ERP or Enterprise Resource Planning is a highly feature-rich software helping businesses of all sorts to plan, manage, and optimize key workflows so that organizations’ goals are fulfilled easily. While it has deeper penetration in every operation, our key focus in this post is on ERP use for manufacturing.
Manufacturing ERP Software – A Powerful Tool For Businesses
A variety of ERP, Manufacturing ERP is a highly integrated ERP tool that is designed to automate and streamline the entire manufacturing workflow. The tool is packed with capabilities that will bring key workflows like commerce, finances, HR, accounting, and internal reporting together so that manufacturing continues with the least possible hurdles and errors.
By automating all these and many more tasks, manufacturing ERP aims to utilize resources completely, increase team efficiency, improve performance, speed –up production, and meet deadlines without fail.
As the technology stack continues to improve, manufacturing ERP now comes with the power of cutting-edge technologies like AI, ML, and IoT. The use of these advanced technologies has now turned customary manufacturing ERP into intelligent ERP that enables businesses to gain real-time visibility of key manufacturing actions and set deliverable goals.
5 Signs Indicating The Use Of Manufacturing ERP Software
While any manufacturing business or industry player must adopt this tool from the very beginning, 5 evidence signs indicate that any further delay in manufacturing ERP implementation will be proved fatal.
Sign #1 – You Are Overburdened With Planning Regular Errands
Scheduling, task tracking, job allocation, shift planning, and attendance are some of the regular errands that anyone involved in manufacturing has to go through regularly. But, if you’re spending too much time on this daily, seriously you need ERP for manufacturing that will automate these regular jobs and let you shift your focus to something important.
Sign #2 – You Have too Many Unanswered Questions
What is the revenue per product? How much inventory do you have left? How much of your inventory goes to waste? Is your production aligned with consumption? If you don’t know the answers to these and many such questions, it’s high time to use an ERP tool for manufacturing as you lack deeper insights into your manufacturing process.
Sign #3 – You Lack Control Over Your Business
Do you feel that you’re having a tough time managing your customers, sales, team, accounts, and other operations? This is because you don’t know key metrics and have a tough time managing them. With the use of manufacturing ERP systems, you will have every key data by your side.
Sign #4 – Your Key Departments Are Working In Silos
When all your department is not at all connected, transferring data will become very difficult and you will have to deal with issues like duplicate data, error data, and no data transfer.
Sign #5 – You Fail To Identify New Opportunities
It’s high time to use manufacturing ERP software when you think that your business doesn’t have any scalability and growth opportunities. This is happening because you are not aware of existing inefficiencies and their possible solutions.
Want to create an ERP system for your manufacturing company or add features to your current ERP? Speak with our ERP Consultant to get the best recommendations.
What Difference A Manufacturing ERP Software Can Make To a Manufacturing Business?
Manufacturing ERP systems, when implemented correctly and according to organizational needs, tend to bring a wide range of benefits to the concerned business. Here is a quick snippet of some key benefits that the best ERP for the manufacturing industry brings.
Track The Entities:
It allows businesses to track the entities like raw material, resource consumption, workforce utilization, and many others in real-time providing better control over business processes.
By automating the key yet mundane tasks, the best ERP for the manufacturing industry ensures that businesses are investing less manual effort and churning out more outcomes.
Scheduling according to the resources and material is possible, as ERP for manufacturing will provide real-time project requirements and resource availability.
Easy Data Accessibility:
It’s easy to make a data-based decision as ERP for manufacturing company provides updates on finances, stocks, labor, and inventory.
Automated Inventory Scanning System:
Businesses can have an automated inventory scanning system to track the consumption of resources per manufacturing project. This way, organizations can easily find out which manufacturing process is consuming how many resources.
Setup multiple quality checkpoints to make sure only the product reaches the customers which later promotes customer loyalty and satisfaction.
Are you Confused about Selecting ERP Solution for you Business?
Don’t worry, Silent Infotech’s ERP Consultant can assist you. Our consultant help in selecting the best ERP System features based on your business model.
Key Features Of A Best ERP Manufacturing Tool
Considering the responsibilities an ERP software bears for the manufacturing industry, we can deduce that the tool has to be feature-rich. These below-mentioned features should be a part of an ideal ERP for manufacturing businesses.
The ERP should have abilities to manage the production and floor so that production is fully optimized. This module should have features like Item Machine Relation, Machine Process Relation Setup, and many more.
Master Planning Scheduling or MSP:
This module is important to gain full control over production as you plan every stage of production. Starting from production quality to stock reallocation, everything will be under your control with this module.
Bill of Material Management or BOM:
This is a key feature of manufacturing ERP systems as it allows businesses to track raw materials, key parts, components, etc.
Material Requirement Planning or MRP:
Every manufacturing business needs to define the material quantity as per the production requirement and this module is perfect for this job. With features like De-reserve MRP Reserve, MRP Against De-reserve – Rejection, De-reserve Indent Before GRN (MRP), and many more, it ensures that the right quality is going into production.
This feature helps you spot any production errors from the very beginning and ensure quality product delivery.
Job Work Management:
Assign jobs by role, work, and priority and streamline your entire production process.
Supplier and Purchase Management:
Keep track of purchases, maintain purchase records, place automatic records, place direct purchase inquiries, and do many more purchase-related actions with full accuracy.
With powerful CRM, it’s easy to generate Sales Leads, Maintain Customer Masters, forward Sales Quotations, and place Direct Sales orders.
These are some of the most useful features of ERP software for manufacturing but are not limited to. Make sure the one you’re picking has all of them.
ERP for manufacturing is a way to get rid of mundane and repeated errors that cause severe operational hindrances. Odoo ERP for manufacturing is a great choice to make as it features all the key capabilities and brings the best ROI. However, it’s its optimized and goal-specific implementation that will deliver results. Hire a seasoned Odoo ERP partner and become equipped with the power of AI, ML, and automation as you accomplish your production goals.
FAQs Related to Manufacturing ERP:
Based on the deployment types, ERP systems can be divided into 3 categories: on-premise, cloud-based, and hybrid systems. On-premise is deployed on the client’s location and is often very much optimized. But, they have high set-up costs.
On the other hand, cloud-based ERP systems are cost-effective as they are offered as pre-built tools with no set-up hassles. A Hybrid ERP system is a middle path between these two and features a few features of cloud ERP and a few on-premise ERP.
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A seasoned IT Integrations and ERP Solution Architect boasts over a decade's expertise in revolutionizing business processes through cloud-based ERP and MIS software solutions. Proficient in leveraging avant-garde technologies such as Blockchain, Al, IoT, etc in crafting bespoke software solutions. His extensive background encompasses tailor-made software solutions across diverse industries like Sales, Manufacturing, Food Processing, Warehouse Operations→ and B2B Businesses. Rajesh excels in engineering and deploying enterprise-grade business software, playing a pivotal role in Business Solution Consulting and designing intricate software solution architectures for many Fortune 500 enterprises.
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