ERP Software Archives - Page 2 of 3

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 adminCategory: 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 adminCategory: ERP Software

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 adminCategory: ERP Software

27Jun-22

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).

Posted By adminCategory: ERP Software, ERP software for manufacturing, PMTRACK ERP

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.

Posted By adminCategory: ERP Software, ERP software for manufacturing

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 adminCategory: ERP Software, PMTRACK ERP

18May-22

The Top 10 Industries That Should Implement ERP Software

Enterprise Resource Planning (ERP) has a lot of potential for helping businesses improve their performance and streamline their operations. It organises the company’s data and aids in day-to-day operations management. It’s similar to juggling macro and micro plans.

An ERP system can provide a variety of operational, strategic, and organisational advantages. Many ERP software companies in Pune are thriving due to their ability to assist a variety of businesses. Let’s take a look at how it can benefit a business.

Why ERP for Industries?

ERP is a central business framework that is fuelled by market characteristics like widespread digital acceptance, booming global trade, and large volumes of data that must be monitored, maintained, and analysed. Industries can benefit from enhanced business reporting, improved inventory costs, increased cash flow, cost savings, and improved customer service by implementing ERP systems. The massive success of ERP software across various industries demonstrates the global demand.

Take a look at the Best 10 Industries where an ERP System is critical:

1.ERP FOR MANUFACTURING

Because the manufacturing industry is so dynamic and competitive, it’s critical for businesses to have an integrated solution that can boost productivity, lower costs, and boost revenue and profitability. Allow the company to make precise, well-informed, and strategic decisions, above all.

The following are some of the benefits of manufacturing ERP software:

ERP in the manufacturing industry has potential patterns of 50 percent quick usage, 46 percent increased functionality, and 43 percent total cost of ownership (TCO).
66 percent of organisations have experienced operational disruptions during ERP implementation.
The top three reasons for ERP programme implementation are: First, increasing the company’s efficiency (64 per cent). Second, for the company’s growth (57%) and third, for the reduction of working capital (57 per cent).

2.ERP FOR EDUCATION

The replacement of older legacy systems with a unified ERP results in a rapid and quantifiable change in the administration process. The programme offers a variety of resources to help modernise the campus, as well as improve student enrolment practises, lecture sessions, classes, the library, and customer service.

The educational ERP system automates and streamlines all processes within the university’s boundaries to greatly improve the efficiency of allocating and operating academic resources.

3.ERP FOR HEALTHCARE

ERP for healthcare is a technical programme made up of modules that track data and facilitate collaboration between departments within a company. Employees are able to work more efficiently as a result, improving performance and productivity. Furthermore, using hospital management ERP systems improves the speed with which health care services are delivered both internally and externally

4.ERP FOR RETAIL

Retail is nowadays one of the fastest-growing industries on the planet. However, as the market grows, so do the difficulties in managing it. The retail sector is made up of many sub-sectors, all of which must be managed effectively in order to maintain or increase profits. Fortunately, retail ERP may be the answer for the retail industry.

5.ERP FOR CONSTRUCTION

Construction ERP software is a business solution that provides effective analytics by combining data from various construction processes such as accounting/financial management, contract management, equipment/inventory management, human resource management, Customer Relationship Management (CRM), scheduling, and submissions.

6.ERP FOR GOVERNMENT SECTOR

Any useful ERP platform must include comprehensive accounting, warehousing, inventory, and logistical components. However, the implementation of more specialised criteria in ERP in the government sector improves these essential elements for a private sector ERP.

7.ERP FOR AUTOMOTIVE INDUSTRY

Automotive ERP offers a broad range of strong and agile business management skills that can effectively handle and integrate each department of an organisation to ensure smooth information flow. Automotive ERP enables workers to work with confidence while reducing errors, allowing them to meet project deadlines and complete jobs in a systematic manner.

8.ERP FOR FOOD INDUSTRY

The food processing industry is one of the largest sectors in terms of demand, output, and export of food products, and it plays an important role in the economy’s growth. Vegetables, fruits, milk products, mineral water, cocoa products, and other products such as alcoholic beverages, fisheries plantations, meat and poultry are all part of India’s food processing industry.

