ERP & The New Normal

Material Requirement Planning software allows manufacturers to operate efficiently by synchronizing the flow of materials. It ensures that minimum stock levels are maintained to fulfill the sales orders. MRP software automates the calculation of materials, capacity, and resources and forecasts inventory demand by the sales order. Material Requirement Planning manages monitors, controls, and reports the inventory operations so that minimum stock levels are maintained. Here are the five specific functions of an effective MRP system: Manufacturing Resource Planning Master Production Scheduling Demand Production Operational capacity Capacity Resource Planning Modern MRP system software encompasses intelligent built-in tools that promote real-time visibility across product lifecycles. With a user-friendly display, you can check supply and demand information and maintain minimum stock to fulfill sales orders.

In the present scenario where COVID-19 pandemic has hit the global economy, almost all the CFOs want to move beyond their traditional role and make data driven decisions that can support the organizational growth. CFOs around the world are already leveraging ERP capabilities to optimize the standard accounting and financial processes. It helps them make informed decisions, deliver strategic, long-term value information with multiple benefits such as single view of real-time data, accurate job costing, automated mirror processes, and more. OptiProERP with SAP Business One is a globally-renowned enterprise resource planning solution that gives you a powerful, fully integrated financial management system functionalities for your manufacturing business. It helps CFOs with: Accelerating financial close Integrated and consolidated financials Task automation Role-based dashboards Drag-and-relate data Accurate and compliant financial reporting Modern CFOs are leading the digital initiativ...

When you search about warehouse management system online, the web page is flooded with a huge array of links that focus on numerous WMS features and its benefits. Well, it goes without saying that warehouse management is a crucial part of any manufacturing and distribution sector as it controls and manages the day to day warehouse functions. Here is the list of some important WMS (warehouse management system) features that are required in every small and mid-sized organization – Seamless Integration with ERP Platforms Anytime, Anywhere Access to Data Cost-reduction through Utmost Optimization Inbound and Outbound Flow of Inventory Paperless Process of Inventory Transfer (Warehouse to warehouse) A powerful and reliable warehouse management system handles a variety of major and minor tasks including procurement, inspection, packing, put-away, acceptance, order assembly, shipping, warehouse transfers and so on. A WMS should be mobile-friendly that should help you generate reports, allow...

OptiProERP powered by SAP Business One is a reliable solution for small and mid-size manufacturing companies that gives you the ability to change and innovate with speed. It enables manufacturers to solve their challenges with an array of functionalities such as Sales, Marketing, Accounting, Purchasing, Inventory Management, Supply Chain Management, MRP, Advanced Planning, Quality Management, MES, and Shop Floor Execution System, Production Management and more. Market-leading platform Sized-right solution Trusted industry expertise Best-in-class functionality How does cloud ERP help manufacturers manage production? Cloud ERP allows users to access the ERP platform over the internet. It has a low upfront cost and gives you the ability to access critical business data any time, from any location. Benefits of Cloud ERP : Fast infrastructure for fast and reliable performance Keep up with the latest set of technology and innovation Multi-layered security of data Anytime, anywhere access t...

How does an ERP system work? Enterprise Resource Planning (ERP) software is an integrated tool that manages all the business functions on a single platform. A connected business tool allows the company to coordinate different activities across business functions from a single platform. How does ERP affect business productivity and efficiency?  Talking about industry-specific ERP, manufacturing ERP offers a comprehensive suite of business functionalities such as production management, sales management, supply chain management, material requirement planning, APS, Quality Assurance, Shop Floor Execution System, and more. Manufacturing ERP delivers lasting value to the business by: Managing daily finances, custom reports, and tracking job costing Using quality control checkpoints to ensure that the products meet regulatory compliance Allocating resources, tracking raw materials, and planning the production process Bringing business applications on a single system.

