
What is an ERP system?
How can these solutions manage organisations' day-to-day business activities, such as accounting, finance, procurement, project management, supply chain, and manufacturing? Enterprise resource planning systems are comprehensive, integrated platforms that can be used on-premises or in the cloud to manage all facets of distribution- or production-based firms. Additionally, along with your primary accounting function, ERP systems serve all facets of financial administration, human resources, supply chain management, and manufacturing.
By monitoring all facets of manufacturing, logistics, and finances, ERP systems will also offer transparency into the entire business process. Multiple departments can utilise these integrated systems, which serve as the organization's core hub for end-to-end processes and data. ERP systems and software provide several capabilities for large, medium-sized, and small organisations, as well as industry-specific adaptations.
Cost
Saving
Increase profitability and revenue
Increase team collaboration
Improved ability to cross-sell
Role of ERP in Manufacturing
Given the multiple procedures that must take place every day just to keep a facility operating, ERP is a natural fit for the manufacturing industry. The following are some examples of processes that ERP may assist in managing and streamlining; take note of the various ways that these processes can now "speak" to each other via ERP, a major advantage that will be covered in more detail below.
- ⦁`Purchasing
- ⦁`Inventory management
- ⦁`Supply chain
- ⦁`Quality assurance
- ⦁`HR
