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Before we jump into 2024, let’s take a minute to reflect on the topics you and your industry partners found most interesting in 2023. In this blog, we will count down the five most viewed manufacturing articles we posted throughout 2023.
Inflation in 2023 is predicted to fall but will still significantly impact the manufacturing industry. Businesses must be prepared to adjust their prices and production costs to remain competitive. By using automation and business intelligence solutions like M1, businesses can mitigate the effects of higher inflation and ensure their long-term success.
Liam Merrick, an ERP expert from Australia with over 20 years of experience in the manufacturing industry, shares his thoughts on the new MYOB and JobBOSS² integration. He believes this integration will greatly benefit job shops, as it will help them manage their data more effectively and make better decisions. He is excited to help job shops learn about the benefits of this product and feels that it will help them survive and thrive in today's competitive business environment.
The Fourth Industrial Revolution, or Industry 4.0, is revolutionising how businesses operate and compete. It is built on the advancements in Internet of Things (IoT), Artificial Intelligence (AI), and Machine Learning (ML). These technologies offer businesses opportunities to improve efficiency, productivity, and decision-making. This blog highlights the benefits and challenges of Industry 4.0 technology and how it can revolutionise the way you do business.
Switching to a cloud-based business management system can save your business significant money each month. These savings come from eliminating redundant processes, reducing errors, automating tasks, and eliminating the need for expensive on-premise servers. Additionally, cloud-based software is scalable, so you can adjust your usage as your needs change, and it's more secure than on-premise solutions. For example, businesses using cloud-based accounts payable automation have seen a 66% reduction in processing costs compared to manual processing. Automating your invoicing, inventory, and other processes can free up employee time to focus on more profitable tasks. Overall, cloud-based business management systems are a great way for businesses to save money and improve efficiency.
ECI's manufacturing software JobBOSS² is now integrated with Xero, a leading cloud accounting software. This integration streamlines accounting and eliminates double entries and errors, helping businesses work more efficiently. With JobBOSS² as the system of record, data is entered once and automatically pushed to Xero, increasing visibility and profitability. JobBOSS² has helped thousands of businesses succeed for over 30 years, and now, with Xero, it can help even more.
With our top industry trends wrapped up, we can confidently move forward into the new year. We hope to continue to be your source of industry-leading news, information, and entertainment.