Many manufacturers have advanced machinery that can automate complex mechanical tasks. Such infrastructure has helped drive up the manufacturing sector’s productivity and output, even as employment has declined. Technology Review has estimated that manufacturing labor productivity doubled between 1994 and 2016.
However, automation has not made as many inroads into how manufacturers manage their finances and customers. A lot of firms rely heavily on spreadsheets and duplicate data entry in order to ensure that their books properly align. Plus, manufacturers put an average of less than 10 percent of their capital spending into new software and equipment.
A modern ERP solution such as Questica ETO removes the information bottlenecks and silos that necessitate so much manual work. With true automation at your disposal, you can free up staff to focus on more important tasks.