Manufacturing Industry is experiencing major transformation. Industry 4.0 and Internet of Things (IoT) have impacted the manufacturing sector and revolutionized operational management – whether at shop floor or warehouse.
Manufacturing under Industry 4.0 offers you access to big data analytics, Internet of Things, cloud computing and manufacturing intelligence. When we talk about IoT, it is an extensive network of devices connected to the intranet that is embedded with sensors and software. For example – cars, mobile phones, and machines in production plants.
Presently, industrial manufacturers are intending to create a next-generation supply chain and workforce strategy that will facilitate agility and lead to higher flexibility. Modern manufacturers are looking for a solution that can drive automation and the first step to achieve it is implementing an ERP solution.
Enterprise Resource Planning (ERP) solution allows a company to manage and automate a variety of functions such as finance, human resources, sales, shop floor operations, warehouse activities, procurement, shipping and much more. This business application specifically integrates the comprehensive facets of an organization namely production, supply chain planning, quality management, marketing etc. – in a single solution.
Let us unveil some of the modern traits that every manufacturer is looking for in an ERP that can help them outpace the competition –
In this modern age, employees travel for meetings and conferences, they work from remote locations and follow different work schedules.
Mobile-friendly ERP is crucial to make sure that every staff member and department in an organization are on the same page. They should be able to co-author the documents and add their input, observations so as to push the data for further usage.
When you provide your floor managers and inspectors with a nimble and easy to navigate web application for QC, shop floor data management or warehouse management, they can seamlessly leverage it by adding their observations in a handheld device.
With mobile-friendly ERP solution, you experience-
⦁ Faster decision making
⦁ Enhanced communication and collaboration
⦁ Improved product quality and responsiveness to the customers
⦁ Instant access from Android or iOS phones and the web
⦁ Increased employee efficiency and superior time management
2. Cloud ERP Environment in 2018
As far as technology is concerned, nothing can beat the exceptional benefits offered by cloud-based ERP system. A modern ERP is on the cloud – which means it goes wherever you go!
Cloud-based systems allow you to work 24/7 irrespective of the time and distance. For example, if your warehouse is located in the city A, sales team operates from city B and production team works in city C, they can update every task on one ERP solution and all the departments will be kept in the loop. This facilitates paperless transactions and reports, improves reaction time and enhances clarity between the teams.
Benefits of cloud-based ERP –
⦁ Greater data security – ERP cloud vendors ensure that your data is secured in the host servers. From hiring the suitable place, hosting the data to managing the tools and appliances for ensuring safety, cloud vendors ensure data security to the fullest.
⦁ No additional capital outlay for networking hardware and IT team – With cloud ERP, you don’t need to hire IT personnel to install, manage, update and troubleshoot software associated with ERP. Everything is covered in the licensing cost.
⦁ Enhanced availability – A modern ERP is the destination that tackles all the aspects of business in the best possible manner. It provides remote access to the staff members so that they stay updated with every operation. It offers you a real-time view of business operations and allows you to update, edit, view and generate reports on the go.
3. Data Analytics
Big data has become a buzzword across many industrial sectors. It is a complex and voluminous set of data that keeps on growing with the company – for all those manufacturers and decision-makers who want to excel in the year 2018, it is crucial to opt for an ERP solution that includes data analytics features. It helps in capturing, storing, analyzing, searching, sharing, transferring, updating and viewing the data in an easy manner. Manufacturers can leverage graphical representation of product orders and capacity, generate reports, track tasks and time so as to streamline the overall operations of a manufacturing unit.
ERP offers you real-time data visibility, tracking and reporting – this lets you monitor man, material, labor, and performance while analyzing costing details and performance trends. Manufacturers get improved data accuracy and less redundant data entry resulting in significant bottom-line savings.
4. Manufacturing Intelligence
Given the automation of resources, Manufacturing Intelligence will emerge as the catalyst that will provide and manage the wealth of data to facilitate efficiency and improved production. Company-wide manufacturing intelligence ERP software produces analytics that helps in decision making, allocation and tracking of resources and improving plant efficiencies.
ERP with Manufacturing Intelligence provides data visualizations, helps explore trends, aggregate CRM, Finance, Accounting and what not! The system collects statistics and manufacturing data from the shop floor/ plant floor and offers you accessibility in real-time.
– Graphic representation of data lets you explore and assess performance trends and monetary details
– It fosters data accuracy and creates a single source of truth (no redundancy anymore)
5. Quality is the Bedrock
A staunch manufacturer will always ensure that every customer finds a value for money from his products. Quality is the backbone of every organization. It reflects your reputation and is responsible for future growth.
From material procurement to shipping and production, quality management solution in an ERP controls and manages every function with an integrated and intuitive UI. It lets you keep a record of vendors, business partners, and procurement list so that every quality specification, compliance, and criteria is well defined.
It is better to opt for a powerful ERP software that is easy to understand so that a non-techie user can also learn its ropes. From consolidating the entire business information in one database to creating a real-time visible landscape, ERP acts as the one-man army. In 2018, manufacturers aim to combine every application under the same database so as to get a 360-degree view of quality functions throughout the warehouses, plant floors, headquarters, and other locations.
#On-premise or cloud-based manufacturing ERP software creates a huge difference in the success of every company. It depends on you – which implementation you choose!
2018 will be a challenging year for the manufacturers. During these 12 months, every ERP provider will strive hard to come up with innovative features and significant enhancements in their UI design, usability, and agility. This will indeed help them retain their current employees and pitch the new ones.
OptiProERP with SAP Business One is a powerful ERP solution that is designed to provide manufacturers with an easy-to-use and responsive dashboard that can help them view, edit, manage and collect the overall organizational data in a single database. We are driven by a proficient team of experienced and well-versed professionals who will understand your specific needs and thereafter offer the best in class services.
Download eBook on Must have ERP Modules for Manufacturing Industry if you wish to learn more about Manufacturing ERP Software and how it can help your manufacturing business with its functions.