Project-based Manufacturing is uniquely different than Manufacturing to Stock. In a build to stock environment, the end item product is built to satisfy forecasted requirements and the customer’s order is either shipped from, or configured from, a ready make stock inventory.
The fundamental aim of companies pursuing the Project manufacturing Business model is to design, produce and deliver unique solutions to their customers. Increasing the reproducibility of the solutions as well as extending towards the aftermarket business are the general trends in this industry. Project manufacturing businesses need to prove the tendered solutions in advance - prior to delivery to customers - and speed up time-to-profit of their customers.
Project manufacturing businesses are being driven by their customers to provide solutions which improve time-to-profit. Solutions need to prove in advance, prior to delivery to customers. To be successful, these companies strive to manage programs and projects, as well as supplier and partner networks in order to plan, design, manufacture and deliver in the collaborative value network.
In a project-based manufacturing environment, the requirements to satisfy the customer order are not “considered” until the sales order is entered into the ERP system. Except for the common inventory that is used to satisfy multiple project requirements, all purchased and sub-assembled items are bought and built specifically for a project. Planning, purchasing, and production costing are done at the project/item level, and the recognition of revenue and determinations of profit are accomplished at the project level.
Springform have been the catalyst for striking improvements in such critical areas as quality assurance, order fulfillment, and asset optimization - all major factors in giving you a competitive edge in the marketplace.