Contact Us

Growth By Acquisition: A Tightrope Walk for Mid-Sized Manufacturers

Table of Contents

While acquisitions signal growth and expansion for mid-sized manufacturers, they are also accompanied by serious challenges. Wider market reach and product diversification are the obvious upsides, but there’s also the wave of IT and data hurdles to worry about.

The Executive and Management Quandary

Top-level executives have their work cut out, of course, with CEOs striving to unify operations across multiple locations, CIOs negotiating the journey of integrating systems that are as diverse as they come, and CTOs hunting down ways to manage the impending data chaos without losing out on impactful insights. 

The challenges are just as daunting on the ground. Plant managers get busy tackling inventory discrepancies, shop floor managers scramble for real-time data, and supply chain managers scourge the noise for dependable demand forecasts. HR teams now have to worry about merging multiple systems, while compliance and governance worries grow even more with added complexities.

Operational and Business Impact

This operational fragmentation is no minor hassle; the main concern is how the long list of challenges that come with this growth water down the original blueprints of a business, adversely impacting efficiency, profitability, and ironically, growth potential.

The Solution: A Comprehensive Digital Blueprint

The solution to all these problems, and the key to transforming even these challenges into opportunities, is digital transformation. The strategic onboarding of the right technologies helps mid-sized manufacturers merge their new acquisitions with minimal friction and quickly transform them into performing assets, all while building a unified, data-driven business structure.

Let’s dive deeper!

Key Obstacles for Mid-Sized Manufacturers

Fragmented Systems and Operations

  1. Diverse ERP and CRM Systems: Acquisitions introduce the challenge of integrating diverse ERP and CRM systems. Subsequently, the disparities cause inefficiencies and teams struggle to align data across multiple platforms.
  2. Fragmented Workflows: Different locations adhere to different solutions. The mix of digital and manual gives rise to inconsistencies and adds to the confusion.
  3. Paper-Driven Procedures: If the acquired unit still hasn’t woken up to the digital revolution, the paper-based workflows further complicate real-time processing and management.

Limited Collaboration and Low Visibility

  1. Disconnected Operations: When separate locations operate in their own independent silos, this method of operations hinders company-wide collaboration and breaks down communication.
  2. Compromised Visibility: When a consolidated view of operations is absent, it impairs performance monitoring and causes delayed or poorly informed decisions.

Data Chaos and Administrative Troubles

  1. Disorganized Data: Information is scattered across spreadsheets, different drives, and shared folders, presenting a fragmented storage system where accessing information is a serious challenge.
  2. Repetitive and Contradictory Data: Diverse systems and processes create overlapping and discrepant data, undermining its value and dependability when making strategic decisions.

Operational Bottlenecks

  1. Inventory Oversights: Companies face hurdles in maintaining optimized inventory levels, causing either stockouts or overstocking, both habits eating into resources. The result is an impact on resource management and a dent in profitability.
  2. Plant Maintenance and Schedule Management: In the absence of a standardized system, it becomes difficult to coordinate plant maintenance and downtime schedules across various locations.
  3. HSE Incident Management: With dissimilar, and even contrasting systems at work, maintaining health, safety, and environmental (HSE) standards proves difficult, leading to shortcomings.

Call for Enhanced Analytical Capabilities

  1. Demand Forecasting: AI models to analyze crucial ERP and CRM data to accurately predict demand is a critical requirement that is often neglected.
  2. Operational and Financial Analytics Dashboards: Companies lack unified tools with access to integrated dashboards for real-time monitoring of operational and financial metrics.

HR and Compliance Hurdles

  1. Diverse HRMS and Appraisal Platforms: Different locations may deploy different HR management systems and performance evaluation platforms, denying uniformity and creating a complicated company-wide pattern for HR and compliance processes.
  2. ESG Tracking and Reporting: Environmental, Social, and Governance (ESG) performance tracking is hindered, with its inconsistencies degrading the quality of sustainability reporting.

