Manufacturing today is highly competitive and cost conscious in nature. The only path to becoming efficient and cost effective is be LEAN and AGILE at the same time. Extended enterprise applications like real time production monitoring, finite capacity planning & scheduling are need of the hour.
Real time monitoring of shop floor operations combined with a versatile production planning & scheduling application - increases capacity utilization by 15% and reduces work in progress inventories by 22%. Typical technology implementations of this kind open up cash locked in production & inventory by one-third of total cash in the system.