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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
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.

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