8 Manufacturing ERP Use Cases That Can Help Your ERP Decision

8 Manufacturing ERP Use Cases That Can Help Your ERP Decision

Summary- Sometimes, it’s become difficult to determine which ERP software system is right for your business. ERP has been invented to offer countless benefits, including a unified database with integration across departments. Implementing smart and intelligent ERP software can provide a significant return on investment due to factors such as business intelligence and efficiency gains.

In this modern era, manufacturers often need specific functionality for their manufacturing industry. manufacturing ERP software system provides more value as it has business and manufacturing operations modules. You need to understand how different manufacturing industries are using various ERP features to add value. Here are the eight functionalities to show ERP's unique benefits after implementation and help to grow the business.

Table of Content

1. Inventory Management

After implementation of the manufacturing ERP system, the inventory management module displays real-time inventory levels and gives an accurate update which plays a vital role in every manufacturing industry. With the help of inventory management an operations manager can compare available inventory to sales data to determine whether the business should place any purchase orders.

An intelligent ERP software system has eliminated redundancies and increased work efficiency with full integration. The powerful reporting tools make it simple for manufacturers to provide the required reports to the FDA. The ERP system can create quotes and can easily change them into sales orders. Manufacturing ERP software solutions has optimized and automated their production tasks. Inventory management increases real-time visibility into safety stock, reorder points, cycle counts, and demand planning ensures your deliveries on time.

2. Cloud ERP & Remote Access

Cloud-based ERP software helps you to expand your business anywhere and reach customers from around the globe. Cloud-based ERP infrastructure helps to collect, send, and receive data without any manual intervention and cloud ERP technology is the single place to collect, streamline, and leverage it.

Cloud-based ERP software systems allow you to interconnect devices, access to data and cloud ERP solutions will ensure support for remote computing. Your team can access any information anytime and anywhere about machines, assess, performance, and view insights remotely.

3. Manufacturing

Small manufacturers used paper and spreadsheets to keep an eye on available raw materials and daily production numbers. But when business grew, those manual methods became a serious roadblock. This manual and tradition process can consume a lot of time.

After investing in a manufacturing ERP module, the manufacturer can see the planned production and compare that against available and on order supplies. You can also track the output against that plan, if you see the demand is increasing then you can scale up more material and bring additional employees.

4. Purchase Management

A procurement module helps manufacturers automate requests for quotes and stores all responses in a centered location and can send out purchase orders with a few clicks and saves a lot of time. The procurement module allows you to keep a current list of all suppliers and allows the manufacturer to track the status of each order.

5. Financial Management

The financial module helps to automatically record all AP and AR transactions and manages the general ledger. Now, manufacturers can control cash flow and spending better. ERP modules make the staff accountant’s job easier by generating key financial documents such as cash flow statements, payment receipts, and balance sheets. Absolute ERP system is using artificial intelligence (AI) specifically and machine learning to compare transactions to hundreds of similar entries.

6. Customer Relationship Management (CRM)

CRM ERP module helps to flow the information into CRM of customers or prospects. It also generates a notification so a sales executive person can follow up promptly. CRM software centralized purchase orders histories for all customers and allowed the business to target them with relevant products. CRM systems help to deliver improved customer service.

7. Supply Chain Management (SCM)

A supply chain module helps manufacturers and distributors to organize their purchase orders, monitor current production and compare that against demand and prioritize orders based on when the warehouse received them. Supply chain application allows customers to return products, scan each item, record its condition and, if required then initiate a replacement.

8. Project Management

Project management ERP module tracks all the required information of the project. In addition to showing the status of projects, it tracks which consultants assigned, login hours, travel expenses and communication with the client. When a project hits a certain milestone, a project management application automatically creates a bill, checks multi level approval and sends it to the client.

The Bottom Line

We really hope these functionalities provide deep information on how manufacturing ERP can help you with various challenges. Absolute ERP manufacturing software is completely integrated with robust features and functionalists. Absolute ERP can handle your challenges and complexities.



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