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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
Top 10 ERP Selection Criteria to Consider When Choosing an ERP System
27Jun-22

Top 10 ERP Selection Criteria to Consider When Choosing an ERP System

Top 10 ERP Selection Criteria to Consider When Choosing an ERP System

ERP is a piece of software that all of our businesses rely on to help us achieve our objectives. One of the most crucial choices we will make is choosing the best ERP system for our company. The choice must be sound.

Here are some criteria for choosing an ERP system that you should keep in mind when making your decision.

When thinking about your ERP selection criteria and how these might affect each element, always keep in mind what your business goals are.

ERP Selection Process

It takes work to choose new ERP software. It takes a lot of time and calls for both internal and external collaboration. Check out our list of the top 10 ERP selection criteria below if your company is considering implementing ERP. It will help you decide which ERP system to choose.

ERP Software

What is enterprise resource planning software, before we get into the selection process for ERP? Accounting and operations-focused business management software, or ERP, enables organizations to manage business processes through a single system. For expanding companies that want to keep and strengthen their competitive edge, ERP software has emerged as the top option.

Top 10 key ERP selection criteria:

  • The Functional Fit For Your Organization
  • Industry Experience
  • Upper Management Support
  • Integration With Existing Systems
  • Budget And Resources
  • The Technology
  • Total Cost Of Ownership And ROI
  • Evaluate And Select Options
  • Post Go Live

ERP selection criteria #1:The Functional Fit for Your Organization

Although it might seem simple, the most crucial (and time-consuming) step in the ERP selection process is determining how the functionality of software products and services fits with your company. Examining ERP software, viewing ERP demos, and meeting with solution consultants are all steps in determining the best functional fit. Internal work is also a part of it. Facilitating internal discussions to identify your business requirements for ERP and identify the functional areas to focus on is one of the most beneficial things you can do during a selection project. Important inquiries like these can help direct the conversation:

  • What about your current system is outdated? Why do you want to switch to a new ERP?
  • What complements your current business systems well?
  • What manual procedures might you be able to automate?
  • What areas of the business lack visibility or struggle to produce accurate business reporting?
  • What additional systems need to be connected to the ERP?

ERP selection criteria #2: IndustryExperience

What ERP software is used in your industry is a good question to ask when choosing an ERP. Even though they are not always industry-specific, some ERP solutions are tuned to work best in sectors like manufacturing and distribution. This crucial query can aid in reducing the number of ERP programmes you consider. Industry is a consideration for both your implementation partner and your software vendor (Oracle, Microsoft, Infor, NetSuite, etc.). It is crucial to know whether the vendor and the implementation partner have had success in your sector.

ERP selection criteria #3: user support

Users of the new ERP will come from every functional area. Make sure their wants and needs are reflected in the list of requirements to win their support. These users will benefit greatly from the success of your ERP implementation, regardless of where they are employed. Inform those users that they will receive the assistance, training, and tools they require to use the ERP and generate value for themselves as well as the entire organisation.Make sure they are aware of the support available to them as they adjust to the necessary changes. They will assist you in using and gaining from your new ERP in exchange for this. Ensure that the documentation users will require is accessible whenever and wherever they need it, and that it is of a calibre to meet their needs.

ERP selection criteria #4: upper management support

This may seem like a no-brainer standard. Too frequently, its significance is not acknowledged. Even if one chooses the ideal ERP for their business, the project will probably fail without the support of upper management. Support involves more than just obtaining funding. Your management should actively demonstrate its support. The manager can stifle progress by offering ambivalent support when a resource from another department is required. You want to feel confident that the manager genuinely supports the ERP even if there is a short-term cost at the time of the decision to support the new ERP or use the existing system.

ERP selection criteria #5: integration with existing systems

The majority of businesses that are choosing an ERP have other systems that serve their needs just fine, so they are not interested in changing other systems in addition to their ERP. How will those systems integrate with ERP is the next question to be asked. There are almost always common data elements. Can ERP access and read the data already present in that other system? Will you permit the same data to exist and how will you maintain compatibility between those independently updated data elements? Will changing the other system to use that ERP data better serve your needs?

