Manufacturing Terms

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Enterprise Resource Planning (ERP)

manufacturing

A comprehensive software platform that integrates various business processes and functions across an organization.

expanded

Enterprise Resource Planning (ERP) systems enable the integration and automation of core business processes such as inventory management, production scheduling, financial management, and human resources. In the manufacturing sector, ERP systems contribute to increased efficiency by providing a unified interface for tracking production timelines, managing supply chain logistics, and optimizing resource allocation.

examples

An ERP system used by a medium-sized manufacturing company to synchronize its supply chain and production schedules, resulting in a 15% reduction in lead time.

Commonly implemented in manufacturing facilities to achieve real-time data synchronization across departments.

Utilization of an ERP system to automate the financial reporting of a multi-national manufacturing corporation, reducing report generation time by 30 hours per month.

Widely adopted in large-scale manufacturing environments to streamline financial operations and compliance.

related terms

Material Requirements Planning (MRP)
Material Requirements Planning (MRP) is a production planning and inventory management system used to manage manufacturing processes.
Programmable Logic Controller (PLC)
A digital computer used for automation of industrial processes.
Robot
An automated machine capable of performing complex tasks in manufacturing environments.
Flexible Manufacturing System (FMS)
A Flexible Manufacturing System (FMS) is an integrated network of automated machines and tools capable of adapting to variable product volumes and types.
Supply Chain Management (SCM)
A systematic approach to managing the flow of goods and services within a manufacturing environment.