Manufacturing

In today's Manufacturing Industry, efficiency and accuracy are key. AugTool ERP offers a quick and easy solution to optimize processes, enhance productivity, and support growth. It addresses key needs such as Multi stage Production, procurement planning, inventory management, and real-time reporting, streamlining business operations.

Single and Multi-Stage Manufacturing

Implementing a strategic production framework in manufacturing is essential for optimizing processes and meeting competitive lead times. By integrating this framework with advanced financial systems, businesses can manage pricing, ensure timely access to raw materials, and streamline operations.

Multi-stage production enhances efficiency by linking production stages and managing demand and procurement.

AugTool's single and multi-stage production solution helps manufacturers effectively manage production demand, reduce waste, and improve inventory levels, ensuring timely purchases and operational efficiency.

Leveraging IoT and API Integration

With AugTool’s Iot your devices such as production machines and weighbridge indicators can directly communicate with AugTool ERP. This can drastically improve data capture accuracy and inventory tracking and control.

AugTool's API layer facilitates communication between different software applications in the Manufacturing industry; including resource management systems, equipment monitoring platforms, and logistics services. This enables automated data exchange and provides real-time access to essential information.

Multi-warehouse and Binning capabilities

The ability to manage inventory across multiple real or virtual warehouses and bins in Augtool can greatly improve the efficiency and effectiveness of inventory control.

Having a view of and the ability to use and set rules on multiple bins and locations optimizes dispatch, receivals, stock takes, stock transfers and other inventory processes.

Procurement - Planning and Processes

Procurement management is crucial for the manufacturing industry, ensuring a steady supply of raw materials, reducing production delays, and optimizing inventory. By accurately forecasting demand, companies can avoid overstocking or understocking, leading to efficient operations and better cash flow.

Augtool helps determine optimal procurement quantities by reporting sales forecasts, stock levels, and demand data, enabling manufacturers to maintain adequate inventory, minimize production risks, take advantage of bulk purchasing discounts, and improve cost-effectiveness.

The ability to manage inventory across multiple real or virtual warehouses in AugTool can greatly improve the efficiency and effectiveness of inventory control.

Having a view of, and the ability to utilize multiple bins and locations optimizes dispatch, receivals, stock takes, stock transfer and other inventory processes.

Fixed Assets

Fixed assets play a vital role in the manufacturing industry, where machinery, equipment, and infrastructure are essential for operations. Effectively managing fixed assets are influential for optimizing production processes, ensuring reliability, and maintaining regulatory compliance.

AugTool offers a comprehensive solution for managing fixed assets, providing real-time insights into asset utilization, depreciation tracking, and overall asset performance.

Controlling and Reconciling Landed Costs

Managing landed costs are critical for reporting accurate profit margins for companies in the manufacturing industry that import their raw materials or components.

AugTool assists in allocating and managing landed costs such as freight, insurance, customs duties, and currency conversion with ease. This ensures precise cost tracking, reduces discrepancies and variances, and supports competitive and profitable pricing strategies.

Additionally, automated reconciliation processes of paying landed cost suppliers reduces manual errors and saves time, while detailed reporting provide valuable insights for better financial planning and decision-making.

Managing Consignment Stock

Maximize value by holding inventory as consignment stock, as you only pay for it when utilized. The manufacturing industry can greatly benefit from implementing consignment stock agreements and utilizing AugTool to manage it efficiently for you.

AugTool tracks liabilities as consignment stock is used in production or delivered, providing a user-friendly system for generating accurate and timely supplier invoices. Additionally, leveraging consignment stock enables you to quickly meet customer demands.

Vehicle Scheduling

Augtool provides an easy-to-use vehicle scheduling system for the manufacturing industry. It controls the scheduling and management of vehicles to assist in maintaining appropriate stock levels for production and customers receive their goods on time.

As a standard feature, Augtool manages the intricate processes of tracking and paying for the appropriate transportation costs. Using Vehicle scheduling in addition ensures a far more detailed picture is captured and that costs are allocated on a more granular level.

Additionally, Augtool promotes a real time API to communicate vehicle schedules quickly and accurately with customers and suppliers. This enhances coordination and keeps all stakeholders informed throughout.

Batching and Chain of Custody

Enhance your manufacturing process with batching processes that can create, split, and merge product batches throughout various stages, including receiving goods, stock transfers, production, and deliveries. This approach improves issue traceability and chain of custody reporting.

Increase safety and compliance for perishable inventory by tracking expiration dates and using automated batch selection processes to manage items nearing their expiry dates.

Reduce costs and simplify recall procedures by implementing smaller batch sizes and utilizing chain of custody tracking and reporting.

Transact in Forex, use Foreign Re-Evaluation Runs and manage

The Manufacturing Industry leverages Forex for global sourcing, international sales, and risk management to optimize international transactions.

Augtool empowers manufacturers to handle daily exchange rates, produce foreign exchange invoices, manage forex gains and losses, perform document level Forex Re-Evaluation, and oversee Forward Exchange Contracts, ensuring seamless international operations.

Real-Time Reporting for Informed Decision-Making

Companies in the Manufacturing Industry need to make critical decisions concerning inventory management, pricing strategies, supplier relationships, demand forecasting, and monitoring production performance.

Access to real-time data is vital for managers, as it allows for informed decision-making based on the latest information across various facets of the business.

AugTool Real-time data enables managers to swiftly respond to market changes, optimize inventory levels, promptly adjust pricing, enhance supplier collaborations, predict demand accurately, and keep a close watch on manufacturing performance.

Conclusion

AugTool tackles key challenges in the manufacturing industry such as production planning, inventory management, and real-time analytics. It helps streamline processes, cut costs, and boost growth.

Ready to enhance your manufacturing operations? Discover the potential of AugTool. Join now and enjoy a smarter, more efficient production workflow.