Choosing Manufacturing ERP Software for Your Business – Eximias

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Choosing Manufacturing ERP

Manufacturing management is the backbone of many businesses; you need to capture all the crucial order information and the customer’s requirements. All necessary information would be gathered in one place and quickly answered these slew of questions. 

The fact is Eximias have gathered all the information you need if you are choosing manufacturing ERP system.

Are you curious? 

Let’s jump in.

What is Manufacturing ERP Software?

Inventory management is the management of material, stock and product. It covers features like regulating and supervising inventory, ordering, storing goods, and stocking the proper quantity of merchandise to reduce holding costs and related waste.

Manufacturing enterprise resource planning (ERP) software is a kind of software that firms use to handle day-to-day business activities such as accounting, procurement, project management, risk management and compliance, and supply chain operations. 

Choosing ERP software with a complete package also includes enterprise performance management, which helps plan, budget, forecast, and report on an organization’s financial outcomes.

Choosing manufacturing ERP is essential for managing thousands of enterprises of all sizes and in all sectors. To these organizations, ERP is as vital as the energy that keeps the lights on.

Choosing Manufacturing ERP

How Does ERP Software Help your Business?

If you don’t have a solid inventory management system in place, you may be dealing with stock crises much too frequently. It will leave you with a shortage of raw materials to satisfy production needs, which may cost you time and money, lose you clients, and harm your image. 

Choosing manufacturing ERP is a grasp on your inventory management that can help you prevent such scenarios and keep your store up and operating efficiently.

Enhance interoperability

Collecting information, marking, and classifying materials and goods is indispensable for most manufacturing and retail businesses. 

The manufacturing ERP system is equipped on the system with the classification function to enhance interoperability. They allow all material and product information to be centralized in one place and accessible from capable computer systems. 

This data is accurate, up-to-date, and synchronized across the entire system from the repository to the point of sale.

Classification options include:

  • Barcode & Tag
  • Measurement units
  • Expiry
  • Material source
  • Type of material
  • Allocation
  • Cost and price
  • Demand
  • Supplier or vendor
  • Import & Export date

The ability to classify inventory items allows users to examine each item in terms of the business’s requirements and to prioritize the most crucial ones. 

Plus, the manufacturing ERP system can notify when the warehouse is almost running out of materials. Choosing manufacturing ERP will help you enhance your interoperability. 

Turn your warehouse becomes intelligent 

With inventory tracking, it makes your warehouse become an intelligent one. Material and product are made machine-understandable through the barcode, QR code and tag, which helps the manufacturing ERP system track them every time.

Choosing manufacturing ERP will enhance the efficiency of your warehouse. Your ERP software keeps track of expiry dates in real-time. Because all the information you need has uploaded to the ERP system, you can access the database with only a few clicks and find out all you need to know about the items’ geolocation.

Some benefits of intelligent warehouse:

  • Tracking product’ journey from raw materials through to final items and work-in-process.
  • Automate many operations, limit manual labour in some tasks.
  • Improving inventory management and lowering the amount of wasted stock.

Optimize inventory levels 

By using an ERP system, organizations may better manage their working capital by ensuring optimal inventory levels.

ERPs now include tools for forecasting material needs (MRP). It involves planning production, creating reorder levels, and determining the warehouse’s minimum and maximum inventory amounts. 

When using the business application tool, you can see how much time it takes to procure raw materials, make items, evaluate their quality, package them, and manage logistics. All of this data helps the planning engine make better estimates.

Enhance productivity

Classifying products, materials and managing your inventory together may help you save money by cutting down unnecessary spending. It is possible to see all stocks, including clusters and substitutes, using the ERP’ inventory management module. Inventory lists may sort particularly by batch number or serial number by module users.

Identifying replacement items to prevent lost sales is easy when demand for a particular product unexpectedly increases, when you can locate inexpensive alternatives or quicker lead times by aligning replacement and main items, revenue increases.

Type of manufacturing ERP software

Choosing Manufacturing ERP

The outstanding features of the ERP system have become an excellent solution for many businesses of different sizes, from small to large. Today, technology is developing more and more, ERP software also creates more and more types. 

Choosing manufacturing ERP is gradually becoming more difficult with the diversity of the market providing ERP solutions for businesses.

At Eximas, we develop ERP software according to customer requirements to bring the most suitable technology solution. Here are some types of ERP software you should know.

  1. ERP modules: Common types 
  • Product management module: The ERP system’s innovative features include updating work progress through barcodes, QR codes, or synchronizing data from the order stage to production stage and production process; then monitoring the retail system to help manage production becomes more convenient. The enterprise’s logistics system operates more smoothly and accurately and at the same time reduces losses in the production process.
  • Supplier management module: Finding the right raw material supplier is indispensable for manufacturing and retail industries. The material supplier control feature will assist you in remembering supplier information, import date, price, and material classification. As a result, businesses can easily compare, evaluate and decide on the right partner for their long-term development strategy.
  • Customer relationship management (CRM) module: Customers are the lifeblood of the business. It is crucial to understand the customer insight and how your product can attach to them. Understanding the needs of customers will help you deploy programs and products that meet the market needs.
  • Human resources module: This module could make the work of the HR department simpler. If your business is growing, it will become more challenging to remember the employee’ information, productivity, and projects they are involved in. And the ERP system can help you improve through data storage, synching information from warehouse to workshop to other departments.
  • Report module: The system automatically updates all aspects and aggregates them into accurate and quick reports to help businesses accurately assess the actual business condition and limit human resources for this task.

