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6 Key Phases of an ERP Implementation Plan
4Mar-23

6 Key Phases of an ERP Implementation Plan

What Is an ERP Implementation?

An ERP system combines numerous functions in the business, such as economic management, sales and manufacturing, and human resources to deliver benefits such as increased efficiency and productivity. The process of ERP implementation describes the planning, configuring, Testing, and deploying of an ERP process.

The ERP implementation plan can be split up into six phases, each with particular goals. Every occupation is unique, so the phases can be different depending on the company, and they also may overlap.

ERP can be executed only if there is a use of the proper module in a correct sequence otherwise it cannot be worked perfectly.
The main feature of an ERP Solution is to enhance the Customer Relationship. It increases the quality of services, is precise in the delivery time, and improves the performance rate offered by companies. Another objective of ERP implementation is to control errors in an organization.

6 Steps for Successful ERP implementation

We have listed 6 major steps of ERP implementation below.

1. Discovery & Planning

This is the first phase of ERP System Implementation. It includes understanding the client’s requirements, researching and selecting a system, and the project team setting up and determining detailed system requirements.

The team of project will handle the task related to the implementation, including project plan layout and finishing dates ensuring appropriate resources are allocated, making product and design decisions, and day-to-day project management.

The ERP project team typically includes a project sponsor, a project administrator, and representatives from the departmental system user. Senior manager involvement is important to make sure the project gets the expedient it requires and to provide the necessary support to ERP System Implementation change across the organization.

The project team can hire an external adviser or ERP implementation partner to furnish expertise in system designing and configuring.

It had to comprise any internal specialists involved in system implementation, such as an IT Representative and a report writer who will create tailored reports for users over the organization.

These are useful for detailed analysis, including existing workflow the initial goal of the organization will be to develop an in-depth understanding of current issues, including process inabilities and the ERP system requirements.

In case the organization has earlier evolved an ERP business case, it possibly has already determined wide business issues and goals for the implementation, which include a rapid financial package, improved perception into operations, or preparing for a stock launch.

Documentation, and to develop system focus. The team may choose and obtain an ERP system during this primary phase, as the organization built a clear idea of its needs. One major resolution is to use an ERP system that darts on-premises or in the cloud.

For an on-premises system, you purchase and instate the hardware and software in your company data center. Contrary to cloud-based ERP is usually offered as a subscription service through internet access, for a faster implementation process.

2. Analyzing the ERP Software Capabilities

The most important step in the process is to dedicate a full week to analyzing the ERP software for the project team. The reason is it will determine the place where the modifications are required for the software.  Adapt the requirements needed previous to the project employee training.

It is also important that the team takes the correct path to have a better scope to meet the expectations. Training is required on every detail of the ERP software to fully educate the team on capabilities and diagnose the empty spaces.

3. Data Management

Determine which information should be converted through an analysis of current data. Converting 100% of the data is not a good idea as there will be outdated information in the system. Identify the new data and its source, and then check its compatibility with the PMTrackERP software. The goal of this stage is to improve data accuracy and perfectness.

4. Testing

To ensure accurate information and software functionality, the project team needs to practice in a test database.  If there are any queries with the interface design integration it can be modified before the software go live. Once the testing procedure will do, make sure about the in-depth training plan of the team.

Most sellers can provide front and rear-deployment tools to start the user training. For vendor support, the company should make the best use of the training staff created in the development stage. The important factor in the development process is that specifically caters to your user’s day-to-day responsibilities.

5. Deployment

This is the step you were looking for, on the day of the software deployment. You have to be prepared for potential errors, as perhaps a lot of moving parts there and possibly some confused employees, In spite of your best efforts to prepare them for the updates.

The project team should be easily accessible to answer interrogations and help users understand the software system to understand the issues and errors.

Your cooperative partner should be capable to help with troubleshooting if required. The possible user takes a time to understand the system and achieve the expected productivity profits.

Some data can be relocated ahead of deployment, while other information such as present transactions should be migrated instantly before the launch.

Some organizations want to launch all the ERP modules immediately, while other companies focus on particular high-priority modules or processes and afterward add others in further stages. To avoid the risk, some organizations prefer to run older systems alongside the new ERP system implementation for a time; however, this can add to the overall project budget and reduce user productivity.

6. Support & Updates

Taking care of the ERP implementation after deployment helps to keep users satisfied and ensure the business gains the desired benefits. The project team may still be accountable for the ERP system during this stage, but its focus will move to hearing users’ feedback and modifying the system accordingly.

Some axillary development and configuration may be required as new features are added to the system. Also, the system needs newly trained staff.

If you have the Best ERP Software Company the software you are going to launch needs to install regular updates, if you have an on-premises ERP system, as well as the need to upgrade hardware over time. But, in a cloud-based ERP system, the user’s vendor may update the software automatically.

Conclusion

ERPs are an important tool for any rapidly growing business that requires system optimization, keeping up with customer demands, and scaling its workflows. With an ERP system, an organization can boost customer response, reduce repetitive tasks, integrate data, and improve team communication.

A complete ERP system can be said only if there are all the steps are included including Planning, software capabilities analysis, Data management, Testing, Deploying, and system support. Without following these steps of implementation you cannot perfectly launch your software and it won’t work perfectly if you miss following any of the above steps.

PMTRACK ERP provides the Best ERP solution for the manufacturing industry to schedule a free demo, get in touch with our team at info@pmtrackerp.in

How to Choose the Best ERP Solution for Your Business
21Feb-23

How to Choose the Best ERP Solution for Your Business

Enterprise resource planning (ERP) software is becoming an increasingly exclusive solution for enhancing procedures at the business application level as businesses strive for more effective operations across the board. In a single platform, ERP software unifies various back-office applications, business processes, and workflows. It might bring about fresh benefits like better data sharing, better data quality and accuracy, and greater administrative visibility.

If you require dependable, comprehensive business management solutions, you might want to think about investing in top-notch ERP software. A more sophisticated ERP system with the features and capabilities you require can help you streamline your processes, improve workflow, and add value to your company as a whole.

The following guide will explain what ERP software can do, the benefits of selecting the right ERP for your business, and what to look for in an enterprise resource planning solution for maximum benefits.

What is ERP Software?

An ERP system is software that is made for business management for all kinds of daily business activities, whether it should accounting, risk management, Procure management, or project management accordingly.

