| Option Matrix Industry Solutions - Manufacturing Applications |
| As the manufacturing industry strives to reduce time-to-market, contain costs, maintain quality and retain customers in an increasingly competitive world, Option Matrix plays a key role in helping manufacturing companies get a better perspective of their processes, take informed decisions and grow business. |
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| Please fill up the form below and we will submit a proposal for your project. Alternatively, you can send email to contact@optionm.net with the project requirements. |
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| What is manufacturing? |
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The Manufacturing sector comprises establishments engaged in the mechanical, physical, or chemical transformation of materials, substances or components into new products.
Establishments in the Manufacturing sector are often described as plants, factories, or mills and characteristically use power-driven machines and materials-handling equipment. However, establishments that transform materials or substances into new products by hand or in the worker's home and those engaged in selling to the general public products made on the same premises from which they are sold, such as bakeries, candy stores, and custom tailors, may also be included in this sector. Manufacturing establishments may process materials or may contract with other establishments to process their materials for them.
The materials, substances, or components transformed by manufacturing establishments are raw materials that are products of agriculture, forestry, fishing, mining, or quarrying as well as products of other manufacturing establishments. The materials used may be purchased directly from producers, obtained through customary trade channels, or secured without recourse to the market by transferring the product from one establishment to another, under the same ownership. The new product of a manufacturing establishment may be finished in the sense that it is ready for utilization or consumption, or it may be semi-finished to become an input for an establishment engaged in further manufacturing. For example, the product of the alumina refinery is the input used in the primary production of aluminum; primary aluminum is the input to an aluminum wire drawing plant; and aluminum wire is the input for a fabricated wire product manufacturing establishment.
The sub-sectors in the Manufacturing sector generally reflect distinct production processes related to material inputs, production equipment, and employee skills. In the machinery area, where assembling is a key activity, parts and accessories for manufactured products are classified in the industry of the finished manufactured item when they are made for separate sale. For example, a replacement refrigerator door would be classified with refrigerators and an attachment for a piece of metal working machinery would be classified with metal working machinery. However, components, input from other manufacturing establishments, are classified based on the production function of the component manufacturer.
Manufacturing establishments often perform one or more activities that are classified outside the Manufacturing sector of NAICS. For instance, almost all manufacturing has some captive research and development or administrative operations, such as accounting, payroll, or management.
Manufacturing is still a major engine in today's economy. The fundamental success factors in this industry remain constant: produce the right products-in the right quantities, at the right time, with good quality, and at a price the customer is willing to pay. However, flexibility and continuous improvements are also imperative.
Success includes the flexibility to respond to emerging markets, such as today's growth opportunities in China and Eastern Europe, and to the ever-changing needs of the customers. Capitalizing on these opportunities and demands involves quickly adapting to new approaches, trading partners, and procurement strategies. |
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| Click here to submit your project requirements to Option Matrix, India. |
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Industry Classification |
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| Option Matrix uses NAICS (2002) classification to determine its coverage in the manufacturing industry. We conduct campaigns and track the opportunities in the following segments of the manufacturing industry. |
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| Food Manufacturing |
| Beverage and Tobacco Product Manufacturing |
| Textile Mills |
| Textile Product Mills |
| Apparel Manufacturing |
| Leather and Allied Product Manufacturing |
| Wood Product Manufacturing Paper Manufacturing |
| Printing and Related Support Activities |
| Petroleum and Coal Products Manufacturing |
| Chemical Manufacturing |
| Plastics and Rubber Products Manufacturing |
| Nonmetallic Mineral Product Manufacturing |
| Primary Metal Manufacturing |
| Fabricated Metal Product Manufacturing |
| Machinery Manufacturing |
| Electrical Equipment, Appliance, and Component Manufacturing |
| Transportation Equipment Manufacturing |
| Furniture and Related Product Manufacturing |
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| Click here to submit your project requirements to Option Matrix, India. |
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Trends & Challenges |
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Faced with declining profits and over-capacity, mergers and acquisitions, globalization and heavy regulation, manufacturers are looking to transform the way they operate.
