fbpx

Blog

10 Key Features To Look For In A Manufacturing ERP System

10 Key Features Look For Manufacturing ERP System

Manufacturing is a competitive field with companies looking to outdo each other on quality and price. With so many products in the market, it’s difficult for manufacturers to stay ahead of their competition. What they need is a manufacturing ERP system that can help them keep up with production demands and be more profitable. However, how do you find the best ERP system? 

In this article, we will be discussing 10 features every manufacturing company should look for in a manufacturing ERP system. First, let’s discuss what a manufacturing ERP system is.

What Is A Manufacturing ERP System?

A Manufacturing Enterprise Resource Planning (ERP) system is a system that allows for the coordination of production, distribution and inventory management so that resources are always allocated efficiently. It works by providing one software platform which houses all necessary information in an easy-to-use interface. This includes things such as materials and labour costs, tools needed on each line or machine, waste generated during various stages of manufacturing processes – everything! 

With this data at your fingertips, it’s easier than ever before to keep track of not only how much you’re spending but also where it goes every step of the way. This is from ordering raw material through delivery into storage facilities until they’re finally ready for sale as finished goods with your customers.

What Key Features Should I Look For In A Manufacturing ERP System?

Before you begin the search for your next manufacturing ERP system, it’s important to know that there are a variety of key factors you must consider. Here are some key features you should look for in your manufacturing company’s new or updated software:

1). Issue Identification

A manufacturing ERP system has a single data repository capable of identifying and resolving manufacturing issues early on. You should be able to link together product specification data, quality assurance records, and testing results in order to find the precise touchpoint where an error occurred. 

This way, you can take a proactive approach by finding manufacturing errors before they cause too much damage or become costly. This prevents you from being reactive afterwards when everything is more expensive due to how far down the line it has progressed.

2). Inventory Cost Management 

The days of carrying too much inventory are over. With the right ERP system, you can take a leaner approach to manage your company’s supply chain and save more than enough money in the process. Look for one that is both versatile and user-friendly so you know where your levels need to be at all times without wasting any time downloading reports or getting lost on an overly complicated interface.

3). Advanced Pricing Models

The idea of bidding for new work is always a tough process. Being off by even the smallest amount could mean that your bid doesn’t make it past the first round. This is why you need to find an ERP system with sophisticated pricing and reporting features built-in so all calculations are consistent and competitive across the board. 

This way, if one bid is higher than another by even a small margin, it will be eliminated from consideration for any new contracts because they would not have been as competitively priced as other bids on offer.

10 Key Features Look For Manufacturing ERP System

4). Quality Management

There’s a reason why quality management is an integral part of the manufacturing process. The effects are more far-reaching than one might think, and they can have major impacts on both customers and managers alike. 

For example, if products don’t meet standards set by organisations themselves in order to maintain high levels of quality throughout their production cycle, then they’re quickly identified as defective. Quality management is a way to set and monitor the desired levels of quality throughout an organisation’s manufacturing process. This helps managers spot problems before they turn into major issues which can be fixed faster without affecting the entire production run.

5). Multi-Location Inventories

The ability to maintain accurate inventories at multiple locations is essential for manufacturers. Being able to ship inventory from a different location if one of the warehouses runs out can be an invaluable asset in maintaining higher profits. With multiple locations and manufacturing plants at each one, manufacturing ERP systems allow manufacturers to track their inventories more effectively than ever before without jeopardising any items.

6). Materials Requirement Planning

Your manufacturing ERP system should have functionalities that enable effective management of manufacturing processes through production planning, scheduling, and inventory control. Luckily, manufacturing ERP systems are able to achieve these features by analysing data collected from a company’s operations.

7). Data Accessibility

The ERP system is an all-inclusive solution for getting the right information at the right time. With one streamlined software, you’ll be able to access a plethora of data seamlessly, empowering every team member with easy access that will make answering any question quick and efficient. This eliminates the use of manual legacy systems or files which are cumbersome to maintain and nearly impossible to organise.

8). Production Schedule Adjustments

With the most robust ERP software, you can find out how much of a product is in stock and when more will be available just by running an inquiry. This allows you to respond to customer inquiries with accurate information about availability.

9). Ensure Regulatory Compliance

The manufacturing industry is replete with compliance requirements that span the technical, legal and corporate realms. Without an ERP system in place to keep up with these ever-changing regulations, it can be difficult for your team to prove their compliance at every turn. Bringing regulatory docs online where they’re stored securely forever helps address this issue and ensure that you have all records of pertinent compliance information.

10). Project Life-Cycle Management

For organisations, it can be hard to manage a project from the engineering stage through to production and distribution. However, with project life-cycle management features available on an organisation’s dashboard, they can monitor their progress from afar. These give them a clear view of the overall quality for each step in the process so that any necessary adjustments are made early enough before anything goes wrong.

Summary

The best manufacturing ERP solution should be able to help you manage your entire business. It will allow you to monitor and track inventory, schedule production on the fly, process orders efficiently with multiple sales channels, and much more. Whether you’re looking for the best manufacturing software or not so sure what kind of system is right for your company, give us a call today so we can help you out!

At Stratus Group, our consultants do not just provide you with the software, we also provide expert knowledge and support. We will make sure that your ERP manufacturing software is implemented properly and will work with you directly at all times during the whole process to ensure that you get exactly what you need. We also provide after-implementation support and assistance.

Call us today on 1300 499 000 or fill out our inquiry form and we will get back to you within 24 hours.

CONNECT WITH OUR EXPERTS

Get in touch