Software needs to keep constantly updated so that it can provide real-time data to everyone in the business with access to it.ERP software collects the organization’s shared transactional data from different sources as well as eliminates duplicate data and provides integrated data in a single source.

Nowadays, ERP systems became captious to manage thousands of occupations of all sizes and in all industries. For these companies, ERP is as essential as electricity which is an essential day-to-day factor.

Types of ERP Software Solutions

1. On-premises Software

Lots of companies are using this ERP software to maintain their office premises. It could either physically or internally, Office-used computer systems or servers.

Yet, these software’s aren’t accessible remotely, but complete On-premise ERP software is installed on the company’s personal computers and servers too.

Evaluation of On-premises ERP systems based on the company size and the number of users.

The On-premise ERP system is considered an investment because the whole cost of the one-time license is paid by the company. Accordingly, you will need to pay the price of the periodical training and software updates.

Once the company got access to the on-premise software, will get complete control over the system to use it. Hence, the software can be customized.

But, you will require hiring an IT specialist person for software updates and maintenance.

2. Cloud Software

The cloud-based ERP software can be accessed remotely on any device with the help of an internet connection and is called – Software as a Service (SaaS).

SaaS is a subscription-required service. This service needs a service provider who makes assures training, and customization as well as support.

3. Hybrid Software

This software is an amalgamation of the two software services mentioned above.

It relies upon how the user organization and service provider and utilize these correspondingly.

These types of software are highly flexible and they allow the host to the new addition and implementations in the existing systems.

Benefits of using ERP Software Solution

  • Intensified Business Reporting: Best Reporting tools with a piece of actual information.
  • Upgraded customer service: Ease of access to customer information.
  • Enhanced holder Costs
  • Increased Cash Flow
  • Cost-effective
  • Better Data security
  • Business Improvements
  • Management of supply chain.

Steps to Choosing the Best ERP Company in 2023

1. Make a checklist of your requirements.

The company should always go for a change with an ensured proper assessment process. It should check the recently improved business in the market, with the customers gathered information, and check the change in the business cycle from past till current.

While selecting the ERP selection one should always focus on the ERP customizations and requirements that can be scheduled based on the time.

Make sure that you are selecting the right process; create a clear and complete list of your requirements for your ERP software company selection and determine whether the software of the vendors meets up to your requirements.

By considering you are aware of the needs of the software; your created checklist is unique and available in the market.

Before meeting your Software provider, you must listen to your management and your clients to know what they expect.

2. Do a proper Market Research

Market research plays an important role in the ERP software selection process. However, it would be a fun task to research the better ERP software providers.

Because you have to analyze their content to see if they are offering a suitable featured software for your business or not.

In this process, you will get to learn in-depth ERP software information. It may include software functionality, capabilities, add on. You will be able to find the upgraded and advanced software products and the cost of that new software system. Utilize the resources and efforts that you are investing in a software system, to improve the productivity of the software.

3. Need a proper Planning

It sounds general but the companies make their software on the basis of the popularity and publicity of the product. They may feel that any kind of the latest software is able to fit their company and if it doesn’t fit their organization, they will doubt the functionality of the software.

Hence, your selected ERP software should be designed with a focus on its usability by considering with the aspects of employees.

So they become familiar and comfortable operating the system with full comfort and they can utilize the functionality and productivity with the help of these basic planning tactics, your business will make the best-informed decisions on the Best ERP System software.

By considering your requirements, you’ll be in a better state to control the ERP software selecting decisions and it will be helpful if it is implemented on a procedure instead of allowing the software company controls your decisions.

4. Vendor Evaluation

Searching for the ERP Software Company in India that can fulfill all your requirements is a daunting task to do and hence, most ERP buyers can’t deal with finding the right company.

This could happen when you visit the market to find an ERP software company without proper market research and planning. To find the right vendor for your needs do appropriate research on the vendors over the web you need to pay attention to the company reviews to fulfilling your expectations. It will help you to analyze the market insights.

In our opinion, you need to set goals before evaluating vendors, and whether their software products are able to work for your business growth.

You need to evaluate every factor to check if it’s possible to deliver the best result within a time by doing one task instead of multiple tasks at a different time.

Make sure it will provide you the satisfying all regulatory requirements and will be beneficial to gain your market share faster.

Make sure the ERP software will grow your business workflow or not.

Here are some better evaluation factors.

  • Make sure the ERP product of the vendor works with you in building legacy systems
  • Check the experience of the vendor in the industry, which leads to the possibility of an easy transition.
  • Make sure that the vendor completely understands your business goals and hand over to the vendor of your any project plan you’ve marked up to check if he is aware of it or not.

5. Customization and integration

While choosing the Best ERP Software in 2023 for your occupation, you need to confirm the effects will go to have on the other systems. Which are currently in use, in your business?

Find it out whether it has the strength to be the complementary system. It will be unworthy if you buy software that is unable to integrate with your existing ERP systems as they are a vital component of any business. Hence, it could lead to unnecessary cost problems for your business. Generally, Business needs such ERP systems that won’t allow suffering from integration problems to arise.

Well-customized ERP systems allow companies to become more flexible and are essential to improve your business growth.

Conclusion:

The ERP platform you choose and the way your team configures it will have an impact on all key users, applications, and regular business processes. When choosing modules and rolling out the tool across various departments, your company will be well-positioned for success if your team puts the necessary effort and time into finding the ideal ERP system.

The Best ERP Software Company in Pune is PMTRACK ERP, which specializes in ERP implementation. The business helps its customers choose the best manufacturing ERP software to meet their needs and requirements.

We as a company have top-notch implementation techniques at our retention, which can help you save money, time, and effort. Our Manufacturing ERP software solutions will undoubtedly increase your company’s return on investment. Visit our website to find out more about our ERP Solution and its offerings. If you want to improve the efficiency of your business processes and the adaptability of your organization, get in touch with us right away.

Why Automotive Manufacturers Are Using ERP Software
2Feb-23

Why Automotive Manufacturers Are Using ERP Software

The auto industry is on the verge of a revolution. It plays a massive role in the global economy. As a dynamic and customer-driven industry, the automotive sector deals with components of different sizes and varieties that are required in varied workstations for assembling, polishing, and painting automobiles and their parts.