They're scrutinizing their business and realigning their strategies. They're streamlining processes to drive out cost and increase operational efficiencies. They're embracing digital and supply chain technologies to shorten the distance between themselves, their suppliers and their customers. They're consolidating suppliers to reduce their total cost of procurement. And they are outsourcing functions wherever it makes sense, so they can more keenly focus on their core competencies. |
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| Eight key trends offer opportunities and/or pose challenges to the manufacturing industry: |
| Global economic integration will continue and will trigger significant changes within the manufacturing sector. |
| The knowledge economy is transforming manufacturing. |
| Providing the best value to customers is increasingly important to manufacturers. |
| Manufacturers are examining their value chain to identify and maximize their companies' advantages and core competencies. |
| Manufacturing processes are increasingly automated and the related machinery is more and more sophisticated. |
| Regional and local manufacturing industry clustering will intensify. |
| Nanotechnology will change the nature of manufacturing and provide expanded opportunities for economic growth. |
| Manufacturing is evolving from a single-focused mechanistic model into a system model characterized by self-improving networks and feedback loops. |
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| Click here to submit your project requirements to Option Matrix, India. |
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Solution Framework |
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| Option Matrix has targeted small and medium sized enterprises in the manufacturing industry and identified solutions which are useful for these businesses. Here is the list of software solutions offered by Option Matrix to the manufacturing industry: |
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| B2B Integration with suppliers, distributors and service centers |
| Function Automation & Integration |
| Purchasing |
| Material Management (Inventory Control) |
| Production Planning & Control |
| Plant Maintenance |
| Warehousing |
| Order Processing |
| Distribution Planning & Control |
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| Customer Relationship Management |
| Content Management |
| Customer Support |
| E-Commerce |
| HR Intranet |
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| Click here to submit your project requirements to Option Matrix, India. |
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| Experience Protfolio |
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| Stage |
Description |
| Importer of wines in Japan engaged in further distribution to hotels, restaurants and retailers |
B2B integration with suppliers, distributors & partners creates faster fulfillment and fewer stock outs leading to higher sales / cost efficiency |
| Firearms distributor in Massachusetts, USA |
Inventory Control covers the supply chain including raw materials, ancillary transfers, work in process, warehouse inventory and material in transit enables lower dead inventory levels and improves order fulfillment. Value and Consumption based inventory analysis along with stock reconciliation reports greatly facilitate decision making |
| Florida based firm engaged in sheet metal punching, bending, and cutting copper tubing used in air conditioners |
Purchasing & Material Management covers the inbound process of planning, ordering and acquiring material from vendors. Vendor evaluation, Quotations, purchase orders, good receipt notes and accounts payable are a part of this solution. |
| California based manufacturer of packaging machinery |
Plant Maintenance solution covers corrective, preventive and predictive maintenance modules with alerts, notifications, equipment schedules, work orders and equipment availability reports |
| US based Client - Option Matrix cannot disclose about client due to a strict NDA |
Production scheduling solution maintains an equipment database along with process flow charts for different components. Equipment schedules can be chalked out for each machine and combined for the entire production plant to create a summary report. Capacity utilization, stage-wise production & work-in-process inventory can be monitored. |
| US based Client - Option Matrix cannot disclose about client due to a strict NDA |
Sales & Distribution solution manages quotations, customer orders, order processing, invoicing, distribution planning, production planning, stock transfer notes, delivery notes & sales forecasting |
| US based Client - Auto Component Manufacturer in Detroit, Illinois |
Dynamic Content Managed Web Sites provide a WYSIWYG HTML editor in admin control panel to update all text & graphics on the home page & front end inner pages of the website. Newsletters, forums, role based content submission / approval workflow and category / template updates are the key features that are managed in the admin panel. |
| US based Client - Cigarette Maker in Manchester, New Hampshire |
B2C E-Commerce Online Store provides a categorized front end display of products & / or services with a shopping cart to manage purchases and online payment integration to accept online credit card payments. Membership, categories & catalog can be managed in the admin control panel. |
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