Aerospace & Defense is one of the fastest-growing industries which involves intense competition. In this industry, all the parts and logistics suppliers must strictly adhere to compliance standards, global supply chains, aggressive delivery cycles, and a highly cynical sales process. Since this industry is very complex and competitive in nature, it is very much essential to meet and document the compliance requirements. If in case, it fails to meet the compliance requirements, there will be a huge negative impact on the supply chain performance, vendor relationships as well as the profitability.
In order to be more successful, all the manufacturing and distribution companies must be amalgamated with their products as well as their vendors. The company can turn more efficiently and improve the day to day business operations with the use of a solution that integrates general business management processes along with the unique traceability requirements and project management complexities.
Challenges faced by Aerospace & Defense Industry
Since this industry has been an ever-growing one, there will be a quick business expansion. In this case, the company will be in turmoil when it comes to managing all their manufacturing processes. They need to run various systems which in turn provides inadequate data about the products and also gives minimal visibility of the supply chain. Eventually, this poses a problem for auditing as well as checking for compliance regulations, by making it more time-consuming and inaccurate.
Therefore, the biggest challenges faced by this are,
All the above challenges faced by the companies were mainly due to lack of integration of the systems. Hence, to overcome these challenges, SAP Business One is highly essential, as it is a standard ERP solution to streamline the business operations as well as improve the visibility.
Benefits of SAP Business One – Aerospace ERP