Manufacturing performance management plays a central role in costing and planning procedures. While the numbers indicated on the bottom line of your financial report indicate how much money you've made, it does not give any indication of how much money you could have made with a few tweaks to your production techniques. Performance management applications track each aspect of your company's manufacturing procedures in order to illuminate places for improvement.

The M1 ERP software solution developed here at Bowen & Groves contains many features for measuring manufacturing performance. One of the most important modules for this task is the Job Management module. This software element not only allows for modifications to current jobs, but it also tracks each procedure for the purpose of analysis.

The Actuals vs. Estimates section of the Job Management module provides crucial information about manufacturing performance. By comparing what you spend on a given task to what you think you spend on a given task, you can easily highlight areas in which your company underperforms. You can then use this information to make profitable adjustments on the production floor.

The Job Management module also keeps you updated on current tasks via the Work in Progress report. The Overhead Recovery report is also very useful, as it calculates the "hidden" costs that fall outside the bounds of supplies or equipment. Contact us here at Bowen & Groves (at sales@bowen-groves.com or 866-617-6389) if you have any questions about our M1 software and the Job Management module.