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Valve manufacturing industry in India is witnessing rapid growth which is very encouraging news for the people who are working on this field. As per the latest statistics as of today the Indian valve industry is pegged at Rs 4,500 crore (with exports contributing about Rs 1,000 crore) and growing at 10-15 per cent annually. Demand for Valves is growing from all sectors, including oil and gas, energy, water, waste water and infrastructure development. Thus, making the industry very competitive. Given the competition for Valves Manufacturers, it is extremely important for manufacturers to have a unified integrated ERP solution that would help them gain operational excellence and help them stay ahead of competitors.
Generally, work orders of value are extremely complex in nature with all the orders have different parameters such as its Types, Size, Class, and other measurements. This make the manufacturing of values a complex procedure with lot of customization which need to be engineered and then produced. Outsourcing of Casting work is yet another factor that leads to delay in deliverables.
To design, source, manufacture, sell, and deliver a new product rapidly for a new, potentially lucrative market given in today's realities is not an easy job. In many cases the suppliers are located in North America, Europe, and China; the customers are in the U.S., Europe, and Japan; the factories are in different cities of India. Managing the whole process from the manufacturing to delivery becomes a herculean task. Late deliverables can lead to tight cash-flow. Cash crunch can result in shortage of working capital. Any short coming in manufacturing process can affect the quality of product. Apart from these factors there are other customer related management such customer service and maintenance which needs to managed efficiently that also demands financial support. All these factors makes the whole process a big challenge and you must be competitive to succeed with your rivals in this field. You must also deliver your product at a target price and brace yourself for margin erosion when competition sets in.
Isn't a frightening scenario? Certainly. Unusual? Fortunately not. eresource has a ERP software designed for Valve manufacturers keeping in mind operational Excellence. We have developed some exclusive modules for valve manufacturing units that is going to help in a big way in your business process.
Please check on the link on the left side for Module Information.
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