Are you a manufacturer looking to improve efficiency by implementing ERP software? ERP is one of the most powerful tools for manufacturing businesses to streamline operations and improve overall productivity.
However, you need to choose the right ERP modules for the manufacturing industry to make a real difference, and reap the most benefits. It will allow you to manage end-to-end business operations, offer real-time data visibility, and make better decisions. In this blog post, we will delve into important modules that businesses must look for when choosing an ERP system. Explore more below.
1. Production Planning Module
Production planning is the heart of any manufacturing business operation. This module helps businesses plan and schedule production to ensure optimum stock levels to meet client demands on time. The right ERP will suggest the required production volume based on capacity and current client requirements. It will also manage warehouses, and work in progress, and adjust schedules as and when required.
2. Inventory Management Module
Inventory management is crucial for the smooth operation of any manufacturing company. Implementing an ERP with advanced inventory management tools will allow managers to track stock levels in real-time. This plays an important role in production planning. It avoids overstocking and understocking both of which can cause disruptions in operations.
3. Supply Chain Management Module
This is one of the most important ERP modules for the manufacturing industry. Effective management of supply chain activities is crucial for the success of businesses. The supply chain management module allows manufacturers to track all business activities, from raw material procurement to delivery of finished goods. It also tracks suppliers’ performance and suggests to you the available ones to order raw materials required for production. The SCM module helps in building strong supplier relationships, reducing possible disruptions, and transportation costs.
4. Quality Control Module
Implementing an ERP with a quality control module allows manufacturers to maintain the highest quality of products. It helps identify any quality issues at early stages and fix them as soon as possible. This reduces the likelihood of returns and increases client satisfaction, eventually improving client retention rates.
5. Customer Relationship Management Module
The customer relationship management module in an ERP allows businesses to manage all customer interactions. Whether it’s a client’s requirement, feedback, query, sales, or after-sales support, it can manage it all with its efficient CRM tools. It acts as a centralized platform to store all customer data and allows employees to track customer orders from a single location.
6. Maintenance Management Module
The maintenance management module is important for manufacturing companies to reduce downtime. Any issue in equipment can cause production delays, thereby increasing overall costs. This module ensures that all the equipment is in its best condition to ensure smooth operations. It schedules regular maintenance automatically or sends alerts to the designated employees regarding the maintenance.
7. Financial Management Module
Businesses need to have a clear idea about the financial health of the companies to evaluate their profitability. Hire an ERP software developer in India who can provide you with an ERP with an efficient financial management module that helps businesses manage their finances effectively, from budgeting to costs, expenses, sales, receivables, and payables. It also helps in tax and regulatory compliance, reducing the potential risks.
8. Business Intelligence Module
We live in a data-driven world where businesses need to get real-time visibility into key activities. The BI module allows manufacturers to get data from multiple sources like production, sales, and others, helping them make better decisions for business growth. It offers a customizable dashboard and reports and tracks KPIs to measure business performance.
9. HRM Module
Choosing the best ERP software developers in India will offer you a system with an effective human resource management (HRM) module. It will allow businesses to manage human resources from a single place, from recruitment to performance reviews.
Autus Cyber Tech is the best ERP software company offering tailored, industry-specific ERP for manufacturing companies. Get in touch with us today to schedule a free demo.