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11 Best Manufacturing ERP Software 2024

ERP Software for manufacturing is specifically designed to offer advanced manufacturing functionalities, visibility & control over the manufacturing business

Manufacturing ERP Explained:

What is Manufacturing ERP Software?

Manufacturing ERP Software is a future-proof software that helps manufacturers plan their production activity, track production progress, forecast demand for raw materials, and manage optimum inventory levels. It acts as a central repository of key manufacturing data to provide real-time, accurate information which helps in effective decision making. Manufacturing ERP is a versatile solution that streamlines the manufacturing process and integrates core manufacturing processes. It enables manufacturing companies to leverage real-time data, automate procurement of raw materials, perform predictive analysis of the machines, schedule & optimize the manufacturing process, and track every aspect of it.

The ERP software for manufacturers also contains a comprehensive set of modules designed to cater to the needs of the manufacturing industry. Overall, it brings complete visibility into the manufacturing process and eliminates manufacturing complexities. Employees are freed up to proactively address other critical issues.

Manufacturing ERP software helps organizations automate production, manage inventory and supply chain operations, and streamline other essential manufacturing processes. It gives companies better visibility and control over their production and supply chain operations, enabling them to make faster, more informed decisions. The software, often cloud-based, also helps companies be more agile and competitive in an increasingly digital marketplace.

Overview of India’s Manufacturing Sector

India’s manufacturing sector is considered the bedrock of the country’s economic growth. According to a report by Statista, it is estimated to be $232.3 Billion in size as of 2024. It is projected to grow with a CAGR of 3.46% between 2024 and 2029.

The manufacturing sector is one of the most contributing sectors to India’s GDP, with a record 16% share during the pre-pandemic era. There are several factors contributing to the growth of the manufacturing sector in India. Recently, the Govt of India has incentivized Rs. 18,000 Crore to boost local manufacturing in the country.

Top 11 Manufacturing ERP Software Systems in 2024

Now, let’s dive deep into the best ERP software for manufacturing in India.

1. Sage X3

Sage X3 is a veteran & future-proof solution in the ERP market that works exceptionally well for small and mid-sized businesses. It provides real-time visibility into the cost and performance at every level, enabling decision-makers to take total control over the business strategies and make informed decisions. It can be deployed as an On-premise ERP using the company’s IT infrastructure hardware and software, or a cloud solution that users can access through their browser or a mobile app.
Features

  • Generates highly customizable reports to make data-driven decisions
  • Supports multiple lines of businesses such as those with subsidiaries
  • Back-and-forth access to key information in internal dashboards
  • Serves multiple industries such as manufacturing, automotive, furniture, medical devices, filter manufacturing, etc.

Drawbacks

  • It is a complex, powerful software with tons of features. Extensive training may be required.
  • To customize reports, Crystal Reporting is required

 

2. Sage Intacct

Sage Intacct is an enterprise-grade cloud accounting solution that provides operational functionality, deep customization, and workflow extension, to handle anything from a general ledger, accounts payable & receivable to global consolidation. It empowers your business with up-to-the-minute, and multi-dimensional analytics & reporting so that you can take total control over the accounting, billing, and reporting functionalities.

Features

  • Handle complex revenue recognition and comply with higher accounting standards
  • Extensive project handling capabilities to track project expenditures & revenues
  • Seamless collaboration between different team members
  • Deep collaboration with other CRM, payroll and project management tools

Drawbacks

  • Adopting Sage Intacct may require a learning curve for new users
  • Supports limited third-party integrations

3. Acumatica ERP

Acumatica ERP is another cloud ERP for manufacturers with growing and changing needs. It is suited for medium to large-scale manufacturers and growing companies looking for powerful integration, sophisticated inventory management, and industry-specific features. It is easy to use, scalable, and powered with open architecture. Employees in your company can gain access to the system by custom user rules.

Features

  • Supports integration with third-party tools such as Amazon, Concur, and DocuSign so that you can extend the core functionality.
  • Cloud, on-premise and hybrid deployment options
  • Provides security audit logs for enhanced data security
  • You’ll have instant updates across all systems which saves time

Drawbacks

  • Highly expensive for small businesses
  • It is available only through a channel of partners. You may not be able to take full advantage of it if you couldn’t find a high-performing partner.

4. Epicor Kinetic

Kinetic is a cloud-native ERP solution with extensive product configurations. It is flexible and adaptive to meet the unique demands of your industry. It has an intuitive interface with easy navigational tools and colored tiles. Users can also efficiently manage sub-assemblies, and benefit from a broad range of features and advanced capabilities.

Features

  • Uses several cutting-edge technologies such as Advanced MES and Industrial Internet of Things (IIoT)
  • Powered with an Open Architecture that can integrate with Microsoft SharePoint, Office 365 and Power BI for easier data sharing and collaboration.
  • Provides end-to-end infrastructure to oversee different processes
  • Modular, industry-specific solution

Drawbacks

  • Complex implementation and customization
  • Customer support is not satisfactory

5. Infor CloudSuite

Infor CloudSuite is a suite of cloud-based industry-specific enterprise solutions for small to mid-sized manufacturers. It has a modern design and offers extensive collaboration and predictive analysis tools. Its unique architecture helps your business build cost-efficient strategies to limit costs and increase profitability.

Features

  • Scalability and customizability to meet the needs of growing businesses
  • Uses a consistent interface across all devices- PC, Web, tablet, and mobile
  • Powered with Business Intelligent Tools that use patented automation and ML technologies
  • Provides cost-effective tools to deal with various business and operational challenges

Drawbacks

  • Offers a limited set of Quality Assessment Management features
  • Incompatible with various third-party solutions such as Oracle and IBM

6. Oracle NetSuite ERP

NetSuite has been in the market for over 20 years. It is an all-inclusive ideal solution for midsize businesses seeking advanced features to streamline their processes. It provides custom process workflows, and tighter control over business operations with a deep set of tools and features.