The global automotive industry will continue to grow for the foreseeable future. Manufacturers are faced with a growing demand for electric vehicles, autonomous vehicles, and connected mobility. A deep focus on customer satisfaction remains. Recalls and quality-related issues can negatively impact the original equipment manufacturers’ (OEMs) brand. As a result, the supply chain is under increased pressure to transform the organization while maintaining profitability, providing high-quality products, and delivering on time.

ERP systems have added more value to organizations by optimizing operations, reducing costs, and maximizing profitability when it comes to automotive industry software. From integrating value chain activities to maintaining warehouses, improving CRM, and real-time information access for enterprise visibility, ERP for the automotive industry helps you to reduce errors and make smart decisions.

So, Let’s Take A Look At Why Modern Manufacturers Are Using Automotive-Specific ERP.

1. Increased Real-time Data Access

Modern ERP systems allow users to streamline the information flow within an organization. It consolidates the data of every department and empowers decision-makers to make quick and informed decisions. Automotive industry manufacturers need up-to-date information on customers, resource availability, employee management, and manufacturing status. ERP provides this data. Manufacturers can view, edit, and manage this information in one solution.

2. Secured Data

Organizations create and maintain tons of content pieces – human resource policies, quality control reports, forms, business plans, barcode labels, batch numbers, routing reports, etc. From reports to customers’ data, an ERP helps you manage the end-to-end processes on a single system. When deployed on the cloud, data is safe and driven by automatically scheduled backups to prevent failure. Data security, updates, and storage are managed by the cloud provider.

3. Enhanced Inter-organizational Communication

ERP removes communication barriers between teams and departments. Every authorized person has access to view and edit data. With an ERP solution, management can have a view of the entire organization and activities going on in departments including production, quality control, supply chain management, procurement, shipping, human relations, finance, warehouse, etc.

4. Inventory Optimization

Surplus inventory is an undesired expense while stock-outs can hamper customer needs. Automotive industry manufacturers need to carefully manage inventory and warehouse operations. PMTRACK ERP with SAP Business One facilitates report generation, recording of warehouse transfers, capturing of inventory, and processing of tasks and transactions on the plant floor.

5. Automation of Tasks

With electronically generated reports and sheets, you don’t need to manually generate delivery notes and invoices; everything is done at the touch of a button. This saves money, time, and effort, and reduces errors.

6. Lower Costs and Higher ROI

When an ERP is hosted on the cloud, manufacturers don’t need to have multiple servers or recruit a team of IT professionals for installing and configuring the systems. It is all done by the cloud providers. A modern ERP provides lowers costs and improves ROI with optimized production, greater visibility, increased efficiency, and improved customer satisfaction.

7. Employee Efficiency

Happy employees work with greater efficiency. When using an ERP system you can automate operations and eliminate data redundancy which helps improve employee satisfaction and efficiency. ERP also allows data to be accessed with handheld devices so employees can work remotely.

8. Optimization of Resources

An ERP solution drives lean manufacturing and helps businesses develop a lean supply chain that can ensure optimum utilization of resources, improved lead time, and less waste. When tasks are assigned to the person with the right skills, you receive the best outcome. ERP software allows you to match skills with machinery on the shop floor.

Conclusion:

Determining whether to implement an ERP application in your automotive business can be difficult in and of itself, and given the high cost associated with it, it is undoubtedly not a decision to be made lightly.

With the right ERP, you can eventually experience significant cost savings, increased productivity, and increased profitability.

Therefore, it is essential that you take into account a variety of factors when selecting the ERP for your business.

Think about your objectives: are they to strengthen customer relationships, improve supply chain management, increase transparency, enhance manufacturing and production processes, or pursue business expansion while limiting unnecessary spending?

All of these objectives can be supported, and then some, by a powerful ERP system like PMTRACK.

Schedule a demo with our team, and they will be happy to explain how it functions and address any questions you may have. PMTRACK ERP provides the Best ERP solution for the automotive manufacturing industry to schedule a free demo, get in touch with our team at info@pmtrackerp.in

ERP for Process Manufacturing The Benefits and Barriers
30Jan-23

ERP for Process Manufacturing:Benefits and Barriers

If your manufacturing company is interested in enterprise resource planning (ERP) software, you’ve come to the right place.We’ve compiled a list of benefits to consider, as well as some common challenges, so you can decide whether now is the time to invest and make the buying process easier.

With this information at your disposal, you’ll be able to find the best-fit process manufacturing ERP software solution by better understanding your company’s requirements.

As process manufacturing ERP specialists, PMTRACK understands first-hand the added value that industry-specific technology provides. Do you want to learn more?

Here are the Top Five Advantages of Using an ERP for Process Manufacturing.

1.Consistent Batch Quality

The availability of a process or formula management feature makes process manufacturing ERPs preferable to generic software. This makes it possible for your company to determine the precise amounts of ingredients required for reliable batch manufacturing, regardless of the measurement systems or order sizes.

Unlike manual method calculations, ERP technology allows you to automatically adjust the volumes and quantities needed, eliminating the risk of human error. This makes it easier to consistently produce and scale batches to the same high standard, reinforcing your reputation as a dependable process manufacturer.

Process manufacturing ERP also allows you to track recipe and formula revisions, ensuring that changes to customer orders are reflected in your manufacturing processes and stored in a central, secure location.

2.Complete Data Visibility

Data is the foundation of strong business performance, as we discussed in our recent whitepaper on the four pillars of future-ready manufacturing. You cannot make coordinated decisions if you lack organizational-wide insights.

Manufacturing in batches ERP software is essential for providing your company with 360-degree visibility. It consolidates data streams into a single reporting system, improving the accuracy of information provided to your workforce and securely delivering it in real-time.

3.Faster Production

Data insight and automation benefit more than just employees; they are critical to improving batch process manufacturing operations.

Investing in a process manufacturing ERP allows you to eliminate time-consuming procedures, redundant processes, and manual methods, all of which increase your production rate.

ERP also enables integration between previously siloed parts of your business, improving manufacturing workflow.

4.Closer Inventory Control

It is not enough to order some components and then reorder them when stocks run low in the process manufacturing sector. The raw materials you’re working with are frequently perishable, which means they must be stored properly and may have a limited shelf life.

With a process manufacturing ERP, you can incorporate these details into how you source, manage, and use ingredients for better inventory control. In the chemical industry, for example, hazardous substances will require specific handling procedures, which will be outlined in a Safety Data Sheet (SDS).

