Did you know that manufacturing companies can save 25-30% in inventory costs by implementing the right ERP system? Nearly 60% of manufacturing businesses in India have improved their efficiencies with the help of ERP.
However, you need to look for some essential manufacturing ERP modules to make better decisions. These modules are important to streamline business processes and improve productivity. Make sure to partner with the right ERP software company in India like Autus Cyber Tech that can help you with industry-specific solutions.
In this blog post, we will delve into some must-have modules businesses need to look for when choosing a manufacturing ERP for their businesses. Explore more below.
1. Inventory Management Module
This is an important module that is a must-have in an ERP to enhance inventory management. It will allow tracking stock levels at all times and ensure that the business has optimum stocks to meet client requirements. The advanced inventory management tools will also automate the reordering of raw materials when they fall a certain threshold, avoiding potential errors. It also prevents stockouts and overstocking, helping businesses reduce storage costs and minimize wastage.
2. Bill of Materials Management Module
If you are involved in the manufacturing of goods with complex assembly processes, the Bill of Materials management module is essential. It will create and manage detailed BOMs which will contain all the required components, materials, and all the other things used for the production of finished goods. Thai helps businesses ensure consistency in the product quality, and optimize the use of raw materials.
3. Purchase and Procurement Module
The purchase and procurement module ensures the availability of raw materials in the right quantity from the best suppliers. This minimizes the costs of procuring raw materials and avoids any disruptions that can hinder the production process.
4. Production Planning Module
Hire the best ERP software company in India to implement an ERP with robust production planning and scheduling tools. This will allow manufacturers to plan the production volumes by making accurate demand forecasting on the basis of current market trends, and client demands. This will ensure optimum allocation of resources, and allow real-time production tracking.
5. Supply Chain Management Module
Your suppliers play an important role in the production processes. ERP with an efficient supply chain management module will track suppliers’ performance, and manage all the aspects, right from ordering raw material to order fulfillment on time. This avoids delays and disruptions in the production process and reduces costs.
6. Quality Management Module
The quality control module evaluates the quality of the products at each stage of production. This enables employees to identify any underlying issues with the quality at the earliest and make necessary adjustments. Businesses can set quality standards in the ERP system so they can perform inspections and monitor non-conformances.
7. Financial Management Module
The financial management module in an ERP allows managing finances. It tracks costs, sales, budgets, and others to keep you informed about the financial health of your company. The real-time visibility into finances helps businesses make better data-driven decisions.
8. Customer Relationship Management Module
The CRM module is one of the important manufacturing ERP modules that manages all customer interactions, tracks sales, and also facilitates after-sales support. It helps build long-term relationships with customers and allows businesses to respond to their queries promptly.
9. Human Resource Management Module
Businesses need to manage their workforce effectively. The HR management module will streamline processes related to employee recruitment, payroll management, and attendance.
10. Maintenance Management Module
Manufacturing businesses often face difficulty in production due to inefficient equipment and machinery. Choosing the best ERP software company in India will offer a system with a robust maintenance management module that can schedule preventive maintenance to avoid costly repairs.
Implementing an ERP with all the modules mentioned above will allow businesses to optimize their production process. You can trust Autus Cyber Tech for the best ERP solutions. Visit our website to learn more about our ERP software.