Australia is home to one of the busiest and wealthiest economies all over the world. Entrepreneurs know that in this country, the potential for profit is remarkably high. But this goes hand in hand with fierce competition as well. Companies here though can rely greatly on the most innovative technological solutions available to be assured that they stand out from any competition.
Australian manufacturers, in particular, should leverage available technologies and trends in order to keep pace with their competitors. Local manufacturing companies face steep competition with overseas manufacturers since the latter are able to offer clients lower overhead costs. These competitors also have the distinct advantage of being accessible to global centres as well.
Trends And Technology In The Australian Manufacturing Sector
Australian manufacturers, in particular, should leverage available technologies and trends in order to keep pace with their competitors. Local manufacturing companies face steep competition with overseas manufacturers since the latter are able to offer clients lower overhead costs. These competitors also have the distinct advantage of being accessible to global centres as well.
Trends And Technology In The Australian Manufacturing Sector
For Australian manufacturers, there is no better time than now to look into other areas where they can make substantial gains. The use of software that can enable managers to make timely and well-informed decisions is only one way of leveraging helpful technology today.
Below are some noteworthy Australian manufacturing trends and technology that have emerged that local business owners should know about:
• ERP. Enterprise Resource Planning or ERP refers to a suite of applications designed to integrate several functions and processes of a business into one coherent platform. This enables a company to streamline its processes and give decision-makers real-time access to relevant information.
• The Cloud. Various cloud applications have enabled a lot of Australian manufacturers to veer away from decentralisation. Through this platform, various locations can gain access to key information and resources while keeping operation costs at bay.
• ERP. Enterprise Resource Planning or ERP refers to a suite of applications designed to integrate several functions and processes of a business into one coherent platform. This enables a company to streamline its processes and give decision-makers real-time access to relevant information.
• The Cloud. Various cloud applications have enabled a lot of Australian manufacturers to veer away from decentralisation. Through this platform, various locations can gain access to key information and resources while keeping operation costs at bay.
• CRM. Customer relation management software has long been used by local companies. But with the advent of new developments such as social networking, companies are now seeing the other benefits offered by this type of software. One such benefit this technological tool offers is the use of social media listening capability in order to correctly identify customers and engage with them.
• Incorporation of manufacturing and supply chain management. Manufacturers today are able to reap several benefits that boost competitiveness due to the integration of manufacturing practices and systems with supply chain management systems. Key benefits manufacturing firms can get from this solution include shorter cycle times, faster order fulfilment, and lowered distribution costs.
• Lean manufacturing. Lastly, lean manufacturing was first introduced in Australia in the nineties as a means to effectively limit waste and keep non-essential expenditures at bay. However, it was only recently that manufacturers have learned to take full advantage of what it has to offer with the use of ERP.
By Shawn Wallace, a long-time business analyst, with additional info regarding Australian manufacturing trends from www.avonlealabels.com.au.