The right process manufacturing ERP software can ensure that your Safety Data Sheets are available online to all members of staff, ensuring that they are handling and storing them correctly. And, for a fully integrated approach to process manufacturing, safety information is available alongside all of your other operational data and processes.

5.Easier Industry Compliance

Safety Data Sheets are one example of the stringent regulations that process manufacturers must adhere to. Whether you work in automotive, chemicals, cosmetics, or food and beverage manufacturing, the ingredients you use will be subject to strict regulations to ensure that your products are safe to use or consume.

ERP for process manufacturing incorporates compliance requirements into production workflows to ensure that every product that leaves your factory meets industry standards. And, if sector regulations change (which they frequently do), you can centrally update data sheets and quality checks to ensure that every team member is working from the most recent legislation.

Here are a Few of the Most Common Challenges and Barriers when Considering an ERP for Process Manufacturing.

ERP Software Has a High Initial Investment:

There’s no getting around the fact that new technology necessitates capital outlay, which will have an impact on your company’s cash flow. While ERP does come at a cost, the resource savings and production improvements you’ll realise result in a significant ROI within the first six months of going live.

It’s also worth noting that manufacturing ERP solutions come in a variety of price points. However, keep in mind that the cheapest option may not always meet your needs and may necessitate additional customizations, incurring additional costs down the road. If you’re looking to save money, consider a cloud-based ERP solution that allows for remote deployment and maintenance, lowering your service costs.

Employees Need to Buy-in and Skill-up:

In a busy process manufacturing environment, pulling staff members away from their regular duties to train them on your new ERP software can be inconvenient. The skills they are learning as a result of technology enablement will ultimately increase their motivation and productivity, it is important to keep in mind. This is especially true if your technology provider guides you through the implementation and training process while imparting suggestions for using their ERP software that are recommended by the industry.

Your Software Could Require Customization

While it may seem like the safest bet and will undoubtedly deliver new capabilities that add business value, the scope of an off-the-shelf, all-purpose ERP solution may be constrained. It’s possible that you’ll need to modify your technology to meet the demands of your industry in order to digitally transform your process manufacturing operation.

As opposed to a generic manufacturing ERP system, a specialised process manufacturing ERP is more affordable because it has already been customised to meet your unique requirements. With a generalist platform, you won’t have access to industry-specific features that would otherwise require custom development.

The best fit for your process manufacturing ERP technology may still require some adjustments, but doing so will be quicker and less expensive than customising broad-based software. Additionally, by deciding on industry-specific technology, you will be working with a provider who is well-versed in your market and capable of making any customization from a position of strong industry knowledge.

Choose PMTRACK ERP for Process Manufacturers

As process manufacturing technology specialists, PMTRACK ERP recognises that many aspects of batch production are unique to your industry and that general ERP software cannot address all of your daily challenges. Which is why we created a process-specific solution for your top priorities?

The PMTRACK ERP for Process Manufacturers is designed to assist you in making data-driven decisions. From increasing accuracy with real-time inventory to ensuring regulatory compliance, we’ve got you covered. As a result, you can use our cloud-ready platform to boost production, increase profit, and reduce your environmental footprint.

PMTRACK ERP provides the Best ERP solution for the manufacturing industry to schedule a free demo, get in touch with our team at info@pmtrackerp.in

Posted By Category: ERP Software
How Does The ERP SYSTEM Support Develop Customer Service
16Dec-22

How Does The ERP System Support To Develop Customer Service?

One of the main reasons to invest in ERP is that it can manage your internal business operations (from accounting and finance to inventory and MRP) in real time from different areas of the company (front office to shop floor), but what about external business operations?

Our primary goal as an ERP solution provider for the make-to-order manufacturer is to keep that manufacturer happy. Isn’t it, however, our customer’s, the manufacturer’s, goal to keep their own customers happy? Without a doubt!

Every business decision is or should be driven by customer satisfaction. So, let’s take a look at how an ERP system with the right features can help our customers, the manufacturer, provide high-quality customer service to their own customers.

Manufacturing ERP software automates all business operations and provides up-to-date real time data.

Successful businesses recognize the importance of using modern technology to streamline business functions. Customers have several options due to the global market and increasing competition. They will seek out another provider if they are dissatisfied with the company’s product or service. As a result, organisations want to ensure that they can provide the best services possible. Many factors influence customer service and experience, and a single department cannot manage it.

Companies must ensure that their prices remain competitive while providing high-quality services to their customers. Modern Enterprise Resource Planning (ERP) solutions can assist the company in lowering costs while improving services. A customer service module in ERP software allows a company to handle a variety of processes such as sales orders, billing, invoicing, customer relationship management, and more.

ERP helps improve customer service by:

  • Streamlining backend business processes
  • Matching supply and demand
  • Improving user experience
  • Accessing the information you need to better serve your customers

Let us understand how ERP solutions with a CRM module can help an organisation improve its customer service:

Better Access for Customer Handling

An ERP system integrates an enterprise’s various modules, resulting in a single database for all departments. ERP improves communication between the office and the warehouse. There is no confusion because every user has instant access to data. This ensures that there is no miscommunication with the customer or within the company. With the use of ERP, there are no product discrepancies, and customers receive accurate information.

Customer Information

Keeping a record of customer information is an important function of any business. An ERP system aids in the storage of customer and order data. It automates repetitive tasks in order to improve the customer experience. Customers or clients can access a catalogue of products, inventory levels, and other important information through ERP.

Matching Supply with Demand

Modern ERP solutions track everything and allow you to forecast supply and demand for your goods and services. The manufacturer or supplier can assign priority scores for customers, supply locations, and service level rules based on the needs of the customers.

Keeps Price Competitive

Clients are used to comparing various sellers and providers before making a purchase. ERP is critical for keeping prices competitive because it reduces inventory and manufacturing costs. Price fluctuations caused by order types and sizes can be managed by the ERP system. When a company provides high-quality products and excellent customer service, it attracts an increasing number of customers.

Increases Customer Retention

You’ve probably heard that customers are always right and that they rule the world! Customers, after all, are assets for any business or organisation. If you want to keep them, you must treat them well and provide the best service possible. Understanding a customer’s journey with a business is aided by knowledge of his or her life cycle. ERP users have access to customer and inventory information; businesses can use this information to better communicate with customers.

