To accomplish this, businesses must enable the efficiency of interactions between production delivery and backend finance and accounting, sales, distribution, marketing, and quality assurance. Manufacturing ERP software is the technology connector between these departments. ERP for the manufacturing industry eliminates silos and increases the efficiency of your supply chain.
Here’s how ERP software is revolutionizing the manufacturing industry.
The supply chain ecosystem is increasingly complex in today’s global markets. Today’s supply chains include product manufacturers, suppliers and distributors, retailers, and the customers themselves. Sourcing and procuring products, converting, and shipping logistics are all standard tasks associated with the supply chain today.
Supply Chain Quarterly calls the technology infrastructure in this process, “supply chain’s missing link.” They note that no supply chain activities can occur without a robust and effective infrastructure.
Each department within the complex manufacturing ecosystem can make decisions in a vacuum. From finance to sales, these silos can cause major inefficiencies that add big costs to companies when they work at cross-purposes. When manufacturers lack a cohesive vision of their supply chain, bad decisions are inevitable. This wastes time and costs money no matter when or where it occurs.
ERP for the manufacturing industry helps companies control and monitor the global supply and demand behind the supply chain. The software can take the formerly manual processes around material and information flows and streamline it to increase operational efficiency and improve productivity. There are clear-cut benefits that your company should consider.
ERP stands for “enterprise resource planning,” which is business process software designed to integrate and coordinate a company’s divergent departmental activities into an integrated whole. In manufacturing, ERP software becomes a digital control tower to see activities affecting the supply chain across operations, sales, manufacturing, human resources, and finance. Manufacturing ERP software gives you a 360-degree view of everything affecting the supply chain.
The benefits of ERP for the manufacturing industry include:
In today’s global economy, you need every advantage you can muster. Competitor encroachment, trade tariffs, worker shortages; manufacturers face tremendous challenges. ERP software can help.
How many systems does the average supply chain manager interact with each day? How many mundane tasks could be automated? How many bottlenecks could be avoided?
ERP software won’t fix all of your business problems. But these tools will have a direct and positive impact on:
Modern ERP software heavily improves the manufacturing supply chain. It can pay for itself in short- and long-term efficiencies to improve your business. ERP can automate from procurement to product delivery, cutting down on operational expenses. More accurate demand forecasting and a leaner inventory mean your just-in-time response will improve.
Today, the supply chain requires more flexibility and better communication between external suppliers and internal cross-departmental teams. If your organization struggles with disjointed processes, a lack of agility, frustrated department teams, or unhappy customers, ERP software can help.
How many technology platforms do you use to accomplish your supply chain? Talk to IES about how Microsoft Dynamics ERP software could improve your manufacturing business. We offer free demos of these state-of-the-art products to help you understand the value proposition across your supply chain. Call us today.