With this ERP, what integration tools are included? For sporadic data updates, it should have a simple integration, like.csv files. That kind of update is ineffective and probably moves too slowly for regular use. A more contemporary method of operation is to use XML files and web services to quickly transfer data between systems.

ERP selection criteria #6: budget and resources

What financial resources are there for an ERP system? If you only have $10, your selection criteria must be extremely stringent. According to a 2021 Software Path report, you can anticipate spending around $9,000 per user of your system on average. This is a significant investment and serves as a reminder that choosing an ERP system is a long-term decision. Budgetary considerations include on-going ERP maintenance and support as well as infrastructure-related costs because the majority of ERP systems will be in use for ten years or more. Your decision today will fix costs in upcoming spending plans.

ERP selection criteria #7:The Technology

Other technological factors, in addition to software functionality, are crucial to the ERP selection process. At the very least, top-notch ERP software has the following technological features:

  • Information is easier to access and includes end-user reporting tools; no programming knowledge is required.
  • Simplicity in UI and UX
  • Business Intelligence
  • Data security
  • Trustable system response and performance, and minimal downtime
  • Integration with other systems capability
  • Ability to make necessary customizations

ERP selection criteria #8: ROI and total cost of ownership

Total up all the additional expenses this ERP will cause you to have. The initial purchase price and some initial consulting costs will be involved. Your servers and networks might require immediate updates. While your employees are implementing ERP, you will have to pay for training and temporary staff. While using the ERP, you will incur annual support and maintenance costs.

You will gain from decreases in the cost of performing work at the same time. Because you can now offer your customers services and products that were previously impossible thanks to this ERP, you might see an increase in revenue.

Calculate your return on investment by distributing the costs and benefits over time. Before making an investment, the majority of businesses require a minimum return. Make sure the ROI for this ERP meets your company’s requirements.

ERP selection criteria #9: evaluate and select options

Today, there are other options besides the conventional ERP system, which runs on an on-premises server and is supported by an internal IT staff. Many businesses opt for an ERP that utilises a SaaS framework and runs in the cloud. In lieu of monthly “rental” payments that include the software and the majority of support requirements, the initial investment is reduced.

You can choose a hybrid strategy in which your company owns the ERP but uses shared servers to run it in the cloud.

Open source software is also used widely today in the development of ERP systems. These gain from the software being free or extremely inexpensive to purchase. Since you have access to open-source source’s code, you can completely customise it. Open source ERP is constantly being updated by users, who also report and fix bugs. There is no need to wait for a development company to release a new revision because those improvements are available to all users right away.

ERP selection criteria #10: Post Go Live

Planning beyond go-live will position you for the maximum return on your ERP investment, whether it involves creating an internal support team or finding an external partner (often, your ERP implementation partner will also offer managed support services).

Four Key Ways ERP Software Supports Change Management
9Jun-22

Four Key Ways ERP Software Supports Change Management

Fear of transformation is simply a fear of navigating the adjustment. Successful change management makes the difference between a good plan and a fantastic transition. Management of transition – and change itself – is almost impossible without an ERP all-in-one infrastructure already in place. An organization that relies on a few dispersed legacy computing systems lacks agile internal contact networks. Knowledge will be lost, introducing new business procedures will be time-consuming, and improvements will be replicated into oblivion.

Workplaces are constantly evolving as businesses go digital. Changes are being implemented at all levels, including processes, technologies, and people strategies. Legacy processes are being phased out in order to make the best use of available resources and infrastructure. Such initiatives, however, frequently result in extensive internal process changes that are not always easy to manage.

Change management encompasses all of the steps that businesses take to prepare for and support a business change. These include the various methodologies used to optimise resources, allocated budgets, and existing project operations. However, change management encompasses more than just projects and processes; it also includes employees and how their roles are affected. You must prepare, support, and equip your staff to implement the proposed changes, or they will face widespread opposition.

