Transforming Business with ERP

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.

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:...