Digitization in manufacturing businesses is important to save time and simplify many processes. It helps you manage your enquiries, and make production planning easier. It helps you simplify the inventory management process, creating invoices, POs, and other relevant documents in just a few clicks. TranZact is the easiest software to digitise all your manufacturing processes from enquiry to dispatch.
In this blog post, we will learn how TranZact can help you with digitalization of manufacturing process and improve processes like inventory management, production planning, and order management.
Understanding Digitization In Manufacturing
Manual methods take a lot of time and increase the chance of errors, especially in repetitive tasks and document management, but digitization helps you speed up processes and reduce errors. Digitization in manufacturing is using tools to digitse and automate manual processes and increase operational efficiency.
Learn What Is a Digital Document?
The Role Of Digital Transformation In Manufacturing
Digitization helps you analyze large amounts of data easily and make informed decisions. Let’s learn more about the role of digital transformation in manufacturing.
- It helps you analyze sales orders, market trends, and previous production data to predict demands accurately.
- It helps you generate material requirements and planning reports according to your production targets.
- It helps you track your inventory items in real-time and create a balance in stock levels to avoid overstocking and stockouts.
- It helps you plan your production and schedule work orders to maximize efficiency.
- It helps you monitor processes in real-time to improve quality control.
- It helps you create and record all the documents and financial transactions involved in your manufacturing processes.
Key Elements Of Digital Transformation In Manufacturing
When you plan to adopt digitization in manufacturing industry, you need to focus on several elements based on your specific requirements to increase overall efficiency. Let's learn about the key elements:
- Automation: Implementing robotics or automated systems to increase efficiency and reduce manual labor.
- IoT Integration: Using Internet of Things (IoT) devices to monitor and control manufacturing processes in real time.
- Data Analytics: Using big data and analytics to make informed decisions and optimize operations.
- AI and Machine Learning: Utilizing artificial intelligence and machine learning for predictive maintenance and process improvements.
- Cloud Computing: Using cloud-based solutions for scalability, collaboration, and data storage.
- Cybersecurity: Using security measures to protect against digital threats and data breaches.
- Smart Supply Chain: Imporving SCM with digital tools for better tracking and efficiency.
- Additive Manufacturing: Incorporating 3D printing for quick prototyping and custom manufacturing.
Impact Of Digital Transformation On Manufacturing Process
Digital transformation in manufacturing processes helps you improve the operational efficiency and overall productivity of your business. It helps you automate processes and modify strategies in real-time according to your specific requirements. It allows you to keep records of multiple suppliers and choose the right ones to buy raw materials when needed. It also helps you maintain the required number of inventory to avoid situations like overstocking and stockouts.
Manufacturing digital transformation also allows you to schedule work in the best order to improve order fulfillment. It provides you with the flexibility to increase or decrease your production rates in real-time to achieve your production targets on time. It helps you improve customer satisfaction and get more orders for your manufacturing business. Overall it provides complete transparency for the entire manufacturing process.
Read about How Industry 4.0 Is Transforming Manufacturing Industry: Part 1
TranZact's Approach To Manufacturing Digitization
TranZact offers SMEs the opportunity to use digital manufacturing initiatives and improve processes from enquiry to dispatch. It offers 5 modules to manage all manufacturing processes - sales, purchase, inventory, production, and planning - at one place. With TranZact you can convert enquiries into orders by generating quick and accurate sales quotations using templates.
It helps you generate work orders to improve your order management. It offers real-time updates on stock levels and improves quality control. You can easily integrate tools such as Tally, ZOHO, and Busy to manage the data from one dashboard, improving your business productivity.
Overview Of TranZact’s Digital Solutions For Manufacturing
TranZact digitises your manufacturing documents, such as sales quotations, purchase orders, e-invoices, and e-way bills. Let’s learn more about these solutions.
- It is a Cloud Based Manufacturing Software that provides you with the flexibility to access data and manage operations from any location.
- It allows you to do multi-Location inventory management for multiple warehouses from one platform.
- It offers MRP system to calculate requirements based on your sales orders and production targets.
- It is a Production Planning Software that helps to create work orders and schedule them strategically to maximize the output.
- It also is an Online Purchase Order Management Software that improves procurement activities, such as creating, approving, and tracking purchase orders.
How TranZact Support Digital Transformation In Manufacturing Processes?
From analyzing enquiries and generating sales quotations to planning, production, and dispatch, TranZact helps you manage everything with ease. Let’s learn in detail how:
1. Enquiry Process
TranZact helps you log all enquiries from multiple sources in one platform. You can analyze whether the enquiries can be converted into sales orders. You can understand customer’s expectations, whether they are about product quality, prices, or delivery timelines. It also helps you analyze the production capacity to fulfill the orders.
2. Quotation Process
After analyzing the enquiries in detail, TranZact helps you generate accurate sales quotations and send them to your potential customers from within the app. This helps you avoid the need to create new documents and make manual entries again and again to minimise manual errors and delays.
TranZact has easy formats for sales quotations that includes all important details like product descriptions, prices, and terms and conditions. It allows you to track the status of your sales quotations and records all the negotiations with your customers to increase transparency and avoid misunderstandings.
3. Order Process
With TranZact you can avoid traditional processes that require double entries and rework and human errors. Once the sales orders are confirmed, TranZact’s advanced module can automatically send them to the production department to improve your order management. If your customers have made advance payments, then TranZact also includes that in the order confirmation. It allows you to access all the details of the order confirmation in real time to improve coordination between departments like inventory, production, and sales.
