ERP Solution for High Tech & Electronics Manufacturing
Electronics and high tech industries depend on the power of innovation and the ability to handle change as the essential element of success. The pressure is constantly on margins, a fluidity of the global supply chain, difficulties in cross-border shipments as well as strains on availability of raw materials and demands for controlling costs. ERP tools and software from QAD provide high-tech and electronics companies to tackle these demands while adhering to the industry standards and regulations.
ERP Solution
What is High Tech & Electronics ERP?
High Tech and Electronics ERP (Enterprise Resource Planning) software offers specific functionalities for industry, to satisfy the demands of companies under constant pressure to develop high-quality, reliable, and economical products. High Tech and Electronics manufacturers are constantly faced with the task of automating ever-more complex supply chains in order in order to speed up times to market, manage cross-border deliveries to ensure global trade and create accurate forecasting procedures to ensure the availability of materials and cost reduction, while also reducing cost and also meeting traceability demands of their clients. Utilizing an ERP software designed specifically for high-tech and electronics manufacturing eases the pressures of this industry through providing real-time, complete insight into supply chains to allow for better production flexibility and coordination.
Key High Tech & Electronics Vertical Segments:
At QAD We provide high-end industry-specific ERP software for manufacturing firms. To help take your business to the next step We provide a specialized focus to vertical segments in each one of our industry-specific editions. We’re here to assist you develop into an Adaptive Manufacturing Enterprise.
Standalone Devices and Test Equipment
Technology-driven Original Equipment Manufacturers (OEMs) have to constantly manage the complicated supply chain for assembly-based manufacturing that incorporates sophisticated and fast-moving electronic technology. The OEM must keep track of the genealogy of the equipment models, which include modifications to the firmware of devices and be able to meet aftermarket demands.
Industrial Batteries
A well-integrated supply chain and the tracking of genealogy orders by means of computerized working cells is vital to support electronic component manufacturing. Unwavering quality, the management of materials, expensive materials, and a tightly coordinated supply chain are a challenge for every day processes.
Electronic Components and Cables
An integrated supply chain as well as the tracking of genealogy orders using automation of work units are vital for electronic component manufacturing. The flexibility of the system is crucial to satisfy the requirements of massive customization in a challenging manufacturing environment.
4 Most Important Functions of ERP Electronics Manufacturers Demand
The ERP electronic manufacturers will profit from delivering high-quality operations and safety, speed and cost optimization.
They will never be from favor with the electronics and parts producers since they create cutting-edge technology, meet demands with precision and do business with their numerous suppliers and subcontractors.
With each new market or consumer trend electronics manufacturers have to update their lists of the most important things. We believe, however, that the correct ERP system is the one that serves as the basis for establishing and coordinating in line with the best practices and company personal values.
Here’s a list of the functions that electronics makers can’t do without, and how ERP can bring these functions to factories everywhere:
- Forecasting sales and buying power
An ERP system that is suitable for electronics companies serves as the basis for establishing and managing in accordance with the most effective practices and their individual values
If electronics manufacturers are able to better understand the sales they make, they are able to make better decisions regarding manufacturing and purchasing. All of it is linked however, it all starts with accurate, actionable forecasting of sales.
If the source is not sufficient, production will slow down until teams get the parts that are missing. In the event that you source too much, the business will be able to overextend it’s cash flow. If the ERP is installed, companies can determine the quantity of parts from sales data and benefit from price breaks more frequently.
- Absolutely transparent management of inventory
It’s not necessary to be someone who has worked in industries that manufacture electronics to appreciate the difficulties of managing large quantities of tiny components that undergo rapid assembly. As mentioned previously the use of the use of an ERP system that encourages intelligent procurement methods based on real-time demands and turnover rates can result in long-term cost savings and reduce the risk of parts shortages and parts overages.
The advantages continue even after one adds the capability of managing inventory as well as forecasting capabilities. ERPs ensure the security of electronic components through process transparency. Users are aware of how components are organized as well as the rationales for each replenishment amount which reduces the amount of physical inventory on the premises and makes use of the inventory management capabilities effectively. Less volume means a lower risk of damaging the parts.
Take into consideration the benefits of prototyping, as well. If the components that were put into the prototype were damaged as a result of insufficient control of inventory, what would be the odds that the prototype could be transformed into a fully-fledged product? In all three scenarios ERP-powered inventory management processes aid electronics companies in reducing the dangers to their components which cause the most trouble.
ERP Electronics Manufacturers
Does your electronics company get the best deal or just a rough deal? Find out using advanced lot control.
- Protection against flaws and fakes
The demand from consumers for quick development times, the benefits of risk diversification between several vendors, the influence of geopolitics on global economies, and the complexity in the supply chain is a result of many factors.
However, when trying to maintain the integrity of sales and supplier channels that span the globe technology has been subject to an abundance in intellectual theft as well as counterfeiting. The total amount of IP theft can cost an estimated $600 billion annually. The U.S. economy has an estimated $600 billion per year in the estimation of The New York Times.
The theft of IP costs an estimated $600 billion annually to the U.S. economy an estimated $600 billion per year.
Comprehensive ERP solutions that include web-based vendor portals are an initial defense against the spread of counterfeit products through supply chains as well as into the market. These systems OEMs can create approval lists based on the current laws and incorporate the required documents for compliance straight into the user interface. When standards and laws change in the internal or external environment manufacturers can modify their the requirements, check their compliance and break off from vendors that do not keep up to date.
Additionally, ERP systems with integrated lot control management allows electronic producers to track their parts with greater precision through the chain of supply. If there is evidence of counterfeiting or defective components is discovered, the teams will draw lines to trace back bad batches, and then determine where the problem started and determine which distribution channels were used to distribute similar goods that are faulty. With the sheer volume of electronic components manufactured and how frequently they change their inventory ERP-integrated control of lot numbers can be a huge benefit to both brand compliance and regulatory image.
- Control of revisions/versions
There is no industry that knows more about the speed of innovation as electronics manufacturing. If an engineer’s change request is issued from the top, companies have to adapt in order to improve their offerings, maintain efficiency or resolve problems they’ve found.
There’s a clear benefit to making a continuous archive of the latest production methods, current specifications for products, and all previous variations of both – also called revision or version control. However, the way an electronics manufacturer utilizes the process of versioning determines the outcome it will get from the process. Effective version control needs a platform that provides easy access to documents from the past as well as continuous collaboration in real-time and a plan of action in the event of conflicts. For manufacturers of series electronic who require a an extensive lifecycle management system for their products A ERP system with the capability of Production Planning and Control and CAD integration could be the ideal platform.
In addition, companies that offer custom-designed products will require an ERP system like Tesla Digital ERP, which can be integrated with third-party configuration software from end to end, and streamline the creation of everything including invoices and Bills of Materials.
Both cloud and native ERP products from Tesla Digital can provide these fundamental functions and many more. For more details find out how Tesla Digital ERP supports the industry in building an intelligent future, one silicon at a time.