Every business is unique, so are the challenges. But few things remain the same. The quality adherence, to deliver goods on time, cash flow and costing, are some of the issues which keep you or any manufacturer on toes round-the-clock. You work endlessly to optimize resources but as the business scales so does the requirement. And you look for a solution to manage it all. A solution which closely aligns with your business fits your budget and gives you a competitive advantage to stay ahead.
An ERP software in such a case remains the best way to fit all your operational requirements precisely. Some select takeaways and reasons why you must have one are:
Updated production schedules
Your ability to manufacture products and timely delivery can make or break the business. If you can’t extract the details of material, men, and machines on hand, then optimizing production turns out to be a goal too far to achieve.
An ERP solution with integrated Master Production Scheduling (MPS) lets you generate details of materials at right place and time. It provides supply chain planning function to manage production schedules to the fullest. At a single glance, the system tells you about demand, supply and forecasts to deliver accurate and timely production plans.
Faster month-end closings
Month-end closings turn out to be a daunting task for the teams with units across various locations. The managers strive to sync records with the physical count of stocks in hand in a fool-proof manner. But, this exercise turns out to be futile if there’s a mismatch.
An ERP solution lets you manage all this. It gives you an ability to enter inventory details manually, with barcode/ QR code to update records easily and later fetch details at any given time, making month-end closing a cake-walk.
Easy KPI Measurement
Manufacturers across various sectors run numerous spreadsheets along with financial software. This makes the generation of substantial reports almost impossible, affecting decision making. An ERP solution lets you generate reports which are pivotal to measure various operational aspects including production and quality control. The ease of report generation can help you better track operations and assess overall productivity.
With OptiProERP, you can generate customized crystal reports in all crucial areas of operations to measure KPIs easily, measure operational effectiveness and identify areas that need to be taken care.
Installation of ERP solution can lead to significant cost optimization. With a better control over operations, you get improved productivity and enhanced equipment effectiveness. With optimization of resources, there is improved uptime and cost optimization.
Notably, the Supply Chain Planning module of OptiProERP lets you plan, manage and optimize materials based on open purchase orders, open sales orders and current inventory levels. All to optimize working capital requirements.
Instant access to data
Ever came across a situation where you wanted to know the cost of raw material for a product? What open orders exist? Or what is the inventory level on a given day?
Immediate access to operational details is a pre-requisite to effectively manage the business. And, if you have to calculate each time or wait to prepare, extract reports, then it reduces overall productivity. Transparency and instant access to various facets of a business is something that only an ERP system can provide.
Ability to work remotely
In today’s mobility driven work environment you need to update, access and run records at off-site locations. These locations could be your warehouses across geographic locations, which you visit either for implementing QC practices or manage inventory stock. The access to QC or inventory data on hand-held devices can significantly improve the manpower operational efficiency.
A cloud-based ERP system which is well within the financial reach of even small manufacturers can help scale the business. Such systems do not require dedicated IT staff of users to maintain and upgrade systems, as it is all maintained by the vendor.
Accurate Inventory Counts
Updated inventory records with accurate counts are critical to optimizing material resources of a business. While an excess inventory level consumes storage space along with working capital, insufficient levels, on the other hand, can halt operations to limit your productivity, resulting in delays to close sales orders.
An ERP system can help you track inventory levels at various points and locations. Thus, inducing greater visibility, reduced errors and delays to generate accurate inventory reports anytime.
While the above points clearly demarcate the benefits of owning an ERP software, the process of selecting the right solution is not easy. Here’s a how you can Select an ERP software for discrete manufacturing and get going to scale your business to new heights.
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