Abstract
Machines and technology have been known for saving the efforts and so the time of the human race. Thus in the gravity of consideration to this point, companies are required to innovate their process and practices to improve productivity. The present research was conducted at ABC manufacturing company having three departments i.e. A, B, and C. The significant impact after ERP implementation in terms of time-saving has been reflected in the present research. The nature of working and nature of manufacturing is different in all the departments; that`s why each department has its business development team. The case company has implemented an industrial and financial system (IFS) in 2020 and the whole process is properly followed in IFS. In this study, the process flow of documents and time consumption on each step of obtaining approvals from various authorities is covered, and saved time after the implementation of IFS is also revealed in detail. Results indicated that, after the implementation of IFS, the company has saved 48272.5 hours in 2021 by carryingout the whole process on IFS instead of a manual approach. None of the research highlights the magnitude and percentage of saved time after the implementation of an IFS in the manufacturing industry; The present research can be the basis of motivation for any manufacturing to implement IFS.
Publisher
Universitat Politecnica de Valencia
Subject
Materials Science (miscellaneous)
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