ERP for Manufacturing Industry

erp for manufacturing industry
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This article was published on: 13/12/19 9:45 AM

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ERP – THE BEST WAY TO REDEFINE THE MANUFACTURING INDUSTRY!

KNOW HOW?

Way back in the olden days, business data and records were maintained in complex spreadsheets and files and voluminous folders. When businesses grew in scale, such antiquated systems also got obsolete. They were replaced by ERP systems which were more than just organising and scheduling modules for manufacturing enterprises. They combined the virtues of business planning and management, production scheduling, inventory control, customer relationship management and alignment of partners in the supply chain. The manufacturing sector is piled with competition and susceptible to an ever-changing market ecosystem. To remain at the top of the game, manufacturers need ERP systems that can be deployed and maintained off-site, are comprehensible, scalable, customizable, cost-effective and easy to use. Every industry has their own specific needs and processes. The ERP solution provider needs to understand the business well to define the scope of the software. Expand ERP has over 15 years of extensive R&D and market testing to make the solution robust and perfect, exactly for your specific business need.

According to an ERP Software Market Report published by Allied Market Research report, the global market is expected to garner $41.69 billion by 2020.

Still contemplating about adopting Cloud based ERP for your manufacturing industry?

Here’s why your manufacturing unit needs a modern ERP system:

From conception and design through to manufacturing and delivery, ERP is built to handle the complex needs of manufacturers that use engineering in the design and build of their products. ERP gives you complete visibility into your software processes to help integrate engineering activities, streamline operations, improve efficiencies, manage complexities and grow.

  1. Cost-effective:

    ERP software makes quality management easier. Quality of the product is assured with ERP, which reduces the number of finished goods that are discarded. You gain real-time business visibility with analytics and reporting. The predictive defect analysis made available with artificial intelligence provides deep, timely insights into all aspects of your business. This limits wastage, reduces cost and increases the profit margin for a manufacturer. As the old saying goes, money saved is money earned.
  2. Streamlines Processing:

    Manufacturing operations which otherwise seem complex and redundant, are automated by an ERP system and streamlined across departments. Users can navigate complex processes easily in less time. The result is improved efficiency and cost.
  3. Maintaining Accuracy in Inventory:

    An ERP solution can track your entire inventory in real-time, which makes every transaction and business activity extremely transparent. Shop floor advisors can cross check the quantity of each product. Having accurate inventory or stock list provides products and services that deliver immediate value to clients.
  4. Agility saves Time:

    ERP offers to extend productivity, security and access to information to mobile workers plus partners and customers, working anywhere, anytime on any device. Decision makers compare the system generated reports on regular intervals to analyze the varied market demands and capitalize on customers purchase trends.
  5. Profound Analytics:

    All the departments of a manufacturing business are unified and synchronized in a modern ERP solution. Consolidated reports can be generated using the same system resulting in accuracy in analysis and precise forecasting. For example, an Accountant who can readily access charts and reports can make decisions based on real values and figures.
  6. Optimize Supply chain:

    Fast growing businesses need strategies to boost productivity, improve quality and reduce costs. Supply chain management (SCM) in an ERP system smoothens the planning and execution of activities in the business. This monitors the supply of raw materials to meet the demands of the finished goods.

To Conclude:

Cloud ERP solution is a huge revolution in the manufacturing industry. Most business owners have either already implemented ERP or are in the process of implementing it. So why should you lag behind in this competitive market?

Upgrading to Expand ERP will give your business an added edge for optimum returns on investment. As a solution that is 100 % focused on the needs of manufacturers and distributors, Expand ERP functionality includes primary and alternate BOMS and routing, Material Resource Planning, Masters Production Scheduling, Shop floor execution, scheduling Workbench, Inventory and Warehouse Management and Quality assurance.

Focus on finding a solution that aids you to achieve these benefits. If you’re considering implementing a manufacturing ERP solution contact us to help you develop a digital strategy to meet your business needs.

Our cloud solution offers a comprehensive suite of application without the costly hardware requirements. With Expand ERP you are sure to reap all the benefits of a hosted cloud environment.

