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Manufacturing industry outlook continues to rise

Manufacturing industry outlook continues to rise

Business is continuing to improve in the manufacturing industry, according to the recent Manufacturers Alliance for Productivity and Innovation quarterly business outlook survey. The index has improved to its highest level since 2011, which marks the 17th quarter in a row of improvement for the industry. More organizations are now using ERP implementation to improve customer service and utilize warehouse management systems with barcode systems in place to ensure efficiency.

The report’s index went from 66 to 67 this quarter, which makes it the highest reading since September 2011.

“The increase in the composite index and the continued improvement in most individual indexes signal that there is momentum pushing manufacturing activity and that activity is expected to increase over the next three to six months,” said Donald Norman, senior economist and survey coordinator at MAPI. “The results suggest the sector has reason for optimism for all of 2014.”

Cloud computing is making all of the current and innovative technology available to businesses of all sizes more efficiently. Manufacturing organizations planning an ERP implementation or similar upgrade could likely procure the tools via the cloud much more easily and effectively than previous incarnations of software purchases.

Manufacturing professional Steve Leavitt wrote on Manufacturing Business Technology that another benefit of cloud computing in the industry is the ability to get value quickly. A big challenge for enterprises of all sizes is getting new software rolled out to employees. Utilizing the cloud makes this far easier than it otherwise would be. Updating cloud-based software will also be much easier than it would be if a business were to buy one version of software, as the updates can be readily downloaded and used right away instead of having to worry about installing it on each employee’s device one-by-one.

To discuss Microsoft NAV solutions for manufacturing, join the Microsoft Dynamics NAV for Manufacturing LinkedIn group.

Posted in: Manufacturing Productivity

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