As we entered a new decade, a technological upgrade is need of the hour. A modern enterprise resource planning (ERP) solution is something manufacturing organizations should integrate for smooth operations. As businesses are becoming more complex with every passing day, you need reliable technology to manage your business functions in a centralized system. That’s where an ERP for Manufacturing comes into the picture.
Manufacturers are among the earliest implementers of ERP technology. They need digital solutions to manage supply chains, production schedules, and inventory levels while maintaining the relationship between people and assets. Manufacturers dominated the ERP solutions market in 2018, and the global ERP market is estimated to reach $ 78.40 billion by 2026. Unsurprisingly, the greatest growth is expected from aerospace and defense. Today’s modern ERP is an essential part of a company’s digital transformation.
You can’t put your customer at the center of your business if you don’t succeed in producing the product your customer wants. Therefore, the current ERP solution for providers needs to be supremely diverse and advanced.
The Right ERP for Manufacturing is Essential:
Your ERP impacts productivity, shipping, purchasing, people management, and more. As a result, the ERP you use affects your bottom line. Your ERP needs to streamline workflows, reduce excess inventory, improve production schedules, create reliable product delivery schedules, and support quality control by being able to track parts for purchases, improve your cash flow, and help you comply with laws and regulations. It’s a big job. According to Panorama Consulting, 64% of companies that use ERP to increase efficiency do so, while 57% are positioned to grow. The good news is 95% of the companies surveyed have noticed improvements in their processes since the introduction of ERP.
Regardless of the desire for specific industry solutions, it is clear that manufacturing companies need enterprise resource planning software designed for Manufacturing.
Best ERP for Manufacturing:
And when it comes to manufacturing ERP solutions, the best manufacturing ERP is designed for use by manufacturers. The needs of retailers and wholesalers differ from manufacturing needs. Your ERP must also be different. With the best ERP production system, you can easily differentiate between make-to-stock and ordering operations and configure technicians to order and configure the ordering environment. However, this was only the beginning. An ERP manufacturing solution should make it easy to:
- Real-time production of devices and process monitoring
- Rule-based product configuration
- Quality and compliance management
- Product Lifecycle Management
- Product data management
- Advanced planning and planning activities
- Swing to control serial numbers and lot numbers
- Supply chain management
- Production facility maintenance management
It should also collect data and facilitate data management and analysis. The best ERP manufacturing systems make this data available to users on their desktop or mobile device. Production never sleeps. Regardless of whether the ERP is running on-site or in the cloud, it should be available around the clock worldwide.
It is a tall order. No wonder 60% of ERP projects fail, and 80% of companies are dissatisfied with their ERP. If you can’t determine what you need, it’s hard to see the right solution when you look at it. If you start with an RFP ERP template and then customize it to meet your company’s unique needs, you will likely benefit from a manufacturing ERP system.
ERP for production and transformation:
The ERP you choose has a big impact on the success of your digital transformation. You want to choose the best ERP for production, but you also need the best product to support your digital transformation.
This means you also need to evaluate your ERP’s ability to integrate easily and seamlessly with your other business technologies. You don’t expect your washing machine to wash dishes, and you can’t expect your ERP to perform all the digital functions of your business. All you need is 360 degrees of your business and your customers. You only get this if your ERP is built on an integrated architecture that includes the e-commerce platform, CRM, PIM, and credit management integrations you need to run your business. It is a type of integrated solution that provides the powerful data businesses today need to stay competitive and put customers at the heart of the business. From sales to shipping and marketing to production, floor data is at the heart of every business decision you make. Integration is what allows data to flow.
When evaluating various ERP solutions for manufacturers, make sure you evaluate their integration capabilities to contribute to your digital transformation.
Katalyst Software Services Limited has extensive experience in developing end-to-end ERP solutions. Being a value-added reseller for Oracle, SAP and Netsuite, we have integrated Celero ERP on eCommerce cloud platforms; our expert professional can provide end-to-end assistance to help you choose the right solution as per your business needs.
