wordpress stats

Best Practices For Optimising Supply Chain Management In Manufacturing

Year 2021
October 2021
Best Practices For Optimising Supply Chain Management In Manufacturing
07 Oct 2021

Best Practices For Optimizing Supply Chain Management In Manufacturing Blog banner 1024x576 - Best Practices For Optimising Supply Chain Management In ManufacturingSupply Chain Management (SCM) plays a key role in managing the performance of a product-based company. Manufacturing firms are not the exception when product portfolios are more complicated than ever. To help you out, we have compiled a list of best practices that can simplify SCM in the manufacturing industry. Read on!

Improving Demand Forecasting Accuracy

For manufacturers, estimating the amounts and categories of products produced for the next few months is a vital necessity. The better the forecasting method is, the better you are able to control your purchases. Identifying current best-selling products is also needed. Thus, businesses can stock the proper amounts of raw materials required to produce and avoid stock shortages or overstock.

An efficient way to optimize the supply chain in manufacturing is to ensure the information data used for forecasting is absolutely accurate and reliable. Based on inventory and sales data, Synergix Enterprise Resource Planning (ERP) system offers Manufacturing solutions with features of Material Requirement Planning and data analytics. Hence, businesses can effectively monitor all material statuses required to meet demand and give proactive responses to current and new requirements.

Building A Close Rapport with Suppliers

Manufacturers have to work with many suppliers who provide raw materials, equipment, and tools for production. Therefore, to ensure a smooth supply chain manufacturing workflow, it is necessary to build and maintain good relationships with them. 

The first piece of advice for building a good rapport with suppliers is to ensure that they always get paid on time. Meanwhile, overdue payments can not only ruin your reputation but also destroy your relationships with suppliers. In this case, Synergix ERP software provides an e-invoicing solution with InvoiceNow. The system enables businesses to get paid faster. As such, businesses do not have to worry about outstanding payments and forgotten billings.

Invoicenow 1024x580 - Best Practices For Optimising Supply Chain Management In Manufacturing

The second one is to build a positive contract relationship. This means that both sides need to clearly understand and uphold the obligations included in the contract. In turn, both can avoid mistakes that cause interruptions and financial damage, even saving time and money to find solutions.

Evaluating Regularly To Avoid Bottlenecks

Manufacturing sectors need to evaluate Supply Chain Management on a regular basis. This aims to figure out factors that cause delays and interruptions during supply chain operations. Managers should pay attention and assess all the processes included, such as procurement, picking, packing, and delivery regularly.

With a fully integrated ERP system, manufacturers can have a look at all processes on one single platform. The system will collect and update supply chain data so that businesses can identify problems and potential risks and take timely preventive actions.

Enhancing Mobility

Increasing mobility is to enhance the supply chain flexibly. Using the cloud-based ERP system, manufacturers can monitor inventory, go through sales reports, track shipment, invoices, etc. with an internet-connected smartphone or tablet. Hence, businesses can remarkably reduce unexpected delays.

Staying Current with Technology Trends

These days, the latest technology trend of integrating the Internet of Things (IoT) with ERP systems has proven to be able to optimize various manufacturing processes, particularly in Supply Chain Management. Synergix Technologies can integrate ERP solutions with IoT solutions with the purpose of visualizing, alerting, and integrating data. As such, the system can provide full support to all manufacturing companies.

The integration of Synergix ERP system with IoT solution for manufacturing industry banner 1 1024x576 - Best Practices For Optimising Supply Chain Management In Manufacturing


Synergix ERP software from Synergix Technologies is a fully integrated, customisable and cloud-ready solution. We have helped more than 600 enterprises automate their operations and digitally transform for higher productivity. As we are a pre-approval vendor for Productivity Solution Grant (PSG), our consultants can assist eligible companies adopting Synergix ERP solution to receive funding of up to 80% of the qualifying cost.

To support manufacturing businesses in digitalisation, the Singapore Government has extended the maximum support for PSG and Enterprise Development Grant (EDG) until March 2022. Hence, now is the best time for businesses to adopt an ERP system and get the greatest financial support.

Contact us now if you are interested in our ERP system!

Contact Us Now