- On May 24, 2022
- 0 Comments
- Business Operations, Business Software, enterprise resource planning, ERP, inventory management, manufacturing, Manufacturing ERP, manufacturing software, Production Planning, Production Process, reporting, SAP Business One, Softengine
ERP for Manufacturers
The Manufacturing Industry is a unique and competitive industry unlike any other. From fluctuating customer demand, shrinking product life cycles, increasing global competition, and regulation compliance, manufacturers are under constant pressure to keep up. The solution to these pressures is to increase efficiency, differentiate products, while complying with regulatory mandates; but how does one achieve all of this simultaneously?
Enterprise Resource Planning (ERP) Software are technological solutions to help streamline business processes and achieve greater efficiency, accuracy, and visibility. Manufacturing companies are perfect fits for an ERP implementation because of the various industry challenges and business specific requirements needed to operate smoothly. SAP Business One is an ERP designed for the small to midsize business market. Packed full of features and functionality to help with production processes, distribution, inventory management and so much more, Business One is a great fit for growing manufacturing businesses! In today’s blog, learn how manufacturers can benefit from an ERP such as SAP Business One and how to decide when it is time to make the move to an ERP solution.
Production and Planning: For manufacturers, production and production planning are the core of the business. When manually tracking production orders and plans for production, it can get overwhelming while leaving room for error. A much more efficient process can be found within an ERP, where the software is equipped with automation to manage the production process with ease. Having accessible data located in one central database also allows for extremely accurate production plans and helps to tailor future plans based on the historical data. SAP Business One offers a robust production process that completely streamlines production from beginning to end.
Supply Chain Visibility: In recent times, supply chain issues have challenged the manufacturing industry. Now more than ever before, it is important to have clear visibility and transparency down the supply chain. With the help of an ERP, real-time insights are provided at the click of a button about the status of every step throughout the supply chain. With greater insight into the supply chain, better informed business decisions can be made (1).
Bill of Materials: Manufacturing businesses have to manage many BOMs at a time when manufacturing an array of products. A bill of materials is the product list comprised of the raw materials or components required to manufacture a specific product. When a manufacturing company offers a wide variety of products, the BOMs can become confusing if they are not automated and attached to the final product. SAP Business One has a fantastic bill of materials feature where users assign specific BOMs to products and they will always be associated with that product. There is no uncertainty concerning what components and quantities are needed to fulfill a product order; SAP Business One handles it all!
Reporting: The manufacturing industry is constantly changing and evolving while being required to adhere to government mandates and industry standards. These factors contribute to difficulty when planning future production efforts and projects. However, ERPs such as Business One, are capable of presenting a clear picture of the business at any point in time. Using historical data, past sales, and project goals, SAP Business One automatically creates custom reports and dashboards to showcase best practices for future plans.
Inventory Management: Managing large quantities of components, materials, and products can be a lot of manual work to keep track of in stock quantities. ERP solutions are built with inventory management in mind. For example, SAP Business One updates in-stock levels using real-time information. The company warehouses also have the ability to be synchronized with the accounting data within the system to ensure that the movement of inventory is properly accounted for (2).
In conclusion, manufacturers have incredible benefits to be gained from implementing an ERP. Many ERPs are fully functional to operate for a manufacturing business, and SAP Business One is the leading SMB ERP choice for manufacturers. Here at Softengine, we are an SAP Gold Partner and specialize in helping the manufacturing industry grow with SAP Business One.
Deciding whether it is time to move to an ERP may seem like a difficult decision, but if your company is experiencing rapid growth, it is extremely helpful to implement solutions to continue running business efficiently. ERPs support and encourages business growth and are full-encompassing cross-departmental solutions. Contact one of our Softengine and SAP Business One specialists for further inquiries about SAP Business One: [email protected]
For more information about the Manufacturing Industry powered by SAP Business One: https://softengine.com/industry/manufacturing/
Softengine SAP Business One Customer Success Story; featuring StePac, a sustainable, fresh produce packaging manufacturer: https://softengine.com/clients/stepac/