Improves User Experience

Companies that use an ERP system can provide better service to their customers. This is due to employees having access to the entire customer history. It enables employees to ensure that their best and most loyal customers are rewarded with discounts or special offers. Customers receive accurate order tracking information and shipping notifications as the shipping operation improves.

To achieve their objectives, any business must strive for improved customer relationship management, quality services, and increased sales performance. PMTRACK ERP recognises the importance of Enterprise Resource Planning (ERP) software in any organisation or business. Contact us to gain a comprehensive understanding of the role of an ERP system in customer relationship management. We provide tailored ERP solutions for businesses of all sizes and industries.

Conclusion

There are numerous ways an ERP system can improve the customer experience, including increased productivity and efficiency as well as improved information access. When selecting an ERP system, look for a vendor who prioritizes customer relationship.

Do you have any additional questions about PMTRACK ERP? Please contact us!

PMTRACK ERP provides the Best ERP solution for the manufacturing industry to schedule a free demo, get in touch with our team at info@pmtrackerp.in

Posted By Category: ERP Software
Benefits of Big Data Integration in ERP Software
28Oct-22

Benefits of Big Data Integration in ERP Software

The only software that can handle this volume is ERP software. ERP is where you keep all of your critical business information. ERP makes use of big data to provide unprecedented insight into the performance of your organization.

Big Data has an impact on all of us, whether directly or indirectly. All data cannot be stored and processed. It is impossible to store all data, no matter how advanced and powerful an enterprise’s computing power is. Handling such a large amount of data can cause numerous issues in an enterprise. Depending on the information accessed, these issues can be misleading or irrelevant. Due to increased accuracy issues, this can lead to poor business decisions.

Recognizing Industry 4.0. Companies are under pressure to improve their production and logistic processes as market uncertainty grows and customers demand more personalized products. The keyword is Industry 4.0. It is critical to redesign the entire IT infrastructure. This includes systems for production and logistics planning, control, and execution. The key to process integration is innovative data management combined with Enterprise Resource Planning (ERP) as a central planning instance. The first step is to define Industry 4.0 and its relationship to an organization’s ERP system.

Integration of Big Data with ERP Software

Large companies require ERP software to manage large amounts of data. Data manipulation challenges make managing ERP system data difficult. You can use big data tools to separate data sources and manipulate data as needed.

Integrating big data with ERP can significantly increase the value of ERP software. The data is easily converted into a user-friendly format, and the ERP serves as a database for big data.

Data from various sources, such as social media, software, and machines, has flooded organizations in the information age. The sheer volume of data can be perplexing and leave users unsure of how to deal with it. Big data, when managed properly, has the potential to accelerate decision-making and provide valuable insights to organizations. Integration of ERP software and big data can help organizations manage the increasing volume of data and complex business processes.

The Benefits of Big Data in ERP Software

More accurate forecasting

Businesses rely on ERP software’s artificial intelligence (AI) and predictive analytics functionality to forecast future business performance through a variety of dashboards and advanced reporting functionality. However, this process, known as forecasting, has an impact that extends beyond the software.

According to Gartner, by 2022, 65% of businesses will be using AI-based ERP strategies to gain a competitive advantage. Furthermore, the same study found predictive analytics to be the most likely emerging technology to help them gain a competitive advantage.

Improved scheduling

Similarly, ERP software can analyze more data in less time, providing a deeper, more precise understanding of operational inefficiencies. This enables businesses to more effectively schedule processes and reallocate resources to where they are most needed.

They can also see everything in real-time. Consider a manufacturing plant that relies on production schedules to ensure on-time delivery of goods. Users can review the status of a given job, make adjustments on the fly, and ensure optimal utilization of people and machinery because ERP software integrates data points from across the organization. The marriage of big data and integrated processes is transforming how manufacturers operate.

Supply chain optimization

ERP and big data also collaborate to improve manufacturing supply chains. A thorough and ongoing analysis of manufacturing processes and their numerous interdependent moving parts are required for effective supply chain management. ERP software provides greater visibility into any procedural gaps or inefficiencies that frequently derail production timelines at each stage of the supply chain, from raw material procurement to distribution.

Businesses rely on fleet management and route optimization to efficiently deliver goods and services during the distribution stage. A mobile-compatible ERP can track a vehicle’s exact GPS location while using real-time traffic data to adjust routes and ensure on-time delivery.

More comprehensive customer profiling

In today’s tech-driven environment, businesses must use data-driven insights to meet the unique and ever-changing needs of their customers. Customer relationship management (CRM) software is an excellent solution, but it will not provide businesses with the information they require.

The CRM component of ERP software provides more insight into client-related activity than a standalone CRM can, thanks to its analysis of historical trends and individual purchasing habits. Furthermore, the use of big data and AI-driven technologies in ERP provides more accurate buyer profiles and more effective prospect targeting, allowing businesses to focus only on those prospects that are most likely to convert.

PMTRACK ERP for manufacturing provides total control over your operations. Work orders, schedules, and manufacturing can all be customized. PMTRACK ERP contributes to increased business excellence and profitability. To schedule a free demo, get in touch with our expert at info@pmtrackerp.in

Posted By Category: Big Data
Top 5 ERP features for Electronics Manufacturing
17Oct-22

Top 5 ERP features for Electronics Manufacturing

Electronics manufacturers will benefit most from ERP systems that provide operational excellence, safety, speed, and cost optimization.

As they create ground-breaking technology, meet demands with precision, and do business with their numerous vendors and subcontractors, these factors will never be out of favour with manufacturers of electronics and parts.

Manufacturers of electronics should incorporate lean tools for supply chain optimization. Therefore, ERP systems for manufacturing firms must assist organisations in obtaining accurate, demand-centric, seamless data flow.

  • The vendor list, material billing, orders, and other fundamental manufacturing processes are automated by the ERP system to reduce data handling inefficiencies and production errors. This has a significant impact on raising the calibre of manufactured electronics.
  • Advanced ERP software for the electronics industry works excellently to help businesses address and meet the potential challenges in a quick and effective manner. The system is expected to automate internal communication.
  • ERP for electronics manufacturers must automatically track all weak points and defects, allowing for real-time and seamless data flow throughout the organisation.
  • Electronics manufacturers should use an ERP system that provides real-time visibility across the organisation. This necessitates intuitive tracking of machines, supply chains, manufacturing processes, costs, materials, and so on.

