ISMR July/August 2022 - Page 42



Adopting an enterprise resource planning ( ERP ) system ultimately means a more competitive and profitable manufacturing business .

“ Centralised ERP solutions can bridge the gap between a range of manufacturers ’ systems and applications and enable them to align production goals with cash flow and profitability objectives .”

Cost-effectively managing a manufacturing business or discrete manufacturing business is complex , especially when it ’ s growing . It ’ s essential to have a manufacturing solution that provides real-time access to accurate business intelligence ( to help ensure better resource planning , scheduling and tracking ) and supports lean manufacturing operations . Robust , scaleable , modular tools for process , material and throughput optimisation enable manufacturers to align production goals with cash flow and profitability objectives .

Manufacturers all over the world are focusing on improving their business processes to improve operational efficiency , while keeping track of operating expenses . They want a centralised solution to manage a variety of business processes including finance and accounting , sales and marketing , and procurement and supply chain .
From engineering and planning to production and quality control , manufacturing software packages offer the tools a business needs to create ‘ the best possible product in the most efficient and cost-effective manner ’. These suites can be used to streamline product design and configuration ; track and manage product components ; automate production scheduling ; accelerate the manufacturing process and improve product quality .
Enterprise Resource Planning ( ERP )
ERP stands for Enterprise Resource Planning and is an information system designed to coordinate the resources , information and processes within an organisation . It comprises a common database that provides interfaces and information to every department within the business . ERP is a category of business management software — typically a suite of integrated applications — that an organisation can use to collect , store , manage and interpret data from many business activities , including product planning , purchase manufacturing or service delivery ; marketing and sales ; inventory management ; shipping and payment .
“ Cloud ERP provides enterprises with the flexibility and scalability they need to streamline their business processes and improve efficiency . Cloud ERP is one of the most important tools a company can use to stay ahead of the competition because it allows them to drive their business . It ensures the timely delivery of accurate financial information ; improved financial performance ; quick data-driven decisions ; improved quality and inventory controls ; simplified software , hardware and network infrastructure . This includes the simple adoption of common standards across plants and business units , quick integration of acquired technologies and more dependable operating performance ,” commented analyst , Vantage Market Research .
ERP covers areas such as accounting ( nominal ledger , fixed assets , accounts sales / purchase ledger etc .); human resources ( payroll , time sheets , training etc .); manufacturing ( bill of materials , QC , managing the manufacturing process etc .); supplychain ( stock control , purchasing , scheduling ); CRM ( sales and marketing , support and customer service ); project management
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