Manufacturing is alive and well in the USA
Manufacturing remains a strong and integral part of the United States economy, according to Justin Lahart of the Wall Street Journal. Currently, domestically manufactured goods account for one third of America's gross domestic product.
In October, the Institute for Supply Management's index of manufacturing activity shot up from 56.6 in September to 59.0. Fifty is the index's boundary that delineates between growth and shrinkage. The index rarely approaches 60, meaning good things for the state of manufacturing in the US.
"Indeed, the backdrop for manufacturing looks like it will be good for a while," says Lahart. So why has American manufacturing flourished in recent months?
It's not too much of a stretch to attribute some the success to the improvements made in manufacturing ERP software in recent years. With those developments, companies' data management has become more efficient, ultimately leading to greater productivity and a greater presence in the US economic sphere.
Bob Vormittag listed some of the major benefits 2014's advancements in ERP have had for businesses in an article for Manufacturing Business Technology Magazine. They included improved compliance with industry regulations, the speed and convenience of the cloud, increased product traceability, deepened customer interactions and the automation of ERP operations.
With these promising steps forward, Vormittag insists that "it is imperative that companies continuously incorporate new technologies that will dramatically improve their business operations."
Sound advice. But the installation, integration and maintenance of a comprehensive ERP system in a manufacturing company is no small feat. That's where Accent Software can help. If your Indiana, Ohio or Kentucky business is looking into joining the world of ERP, give us a call. We provide business management software solutions that will streamline your company's processes. Our experience with Microsoft Dynamics NAV makes us the perfect partner to guide you on your road towards a fully-functioning and beneficial ERP system.