As the operations manager for Berlin precision tool and fixtures manufacturer Sirois Tool, Andre Nadeau is concerned with efficiencies.
"In manufacturing, it's important to have a snapshot of your jobs," Nadeau said. "It helps us understand how far along a job is, how much time we've spent and our costs."
For many 21st-century manufacturers, that snapshot is increasingly being created by Enterprise Resource Planning (ERP) software, which tracks business resources — cash, materials and production capacity — and the status of business commitments, purchase orders and payroll. That in turn, has fueled an ERP industry that's projected to expand by more than 7 percent annually and grow to $41 billion by 2020, according to Allied Market Research, a global research firm.
That trend has been good news for ERP software companies like Glastonbury-based Shoptech Software, which has been recognized for the past nine years by Inc. Magazine as one of the fastest-growing 5,000 companies in America, the only shop-management provider on the list.
"Only a tiny fraction of the nation's companies have demonstrated consistently high growth, particularly in the difficult economic environment of the past few years," said Eric Schurenberg, editor in chief of Inc. Magazine. "Winning the award nine consecutive years puts Shoptech in rarefied company."
Shoptech's growth over the past decade has been driven by a focus on small to mid-sized manufacturers, said Paul Ventura, the company's vice president of marketing. "Most small shops are coming off QuickBooks or Excel spreadsheets ... for [tracking] their shop floor needs," he said. Ventura says the company's flagship E2 software tracks clients' personnel time, reduces the margin of error and provides complete visibility — from quoting, scheduling, material management, quality controls and finances — in real-time. "It helps [companies] to make better business decisions in a timely fashion, which results in higher profits."
Read More@ http://www.hartfordbusiness.com/article/20160606/PRINTEDITION/306039958/1043
"In manufacturing, it's important to have a snapshot of your jobs," Nadeau said. "It helps us understand how far along a job is, how much time we've spent and our costs."
For many 21st-century manufacturers, that snapshot is increasingly being created by Enterprise Resource Planning (ERP) software, which tracks business resources — cash, materials and production capacity — and the status of business commitments, purchase orders and payroll. That in turn, has fueled an ERP industry that's projected to expand by more than 7 percent annually and grow to $41 billion by 2020, according to Allied Market Research, a global research firm.
That trend has been good news for ERP software companies like Glastonbury-based Shoptech Software, which has been recognized for the past nine years by Inc. Magazine as one of the fastest-growing 5,000 companies in America, the only shop-management provider on the list.
"Only a tiny fraction of the nation's companies have demonstrated consistently high growth, particularly in the difficult economic environment of the past few years," said Eric Schurenberg, editor in chief of Inc. Magazine. "Winning the award nine consecutive years puts Shoptech in rarefied company."
Driven by small to midsize manufacturers
Shoptech's growth over the past decade has been driven by a focus on small to mid-sized manufacturers, said Paul Ventura, the company's vice president of marketing. "Most small shops are coming off QuickBooks or Excel spreadsheets ... for [tracking] their shop floor needs," he said. Ventura says the company's flagship E2 software tracks clients' personnel time, reduces the margin of error and provides complete visibility — from quoting, scheduling, material management, quality controls and finances — in real-time. "It helps [companies] to make better business decisions in a timely fashion, which results in higher profits."
Read More@ http://www.hartfordbusiness.com/article/20160606/PRINTEDITION/306039958/1043
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