Benefits of ERP for food industry are–

Better quality control at various stages of the manufacturing process.
It can handle supplier details from start to finish.
It can increase production productivity while lowering costs.
Improving supply chain management methods.
Meet new specifications and roles to meet the organization’s needs.
Accounting can handle a wide range of sales and transactions.

9.ERP FOR OIL AND GAS

India is the world’s third-largest oil and gas consumer, accounting for more than a third of the country’s total energy consumption. As a result, the risks associated with multi-geographic locations are certain to cost any oil and gas company money.

Advantages of ERP for Oil and Gas are:

Property control
Content and inventory control
Document handling
Data control
Real-time visibility into main processes
Process quality improvement

10.ERP FOR REAL ESTATE

In simple terms, with the aid of the latest technologies, ERP software incorporates, streamlines, and automates all business processes such as sales, HR, procurement, inventory, etc.It provides useful and relevant information with the goal of increasing revenue and lowering operating costs.

CONCLUSION

Many ERP projects today are far more competitive than they were previously. With the vast array of cloud software available today. Along with the previously mentioned ERP software benefits, ERP is undeniably important.

Tasks benefiting from ERP system include–

Sales forecasting, which allows inventory optimization?
The collection of relevant data to provide a chronological history of every transaction in every field of service.
Order tracking from acceptance to fulfilment
Managing revenue from invoice to cash receipt
Matching sales orders, inventory receipts, and costs (what the vendor invoiced)

You must leverage your operating system in order to expand your business. PMTRACK ERP, a Pune-based ERP software company, offers ERP solutions for a variety of businesses and industries. Our systems are built on cutting-edge technological solutions to give you an advantage in your business.

Contact our team for ERP related queries.

Posted By adminCategory: ERP Software

9Apr-22

Supply Chain Management Software & ERP Solution

What is the correlation between Supply Chain Management Software & ERP Solutions?

SCM (Supply Chain Management) is an important role for any company, regardless of size. It focuses on obtaining raw materials, producing finished products, monitoring quality control, and ensuring that the product is delivered to the end customer within the time limit stipulated. Enterprise Resource Planning (ERP) software is required by SCM organizations to ensure that all operations function smoothly and efficiently. It also cuts down on resource waste, guarantees that product dimensions are correct, and ensures that sensitive financial data is promptly accessible to all departments.

Core capabilities of Supply Chain Management ERP software

1. Fully integrated into the ERP system

By providing essential business data in real-time with all stakeholders, everyone will have a single perspective.

It’s straightforward to integrate the SCM module with your ERP system.
It gives each department a consistent picture of your company.
You won’t have to pay individually for third-party integrations.
Any connected device can upload crucial business data in real-time at any time.
An embedded SCM system adds features like centralized procurement and client order sources to the mix.

2. Simplified order and returns management

With the ERP software’s supply chain management module’s complete multi-site capacity feature, ensure the best customer experience by reducing reaction time and lowering expenses. Furthermore, by permitting a wide range of logistic conditions, this module will enable data connectivity and traceability.

Order returns are easier with centralized return capabilities. You can return things regardless of when they were delivered or from whatever corporate website they were purchased.
Change management and validation ensure that all entities have a single view across all sites and locations.
Automated rule-based sourcing, supplier site availability, CTP (Capable to Promise), and multi-site ATP (Available to Promise) capabilities are all part of a reliable order acceptance method.

3. Supply chain management software benefits

The complex delivery processing, put-away, and pick-up capabilities of supply chain management software meet the needs of customers. Other advantages include

To minimize time moving between storage bins, define warehouse routes, wave picking, and storage zones for rule-based put away.
Set up mobile scanning systems to save time and resources by reducing human error. Furthermore, warehouse data collection, an advanced SCM tool, enhances accuracy and speed by selecting client orders using barcodes.
For shelf life, complete up-and-down traceability, and management of expiration dates, creates serial and batch numbers.
To keep critical things close at hand, use frequency and slotting-based put away to increase warehouse space.
Ensure proper delivery processing by automating cargo procedures and model departure timetables.