ERP Features for Electronics Manufacturing

Whether you are a low-volume / high-mix electronics equipment manufacturer or a high-volume PCB/PCBA manufacturer, you most likely have some critical requirements in common.

1.Engineering, Product Structures, and Costing

With your complex product structures, the only constant is change. The finished goods and their components – mechanical, electrical, firmware/software, and so on – are routinely revised. You require an ERP system that can support complex product structures with multi-level bills of materials and a strict engineering control process.

Furthermore, in order to support profitable and efficient product design and manufacturing, you must be able to run costing and manufacturing simulations involving alternate components and manufacturing routings.

2.Projects

In ERP, project functionality can be thought of as glue that connects various data and business processes, such as engineering, sales, planning and scheduling, supply chain, warehousing, manufacturing, service, and finance and accounting.

Many engineer-to-order high-tech and electronics manufacturers, particularly those with low volume/high mix, devote significant resources to managing customer-specific orders. It is critical for these companies to manage resources and profitability on a project-by-project basis. Many of the associated activities require project functionality for these businesses to plan, schedule, track, and account for. They can use project invoicing methods (e.g., milestone and percentage of completion billing) and project revenue recognition policies in addition to comparing actual to budgets and estimates on schedule, cost, and profit dimensions.

3.Integrated Inventory management

Inventory management is a critical function that determines the strength of the supply chain as well as the financial strength of the balance sheet. Every organisation strives to keep optimal inventory in order to meet its needs while avoiding excess or deficiency inventory, which can have an impact on financial figures.

Inventory management systems that integrate with ERP systems help you avoid errors and make quick decisions. The ERP system allows for the most efficient inventory stocking methods and helps to improve all internal operations.

Powerful inventory management that seamlessly integrates with everything and tracks every movement of the stocked item. Stock levels are kept up to date in real time so that the sales team never makes a mistake when accepting new orders.

An effective ERP inventory management system reduces overhead and increases efficiency by addressing several common inventory challenges. When inventory management capabilities are added to forecasting, the benefits continue. To protect sensitive electronic components, ERPs provide process visibility.

4.Production planning & resources

The planning module effectively leverages resource usage and production effort. The cloud-based PMTRACK ERP planning module, which is simple to use, can easily track every activity of workers, equipment, products and their components, and relevant resources.

ERP production planning and scheduling take into account all phases and steps relevant to a product. Use our refined planning system designed for electronics and high-tech manufacturing to efficiently schedule input and manage production orders.

Resource planning is defined as a method for planning all resources effectively. It should ideally address operational planning in units, financial planning, and has simulation capability to respond. Converting the production plan or master production schedule into the impact on key resources such as man-hours, machine hours, storage, standard cost dollars, shipping dollars, and inventory levels.

PMTRACK ERP planning software allows you to precisely define your work shifts, including employee leaves and holidays. This gives you an overall view of your available input time based on the defined shifts.

5.Industrial Internet of Things (IoT) and Industry 4.0

Manufacturing execution systems (MES) and production equipment are increasingly being integrated by high-tech and electronics manufacturers’ ERP and EAM (enterprise asset management) software systems. The goal is to create an agile, closed-loop system that can make quick shifts and respond to operating conditions (read our detailed Industry 4.0 guide here and an article on cloud, edge, and fog computing here).

Integration to ERP systems in near real time for material consumption, work order completion, and production schedule changes can help businesses become more operationally responsive. One of our automotive OEM clients, for example, allows customers to configure their cars as they roll down the assembly line! Similarly, tight integration with EAM solutions can assist manufacturers in significantly improving equipment maintenance operations and mitigating the effects of unplanned outages (read our article on predictive maintenance here).

It is critical to consider the functionality of ERP modules for production scheduling, production control, enterprise asset management (EAM), and materials management depending on the functions you want to integrate.

PMTRACK ERP provides the Best ERP solution for the a Electronics manufacturing industry to schedule a free demo, get in touch with our team at info@pmtrackerp.in

20Aug-22

How ERP Software Solves Common Manufacturing Issues

On a daily basis, manufacturing companies face a variety of challenges. While these difficulties differ from one manufacturer to the next, some issues are universal. Adopting new technology, such as enterprise resource planning (ERP) software, is usually advised to deal with such issues more effectively.

According to PMTrack, the use of modern technology helps streamline company processes by increasing employee productivity, lowering costs, and eliminating supply inefficiencies. With the manufacturing industry’s already complex environment, it’s becoming increasingly difficult. Here are some ways ERP systems can help you solve your manufacturing challenges to assist you.

Problem #1: Error in Data Collection

How quickly your company grows is determined by how quickly you can access its data. However, if you are still manually storing data, you are decades behind your competitors. The reason is simple: manual data entry takes time and can be inaccurate due to human error. However, these mistakes and long delays can be costly to your company. So, what is the solution?

Get an ERP that provides you with instant access to key data such as your finances, sales forecasts, inventory levels, and a comprehensive view of your business operations in general at any time. It also provides your employees with the knowledge they need to do their jobs more effectively, improving the overall health of your company.

Problem #2. Lack of Proper Scheduling and Planning

Profit margins in your manufacturing company suffer greatly as a result of poor production planning, the use of ineffective forecasting tools, and a workforce shortage.

As a result, your inventory requirements and production planning will be somewhat speculative. As a result, it interferes with the company’s operational and administrative requirements.

Every manufacturing company must maintain proper planning and scheduling to succeed in today’s highly competitive market. This is why manufacturers require ERP software, which provides complete visibility into inventory and sales forecasting. It can also help you ensure that raw materials, equipment, and personnel are readily available when you want to ramp up production. Furthermore, proper scheduling aids in the alignment of your production schedules with shipments and deliveries.

Problem #3: Inaccurate Reports

Your company requires reports on various aspects of the manufacturing process. Ageing reports are required by inventory managers, for example. The order processing team requires shipping and customer documents. Upper-level management requires an overview of the company to make strategic decisions, so the financial department accounts for inventory and sales data. Each of these functions has its own set of software possibilities. The problem for manufacturing is that these applications all rely on the same data.

Pulling reports that meet the needs of each team takes time and is prone to errors when a manufacturing company stores information in multiple systems. Furthermore, the data between the networks may be duplicated, with one network missing information from the other. After that, the reports must be validated and verified, which takes time.

