ERP & The New Normal

  Cloud ERP connects manufacturing operations with disruptive technologies such as IIoT, Machine Learning, Artificial Intelligence, Blockchain and other pillars of Industry 4.0. Global manufacturers find cloud technology very crucial for their ERP strategy. So, what are the benefits that cloud offer to manufacturing sector and how is changing the manufacturing landscape.  Let’s see: Faster time to value: cloud enables quick implementation process with minimal complexity and less equipment. Grow your business without adding hardware. Mobility: cloud has made reporting, supervising and managing the operations very easy with real-time visibility, with no downtime for upgrades. Enhance agility: cloud enables next generation automation, collaboration and digital readiness. From tracking raw materials to using quality control checks,  Cloud ERP   offers many advantages including enhanced agility. Centralized data: access real-time data related to any business departme...

Inventory management software is a tool designed to track inventory levels, orders, sales, and deliveries. It tracks how much inventory you have in the warehouse management System , monitors stock at all the locations (on the shop floor, with subcontractors, etc.), and gives you visibility into where to store inventory, and when to order. Today, manufacturers prefer to invest in a cloud-based inventory management system that is well integrated within a business management solution such as ERP. Enterprise Resource Planning software (ERP) integrates all aspects of your business, from planning, and production to operations and dispatching. Let’s see how inventory management software embedded in an ERP system can help your manufacturing business.  Read on the functionality that Inventory Management Module offers in ERP software . 1. Inventory control 2. Inventory reports 3. Inventory audits 4. Direct shop shipment 5. ABC item analysis 6. Accurate forecasting Inventory Management Sy...

Financial Management Software is designed to manage, monitor, automate, evaluate and store financial information in an organization. However, other than financial operations, there are many other departments to manage and monitor. If we talk about the manufacturing industry, finance, procurement, sales, production, sales and marketing are a few primary departments that support business growth. So, it is better to choose business management software with an intuitive UI and UX that can improve business performance by integrating data. OptiProERP is end-to-end Enterprise Resource Planning software built on SAP Business One. Driven by a commitment to customer service, OptiProERP delivers best-in-class industry solutions. Let’s talk about its Finance Module. The software provides comprehensive financial management functionality, including: Accounting: automates accounting processes by managing journal entries, payables and more Controlling: manage cash flow and manage job costs accurately...

What is Inventory Management Software? Inventory management software is a tool designed to track inventory levels, orders, sales, and deliveries. It tracks how much inventory you have in the warehouse, monitors stock at all the locations (on the shop floor, with subcontractors, etc.), and gives you visibility into where to store inventory, and when to order.  Today, manufacturers prefer to invest in a cloud-based inventory management system that is well integrated within a business management solution such as ERP . Enterprise Resource Planning software (ERP) integrates all aspects of your business, from planning, and production to operations and dispatching. Let’s see how inventory management software embedded in an ERP system can help your manufacturing business. Read on the functionality that Inventory Management Module offers in ERP software.  Inventory control  Inventory reports Inventory audits  Direct shop shipment  ABC item analysis  Accurate f...

It is true that without any kind of   financial management   or accounting solution, an organization cannot survive.   Financial Management System   or FMS is designed to plan, organize, direct and control an organization’s financial resources. A   financial management system   keeps the track of money as it comes in and goes out of the business. A manufacturing organization requires multiple tools to manage different departments. Instead of investing in many tools for managing finance, production, inventory, etc. It is better to opt for a single system that integrates all these modules. ERP or enterprise resource planning software is an end-to-end solution that integrates all business modules and focuses on streamlining the operations. Financial Management System   in ERP can help you strategize business goals and track income and expenses to help with financial planning. · You need   financial management system   when: · You don’t have cont...

Wholesale and distribution is an important segment in the marketing industry. Nowadays, leading distributors are deploying state-of-the-art software solutions to create, deliver and sustain customer experiences. Usually, the wholesalers and distributors have to work at different sites, in different warehouses for controlling, managing and replenishing the inventory. Therefore, it becomes a tough task to make all the operations streamlined and systematic. Enterprise Resource Planning software is considered as a suitable solution for wholesale and distribution industry as it solely manages all the comprehensive operations – procurement, sales, production, quality control, warehouse, supply chain, etc. in a streamlined manner. Some of the ERPs such as OptiProERP can be easily integrated with Magento to facilitate the sale of goods online. SAP, Oracle, and Netsuite are a few ERP software solutions which are also preferred by many.

In the manufacturing industry, warehouses are at its core. Logistics operations in a warehouse include the flow of both physical goods and information. This includes the flow (shipping and receiving) of physical inventory, as well as that of more abstract goods, including information and time. Automation and control of the warehousing operations can be done in three steps: 1. Invest in the latest technology hardware to accurately manage inventory. For example, label every material you procure by using the latest technology like – RFID tag, barcode, and QR code 2. Use a powerful software to perform complex processes, calculate algorithms and select a suitable stock control methodology for you. 3. Integrate the hardware and the software by means of an automated solution. Warehouse Management System ( WMS ) comes handy in an ERP solution . Advanced warehouse management system ( WMS System ) gives you real-time insight into your warehouse, and equips you – and all your employees – with t...