Why do Manufacturing Companies need ERP?
The manufacturing industry always goes through constant upheaval, therefore it needs software that can keep up with the rapid pace of development. SAP Business One ERP software is an apt solution for the needs of manufacturing companies as it helps in the complete integration of various processes followed in different departments of the company be it Sales, Supply and Distribution, Accounts, Trading, Procurement, etc.
With the manufacturing industry using the latest technologies and machines, ERP software would be extremely helpful in streamlining the processes in various departments and providing a complete view which makes the decision-making more precise and accurate.
So what is it that a manufacturing company needs ERP Software?
- Production Management: With the help of ERP software like SAP Business One, manufacturing companies can gain more information on the processes and decide on which process is more important and relevant and which ones can be removed so that production management is efficient.
- Inventory Management: Huge pile-up of inventory can be a strain on the financial resources of the company as it can be used for the development of the manufacturing company. SAP Business One ERP software can provide the complete details on the inventory levels, this information can help the company in deciding the optimum levels, also the inventory at different warehouses, the movement of the inventory between them, the orders made and deliveries done can be shown at the instant of click thereby saving a lot of money and time.
- Business Intelligence Reports and Analytics: SAP Business One provides reports of various departments including Finance, Accounts, Sales and Distribution, Inventory, etc. The reports are available at an instant and are available in various formats and graphical forms. A lot of Information is available to the manufacturing company, however, it can be useful if they have the information related to the queries asked and here SAP Business One with its analysis feature comes up with the most accurate information whether related to cash flow and sales performance and help the company in making right decisions.
- ERP Deployment Options: Manufacturing companies can go for ERP deployment from the following three options:
Small and Medium enterprises can make use of the SAP B1 ERP software which can be both cost-effective and also provide the best of reports and can be used as an option to improve the efficiency across different departments of the company. SAP B1 helps them in saving costs and utilizing the resources in a best efficient manner
1. On-Premise ERP deployment
2. Cloud Computing Platform
3. Mixed ERP Deployment.
In the on-premise ERP deployment options the ERP features are deployed and managed in-house whereas, in the cloud platform option, this maintenance is outsourced. In the third option, ie Mixed ERP, there are certain functionalities of the ERP software that is managed in-house and certain features whose maintenance is outsourced.
- Customization: With the help of SAP B1 software, manufacturing companies can provide customized solutions to clients where the requirements of the client can be entered and the product can be made as per the details entered. Employees can also use their time in more productive work as efficiency in the process helps in completing the tasks faster.
- Automation: Manufacturing Companies are using technology like Big Data and artificial intelligence. SAP Business One is perfectly in sync with these technologies and is helping companies to cut down on costs. Automation helps in removing redundant processes and thereby improving the efficiency of the company.
- Data Mobility: With SAP Business One, Managers can have access to the information anywhere, be it at the manufacturing plant or the corporate office. They can get the latest and most accurate reports to take a stock of the situation, and to make decisions on the go. With access to data needed round the clock, you can bet on the SAP B1 ERP software to provide you with the most accurate and real-time reports.
To store a large amount of data in business operations, companies need to bend towards SAP Business One ERP software. ERP helps in improving communication and enables better coordination of activities. Small and Medium enterprises can make use of the SAP B1 ERP software which can be both cost-effective and also provide the best reports and can be used as an option to improve the efficiency across different departments of the company. Softcore Solutions: a leading SAP Business One Partner in Ahmedabad, helps enterprises in saving costs and utilizing resources in the best efficient manner by implementing ERP software.