However, if you use an enterprise resource planning (ERP) system, your change management initiatives will go much more smoothly. Businesses that use ERP software have agile data sharing, which is required for change management. These types of businesses are better prepared to deal with data access and loss challenges during any internal change or transformation. In this article, we’ll look at four ways that ERP software can help with change management.

Making Informed Changes

ERP applications that use dynamic reporting methods demonstrate the need for improvement. Access to business intelligence reports that cover all divisions’ operations will reveal opportunities for process optimization and obligation redistribution. If your company lacks centralised business management software, these opportunities for reform will emerge only when your profitability is jeopardised.

The ERP software changes your company implements will be strategic and supported by detailed business intelligence. Efforts to shift management led by knowledgeable managers would be more likely to succeed than those motivated by a desperate desire to protect the company.

Access to Information

A business case for a change initiative is always supported by data. Businesses that prepare well by collecting, storing, and providing accurate data to all stakeholders are best positioned to successfully implement a change initiative.

How does ERP software help?

All ERP applications share a single database that supports multiple functions. Instead of having separate databases for each department, businesses now have access to a single data source, resulting in increased visibility and streamlined changes across departments. This also allows change agents—team leaders or managers in charge of process changes—to make more informed decisions.

ERP dashboards use color-coded bar charts and graphs to provide visual descriptions of key business/department metrics. To successfully track and measure change processes, it is critical that all employees have access to data metrics. Real-time data improves situational awareness, ensuring that your organization’s leadership and employees always have access to accurate, up-to-date information.

Communication

Another important aspect of change management is communication. Clear communication of a change’s intent and implications is critical to the success of change management initiatives. It’s natural for employees to be confused about how future process changes will affect their current roles and responsibilities if they don’t fully understand them. Employees should also be able to communicate openly with change agents if they have any concerns.

How does ERP software help?

ERP software provides a centralized database that is not limited to a single executive or department. Everyone has access to this data, and all communication can be traced back to a single database. Every department can see the entire system in action and understand their exact position and role within it.

ERP software also ensures that messages are shared consistently across departments such as sales, customer service, production, operations, shipping, and accounting. This ensures that cross-departmental tasks are streamlined and that all business units communicate effectively during change initiatives.

Data Protection

The greatest risk during any process change or internal transformation is data loss, and the majority of this data loss is due to human error. There is also the possibility of sensitive data being duplicated or mistranslated during internal transitions.

How does ERP software help?

Only authorized personnel can change or update data in ERP software. Access controls can be defined by businesses based on user roles. Only authorized users can create, update, and close change tasks assigned to different employees in change processes. In addition, the software keeps detailed audit logs to track what made what changes to the existing data. This ensures complete visibility and the security of business data at all times.

Conclusion

Implementing change management initiatives successfully requires collaboration, and with ERP software, you can streamline process changes with minimal impact on productivity.

To better manage change processes, as discussed in this article, take a few concrete steps, such as connecting all of your data sources to ERP software, involving your staff members to ensure consistent communication, and implementing access control for sensitive data. These steps will ensure that your company and its employees have a positive experience with change management.

PM TRACK ERP provides the best ERP solution for the manufacturing industry all over India, to schedule a free demo, get in touch with our team.

9 Ways an ERP Solution Improves Supply Chain Operations
30May-22

9 Ways an ERP Solution Improves Supply Chain Operations

Plastic products are always in high demand, and these industries must deliver large quantities of their products. Maintaining heavy machinery,

The distribution and manufacturing industries are constantly being disrupted by digital transformation, putting pressure on organizations to find advanced solutions in order to stay on top of their daily business processes and ahead of their competition. Predictive analytics and the Internet of Things (IoT) have transformed how businesses manage their supply chains And the changes are just getting started.