An ERP centralises all of your data, allowing anyone who needs it to access it quickly. A simple self-service reporting system is included in the system. Users can obtain reports without involving other departments or information technology. Reports for customers or regulators can be generated quickly and easily.

An ERP represents data in a unified system by combining data from multiple departments across the enterprise. To ensure greater accuracy, it is updated with each transaction.

Problem #4: Inventory Control

Inventory control is critical because it ensures that you can meet the needs of your customers by streamlining the supply chain. As a manufacturer, however, this isn’t always the case because you’ll frequently have to deal with the problem of having too little or too much inventory. Given that you have no idea how much inventory is in transit, the warehouse, or anywhere else, this is to be expected. ERP software comes in handy at this point because it allows you to see your inventory throughout the production line.

To ensure optimal inventory control, the ERP assists you in implementing standard inventory management processes and practises. This is accomplished by integrating the system with an inventory control application, which provides a clear picture of inventory counts as well as improved visibility of the entire manufacturing process.

As a result, you will always be informed about details such as safety stock, lead time, reorder points, and approval notifications and alerts.

As a manufacturer, using ERP software helps you avoid undesirable outcomes such as lower inventory-related expenses by maintaining optimal inventory levels at all times. In the long run, this will help you increase your profit margins.

Problem #5: Quality Issues

Any manufacturing company must prioritise quality products above all else. However, if you continue to rely on antiquated methods to ensure quality, you risk compromising quality by making errors in batching, expiration dates, lot recall, and so on. It’s time to automate your quality processes and gain more control over your entire supply chain.

An ERP that assists you with real-time and end-to-end tracking of your inventory, from the time it enters your premises to the time it leaves, is essential. An ERP only monitors inventory characteristics, tests for stability, tracks expiration data, and identifies quarantine resources. As a result, your operational efficiency will improve, and you will have greater control over your company.

Problem #6:Real-time Information

To avoid revenue loss due to incorrect batch ticket fulfilment, real-time data is critical in the production process. Data accuracy on the part of vendors and customers also contributes to manufacturing process efficiency.  

Problem #7: Wastage of Resources

The exact costs of wasted resources and manufacturing delays can be difficult to calculate. This is the last thing a manufacturer wants because it means lower profit margins. You can, fortunately, avoid this problem by implementing ERP software that ensures proper resource utilisation. This system can help you achieve this goal in a number of ways, including:

  • Implement routine inspection, maintenance, and servicing protocols and measures.
  • Describe the circumstances that necessitate the need for maintenance.

With these safeguards in place, the equipment and machinery required to operate at peak performance at all times in order for a manufacturer to succeed will be ensured. Using ERP software also helps to reduce labour-intensive and time-consuming tasks, simplify supply chains, reduce material waste, and reduce damage by optimising equipment use. Furthermore, ERP software allows you to streamline various manufacturing processes, increasing the overall productivity of your manufacturing facility.

Conclusion:

These are just a few examples. Manufacturers face numerous problems in their daily operations that require inspection and repair. ERP systems not only address the aforementioned issues in your manufacturing business, but also assist you in dealing with day-to-day operational issues, streamlining business processes, and gaining a competitive advantage. True, it has a cost, but think of it as an investment and start reaping the benefits right away.

PMTRACK ERP offers the most effective ERP solution for the manufacturing industry. To schedule a free demo, get in touch with our team at info@pmtrackerp.in

Why And When You Should Upgrade Your ERP System
30Jul-22

Why And When You Should Upgrade Your ERP System?

Upgrading an ERP system is a huge undertaking. Contrary to popular belief, we do not recommend an ERP upgrade unless the circumstances require it. We’ve listed the seven most common reasons why businesses upgrade their ERP system, as well as how to tell if it’s time to upgrade your company’s financials or ERP system. We recommend that businesses only consider upgrading if they are experiencing one of these problems.

What exactly is an ERP upgrade?

When we talk about upgrading your ERP System, we’re referring to two distinct types of ERP upgrades:
The first type of upgrade we’ll look at is the literal kind. Assume you’re using version 10 of a software package and want to upgrade to 11.2, the most recent version. It’s the same application and the same vendor; it’s just a different version. These updates, particularly in cloud-based applications, occur frequently and frequently without your knowledge.

The second type of upgrade is when you want to move to a better system, similar to when you move from a house to an apartment or from a Toyota to a Lexus. So, if you are in charge of software systems in your company and believe the time has come to upgrade to a better system that is the type of ERP upgrade we will look at in greater depth here.

Why Should You Upgrade Your ERP System?

Here are seven straightforward reasons why upgrading your ERP system is worthwhile:

1. Systems of Higher Quality

There is no doubt that information systems are rapidly evolving. Software that is ten or even five years old may already be obsolete. The quality of ERP Software is rapidly improving, and we are all looking for the best. The better you’re ERP System, the better you will support your business and be more successful.

2.Improved Performance

When it comes to ERP Software, performance is always an issue. This is due to the fact that performance issues can be complicated. is there a problem with the software? is it a server problem? Are the connections faulty? ERP Software performance issues become more common and problematic over time. Performance can be improved by upgrading to a new and modern ERP Solution and auditing the entire it environment.

3.Improved User Productivity

One of the most important reasons for companies to upgrade their ERP System is to enable their employees to do more in less time. Less time spent on administrative tasks, faster insight into critical data, or simply a more enjoyable job with the new software. All of this leads to happier and more productive employees, which drives your company’s results.

4.Improved Process Productivity

ERP Software facilitates business processes. When you upgrade your system, you examine your business processes critically. Most software vendors will even begin with a diagnostic phase to analyse your process flows and how the software can automate them.

5.Departmental Collaboration Has Improved.

If you are still using multiple software applications across departments, you need an ERP System to streamline processes and provide on-demand access to data stored in a centralised database to your employees.
This data unification enables improved communication throughout the organisation. Your sales team, for example, would be aware of what inventory is being procured; your administration team would be aware of what your service team is doing, and so on. This improved collaboration has resulted in increased efficiency and employee engagement.

6.Integration with Other Software Is Simple.

The most important feature of ERP Systems today is modular software with easy integration capabilities. A modular structure allows you to pick and choose which components are best for your business and leave out those that aren’t. Extensive integration allows you to build a centralized software architecture that can connect and pass data between other systems. This effectively eliminates bottlenecks, shortens communication delays, and improves data accuracy, allowing your business to run more efficiently and with fewer human errors.

