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Home / IT Blogs / Accelerate Supply Chain Efficiency with Microsoft Dynamics 365 ERP for Your Wire and Cable Company
September 3, 2020 - by Synoptek
The Wire and Cable industry is experiencing tremendous growth, with reports expecting the market to reach $220.9 billion globally, by 2025. The reasons for this impressive growth are many: advancements in the telecommunications market, turnarounds in electronic equipment shipments, increasing urbanization, and the associated pace of building infrastructure across the world. Add to it the growth in the power distribution sector, the investments in smart grids, the modernization of automotive and non-automotive industries, and the demand for fail-safe wiring and cabling system architectures.
As the market grows progressively, the rise in demand for high voltage cables from oil and gas, automotive, telecom, aerospace, and defense industries is expected to provide several new opportunities for the sector – but meeting this demand in an efficient and timely manner is not easy for there are many challenges that Wire and Cable manufacturers and distributors face:
The Wire and Cable industry is largely driven by demand and supply and has high standards when it comes to quality, approval, and certification of products. Instead of standard, commercially available ERP solutions that are designed for discrete manufacturing industries, what the industry needs is a system specifically designed for the Wire and Cable industry.
A tailored system can not only help companies with accurate demand planning; it can also help improve product quality while reducing production cost and time. Because such solutions are designed keeping in mind the specific challenges of the industry, they can help companies:
The Wire and Cable industry, like any other manufacturing sector, always looks to improve product quality, reduce inventory, maximize production, and ensure on-time delivery. However, all this is only possible when companies can automatically generate production orders on demand. A Wire and Cable industry-specific ERP system can provide companies with all the capabilities they need to accurately predict demand and execute orders – in a time and cost-efficient manner.
By improving visibility, enhancing planning, modifying quotations, optimizing inventory, and managing resources, a tailored ERP system can help monitor and track every aspect of the distribution lifecycle to improve supply chain efficiency and delivery performance.
The Wire and Cable Industry is continuously evolving. Synoptek plays a major role in making the ERP systems for the Wire and Cable industry to deliver a short, mid and long-term transformation roadmap which accounts for all the technological advancements in the market and also for ever-changing customer behaviors. Why not get in touch with us to explore our Wire and Cable ERP offerings in detail. Drop us an email on firstname.lastname@example.org now!
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