Supply chain management is critical to an organization’s overall success. Many manufacturers, for example, rely on vendors to provide them with the right type and number of resources at the right time to keep production moving along as planned. However, according to a recent State of Manufacturing report, “97 percent of respondents report that supply chain management consumes a significant amount of employee time.” That being said, if not managed efficiently, supply chain management can be a time-consuming process – just consider the reduced productivity, cause of delays, impacted quality, and unnecessary expenses and profit losses.

Let’s take a step back and consider your organization. Where do you see your company in a year’s time?

Are you benefiting from increased revenue and efficiency as a result of a cutting-edge supply chain, or are you struggling to make ends meet with legacy systems? This is where modern Enterprise Resource Planning (ERP) software can take your company to the next level – by simplifying and optimizing your supply chain management processes for smoother and more profitable outcomes.

Here are nine ways an ERP solution improves supply chain operations:

  • Automate Purchasing Process

Keeping a close eye on inventory is critical to avoiding excess or shrinkage, but this monitoring takes time. Advanced ERP systems with supply chain management capabilities can automate this process. When inventory levels fall below a certain threshold, the user is notified. This allows you to stay informed about the need to replenish stock and place orders with vendors accordingly.

  • Greater Data Insight      

The health of a supply chain is heavily reliant on timely and accurate information. A modern ERP system can store a massive amount of real-time data about inventory, purchasing, selling, financial accounting, employees, and other core business functions. The software also provides users with continuous access to reports, resulting in greater insight into the operations and making supply-demand management much easier.

  • Streamline Core Functions

ERP software is comprehensive management software that integrates and manages various business operations in a supply chain, such as HR, finance, management, and sales, through a single system. This reduces manual paperwork and improves data visibility across the enterprise. Furthermore, the system enables automation, significantly reducing processing and administration-related wait times in the supply chain.

  • Establish Process Standardization

A standardized process is essential for the success of any supply chain strategy. An ERP solution aids in the development of this consistency across teams in single and multiple locations. This improves overall system efficiency, process accuracy and teamwork, and reduces errors caused by miscommunication.

  • Increase Transparency

Implementing an ERP solution provides management with a consolidated view of all aspects of supply chain operations. It provides accurate, relevant, and up-to-date information about a shipment in transit, where it is, and when it will arrive at the warehouse. Additionally, employees in the stores and warehouses can have role-based access to this knowledge, ensuring that consistent and accurate information is shared with all relevant people throughout the organization.

  • Real-Time Inventory Management

Inventory is an essential component of any supply chain setup. Proper management of it can reduce costs while increasing the business’s turnover.

Inventory is traditionally captured using spreadsheets and hand-checked lists. This falls short in terms of providing error-free tracking and up-to-date data. Modern ERP software, on the other hand, includes features that allow for real-time visibility of exact inventory levels. As a result, the supply chain operates at peak efficiency, with lower overhead costs and fewer order fulfillment communication errors.

  • Decrease Delay

An ERP system is a centralized repository for all information. As a result, the tool provides businesses with greater data transparency and enables them to efficiently allocate resources such as material, personnel, and machines early in the planning process. It allows for better coordinated and executed activities, resulting in on-time delivery throughout the supply chain.

  • Raise Cost Awareness

Variable costs occur at every stage of the supply chain. Intelligent ERP systems can generate more realistic cost projections by leveraging supply and demand data. This raises cost awareness among managers, allowing them to identify and reduce uncontrollable factors that incur additional expenses, optimise processes, and reduce operational costs.

  • Upgrade Returns Management

Supply chain processes dealing with returned goods and backorder processing are just as important for logistics companies as shipping products to customers. Returns management is simplified by effective ERP solutions. They enable businesses to have better control over returned products by redoing each process, such as inspection, quality control, packaging, and shelving. A better return management system can help businesses reduce waste and improve backorder processing consistency.

You should now understand how an ERP system can help your supply chain operations. PMTRACK ERP ERP offers ground-breaking features and unrivalled mobility. Click here to schedule a demo or consultation to learn more about how these work.

Posted By Category: ERP Software, PMTRACK ERP
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