On the other hand of the spectrum, ERP architecture is more straightforward and has its benefits. Let’s take a closer look.

  1. ERP architecture  

Postmodern and monolithic are two ERP software architectural styles to be aware of when looking for an ERP system manufacturing company. Already in the name, we know which is the newest. However, newer does not equate to better in this case. What are the variations?

  • ERP monolithic: Systems with a single technology stack and supplier architecture are known as monolithic ERP systems. These systems are not expandable as a company grows.
  • Postmodern ERP system design: This is a much more convenient and straightforward kind of ERP software. You get a management system with cloud-based storage and a dedicated social network. With some basic useful features and fewer modules than the traditional version, this system is suitable for small businesses that want to optimize their management system.

Depending on the business development orientation and the ability of the business to pay, you should choose the right type of ERP software to optimize the initial cost. If you are selecting a manufacturing ERP system, Eximias will guide you step by step to determine the most suitable type of software right below. Or you can check out the consulting service to save a lot of time and get the right advice for your needs here.

How to Choose a Manufacturing ERP Software?

Choosing Manufacturing ERP

Determine your needs

Identifying your company’s requirements is the first step when choosing manufacturing ERP software. Consider the difficulties that your organization is now facing. To what extent are your company’s work procedures deficient in specific characteristics or capabilities.

Be as thorough as possible, and confer with all relevant departments to acquire the whole picture. Choosing manufacturing ERP is simpler when you’ve done your research and are prepared before you start looking. The more prepared you are for business, the more information you will have.

Compile a list of the ERP software providers you consider to be the best.

Having identified the specific software requirements, your company will need to be successful, creating a shortlist of providers that satisfy those requirements. Do some study online or get advice from other company pros.

The more suppliers you have on your list, the more difficult it will be to make a selection. When you choose manufacturing ERP vendors, try to compile around 3 – 4 providers to make this decision even more accessible. This is a significant investment but does not waste much time on this task.

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Ask precise inquiries in person when you meet with suppliers.

To understand more about ERP software for manufacturing, meet with the sales representatives on your list. Convoke with them about your company’s requirements, then check to see whether their solution can meet at least the majority of those demands.

Test your company’s process to determine whether everything is in place. Check to discover how much it would cost (or even whether it’s viable) to link the ERP software with another software solution if the ERP system doesn’t provide certain items.

In some cases, ERP service providers even offer to visit a customer’s factory to better understand the company’s business practices. As a result of this in-person encounter, they will be able to provide you with more direction, talk about your project schedules, and answer any questions you may have.

When it comes to solid business manufacturing solutions, education and execution are critical. Having the ERP system implemented and training all workers using it might be daunting for new employees starting with the firm.

Some vendors provide classroom training as well. An experienced implementation team with years of experience often conducts these tests. All of these advantages should be taken into account before making a final selection when choosing manufacturing ERP software.

Ask recommendations from business partners

Inquiring about ERP suppliers’ references is very permissible. By asking their users what they appreciate most about the program and what they find challenging, you may learn a lot from them.

You should be wary of any provider that refuses to furnish references. Ask for at least 2-3 references of satisfied clients who can attest to the company’s reliability and quality before making a selection.

Some ERP suppliers may even urge potential customers to visit a non-competing factory (together with their sales representative) and chat with the company’s leadership to raise complex issues in person. You will be able to tell whether the ERP system is a good match for your organization based on the results of this test.

Price and ability should be compared

Once you’ve acquired all the data you’ll need when choosing to manufacture ERP software, it’s time to evaluate your options for manufacturing ERP software and compare their features and pricing. 

Compare the benefits and drawbacks of each solution, and examine the customer service, industry-specific expertise, and partnership each offers. Discuss your findings with your team.

As a result, you can now make an educated selection. Changes to your organization’s operating procedures will take some time to become second nature after implementing a new system

Don’t forget to provide everyone with enough training to make the changeover go smoothly and successfully.

In conclusion

ERP is gradually becoming a significant initial investment for manufacturing and retail businesses in the new industrial age. Especially in the era of booming e-commerce, it has become an opportunity for manufacturing businesses around the globe. 

Choosing manufacturing ERP software will help you meet the market needs, thereby bringing many benefits in terms of prestige, revenue, and promoting the development of businesses in the market.

If you still have questions regarding ERP software and how to choose the right software for your business. Do not hesitate to contact us to receive reliable advice from the experts of Eximias.

ADDRESS: Gweerhofstrasse 3, CH-8853 Lachen
EMAIL: info@eximias.ch
PHONE: ‭+41 44 593 82 15