Primarily due to rapid development of technology in the past thirty years, the market structure throughout the world has changed considerably. Local markets have become accessible to foreign manufacturers, who are able to perform well in their newly established territories in part due to their superior application of technology. In this light, most companies, including small and medium size, have embedded globalization in their expansion strategies, consistently seeking for new markets abroad. Consequently, local manufacturing companies are facing global competition, forcing them to adopt new concepts with respect to people, process and technologies. This document describes these approaches to production planning in detail as well outlines a software solution. The software solution (Production/3) combines both pull and push techniques and enables small to medium size organizations to fully automate their production system while retaining their investment in their legacy enterprise resource planning (ERP) systems.
Reduction in required plant space Improvement in product quality Creation of flexible and agile workforce Decision accountability at all levels Return on Investment Return on investment is based on a typical manufacturing plant that employs roughly 100 production staff and value of shipment is approximately $20 million per year excluding the cost of raw materials. Cash Flow Projections graph (all currency is in thousands of dollars) depicts the total cost of system ownership including software, hardware,