Excel has been around the block. And sure, it does quite a few things pretty well. Yet for today’s busy machinery manufacturer, the virtually ubiquitous piece of software is far from ideal for running a business. So why do so many calculators and production planners depend on it?
Excuse 1: “We’ve always used Excel.”
It’s easy to stick with what you know. Sure, you’ve always done things in a certain way and if it ain’t broke why fix it, right? But while Excel may not be broken, it is starting to show its limitations – of which there’s hardly a shortage.
Excuse 2. “We don’t have enough data to warrant the use of a database.”
Perhaps you think the amount of data you deal with is too small to justify moving on from Excel. But as you grow (and we’re here to help with that) that small pool could grow into an endless sea of figures that threaten to submerge you.
See the 5 costing challenges in our free QuickGuide
So where do the challenges begin?
Calculators and production planners usually have an engineering background. They are proficient in Excel, often creating the most ingenious spreadsheets to manage operations. And while that offers cost-effective functionality, flexibility and speed, the pros tend to be outweighed by the cons.
Excel can be inconsistent: for example, material prices and start dates can differ from sheet to sheet. Then there’s the risk of corrupted sheets if the wrong formula goes unnoticed. And with everyone talking about collaboration these days, Excel makes it hard to, well, collaborate. Not to mention the fact it’s disconnected from the rest of your business. The list goes on… So our new QuickGuide asks if it’s time to show Excel the exit, focusing on one key business driver in particular: costing.
Weigh up pros and the cons in our new QuickGuide
After all, it’s vital to calculate costs accurately to produce a quote that gets the tricky balance between competitiveness and profitability spot on. Our QuickGuide takes you through the 5 main cost pricing challenges facing machinery manufacturers. The pros and cons of using Excel. And what a more effective solution might offer instead. And it’s all yours.