In the manufacturing industry, efficient operations, accurate resource planning, and effective workforce management are crucial for maintaining competitive advantage and ensuring profitability.
Workday offers a comprehensive suite of cloud-based solutions that address unique manufacturing challenges, like human capital management, financial planning, supply chain optimization, and real-time analytics.
This article explores the key features and benefits of Workday for manufacturing companies, highlighting how it helps manufacturers achieve operational excellence and adapt to the industry’s evolving demands.
How Can Workday Help Manufacturing Companies?
Workday provides intuitive human capital management, financials, and workforce management tools to help organizations improve visibility, streamline operations, and ensure the right people are in the right place at the right time. By creating a talent supply chain that aligns with the product supply chain, Workday empowers manufacturing companies to improve workforce agility and control total costs.
Key Features of Workday for Manufacturing
Here’s a look at the key capabilities that help companies create and maintain a future-ready workforce:
Talent Acquisition
Expand talent acquisition strategies beyond traditional headcount management by continuously improving talent-related processes and understanding timelines for hiring, updating, or terminating specific areas of the workforce. Leverage a comprehensive talent management framework to lean out core talent strategies and meet critical production demands as customer needs change.
Comprehensive Insights
Gain complete insights into both contingent and full-time employees and their experiences through robust analytics, reporting, and dashboard functionality. Leverage insightful data and innovative updates about products, services, and events to improve scheduling, planning, and execution for critical initiatives across business units.
Cost Control
Create a unified workforce management and human capital management solution to stay ahead of changes in labor costs and proactively address staff and skill shortages. Improve flexibility and agility to bridge critical talent gaps, enhance cost control, and facilitate better workforce performance.
Benefits for Workday Manufacturing Customers
Workforce planning
Model, manage, and modify shifts, overtime, turnover, and compensation for full-time and hourly workers.
Product profitability
Align product revenues, direct costs, and allocated costs for forecast margins by category to improve overall productivity.
Inventory planning
Create accurate bills of materials and component lists to standardize cost management, manage product turnover, and improve forecasting for future cash flows.
Demand forecasting
Forecast and manage customer demand through specific categories, such as region, channel, product family, SKU, and more.
Supply planning
Plan product capacity, throughput, and utilization in multiple plants and locations. Create effective models for system downtime and maintenance to improve efficiency and avoid added costs.
How Can We Help?
Whether you need help implementing new Workday products in your existing technology landscape, managing core operations in accordance with Workday’s intelligent framework, or maintaining effective integrations between Workday and other systems, Surety Systems is here to help.
Our senior-level Workday consultants have the skills and experience to understand your critical project needs and ensure your internal teams are prepared for long-term success.
Contact Us
For more information about our Workday consulting services or to get started on a project with our team of expert consultants, contact us today.
