The wire and cable industry offers quality, stability, and service. The delicate wires used in medical procedures, holding up bridges, and wire and cable industries deliver qualitative products and improve lives across the globe. The wire and cable industry are dealing with constant fickleness, changing demands, and fluctuating commodities also can be a significant hurdle. An industry-specific ERP solution only can deal with complex processes and conquer.
Wire and cable processes are complex and products require precision. That refers industry's need for technology that can provide foundational business functions and specific processes for wire and cable needs, however, that’s not always possible with outdated technology. ERP Software for Wire and Cable fulfills the specific requirements of the wire and cable industry.
Let’s have a look at how ERP software helps to double your business
1. Manage price fickleness with metal sales analytics
When we talk about margins and profitability the stakes are too high to be guessing. A real challenge is the price fluctuation of aluminum, special alloys, and copper. A metal-specific ERP software, metal sales analytics can provide up-to-date information to help leaders who can make better decisions. For example, access to a real-time dashboard with aluminum, copper, and special alloy prices across indexes such as the CME Group, London Metal Exchange, and others can also help with updated multiple sales and purchase orders.
2. Control Inventory and customer-specific requirements
The wire and cable industry faces multiple problems in the manufacturing process, however, managing inventory level is also a challenge. Customers' requirements are diverse and keep the change as per market demands. A metal-specific ERP software help industries optimize inventory across multiple locations, size, diameter, coating, length, or construction.
3. Maximize materials & increase profitability
Every wire and cable industry needs several ways to maximize every piece of available metal however, it’s not that much easy. It may require complex calculations and valuable time without innovation to help. The modern technology solution does the hard work. ERP software has visibility to the original specification of raw material and customer specifications material can also conform.
4. Keep Updated about the shop floor
Real-time information updates and production planning are playing a significant role in customers. If any industry fails to deliver real-time data and production updates then they face customers’ frustration and multiple unresolved queries at a time.
Metal-specific ERP solution allows companies to provide real-time production updates to customers and help them with proper production planning. It can also help plan sequence, and execute, including calculations of spool capacity and feet per minute which is based on resources, alloy, and diameter.
5. Quality management with peace of mind
To manufacture cable and wire each material is required its certificates and test report to pass quality standards. Tracking multiple materials and providing certification for the final product can be a tough task however if technology can’t create and trace specific requirements for each item.
Metal-specific ERP solution offers integrated quality checks on specifications like-tensile strength, break strength, and proof load and they can be tailored as per customer requirements. In addition, heat traceability is possible throughout the entire production process to give peace of mind.
Summary - The wire and cable industry go through several challenges while manufacturing. This process has many complexities. Wire manufacturing ERP software helps fulfill all the industry-specific requirements and smoother the entire business process. The above tips help you to double your business and maximize your profits.