decisions.
Most mold manufacturers believe that they need a standardized ERP system, but this is not the case. An ERP solution specially provided for mold manufacturers should be able to drive the operation of the enterprise, improve efficiency, maximize the value generated by each project, and naturally support the mold manufacturing business. A simple, repetitive, automated, and standardized process is not the solution to the problem.
Adapt to the needs of mold manufacturers
In order to meet the challenges faced by companies that design according to orders (such as mold manufacturers), ERP software vendors have made great efforts. The approach adopted by these ERP system suppliers is: even if all molds manufactured are different, they can benefit from the common components of the system program and the operation of the system, while enabling relevant information to be flexibly distributed among all functional departments within the company. transfer.
ERP software designed for mold manufacturers is generally a key application process at the beginning. The system provides several methods. The simplest method is to evaluate the accumulation of time or dollars.
A more detailed method is based on router steps, copying the bill of materials (BOM) from the previous business, estimation or re-statistics. Some ERP systems can be connected with spreadsheet-based estimation tools.
Integrated manufacturing and procurement is a core requirement of mold manufacturers. ERP system The system designed for mold manufacturers should be able to link commonly used 2D and 3D CAD software packages with product orders, have the most advanced version level control, and allow engineers to use part of the existing information through the ERP system. The project does not need to create a new record. Any user (even without a CAD workstation) can view the changes or comments of the design drawing and additional data without affecting the original data.
Material procurement is a specific job of a mold maker, so the restricted function of the ERP system is very important. It is necessary to avoid a list-based system that requires all item transactions to be included in the inventory check before it can be used. The ERP system designed for mold manufacturers should provide a variety of ways to create perfect PO data files. The system can enter the command manual state, or use demand-based planning (DDP) to generate time-based suggested purchase times.
A key advantage of the ERP system specially designed for mold manufacturers is that it can automatically arrange the production of the enterprise. Production scheduling should take into account a variety of constraints, such as processing capacity, raw materials, tools, and personnel reserves, to determine the best Schedule. The software can make the company’s calendar in a simulation state, before determining the production plan, see the impact of various situations.
Another advantage of the ERP system is that it closely links financial accounting with all other businesses of the enterprise. In this way, the financial report can be updated continuously in time and provide the latest data. Project management information will also be transmitted to the financial accounting system in a complete, timely and accurate manner, so that the management can grasp the real-time status of operating performance.
The custom function can be used to determine whether the income is confirmed. If the completed percentage is within the defined limit, the confirmed dollar amount will be automatically included in the corresponding account.
Real business cost
In the long stocking time, manufacturers need to perform accurate cost accounting for very complex product designs and projects in order to confirm the benefits of the entire project.
The software can enable the mold maker to obtain the actual cost revenue and expenditure situation throughout the entire production process. Nowadays, what mold manufacturing companies urgently need is to make the entire project more clear and complete. If the goal of the project is to make a profit, then they need to understand all the conditions of the company’s operation. More importantly, the ERP system designed for mold manufacturing is not a typical project-based application software. They need a flexible interface that enables them to conduct cost audits individually or cumulatively into projects.
This solution is to run a complete ERP system, including the application of customer relationship management (CRM), production and all related matters involved in financial accounting. This system will help improve the accuracy of information and provide a basis for decision-making, because all software modules are closely connected, and free information and data transmission can be carried out in the system. Anyone can obtain their information from the workshop. Information needed. The key to its success is to ensure that the ERP system chosen by the company is specially designed for mold manufacturing companies during this operation.
Link to this article：Mold production management software makes better decisions for enterprises
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