90% of Manufacturing Businesses Are Losing Money In These 10 Areas


02 April 2024


Mamie Prestidge


Did you know that a staggering 90% of manufacturing businesses are losing money in crucial areas of their operations? In this document, we uncover the top 10 areas where manufacturers are bleeding profits and how ERP solutions can turn the tide.

In today's competitive manufacturing landscape, staying profitable is more challenging than ever. The complexities of production, supply chain management, and regulatory compliance demand precision and efficiency. Yet, many businesses find themselves facing significant financial losses due to operational weaknesses such as...

No. 1 - Innefficient Production Planning

Discover how inadequate production planning processes can lead to wasted resources, delays, and increased costs. Efficient production planning is the backbone of manufacturing success.

No. 2 - Inventory Mismanagement

Learn how poor inventory control can tie up capital, lead to stockouts, and result in lost sales
opportunities. Your inventory should be a strategic asset, not a drain on resources.

No. 3 - Manual Data Entry Errors

Explore how manual data entry can introduce costly errors into your business processes and damage your bottom line. Human errors can be costly and avoidable.

No. 4 - Lack of Real-time Visibility

See how the absence of real-time data can hinder decision-making and impact overall efficiency. Timely information is the key to agility and profitability.

No. 5 - Quality Control Issues

Understand the implications of subpar quality control, including rework costs and customer dissatisfaction. Quality is non-negotiable in manufacturing.

No. 6 - Regulatory Compliance Challenges

Find out how non-compliance with industry regulations can result in hefty fines and legal troubles. Compliance is not an option; it's a necessity.

No. 7 - High Maintenance Costs

Discover how neglecting maintenance schedules can escalate costs and lead to unplanned downtime. Proactive maintenance is an investment in reliability.

No. 8 - Ineffective Supplier Management

Learn how inadequate supplier relationships can impact your supply chain and profitability. Your suppliers are partners in your success.

No. 9 - Inadequate Reporting and Analytics

See why lacking robust reporting and analytics tools can hinder strategic decision-making. Data-driven insights are the roadmap to growth.

No. 10 - Scalability Limitations

Uncover how limited scalability can hinder growth opportunities and profitability. Your business should be able to expand without constraints.

ERP Solution

At Logiq, we specialise in ERP advisory services that can transform your manufacturing operations. Our experts will tailor a customised ERP solution to address these 10 critical areas, ensuring efficiency, cost savings, and profitability.

Our ERP solutions empower manufacturers to streamline operations, enhance visibility, optimise inventory, and comply with regulations seamlessly. With real-time data, smart analytics, and automation, your business can thrive in a competitive market.

In a world where efficiency and profitability are paramount, ERP systems have become a lifeline for manufacturers. They enable you to navigate the complexities of modern manufacturing with confidence, ensuring that you not only survive but thrive.

Contact us for a free ERP consultation:

[email protected]

0800 564 471

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