In June 2014, the Business Times published an article on how manufacturing mittelstands – the German equivalent of SMEs – stay focus and specialize to stay abreast of their competition. It went on to say that the companies ‘may focus on two or three things which contribute to 80 percent of the company’s revenue’.
By deploying the right ERP solution, SMEs can utilize technology to increase their productivity and improve their business processes. A modern manufacturing solution can help mangers analyze their production costs, identify inefficiencies in the utilization of its resources, and highlight the top revenue contributors.
The SAP solution presented in the seminar shows how employees and managers in a company can have real-time information and how best-practice templates and KPIs can help them stay focus.