Contribution of ERP System to Enhance
Your Business
Nowadays it is nearly impossible to handle the whole work process manually, especially for the manufacturing industry. ERP is a kind of software that stands for Enterprise Resource Planning. An ERP system provides advanced features to fulfill the manufacturing industry’s basic needs. In this blog, we will discuss ERP systems for manufacturing.
What is an ERP system and why do businesses need it?
ERP is software that automates day to day business activities of organizations. ERP amalgamates all the core processes of a company, that are needed to run a business, such as finance, manufacture, supply chain, HR, procurement, services, and others. Many types of businesses such as construction, hospitality, healthcare, manufacturing industry, and more use ERP system to maintain a proper schedule and make a profit to their businesses. When any type of business expands, ERP helps them to standardize the business processes by reengineering them.
Functions of ERP systems in any kind of business
To understand ERP system thoroughly one needs to about its functions and the work process.
- Inventory
- Sales and management
- Purchase
- Finance and accounting
- CRM (Customer relationship management)
- Production
- SCM (Supply chain management)
Inventory- Every item has its unique serial number. The inventory module can track the stock of items and their current locations by tracking the unique number.
Sales and management- The sales and management module of ERP manages all the sales processes transactions as- sales queries, inquiry analysis and handling, quotation drafting, accepting sales orders, and drafting sales invoices with proper taxation, shipment of material, tracking all pending sales orders, etc.
Purchase- Purchase module handles the processes of procurement of products or raw materials. It manages all the information such as vendor listing, supplier and item linking, sending quotation requests to the suppliers, preparing purchase orders, and goods receipt notes, updating stock and various reports, etc.
Finance and accounting- Basically financial module manages the inflow and outflow of the money by keeping the record of all transactions like balance sheets, expenditures, bank statements, payment receipts, tax management, etc. It tracks the average income of the business.
CRM- CRM module helps to increase sales performance and establish a beautiful relationship with customers. This module of ERM stores all of the customer’s details such as communication history, meeting details, calls, details of purchases, etc.
Production- This module is a blessing of the ERP system for the manufacturing industry. It keeps all the details of production planning, machine scheduling, raw material usage, daily production progress, actual production reporting, etc.
SCM- Supply chain management generally manages the flow of product items from the manufacturer consumer. This module manages supply management, sales returns and replaces processes, shipping, etc.
What is an ERP system for manufacturing?
The manufacturing industry creates more economic value than any other business sector. Basically, the nature of the manufacturing industry is counted to be the most energetic and competitive nature among the businesses. So this kind of business must have an ultimate solution to decrease the cost, increase productivity, enhance sales and make profits. In this case, the ERP system is the only key that can help the manufacturing industry to make precise and strategic decisions.
Benefits of using an ERP system for manufacturing business
Why should one use ERP for manufacturing businesses? Using an ERP system for manufacturing business has several benefits, such as it can keep important data safe. It also plays a great role to expand the business. ERP system handles all the critical data with greater adaptability. It manages all the business aspects of the manufacturing industry by maintaining a database. This software reduces the overall cost as time, manual, streamlined processes, consuming processes, and real-time business information, etc. It also reduces labor expenses by increasing worker productivity. Also enhances customer satisfaction by creating a healthy relationship with customers. ERP systems for manufacturing enhance the control over the streamlined process scheduling. An ERP software is able to improve the decision-making ability of any company by providing thorough visibility into every department and the whole business process. That helps the company to make a spot-on, quick but wise decision easily.
When it comes to enhancing the business with a good ERP system for manufacturing, Aspert is always at your service. With Aspert you can choose the best ERP system that is perfect for your manufacturing business.
Aspert Innovations Sdn Bhd is a one-stop Business and IT Solution consultancy specializing in complete business resolutions, IT services, enterprise resource planning (SAP Business One), and custom-made solutions.
We are enthusiastic about assisting our clients to grow and improve efficiency by transforming and digitizing businesses. It’s a solution to integrate all departments through ERP solutions under one centralized system. It simply helps you see, control, and manage your business with your fingertips from anywhere in the world. For more information visit our official.