To Know More Book a Demo:

Enterprise Resource Planning

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This article was published on: 26/11/19 4:27 AM

Home > Blog > Manufacturing Module

Enterprise Resource Planning (ERP)

Expand ERP cloud provides you the best in its class ERP software to streamline your procure-to-sale processes. Expand ERP consists of Purchase Management, Sales and Billing Management, Customer Management, Vendor Management, Product Management, Financial Reporting, Account Management, Statutory Compliance and Inventory Management. Purchase Management automates key transactions and provides approval workflows. Sales and Billing Management helps you to eliminate bottlenecks and streamline your enterprise processes from sales quote to fulfillment, and timely invoicing to payment all in one ERP software. Customer Management helps to achieve short order cycle times, fast delivery, custom configurations, timely service, accurate invoices and hence a better Enterprise resource planning (ERP).

Vendor Management enables to efficiently manage supplier and vendor data to gain a competitive edge traditional ERP software. Product Management promotes integration and data exchange among all business users who interact with products. Financial Reporting empowers the finance department to record, organize, maintain and analyze data captured from all functional systems included in ERP. Account Management gives you a financial consolidation and reporting application which enables flexible, accurate and rapid reporting than traditional ERP software. Expand ERP Financials, a module within the ERP ensures that you make your tax submissions to the Indian government within statutory compliance’s.

Expand ERP offers a complete set of Inventory management that helps move inventory to the right place, time and cost all through one ERP solution. Expand ERP gives you an in-depth, real-time view into key supplier, inventory and shop floor performance indicators for better Enterprise resource planning (ERP).

When you add up these advantages, the value of Expand ERP is clear. With Expand ERP solution, employees have access to accurate information that enables them to make better enterprise decisions faster. ERP software also helps to eliminate redundant enterprise processes, lowering the overall business cost.

Because every company is unique, there’s no single indicator that says, “You need ERP now!” However, the companies that would benefit most from ERP software often face problems and frustrations.

The Essential Features of an ERP for Manufacturing Industry

manufacturing industry
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This article was published on: 17/02/17 6:53 AM

Home > Blog > Manufacturing Module

In case you are on the verge of taking a call on whether to implement an ERP system for your business or simply thinking in terms of up gradation of existing systems, it is easy to be bewildered by the plethora of options available. This holds true especially for ERP for Manufacturing Industry as this segment is catered to by a number of players.
 
 But all things not being equal, it is only natural that some ERPs will tend to suit your business activities more than others specifically when you consider particular fields in which the activity of manufacturing takes place. You need to pay attention to how the ERP looks after the control of production, how it enables adherence to stringent levels of quality. It should also effectively manage inventory and materials. Comparatively larger business may have a number of plants and operate from several sites. Do consider process manufacturing vis-à-vis discrete manufacturing. Your ERP needs to effectively govern all of these.
 
The manufacturing sector in India is projected to reach the US $1 trillion by the year 2025. It is expected that 25 to 30 % of the GDP of the country would come from manufacturing and would create about 90 million jobs. So, manufacturing is a sector that has a largepotential for your business. And to optimize your operations you need an ERP. Here are the essentials you want in such a software.
 
Shop Floor Control or Management
 
By virtue of shop floor control, you get a database of all the activities going on,on the shop floor in real-time. Such activities are inclusive of new work or work in progress and work that has already been completed. Throughout the variety of processes undergone during the manufacturing, you get real-time feedback that enables you to respond promptly to emerging issues.
 
MRP or Materials Planning and Costing
 
This lets you forecast or schedule products. It comes up with a comprehensive material plan which gives you detailed information on the quantity and the delivery schedule of all the necessary components.
EDI or Electronic Data Interchange
 
This digital process facilitates the invoicing processes, order entry and even goes to the extent of looking after the shipping notice process with granular precision. Conventional filings and forms in the paper medium are made obsolete. Transmission of data is made instantaneous rather than through the mail.
Management of Quality
 
By management of quality, manufacturers are able to keep an eye on the quality of products produced by the process of manufacturing.
 
Kanban or Lean
 
These terms refer to the system of communication that regulates the shop flow and keeps the production levels and customer demand in sync with each other.
 

Manufacturing ERP modules have numerous features that cater to the diverse needs of a manufacturing business. The list of features above does not form a comprehensive overview but only formthe barebone must-have features. It is quite probable that your manufacturing niche absolutely needs a feature not mentioned above. Do your own research and remember the keyword of Caveat Emptor or Let the Buyer Beware.