4. Planning Process
In TranZact you can automatically create work orders based on your production requirements. You can share the required information with your teams to execute processes according to the plan. You can also generate MRP (material requirements planning) reports within minutes to make sure raw materials are available according to requirements.
With automatic alerts on min/max levels, you can reorder raw materials in the right quantities to reduce inventory holding costs and avoid disruptions in production. It also helps you check the quality of raw materials.
5. Production Process
With TranZact, you can monitor all steps involved in the production in real time. You can track the status of work orders, whether planned, pending, work-in-progress, or completed. You can also check updated inventory levels based on your production status to avoid disruptions. TranZact allows you to perform in-process quality checks to improve your quality control.
Once the production is complete, TranZact helps you with testing of the finished goods to make sure that they are manufactured according to specified standards. It also helps you calculate the accurate costs of finished goods by including overhead costs involved in each step.
6. Dispatch & Payments
In TranZact, you can plan your logistics based on your business capacity. It helps you create necessary documents required in the dispatch process, whether packing lists, delivery challans, or invoices. It allows you to track your shipment activities in real time to improve visibility and avoid delays.
Once the finished goods are delivered to your customers, TranZact helps you get feedback from them and make sure that they are satisfied with your product quality and services. It also helps you remind your customers of payments to improve cash flow in your manufacturing business. It also records all the financial transactions to improve transparency and avoid misunderstandings.
Key Features Of TranZact That Facilitate Smart Manufacturing
TranZact provides useful solutions, including data security, easy communication, recordkeeping, and more. Let’s learn about the key features of TranZact that help you with smart manufacturing.
- You can integrate tools like Tally, Busy, Zoho, and MS Excel to fulfill your specific requirements.
- You can track and manage all approvals based on your set guidelines like credit limits and amounts.
- Its Inventory module allows you to categorize each inventory item, create a unique item ID for each, track current stock with units of measurement, and set min/max stock levels.
- Its Production module allows you to plan and schedule processes in the best order. It also helps you track the status of work orders and check the quality of finished goods.
- Its Resource Planning module allows you to estimate raw materials and create purchase requisitions based on your production requirements.
- Its Sales and Purchase module helps you manage all documents involved in manufacturing processes. You can easily send RFQs to multiple suppliers and buy your raw materials from the best suppliers. It also allows you to send automatic reminders to your customers for payments.
Steps To Digitize Your Manufacturing Business With TranZact
Let’s learn the easy steps to digitize your manufacturing business with TranZact.
- Analyze your manufacturing processes and identify those that you should digitize to reduce errors and increase efficiency.
- Visit TranZact’s Website and create a free account using your email ID.
- Share your requirements with TranZact’s team for quick onboarding.
- Select the TranZact features that you want to use for digitization in manufacturing.
- Review the various pricing plans available and choose the one that fits your needs.
- You can book a free trial before proceeding to the paid plans.
- TranZact’s team will handle implementation in your manufacturing business within 14 days.
- Use TranZact’s 24*7 chat support features to solve your queries about the software if you have any questions.
Read about TranZact’s Pricing Plans.
How TranZact Aligns With Industry 4.0 And Manufacturing Trends?
TranZact aligns with Industry 4.0 and manufacturing trends in many ways. It helps with data analysis, which is one of the main aspects of Industry 4.0. This helps you make informed decisions that can align with market trends and increase your business profitability.
It offers in-process quality checks and finished goods quality testing features to improve product quality. TranZact is made for Indian SME maanufacturing companies and has unique features that are designed for them. It helps you monitor inventory, improve quality control, and increase cash flow in your businesses.
Digitise Your Manufacturing Business With TranZact
TranZact supports you with digitization in manufacturing processes by managing enquiries received from multiple sources to track dispatched orders and reconcile payments. It offers easy digital solutions to Indian SME manufacturers, such as production control software, manufacturing assembly software, and more. You can implement TranZact in only 14 days without facing downtime. Implement TranZact now in your business to digitize manufacturing processes and increase overall productivity.
FAQs
Q1. How does TranZact support digital transformation initiatives in manufacturing?
TranZact supports digital transformation initiatives in manufacturing by digitizing processes from enquiry to dispatch. This includes creating sales quotations, production planning, quality control, or inventory management.
Q2. What are the benefits of using cloud-based manufacturing software like TranZact?
The benefits of using cloud-based manufacturing software like TranZact are as follows.
- Integration Flexibility
- On-demand Features
- Reduced Errors
- Resource Utilization
- Quality Control
- Cost Control
- Transparency
- Data Security
Q3. How does TranZact integrate with Industry 4.0 and smart manufacturing technologies?
TranZact integrates with Industry 4.0 and smart manufacturing technologies by providing effective features like data analysis, real-time monitoring, automation, integration, and other cloud-based solutions.
Q4. What are the common challenges in digital transformation, and how does TranZact address them?
The common challenges in digital transformation are implementation costs, the complexity of operating software, and security concerns. TranZact addresses these challenges by providing flexible pricing plans, free training for employees to operate the software, and high-level data security.
Q5. How does TranZact digitise document management?
TranZact digitises document management by offering ready-to-use templates for creating sales quotations, purchase orders, invoices, delivery challans, and other manufacturing documents. It also keeps a record of all the documents to improve transparency and finance management.
