To make it in the digital enterprise, manufacturer have to push them further in innovation and develop a strategy to stay in front of the competition. This won’t happen right away, however. If manufacturers haven’t begun thinking beyond a simple enterprise resource planning (ERP) solution with bare-bones features, they may soon be obsolete. Many people realize that ERP solutions streamline communication and serve as a repository for valuable information, but they don’t realize the multiple ways an ERP system can add to the company’s profitability.
Don’t wait until the end of a reporting cycle to find out your monthly or quarterly profitability. An ERP solution can crunch the numbers at any time to provide accurate, up-to-the-minute profitability reporting from any location to help you make informed decisions about changes to processes as needed. You’ll get the information you want when you need it so that you can make the adjustments necessary.
Old systems were able to send confirmations no quicker than 48 hours. An ERP solution can easily provide employees with the information they need, such as schedule, packaging, and lead times, to reply to customer inquiries while the customer is still on the phone. An automated ERP solution can generate an electronic order confirmation to customers through email, as well, which helps build a great working relationship with your customers.
Regardless of your business’ hours, you want to be able to respond to your customers any time of the day or night. With an ERP system, you can! Your customers deserve access to anything they need, whether it’s finding a quote online, tracking their orders, reviewing order history, or printing packing slips and invoices, and they can find anything they need through a cloud-based ERP solution with a customer account.
ERP systems help reduce waste, from the main office to production and the warehouse floor. ERP solutions reduce the number of paper invoices, reports, price lists, and other forms that companies use. ERP also reduces time spent sorting and filing paper reports. In the shop, ERP systems communicate changes instantly and seamlessly so that the company produces the right amount of product for clients, eliminating stock surpluses.
ERP can help manufacturers capture quality and productivity information quickly to help identify any issues in processes or materials, helping reduce or even eliminate rework and scrap material, which in turn reduces the number of wasted time employees spend manufacturing a product. By identifying issues in production, you can identify the areas for which process changes can improve productivity.
An ERP solution can make your employees more productive by giving them the information they need instantly rather than having to shuffle through redundant information in standalone databases or spreadsheets. Employees are also less likely to make data errors, which reduces the amount of time wasted on corrections and allows employees to focus on the detailed aspects of their job.