Ask any manufacturer running a manufacturing unit or multi-specialty manufacturing units about his key priorities, and he without a second thought will say managing batch lots, bin management, time to market, cost reduction and mitigating errors most likely happening in production and managing raw materials, product costing, purchasing, planning and scheduling, and so much more.
Precisely, he will distill the pain points into:
- Heavy reliance on excel sheets with no single version of the truth
- Managing a variety of bills of materials, and multi-level bills of materials
- To know the estimated overhead, labor, and material quantities
- To avoid out-of-stock situations
- Track inventory wise, item, warehouse, lot or container wise
- To make the right material available at the right time
The manufacturing industry, be it discrete or process is the most complex industry as far as the nature and variety of products are concerned. Further, segregation based on chemical, automobile, cosmetics, pharmaceuticals, aerospace, engineering, metals make it more complex, let alone the challenges. If you want to survive and thrive, simply producing high-quality products is not enough. The entire industry has undergone a striking change in a short time. Successful manufacturers know it’s time to bring the right tools and technology. The majority of manufacturing brands and manufacturers are held back as they are using either excel sheets or outdated technology.
That’s where the smart and enterprise-ready software comes in. SAP Business One.
A strong and intelligent ERP consolidates all critical information into one central place and automates all vital business functions. Let’s explore more capabilities as to how SAP Business One for manufacturing is a true asset for all manufacturing brands.
Inventory Management
SAP Business One provides accurate and on-time information about inbound and outbound inventory. This helps manufacturers to plan better, monitor stock levels and run out of stock and excess stock situations well in advance. The software also assists in managing stocks at various locations and warehouses and maintain multi-level bills of materials (BOMs).
Production Scheduling
With SAP Business One software, it is easier to address production scheduling requirements. The software helps to keep a tab on batch life-cycle, capacity allocations and enables you to know the resource availability at the right time.
Cost Estimations
It’s now easy to prepare estimates for custom manufacturing orders or regular products. This way you will be able to monitor profit margins easily.
Timely Order Fulfillment
As you gain detailed visibility about inventory as what is lying in the stock, under-stock and what is available at the moment; it will help you to predict and make realistic promises to your customers.
Helps resolve issues faster
ERP Software for manufacturing industry provides a seamless and dedicated customer experience across all channels. The software renders great insights and gives real-time access to service, warranties, contractual terms and helps resolve issues faster.
Conclusion
The manufacturing industry has seen a drastic change. Countless complexities and challenges are occurring, and you need to be ready to manage them all. The changing customer expectations, rules and regulations and other advancements have put your competition a mere click away. This means manufacturers need to stay agile and act smarter to build strong relationships with new customers, mitigate their ongoing cost and earn the loyalty of existing ones.
