This article was published on: 19/03/19 5:15 AM
ERP Software for Steel Industry
The Steel and Fabrication Industry is also known as a basic industry or feeder industry as it provides the basis for operation of other industries. The products from this industry are used as raw materials by other industries. The steel industry is a heavy industry because it uses bulky raw materials such as iron ore, coal, limestone, manganese, labour, capital as well as other infrastructure. Refining iron ore, smelting it in a blast furnace and manufacturing steel are the processes involved in this industry. After the iron is extracted from its ore, the molten iron is cooled and moulded to make pig iron. Impurities are then removed and pure iron is obtained. Some amount of carbon is mixed with this pure iron to obtain steel. The steel industry has largely developed in the region where iron ore and coal are easily available. The USA has a number of steel producing centres, such as Alabama, Youngstown, etc. In Europe well developed steel industries are located in UK, France, Germany, etc. China and Japan are other steel producing countries. In India, steel industries are concentrated in the Chhota Nagpur and Deccan regions. The main centres are Jamshedpur, Bokaro, Rourkela, etc. Metal fabrication is the creation of metal (steel) structures by involving processes like assembling, cutting and bending.
ERP or Enterprise Resource Planning or ERP for Steel and fabrication is a wizard tool for the steel industry. In fact, the steel and fabrication industry has seen tremendous growth in the last few years with the advancement of technology. Many steel and fabrication industries turn up for ERP software to streamline and optimize their business. After successful implementation of an ERP software in an industry, it can reap much more than before. Though the fabrication industry is a small scale business but serving a wide range of industries and being a feeder or basic industry must use hi-tech software called ERP. ERP is a software available on cloud that helps you to handle your investments as well as your profits and losses. It can be helpful in many ways such as, planning, processing of the different metals, fabricating to make different machines and tools, and also selling them.
How can an ERP software help our business grow:
ERP can transform unstructured processes into routine transactions such as electronic approval of purchase orders based on predefined company policies.
ERP can replace or reduce the human labour involved in processes, like matching of supplier invoices based on accepted purchase receipts.
ERP can transfer information rapidly and with ease over large distances. It is now possible for various offices and factories of an organization to perform transactions and analysis on the same server, reducing geographical distances.
ERP can help manufacturing companies in carrying out analysis such as: Forecasting of market demand based on statistical models; Capturing of hidden market trends through multi-dimensional analysis; Identification of potential improvement areas.
ERP can bring a vast amount of detailed information into the process.
ERP can enable changes in the sequence of task in the process, often allowing multiple tasks to be performed concurrent
ERP allows the capture and dissemination of knowledge and expertise to improve the process.
ERP allows detailed tracking of task status, inputs and outputs.
“However beautiful the strategy, you should occasionally look at the results.”