How Do ERP Modules Help Manufacturers in Their business?
The manufacturing industry has become highly competitive. And, with the increasing competition also comes the complexities like improving efficiency and streamlining operations.
This is why businesses need to implement a system with robust ERP modules for the manufacturing industry that are specially designed to automate their business operations. An efficient system will allow manufacturers to stay competitive and maximize their profitability.
ERP system comes with different modules that combinedly make the entire process smoother for businesses. This blog will dive deeper into the essential ERP modules to help manufacturers make better decisions. Explore more below.
1. Production Planning and Scheduling Module
Partnering with the right ERP software providers in India will offer an ERP with effective production planning and scheduling modules. This will help manufacturers plan their production based on the current demand, and available stock as well as work in progress. It allows optimum utilization of available resources and reduces costs. This helps minimize delays and reduce downtime.
2. Inventory Management Module
Inventory management is an important part of supply chain activities, but often a complex one. The inventory management module is the most important ERP module for manufacturing companies as it tracks stock levels in real time, allowing them to understand if they have enough stock to fulfill orders in time.
3. Order Management Module
The order management module in a manufacturing ERP can automate the reordering of raw materials. You can set a limit for every raw material used in the production. It will keep track of it and issue purchase orders when the level falls below the set limit. It eliminates manual interventions, mitigates the risks of errors, and frees up employee time.
4. Supply Chain Management Module
This is another important ERP module for the manufacturing industry as it helps businesses build supplier relationships by monitoring their past performances. ERP can also track the order movements from the suppliers, to track if they can deliver it on time. This helps in making informed decisions regarding which suppliers to choose for future requirements.
5. Accounting Module
Managing finances is important to evaluate the profitability of the business. The accounting module will track all the expenses, revenues, receivables, payables, sales, and others to allow businesses to understand their financial position. It can also suggest cost reduction opportunities by tracking unnecessary expenses like interest, late payment charges, etc that can be avoided by paying attention.
6. Quality Control Module
Maintaining consistent quality of finished goods is important for businesses but this step can get messy using manual methods. Implementing an ERP module with robust quality control modules that track the quality of each raw material, and the rest of the things used in the production. This helps ensure that the finished goods are of the highest quality.
7. HRM Module
The HRM or human resource management module is important for managing the workforce. This may not be an important module for a small company with a small team size. However, for a medium or large enterprise, it is an important tool. It will manage and store all employee records. You can use this module for recruitment, appraisals, performance reviews, etc. It can improve the productivity of the HR department in a company.
8. CRM Module
The CRM or customer relationship management module will store all customer data, sales, feedback, and inquiries, and also aid in after-sales support. With all the customer interactions in place, manufacturing businesses can improve their relationship with them.
9. Maintenance Management Module
Hiring the best ERP software providers in India will ensure that their ERP has effective maintenance management tools that will help your employees in scheduling preventive maintenance for equipment and machinery. This will ensure that they are in the best shape, reducing downtime and chances of sudden breakdowns.
ERP has helped numerous manufacturing companies improve their productivity which eventually paves the way for expansion. Autus Cyber Tech offers an industry-specific ERP system for the manufacturing industry with all the required modules at the best prices. Check our website today for more information.
