Small-scale manufacturers may not immediately realize the importance of ERP systems but they cannot brush aside the apparent benefits of custom ERP software. The global manufacturing market continues to grow despite the many challenges that were faced earlier due to COVID-19 pandemic. As a result, the market competition in the manufacturing industry is rising by considerable margins each passing year. To sustain the cut-throat market competition, ERP software implementation has become an inevitable need for manufacturing companies regardless of their size or USP.
The BCC Research group predicts that the global manufacturing market is expected to grow to $117.7 billion by 2025. It represents a significant growth with a compound annual growth rate (CAGR) of 6.3 percent between 2020 and 2025. That being said, it is an opportune time for small-scale manufacturers to leverage the custom ERP software to gain a competitive edge in today’s volatile market conditions.
In this blog post, we delineate the top benefits that small-scale manufacturers may avail through custom ERP software for manufacturing process management.
By developing and implementing custom ERP software for manufacturing, companies gain access to several different modules wherein each module focuses on streamlining different set of activities. By virtue of these dedicated modules, manufacturers can efficiently manage a host of different processes including product planning, task scheduling, staff rostering, inventory/warehouse management and the likes. In doing so, it significantly enables automation across the aforementioned processes and accelerates the product development lifecycle, thereby reducing time to market. In the following section, we shall explore the key benefits of custom ERP software for manufacturing companies.
Manufacturing companies bear the onus to fulfill the dynamically changing market demands. Therefore, they must keep close tabs on the latest market trends and manage their production pipelines to address varying consumer needs. Developing and implementing custom ERP software for manufacturing enables companies to improve processes associated with product lifecycle management and accelerate the production cycle. At the same time, you get a centrally managed software system to gain control of your manufacturing and production pipelines. It enables manufacturers to efficiently track and manage on-site activities while automating complex processes like product planning and task scheduling.
Developing custom ERP software for manufacturing processes renders optimum transparency and complete traceability for tracking on-site activities. Besides, having a fully-integrated ERP system at your disposal is conducive to efficiently managing a host of manufacturing activities from procurement of raw materials to processing finished products and managing shipments.
Inventory and warehouse management are increasingly important from the standpoint of manufacturing businesses. That said, efficiently managing inventory levels is critical to prevent the instances of stock outages and overstocking with features such as auto-replenishment and purchase management. Besides, the inventory module enables manufacturing companies to gain real-time insights into warehouse data and helps them proactively manage stock movements throughout the production cycle.
Custom ERP development gives you access to dedicated modules for sales and purchasing management. These modules are designed to streamline a host of business processes likes managing sales, orders, quotation requests, and supplier listings. At the same time, it provides real-time stock updates to keep warehouse managers apprised of their stock levels at any given time. When integrated with other modules like inventory/warehouse and supply chain, these modules enable enterprises to gain valuable insights into manufacturing processes.
Custom ERP software for manufacturing process management provides access to fully customized modules for logistics and supply chain management. While the SCM module enables enterprises to effectively track and monitor SCM activities, the logistics module is responsible for improved freight tracking, shipping, and vehicle routing. Here, the SCM module gives you access to features like shipping, purchasing, inventory management, order management, and electronic data interchange (EDI). Other important features include material requirement planning (MRP), orders/returns management, RFID, asset tracking, and the like.
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Although there are several off-the-shelf ERP systems available in the market, it is advisable to opt for custom ERP software especially for the manufacturing industry. The main benefit of developing and implementing custom ERP software for manufacturing businesses is that it is fully customizable to match the diverse business needs. Nevertheless, it is equally important to seek assistance from experienced developers to get off on the right track. The ideal way is to outsource a trusted ERP application development company that will deliver a high-quality software product within the stipulated timeline.
We are a trusted ERP development company that provides 360-degree ERP application development services to solve cross-industry business problems. Our ERP experts specialize in building custom enterprise solutions from the ground-up to efficiently manage complex manufacturing processes. We use open-source platforms like Odoo, OFBiz, ERPNext, and Opentaps to develop high-quality enterprise solutions at cost-effective rates. To learn more about our custom ERP software development services, reach us out at [email protected].