The manufacturing sector has transformed significantly in recent years, driven largely by increased tech adoption. Even the government is encouraging manufacturers to adapt to a digital-first world, with a recent pledge of $1 billion to promote advanced manufacturing across the country.
Enterprise Resource Planning (ERP) software, in particular, is helping to modernise manufacturing processes thanks to its ability to automate various business processes, including inventory management, production planning, supply chain oversight, customer relationship management and more.
The manufacturing industry has been a key beneficiary of ERP solutions, enabling manufacturers to streamline their operations, reduce costs and enhance productivity. One key influence is ERP’s ability to integrate various business functions into one cohesive ‘source of truth’. This means manufacturers can easily track and manage their resources, production processes and supply chain activities from a single platform.
ERP solutions automate much of a manufacturing operation’s day-to-day processes, freeing up staff to focus on higher-value activities. For example, the right platform can automate inventory management, ordering and tracking, while also making light work of production scheduling and providing real-time updates on production status. ERP can also automate invoicing, payment processing and financial reporting to eliminate manual errors and improve financial accuracy.
Integrating the right ERP system into your manufacturing operation can assist with a variety of tasks, including:
One of the primary benefits of ERP is increased efficiency. ERP solutions automate processes and subsequently reduce the amount of time and resources spent on manual tasks. This leads to faster turnaround times and improved resource utilisation, with greater operational efficiency across the board.
Manufacturers also get the benefit of real-time data insights to help them make more informed decisions on where resources are allocated and capacity planning. This data-driven approach can optimise production processes and minimise waste, while also giving manufacturers greater visibility into their supply chain activities – so they can quickly respond to changes in demand.
ERP solutions also enhance collaboration between departments. With easy access to a centralised platform, employees spread throughout the enterprise can work together more cohesively, which ultimately leads to better decision-making and improved business outcomes.
Choosing the most appropriate ERP platform for your needs is critical. With so many competing solutions on the market, it’s important to realise that not all of them are suitable for manufacturers. From niche technologies right through to the market leaders like NetSuite, Microsoft Dynamics, Oracle and Wiise, you must consider the features and functionality you want from the software, as well as the level of support required during and post-integration.
Here are some of the reasons why manufacturers are choosing established ERP software:
Cloud-based ERP is providing manufacturers with a comprehensive set of tools to manage their day-to-day operations. Whether you are looking to optimise your business processes with enhanced production scheduling, inventory management or streamlined supply chains, ERP will ensure your production processes are supercharged so you can quickly respond to changes in real-time.
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