4. Forecasting and planning

The supply chain management module contains key planning and forecasting skills that assist businesses in improving customer service, lowering administrative costs, and increasing ROI. It will also help you with:

Effective inventory planning and replenishment. This skill allows you to respond quickly and effectively to changing market trends and customer preferences.
Improve your predicting skills by using a range of statistical forecasting models, such as Bayesian, Best Fit, Brown’s level, and others. This function will help you obtain the correct amount of raw materials and produce the desired number of finished products on time.
Manage a vast number of parts, materials, and finished products accurately and efficiently. Manual parameters such as service level can be created, and parts can be grouped by lifetime stage and frequency.

5. Built for the demands of the future

By utilizing the supply chain management module to reuse, reduce, and recycle things, you may contribute to the circular economy. In this way, waste can be reduced across the supply chain. Other benefits include:

Check to see if your business practices are ecologically friendly, and keep track of your environmental impact. It is more sustainable for a corporation to operate in closed material cycles.

The SCM module’s capabilities include return material handling, condition codes, lot batch tracking, serial tracking, and configured parts, to name a few. Working in closed material cycles ensures your business’s sustainability.

Posted By adminCategory: ERP Software

27Aug-21

6 Major ERP Trends For 2021

From back-end activities like accounting, HR, procurement, and manufacturing to front-office procedures like sales force automation (SFA), marketing automation, and eCommerce, enterprise resource planning (ERP) solutions have evolved and expanded their scope to serve most company functions. Businesses use ERP to not only save money by removing redundant procedures and automating mundane operations but also to give employees access to crucial data so they can make better decisions faster.

ERP systems are evolving to embrace new technology and serve a greater range of operations as organizations rely more heavily on them to manage their businesses.

Six major trends to watch in 2021 and beyond will be discussed in this blog.

1. Cloud implementation

In the year 2021, cloud ERP would be a huge attraction. Cloud-based ERP software has been available for a while, and cloud-based installation models aren’t new. In 2021, however, cloud-based ERP use is expected to rise.

Traditionally, ERP software can only be acquired as an on-premise solution, which was extremely expensive for small and medium businesses due to high starting and hardware costs. ERP users were also wary of putting their company’s data in the cloud. More companies are now entering the cloud-hosting market, enhancing cloud computing technologies and bringing ERP solutions to small and mid-sized businesses (SMBs). More companies are moving their data to the cloud in order to maintain and update their systems for less money. As a result of their performance, SaaS solutions will dominate the ERP market.

2. Two-Tier ERP

The market is currently undergoing globalization with localization. Businesses are continuing to expand their wings in the international market, but they still want to delve deep into their home markets. The two-tier ERP approach focuses on tailoring the ERP technology to satisfy global and local needs. ERP meets the requirements of both large and small businesses.

Many businesses have traditionally attempted to implement a single ERP system for their headquarters, regional offices, and affiliates. However, in fact, that strategy was frequently costly and difficult to adopt; subsidiaries frequently had unique requirements that did not necessitate the entire functionality of corporate systems, and they battled with a one-size-fits-all solution. As a result, one of the most popular ERP trends in 2021 is predicted to be a two-tier ERP.

3. Artificial Intelligence or AI integration

AI integration is a popular trend in many industries, and it has long been a hot topic in the ERP industry. Companies must gather a large amount of unstructured and complex data. Artificial intelligence aids in the analysis of data in order to make optimal use of it.

Intelligent ERP, often known as ERP, is artificial intelligence-enabled business management software that can evaluate historical data and information from many departments to build more efficient workflows, make better decisions, reduce errors, and automate hours of repetitive operations. ERP is a game-changer in terms of enhancing business reliability and competitiveness.

4. Digital Transformation

Integrating digital technology into all corporate tasks to improve day-to-day operations is referred to as digital transformation. This strategy can typically increase revenue and competitiveness while also enhancing employee productivity and customer service and communication.

Because an ERP system affects almost every aspect of a business, it’s a good place to start. According to Accenture’s 2020 ERP Trends report, three-quarters of UK businesses are utilizing cloud ERP to modernize their operations. Several of the trends discussed below, including ERP integration with IoT devices and AI and advanced analytics adoption, can be considered part of this digital transformation.

