Manufacturing growth helped by ERP implementation

///, Manufacturing Productivity/Manufacturing growth helped by ERP implementation

Enterprise resource planning solutions, especially new versions of Microsoft Dynamics NAV, are greatly helping improve business processes. They cannot come at a better time. Manufacturers are starting to show signs of growth at a time where the economy remains at a tenuous state. With a new ERP system, orders will be efficiently completed, and with new modules such as warehouse management software, inventories can be tracked with ease and efficiency. These methods will only help the sector grow in the long term, as new reports indicate.

Markit published its monthly Purchasing Managers’ Index for the manufacturing sector. For the month of September, the seasonally PMI remained at 57.9, well above the standard value of 50. This indicates a high growth rate for the manufacturing sector for the month. The process was greatly helped by employment payrolls rising at the fastest rate since March 2012. Output and new business volumes have gone up for the month, as did the crucial industry indicator of export sales. This has triggered gains in new work. Backing this data was a report from the Federal Reserve Bank in Richmond, which showed gains in productivity in the region. This indicates that ERP and other processes are doing their job to help bolster factories throughout the country.