Manufacturing SMEs are an underserved segment that represent 95% of manufacturers and are an integral component of OEM supply chain networks. More than 80% of SMEs do not possess a Manufacturing Execution System (MES), which are computerized systems used in manufacturing, to track and document the transformation of raw materials to finished goods. Without a MES, SMEs rely on paper and spreadsheet-based systems to track their operations, which leads to high processing costs, increased waste, lower productivity and insufficient data and tools to optimize production.
Prodsmart is a SaaS (Software-as-a-Service) Manufacturing Execution System solution for real time process tracking for production lines and job shops – across the supply chain. Prodsmart is a complete system for analysis, management and optimization for manufacturing SMEs working in real time. It is a cloud based MES that uses mobile devices (smartphones, tablets) to collect data directly from the production site. Manufacturing execution systems (MES) are computerized systems used in manufacturing, to track and document the transformation of raw materials to finished goods. Prodsmart is the only solution that is a pure MES for manufacturing SMEs.
With our feasibility study, our objective was to ensure that Prodsmart’s services were viable. The feasibility was focused on feedback from customers and working with stakeholders. We have contacted potential partners and clients and expanded our focusing groups to European countries like UK, Italy and Spain as well as the US. Furthermore, we have also proceeded with the assessment of our market, business model and risks of project deployment. It was also important to plan our work schedule for the next two years of Phase 2 project, as well as our business plan. We have also aimed to define our IPR strategy.