5. Personalization

Historically, ERP platforms with complicated scripting languages were difficult to tailor to each company’s unique requirements. Cloud ERP platforms built for easier deployment, or what analysts refer to as “low-code” platforms, are now available to enterprises. A rising number of ERP solutions are being developed to meet the needs of certain sectors.

Companies require ERP systems that can handle these needs with capabilities like highly customized dashboards as they focus on offering more personalized, relevant experiences to customers. Chatbots, which can read user voice or text, input and react to inquiries using customer and order information contained in the ERP, is one new trend.

6. Mobile ERP

ERP providers have long provided mobile support, and mobile apps are becoming the norm. Employees can do both back-end and front-end duties wherever they are, from the warehouse floor to a retail checkout terminal to an airport, thanks to the evolution of ERP solutions that give on-the-go access to important company data. Mobile ERP can also let scattered workforces in different places collaborate.

Mobile ERP apps with a user-friendly interface can assist users in getting work done when they are not in front of a computer. Employees can use their phones to complete tasks such as expense reporting, call logging, and time tracking, as well as check the status of critical workflows or approvals. Mobile ERP provides real-time data and insights, as well as overall benefits such as always-on remote access, improved productivity, faster and more accurate data capture, and increased agility.

What Is PMTRACK ERP

PMTRACK ERP is a comprehensive enterprise solution with numerous features. This ERP framework optimizes business processes, roles, and actions in cloud-based platforms, allowing businesses to respond quickly and efficiently to changing business needs. Businesses can quickly incorporate and expand their operations to new locations with the help of PMTRACK ERP, increasing their sales.

1. Process effectiveness in Organizational actions

PMTRACK ERP integrates disparate business activities. Order management, satisfaction, invoicing, cash collection, cost approvals, and financial consolidations just are a few examples of commercial processes which can be improved. As a result, organizational operations have become more effective.

2. Real-Time Data Access

Higher integration capabilities, faster response to customer needs, immediate updating, and increased connectivity are just a few of the benefits of real-time data access. All of this is possible with a PMTRACK ERP application for a company’s operations.

3. Enhanced Information Sharing

ERP software facilitates the effective transfer of relevant data across all departments in order to increase business operations and simplify operations. Because a PMTRACK ERP System is easily accessible via the internet, any authorized employee can connect to the system at any time and from any location to get the most up-to-date information.

4. Extend the Process to Customers, Suppliers, and Partners

A business is divided into divisions, each with its own set of operating procedures. These business operations are planned in advance in PMTRACK ERP. PMTRACK ERP integration boosts responsiveness and speeds up process cycles, resulting in a more efficient workflow.

5. Boost Data Security

The PMTRACK ERP software employs several layers of encryption to ensure the security of critical data. Personal accounts can be accessed by any employee and are managed by an admin panel.

What’s next? The Future of ERP

Organizations will likely accelerate their move to cloud ERP once they realize that moving ERP and its related modules to the cloud makes it far easier to achieve the speed and agility required to succeed in today’s marketplace. Companies who already invested in cloud ERP will explore new methods to maximize the benefits of the cloud.

When organizations realize that moving ERP and its related modules to the cloud makes it far easier to achieve the speed and agility required succeeding in today’s marketplace, they will likely accelerate their move to cloud ERP. Companies that have already invested in cloud ERP will look for new ways to take advantage of the cloud’s capabilities.

Another trend to watch is the continuous expansion of ERP supply chain management capabilities, which will enable organizations to protect themselves from supply chain disruptions or rapid changes in the global economic climate.

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 at info@cloud9technologies.in

Posted By adminCategory: ERP Software

6Jan-21

ERP Solution Features for the Automotive Industry

The automotive manufacturing and provide industry is in a situation of change, with OEM and parts specialists stressed to live in an international environment that’s ever more suit more aggressive. Online contact may have improved the get to
of this company, but it has also put damage on their skill to stay up with require and level their operation.

ERP solution for the automotive industry is a capable tool for running the wants of the automotive industry. They can help you map and manage your process, keep stock, assist with examination, create accurate reports, etc. ensure reliability in your processes.

