An Enterprise Resource Planning (ERP) solution is a business process management software that allows an organization to use a system of integrated applications to manage the business and automate many back-office functions related to technology, services and human resources.
This is our short guide to ERP software and how it can help manufacturers become more agile, stay in stock and thrive in the digital economy.
An ERP Solution Helps Manufacturers Plan, Execute and Improve Processes Across the Supply Chain
A modern enterprise resource planning (ERP) solution can help manufacturers plan, execute and improve processes across the supply chain. ERP solutions provide real-time visibility into all operations, including production and inventory levels, customer orders and sales performance.
ERP systems point out operational inefficiencies and provides real-time data-driven insights to reduce waste and costs.
Those are just a few of the ways that an ERP solution helps manufacturers improve operational excellence by automating planning and scheduling – enabling them to make better decisions based on accurate data.
RP Solution: Real-time Integration with Suppliers and Customers maximizes product availability and enhances customer experience
With real-time integration between manufacturers and customers, manufacturers benefit by filling out more orders with less effort while offering their customers the convenience of online ordering.
Manufacturers can use ERP solutions to create an eCommerce store that links to all of their systems so they can offer accurate stock levels and shipping dates. Your team will be able to track information regarding customer purchases, preferences, maintenance schedules and service histories—allowing them to better provide personalized service or offer specials via marketing campaigns.
Implementation of an ERP solution can provide manufacturers with real-time visibility into all operations, leading to better decision making and improved operational excellence
An ERP software solution can provide manufacturers with real-time visibility into all operations, leading to better decision making and improved operational excellence. With a real-time view of all operations, from production to inventory, sales, finance and customer relationships, a manufacturer is able to leverage data to make smarter decisions and grow their business.
For example:
- By using an ERP’s analytics capabilities manufacturers can run reports on previous years’ trends in order to predict future customer needs. Armed with this information they can then make changes such as modifying the manufacturing schedule or adjusting sales and marketing strategies in order to have the right products at the right time.
- A real time view of inventory enables manufacturers to identify potential problems before they occur and proactively plan for downtime that may be required for maintenance.
Conclusion
To sum up, ERP software enables manufacturers to access real-time visibility into customer demand, inventory levels and sales orders. Such information makes it possible to manage the supply chain better, including improving communications with suppliers and tracking shipments in transit. In addition, the data generated by ERP can give manufacturers a better picture of their operations so they can make better decisions.
With that in mind, it’s safe to say that ERP software is an essential tool for any manufacturer looking to achieve consistent growth and build a sustainable business over the long term.
By using data gathered by an ERP solution, manufacturers are able to improve profitability while offering superior service—which is good news for both customers and shareholders.
To discover how an ERP solution such as SAP Business One can help your manufacturing business on the path to growth, contact us today!
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