Mis for Manufacturing Industry
MIS for Manufacturing Industry
The automation in manufacturing companies has significantly improved in all areas of processing, but at the same time it has also created a staggering amount of data.
Though IT departments have taken advantage of hardware improvements to economically store the increased data, there never seems to be enough time or resources to meet the needs of factory managers who face the “fact gap” that exists between the data and the usable information required to make real business decisions.
For manufacturing/operations companies, getting the right information to the right people in a timely manner has never been more important than it is today – to reduce hidden costs, to increase production, and to maximize profits.
Manufacturers have to manage the complexity of their supply chain, internal manufacturing, and operations along with meeting their distribution and customer requirements. Manufacturers today are faced with making extremely complicated decisions in real-time, on a daily basis, with limited information. Manufacturers face increasing globalization, more competition than ever, and customers whose demands reflect their own knowledge and expectations of a global market.
Every manufacturing company is different like different processes, different tracking systems and different challenges. All of these variations add up to the fact that you need a management information system (MIS) that caters to the specific needs as well. While looking for a MIS solution you may define your needs and formulate a list of requirements that simplify the adoption of information technology for improving performance.
In the manufacturing industry, information quality issues exist throughout the supply chain. One reason for this is that manufacturers depend on data from suppliers, contract manufacturers, distributors, retailers, and consumers in order to effectively and efficiently source raw materials, forecast demand, make and market their products.
The automation in manufacturing companies has significantly improved in all areas of processing, but at the same time it has also created a staggering amount of data.
Though IT departments have taken advantage of hardware improvements to economically store the increased data, there never seems to be enough time or resources to meet the needs of factory managers who face the “fact gap” that exists between the data and the usable information required to make real business decisions.
For manufacturing/operations companies, getting the right information to the right people in a timely manner has never been more important than it is today – to reduce hidden costs, to increase production, and to maximize profits.
Manufacturers have to manage the complexity of their supply chain, internal manufacturing, and operations along with meeting their distribution and customer requirements. Manufacturers today are faced with making extremely complicated decisions in real-time, on a daily basis, with limited information. Manufacturers face increasing globalization, more competition than ever, and customers whose demands reflect their own knowledge and expectations of a global market.
Every manufacturing company is different like different processes, different tracking systems and different challenges. All of these variations add up to the fact that you need a management information system (MIS) that caters to the specific needs as well. While looking for a MIS solution you may define your needs and formulate a list of requirements that simplify the adoption of information technology for improving performance.
In the manufacturing industry, information quality issues exist throughout the supply chain. One reason for this is that manufacturers depend on data from suppliers, contract manufacturers, distributors, retailers, and consumers in order to effectively and efficiently source raw materials, forecast demand, make and market their products.