Though, the ability of ERP software to get any business to the top depends ahead on the humor and impending of its user. ERP software can do wonders, even as a quick head can just carry still a superior company to its end, adding up one more crash to ERP implementation. Whether you are an SME looking to extent operations, or a large company pushing improvement after improvement, efficient operations are still the key to maximizing profitability.

It’s no shock then that Enterprise Resource Planning (ERP) systems are successful in the automotive sector. Manufacturers and suppliers validate their ERP acquisitions predicated on the following factors:
* Initial investment
* Ongoing operating expenses
* Return on asset
So let’s look at a major ERP solution features that are mainly useful to automotive manufacturers and suppliers

#FEATURE 1: INTEGRATION BY MANUFACTURING PROCESSES

Manufacturing support is not accurately a new characteristic in an ERP system, and neither is it the sexiest. It is, though, serious for selection automotive Industry synchronizes their industrialized and supply processes.
• The profit of an industrialized unit in your ERP system contains:
• Inventory managing planned to decrease costs
• expedite manufacturing cycle
• Inventory information to path business-critical information
• objective situation by reformation the manufacturing procedure

#FEATURE 2: MOBILE COMPATIBILITY

A manufacturing firm in the automotive sector is looking for conduct to improve employee efficiency by providing staff members the ability to access business information throughout their mobile devices.
This style is not lost in the automotive ERP space and this builds is still more very important to wish an ERP solution that allows your organization to admission the file and business procedure dashboard distantly.

#FEATURE 3: SUPPLY CHAIN MANAGEMENT

Industry-leading ERP solutions can be built-in into your organization’s complete operation, agree to quality management features to organize and check your supply chain in its total. The capacity to keep up a close eye on command, product supply, logistics, and supply in real-time can assist your company go from creature common to wonderfully proficient and winning.

#FEATURE 4: CUSTOMER RELATIONSHIP MANAGEMENT

The customer relationship management (CRM) module will help put all this information under one recognized top. More importantly, a CRM module allows different teams in different departments— like sales, marketing, and customer service support—to contact this information, allow your organization to deal with the requirements, preference, and purchase behavior of your clientele.

#FEATURE 5: FINANCIAL MODULES

An ERP finance module gathers financial data and turns them into reports as well as quarterly financial statements, ledgers, profit tracking, and balance sheets.
The finance element is typically the first component activates in an ERP system and the cause organizations put back their separate accounting software with ERP. Integrate the finances of the diverse business functions helps make sure accounting accuracy, which is important in meeting economic regulations and reporting necessities that have full-grown tougher in current years.
ERP finance module features
Following are the key features of an ERP finance module:
• turnover tracking
• universal ledger
• Accounts payable
• Accounts receivable
• Fixed asset managing
• Risk managing
• Reporting
• Tax managing

#FEATURE 6: IMPROVED INVENTORY MANAGEMENT

ERP inventory managing, small for enterprise resource planning inventory management, refers to an included approach to business planning and operation, in which business can direct all their finances, operations, and inventory in a single position.
Features of an ERP inventory management system
• Stock management
• Sales order management
• Warehouse management
• Payment gateway functionality
• Integrations with accounting, shipping, and other operational tools
• Intelligence reports and analytics

#FEATURE 7: FAST AND SIMPLE INTEGRATION

ERP models require being effectively included with other functions main for the company, such as
Industrialized & supplying chain. You don’t have to wait for time to begin to benefit from your asset.
Your ERP Consultant must be capable to provide a rational timeframe for an ERP product to be included
Into your company’s business processes and must structure the initiating process in such a way as to roll
On the valve for ROI as rapidly as possible.

Conclusion
A flexible and influential web-based ERP solution presents several benefits to automotive manufacturers in need of speed, worth, and efficiency in all features of the organization. The core benefit of an ERP system to expand productivity and decrease operating price.
We help to manufacture industry to stay ahead of the run-of-the automotive industry with our outstanding solutions. We work to improve the client experience and create a better client journey by offer feature-rich solutions.

PMTRACK ERP provides the best , ERP solution for the manufacturing industry in all pan India, to schedule a free demo, get in touch with our team at info@cloud9technologies.in

Posted By adminCategory: ERP Software