Business Excellence Through Digital Transformation

At Parallel Minds and DATASMITH AI, we comprehend the challenges of an expanding business and possess the expertise and experience to revolutionize your operations. Our expertise includes the crafting of targeted digital solutions that tackle these pain points head-on, with top-of-the-line tech platforms like Microsoft 365, SharePoint Online, MS Teams, the Microsoft Power Platform, Microsoft Fabric, Azure Data Factory, and TimeXtender spearheading our digitization efforts.

Our Expertise Includes

  • Unified Systems Integration: Consolidating diversified ERP, CRM, and workflow systems to harmonize the operational framework and foster a unified data environment to promote structured growth powered by streamlined operations.
  • Data Management and Analytics: Deploying advanced data engineering and analytics solutions integrating Microsoft Fabric, Azure Data Factory, and TimeXtender to transform raw data into structured, dependable, actionable insights to drive informed decision-making.
  • Automated Workflows: Leveraging the robust capabilities of the Microsoft Power Platform to automate and optimize critical business processes by reducing manual effort, creating customized workflows, and introducing enhanced agility and responsiveness.
  • Real-Time Dashboards: Developing and deploying visually engaging and interactive dashboards using Power BI to consolidate data from various sources and present a comprehensive overview of key performance indicators (KPIs), enabling proactive decision-making and timely interventions.
  • Conversational AI: Development of conversational interfaces to leverage AI powered by natural language processing and machine algorithms, enhancing business data interactions, and initiating intuitive conversations, transforming how users interact with data.

Our Promise - Customized Services with Personalized Service

Our dedication to agility and responsiveness enables us to offer client-centric service where tailored solutions, regularly adjusted to meet your unique business needs, ensure maximum impact and relevance. Throughout the journey, we continually explore avenues and purposefully commit to achieving client success at every step.

Maximizing Existing Investments

ERPs offer resolutions to wide-ranging problems I’ve discussed above, but choosing the right platform is a complex, high-cost endeavor that demands extensive customization and internal data flow management.

Our objective as your digital partner is to maximize your current investments by rapidly developing custom software and automating business processes on top of them,  presenting CIOs and decision-makers with optimal solutions and strategies.

Design Thinking and UX

We are strong advocators of digital transformation as a progressive journey. Unlike the buzzword it is often reduced to, genuine impactful transformation is driven by purpose and tailored to address individual challenges and hurdles.

 

The journey begins with a comprehensive assessment of your current IT landscape and uncovering every issue and challenge. Recognizing the significance of meticulous attention we equip and empower departments with simple yet effective solutions, paving the way for consistent and meaningful evolution through committed step-by-step progress.

Let’s Transform Together

If these challenges resonate with you, we have tailored solutions and a proactive team ready to deliver. Allow us to partner with you in navigating the complexities of growth by acquisition and achieving seamless operational efficiency.

Share:

About the author

Parag,-CEO-Parallel-Minds

Parag Bihade, Founder and CEO of Parallel Minds, and co-founder of DATASMITH AI led by Kirti Bihade, brings 25 years of extensive experience in software programming and a passion for data and digital transformation.

Parag leads a team dedicated to empowering mid-sized manufacturers with innovative tech solutions. @Kirti Bihade – Team Parallel Minds is pursuing her Ph.D in AI and has extensive experience in Data Science, Machine Learning, and Data Visualization.

More Posts

Take the next step

Sales and general Enquiries

businessenquiry@parallel-minds.com
+91 020-41322631

Want to join Parallel Minds?

Explore careers

Ready to get started? Let’s connect to discuss how our software solutions can help you thrive.

Contact Us
Submit RFP

Subscribe to our newsletter

WH Towers, 4th Floor, Above Fabindia,
Opposite to Maratha Mandir,
Bavdhan,
Pune-411021

Services

Bespoke Software Development
Data Science/ Engineering
Rapid Application Development
Microsoft Power Platform Development
Outsystems Application Development 
Mendix Application Development

Industries

Oil and Gas Software Development
Manufacturing Software Development
Automotive Software Development
Healthcare Software Development

Contact

  • +91 020-41322631
  • businessenquiry@parallel-minds.com
  • Korea +82 10-2572-9683
  • Australia +61 419979597
Facebook Instagram Linkedin

Privacy Policy

©2024 Parallel Minds.