7.Cost Savings

Over time, upgrading your ERP System will save you money. When you replace out-dated technology that no longer provides the desired output with new technology, your business processes improve and your productivity rises.
Instead of manually entering data, the new system would allow you to enter information once and store it in a centralised database, making it available in real-time to all departments. it also allows you to automate redundant tasks, allowing you to invest in the workforce for higher-priority tasks.

When to Upgrade Your ERP System?

Now that you understand why you should update your erp system, it’s time to figure out when you should do it. Look for the following signs:

  • You are experiencing business growth, and increasing the capacity of your existing ERP system to accommodate the increased data and users is either impossible or prohibitively expensive.
  • You have outgrown legacy technology, and your rigid software is incapable of supporting new and more efficient business operations.
  • You have out-of-date user interfaces that are difficult to navigate or require additional steps to access data.
  • You are failing to meet the data reporting and analysis speed required to keep up with today’s business.
  • You are implementing a hybrid work model with no mobile device support.

Do You Really Need This Upgrade?
Upgrading your ERP system without first conducting an evaluation could result in a worse outcome than you had hoped for. Begin by determining your business requirements and the need for modernizing your ERP system. We can assist you in analyzing this and guiding you through the ERP implementation process.

PMTRACK ERP provides the best, ERP solution for the manufacturing industry , to schedule a free demo, get in touch with our team at info@pmtrackerp.in

Posted By Category: ERP Software
How ERP Solutions Can Improve Plastic Processing
5Jul-22

How ERP Solutions Can Improve Plastic Processing

How ERP Solutions Can Improve Plastic Processing

Investing in an ERP solution for your plastic processing company may be the best approach to increasing productivity. An ERP system that is properly integrated into your plastic manufacturing company can significantly increase your overall production and sales.

Since its inception, India’s plastics industry has made significant strides. It is now one of the fastest-growing and most diverse industries. It employs approximately 4 million people and has over 30,000 processing units, 85-90 percent of which are small and medium-sized businesses.

As the plastics industry expands, managing operational and financial activities becomes increasingly difficult. The lengthy process includes several steps such as procurement, manufacturing, product distribution, channel management, cash flow, and outstanding payment and receipt aging. Quality control is another critical step, from raw materials to finished goods. ERP software for the plastics industry is one tool that can assist businesses in managing their entire business process.

Ideal ERP software employs a centralized database, allowing different departments to communicate with one another without the need to maintain data in multiple locations.ERP applications are all interconnected and can communicate with one another. The ERP system, in addition to providing simple and cost-effective software, assists plastic manufacturers in remaining statutory compliant. The software helps streamline operations and make better business decisions by providing real-time information. It is also useful in forecasting supply chain inventory in the future, which can help an organization increase its profitability.

PMTrack ERP software is an all-in-one solution tailored to the needs of plastic manufacturing companies. With out-of-the-box functionality, this comprehensive and flexible ERP solution supports industry best practices. It provides stock handling software solutions that are fully integrated, compliant, and easy to deploy. In addition, PMTrack ERP ensures on-time delivery, order accuracy, quality, and pricing.

Every segment of the plastics industry is covered by PMTrack ERP. Manufacturers of auto plastic components such as electric parts, computer peripherals, packaging parts, and auto parts, as well as woven fabric, woven and non-woven sacks and bags, and geosynthetics materials, are among its customers.

Here are the top six advantages of integrating an ERP solution into your plastic processing company:

#1. Reduce production costs

A properly installed ERP system will significantly reduce your plastic manufacturing company’s overall operating costs. Manual, time-consuming processes will be replaced by automated, streamlined processes that guarantee record-breaking production.

Because all processes are automated, the ERP solution reduces labor costs. Furthermore, the system reduces and possibly eliminates error rates, which significantly reduces losses.

It maintains an accurate inventory of all functions and efficiently integrates it with production planning. As a result, excess inventory is eliminated.

Improved visibility into optimization also assists management in making savings wherever possible, such as in warehousing costs.

#2.Processes are automated and streamlined for greater adaptability.

An ERP solution is ideal for increasing productivity by streamlining business processes and driving automation. This ensures that all data is available in a centralized location at all times, with complete visibility of all processes and functionalities.

With data provided by the ERP system, you will be able to account for all developments, designs, inventory, procurement, finance, production, sales, delivery, and more. For example, your plastic design team will be able to monitor production progress and notify the purchasing and finance departments when additional raw materials are required.

#3.Strategic decision making

This system enhances the company’s decision-making capabilities by providing comprehensive insight and visibility into each department and process required to make informed, precise decisions. You will also have access to key performance indicators such as total sales and sales margins.

This information will assist your company in remaining focused on its objectives and making timely internal decisions if necessary. Management can also use this data to improve day-to-day operations and processes.

#4.Respond to market conditions quicker

The plastics industry is expanding at an exponential rate, and new competitors are vying for a piece of the action. The ERP system will provide you with real-time data analysis to assist you in estimating, planning, and responding to changing market demands.

These system-generated reports will assist you in understanding different market demands and capitalizing on your customers’ purchasing trends.

The ERP system significantly reduces forecasting errors and allows you to capitalize on newly available opportunities sooner.

#5.Minimise waste

An ERP solution also allows you to identify and eliminate waste and inefficiencies in your processes. In general, the system works by grouping work together and combining existing similar projects to increase efficiency. This grouping method will reduce the overall waste generated during the plastic manufacturing process.

Consolidating materials and lowering their cost output while minimizing waste production increases your overall production output.

#6.Enhance customer satisfaction 

ERP systems can provide accurate production planning, streamlined process scheduling, and improved inventory control. These processes allow manufacturers to improve their product on-delivery time, which is a critical performance metric.

This is one of the most effective ways to keep your customers happy. ERP system data will always allow you to make real-time decisions and get a more accurate picture of your inventory levels.

Here, PMTRACK ERP can understand what the plastic manufacturing industry requires and we provides always the best for our clients. With our advanced features, we are one of those who provide the best ERP software for Plastic Industry.

PMTRACK ERP provides the best, ERP solution for the a plastic manufacturing industry in India, to schedule a free demo, get in touch with our team at info@pmtrackerp.in

 

Posted By Category: ERP for plastic industry
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