Auto component industry comprises an array of resources, processes, and tech-driven appliances to design, develop, manufacture, and market automotive parts. It is one of the largest industries in the world when it comes to cost. Enterprise Resource Planning software plays a crucial role in managing every aspect of the automotive industry, whether it is about stock management, customer service, timely shipping, labor inadequacies, warehouse management, sales, marketing, and more. ERP system can be integrated well with your current business solutions such as e-commerce or CRM. It not only streamlines your business processes but also allows manufacturers to gain complete visibility to maximize efficiencies and make faster business decisions. So, what is the need of Automotive ERP Software ?  Let’s see. Control and manage several projects at one time Gain operational excellence and reduce errors Improved CRM and real-time information access Better enterprise visibility and enhanced c...

Source: Nolan Business Solution In this article, we cover the 4 top ERP trends to watch out for in 2022 and beyond. 1. More personalized ERP solutions In 2022, we expect that one-size-fits-all ERP solutions will become history, as trends take a step forward by providing more personalized solutions to businesses. Today’s ERP systems, like NetSuite and Microsoft Dynamics, come with tools to help create personalized experiences. Next year and beyond, we expect ERP solutions to feature a more extensive, personalised user interface - allowing them to become more consumer-centric and accessible. With the growth of new technologies, like AI, ERP solutions can seamlessly integrate with these innovations in the coming years, potentially reshaping the ERP landscape by creating new processes. 2. Mobile support Gone are the days when a solution is tied to one single machine - complete mobile support will be one of the basic features of a modern ERP tool in 2022. Not only does mobile support offer ...

Inventory management solution helps your growing business reduce inventory cost by giving you full visibility into operational management. It ensures that the stock levels are maintained so that utmost customer satisfaction is achieved. The best inventory management solution helps you in the following ways: Real-time synchronization of goods receipt and inventory levels to inform purchasing On-time deliveries while knowing the lead time Valuation of inbound and outbound inventory JIT inventory based on demand, and sales orders Real-time status of inventory OptiProERP with SAP Business One is a complete business management solution that manages every function in the manufacturing business. From shop floor to warehouse, supply chain to analytics, OptiProERP delivers best-in-class industry-specific solutions for small and mid-size businesses.

The inventory management system enables businesses to balance the inventory coming in and going out. It supervises the flow of goods from manufacturers to warehouses and the point of sale. In other words, inventory management includes ordering, storing, using, and dispatching the company’s inventory (raw materials, components, and finished goods).  You are ready for an inventory management system if you are stumbling upon these questions: How can I track the status of moving inventory? How can I meet customer expectations for timely delivery? How can I monitor inventory for obsolescence? How can I forecast inventory demand? How can I maintain minimum stock safety levels? Why do you need a modern inventory management system? Inventory is known as a great asset for the manufacturing company. There is an ongoing transition in the inventory and therefore it becomes quite difficult for managers to track every product manually.  Manufacturers need inventory management system for:...

In the present scenario where the COVID-19 pandemic has hit the global economy, almost all the CFOs want to move beyond their traditional role and make data-driven decisions that can support organizational growth.  CFOs around the world are already leveraging ERP capabilities to optimize the standard accounting and financial processes. It helps them make informed decisions, deliver strategic, long-term value information with multiple benefits such as real-time data management, accurate job costing, automated mirror processes, and more. OptiProERP with SAP Business One is a globally-renowned enterprise resource planning solution that gives you powerful, fully integrated financial management software functionalities for your manufacturing business. It helps CFOs with: Accelerating financial close Integrated and consolidated financials Task automation Role-based dashboards Drag-and-relate data Accurate and compliant financial reporting Modern CFOs are leading digital initiatives wit...

ERP stands for Enterprise Resource Planning software. ERP software manages, streamlines, and automates day-to-day business activities and integrates all processes into a single system. Each ERP module focuses on a specific area of the business. A modern ERP solution comprises a long list of features based on the industry they cater to. Here are the common characteristics that every ERP system has: Offers real-time information and alerts across all the departments Deployment types to choose from: cloud, hybrid, or on-premise A "single version of the truth" for data consistency and elimination of redundancy Easy to use dashboards, KPIs, and analytics for informed decision-making  Here is a list of the business value of ERP: Lower operational cost Improved efficiency Enhanced collaboration Better infrastructure Reduced business risk Lower management and operational cost If you are spending more on day-to-day operations, and you don’t have access to real-time data, or if it is ...