ERP SOFTWARE

For The Industrial Equipment Industry

ERP Software for Industrial Equipment Manufacturers

Industrial equipment manufacturers face some of the biggest challenges. Their customers are demanding increased value with decreased costs, while expecting solutions that include full services and support. The products are typically complex in the number of components, and sourced from a number of outside vendors. Simple quality metrics of the past have now been replaced with total life cycle performance, including all the activities that occur from the birth of the equipment till its final replacement.

The main challenge for industrial manufacturers lies in handling all the variety, complexity, and change that continually bombards them. Customers want more variety in the products, for a lower cost, and with a strong performance over the entire life cycle. Combined with foreign competition driving price and innovation, the industrial equipment manufacturer has a full plate.

Fortunately, WorkWise ERP software has unique features that address these problems, helping to bring these challenges under control.

What Makes the Industrial Equipment Industry Market Unique?

INCREASING CUSTOMER DEMANDS

GROWING COMPETITION

PRODUCT COMPLEXITY

LIFE CYCLE PERFORMANCE

WorkWise ERP Software for Industrial Equipment Manufacturers

CHALLENGES FACED BY INDUSTRIAL EQUIPMENT MANUFACTURERS
Competition
  • Foreign low cost competition
  • Weak foreign rights in intellectual property
  • Supply exceeds demand
Innovation
  • Staying ahead of the competition
  • Meeting customer expectations
  • Need to connect more closely to customers design efforts
  • Shorter product lifecycles
Margins
  • Customer demand for lower prices
  • Customer demands for more features, functions and solutions
  • Rising material costs
  • High inventory levels
  • Pressures to reduce cost
  • Push for lower total cost of ownership for the product
  • Inefficient operations
Complexity
  • Large number components and operations in product
  • Variety in features, functions, and special orders
  • Longer and larger supply chains
Quality
  • Lifecycle quality – birth to death
  • Large customer defection rates for poor quality
Total Solutions
  • Customer mandated solutions- birth to death
  • Need for comprehensive aftermarket service and support
  • Requirement for readily available aftermarket parts
  • Mandated full warranty coverage and extended time frames
  • Faster speed needed for quotes and estimates
  • Better customer service
  • Focus on product performance rather than features, functions
Supply Chain Weakness
  • Fluctuating raw material prices
  • Unreliable suppliers
  • Poor delivery performance
  • Need to outsource
  • Need greater insights into supplier activities
Critical Demand
  • Economic
  • Seasonal
WORKWISE ERP KEY FEATURES FOR INDUSTRIAL EQUIPMENT MANUFACTURERS
Mixed Modes
  • Make to stock
  • Assemble to order
  • Build to order
  • Configure to order
  • Repeat and tweak
  • Engineer to order
Mixed Methods
  • Lean Manufacturing
  • Kanban
  • MRP & MPS
  • JIT
  • 5s
  • MES
  • Role based manufacturing
  • TQM, Six Sigma, Kaizen
Customer Service
  • Quoting and estimating
  • Complex Orders
  • Product configuration
  • Copy and tweak order creation
  • Direct Fulfillment
  • Customer portal
  • Customer relationship manager
After Market Sales and Support
  • CRM Call Center
  • eCommerce
  • Warranty
  • Customer Portal
Product Life Cycle Management
  • Customer portal
  • CRM – Customer
  • Product configuration
  • Document and file management
  • Engineering change orders
  • Supplier traceability
  • As built BOM and routing
  • Build histories
  • Quality archives
  • CRM Support
  • Warranty
Manufacturing Execution
  • Product configuration
  • Visual scheduling
  • Shop Floor Control
  • Work in process manager
  • Asset utilization manager, CMMS/EAM
  • Mobile data collection
  • Kanban
  • Kaizen
  • 5s
  • Performance management
  • Human resource management
Supply Chain
  • Inventory management
  • Supplier portal
  • Purchasing
  • Bill of material
  • Engineering change orders
  • JIT
  • Warehouse management
Cost Management
  • Job cost
  • Standard cost
  • Planned vs. Actual
Production Planning
  • Material requirements planning
  • Master scheduling
  • Product configuration
  • Available to promise
  • Lot traceability
  • Capacity planning
Quality
  • Engineering change orders
  • Quality control
  • SPC
  • APQP
  • Supplier score carding
WORKWISE ERP SOFTWARE ADDITIONAL KEY FEATURES & FUNCTIONS
  • Role based screens and applications
  • Blanket purchase orders
  • Document archiving
  • Asset purchased and tracking system
  • Back flushing
  • Rules base configurations
  • Kitting
  • Cumulative lead time
  • Cost application of design, research and other special costs
  • Modular design capability
  • Rules based quotations and configurations
  • Sales order to job link
  • Serial tracking
  • Lot tracing
  • What-if quotes and costing
  • Available to promise
  • Shop order explosion
  • Matrix bills
  • Features and options
  • Multi-level pricing
  • Smooth forecast error
  • Substitutes and alternatives
  • Family forecasting
  • Serialized inventory
  • Attribute management
WORKWISE ERP SOLUTION BENEFITS
  • Improved collaboration and relationship with the customer, engineers and suppliers
  • Ability to handle multiple planning models, configurations
  • Lower costs and waste thru lean practices
  • Better visibility into all aspects of your operations
  • Improved supply chain management and cost control
  • Precise execution throughout the business
  • Flexibility in adapting products to specific customer wishes
  • Better control over design changes
  • Real time feedback to stay on top of all activities and performance
  • Ease of doing business for the customer
  • Enhanced productivity for the shop floor
  • Low cost efficient operations
  • Better customer fill-rates and delivery promises
  • Improved lifecycle management
  • Effective aftermarket sales and support
  • Improved quality with Kaizen, TQM
  • Extend value add programs (solutions)
  • Optimize production capacity
  • Insights into accurate product costs with full view and application methods
  • Tight control on serial numbers and lots
  • Manage high level receivables
  • Project and manage cash flow

Ready to Learn More?

Ready to see how our powerful ERP software can benefit your business? Schedule your personalized, one-on-one demo today.