Features

  • Universal Business Administration enables businesses to deal with cross-currencies and multiple languages
  • Users can take advantage of numerous documentations, online tutorials, and regular seminars from the company
  • Centralized management and automated workflows
  • Offers scalability to adapt to changing market needs

Drawbacks

  • Offers a sheer volume of features; but a complex user interface
  • Configuring the system for specific roles can be complex

7. Microsoft Dynamics 365 ERP

Microsoft Dynamics 365 ERP for manufacturers lets you fine-tune business strategy by leveraging all data and capabilities together. It delivers superior operational efficiency, and helps your business adapt to changing market trends.

Features

  • The in-house Artificial Intelligence (AI) tool provides recommendations, live sentiment analysis, and instant transcription.
  • Offers full integration with Microsoft products including Outlook 365 & LinkedIn
  • Faster access to information using a smart search that searches information throughout all data such as records, templates, and contacts.
  • Provides detailed Dynamics 365 Guides and professional support experience

Drawbacks

  • Storage quota is very limited. You will likely need to buy additional storage to increase it.
  • The mobile app isn’t as effective as the desktop application.

8. SAP ERP

SAP ERP integrates core business processes into a unified system. It is available as an on-premise, cloud and hybrid solution. It offers a broader collection of modules and features, to standardize the business processes, provide a unified view of the organization’s data, and gain a competitive edge.

Features

  • Powerful reporting and analytics features
  • Offers significantly faster data processing which helps companies identify stock shortages, machine failures in real-time and take necessary course of action
  • Powered with Big Data Analysis, Artificial Intelligence and Internet of Things
  • A vast array of modules that can benefit industries of all scales

Drawbacks

  • High purchase and implementation costs
  • Complex implementation process which demands highly specialized staff

9. DELMIAWorks (IQMS)

If you’re a mid-sized manufacturer or a subsidiary of a large organisation, DELMIAWorks can be a perfect solution. It is tailored for factory environments with a “shop floor first” approach. It helps you optimize manufacturing, planning, warehousing, order management, and provides time tracking and detailed manufacturing data collection.

Features

  • Provides e-commerce tools to reduce the time it takes to distribute manufactured products
  • Helps you optimize human resources as well as material resources (equipment and materials)
  • Provides a comprehensive resource center and case study videos to help you get started
  • Supports centralized authentication mechanism to facilitate logging in to multiple systems with a single password

Drawbacks

  • No built-in Shipping Manager module
  • Lacks numerous features such as payroll management, applicant tracking

10. Wherefour ERP

Wherefour is a modern and easy-to-implement ERP for manufacturers that completely simplifies batch processing, formula management, variance costing, and vendor procurement. If you’re into natural product productio or food & beverage manufacturing, Wherefour will help you manage data for auditing, certifications, and regular inspections.

Features

  • Provides full material traceability to document the makeup and quality of the manufactured product
  • Allows you to apply labor costs to receipts, design custom job quotes, track orders per salesperson
  • Supports integration with Microsoft Dynamics 365, Shopify, QuickBooks, Zapier, and more others
  • Email alerts when inventory stock is below the reorder threshold

Drawbacks

  • Lack of in-app customization features
  • No option to export data from pages into .CSV format

11. SyteLine ERP

SyteLine ERP is a specialized solution for discrete and process manufacturers. It supports planning & forecasting, scheduling, analytics, role-based dashboards, and track production from start to finish.

Features

  • Preferable for food, beverage, chemical and mixed-mode companies
  • MES, Yield Rate Calculations, Preventive Maintenance, Shop-floor Data Collection, Formula Management
  • Built-in tools to address key challenges faced by manufacturers
  • Bill-of-material Management, Visual Resource Planning, Access Control, Equipment Management

Drawbacks

  • SyteLine does not provide an API
  • Setting up DataViews is a bit complex

12. E2 ERP

E2 ERP is a manufacturers-focused solution that enables generating of quick quotes, optimize quotations, and avoid redundant data entry. It is easy to learn, decent system that offers powerful reporting features such as detailed reports with material costs, labor and overhead costs. With E2 ERP, you can efficiently handle inventory and procurement management. Multiple bins and lot locations can also be used to save inventory items.

Features

  • Efficiently handles hypothetical scenarios such as “What If” requests
  • Track job costs, build a paperless shop floor system, and handle multiple levels of BOMs
  • Automatically generates bills of landing, packaging slips, and shipping labels
  • Helps calculate shipping costs of manufactured products by automatically retrieving charges from the major carriers

Drawbacks

  • Lack of efficient customer support
  • Annual updates are highly expensive

Why ERP Software for Manufacturing is Used?

ERP software for manufacturing is commonly used in manufacturing because it helps companies manage their resources and operations more effectively. By streamlining processes and tracking production data, it can help businesses become more efficient and profitable.

Manufacturing software is an extensive business management suite that helps organizations to manage critical business processes, including financials, manufacturing, sales and customer service. It is widely used in the manufacturing sector, as it can help businesses to manage production processes more effectively and efficiently. The system can automate tasks such as inventory management, order processing and shipping, which can help companies to improve their operational efficiency.

Sage X3 helps manufacturers by organizing and managing their production processes. It allows them to track inventory levels and production outputs and schedule and plan future production. It helps to ensure that orders are completed on time and to specification, reducing the chances of quality control issues. Additionally, the ERP software can help to identify inefficiencies in production and identify opportunities for cost savings.

Top 8 Benefits of Manufacturing ERP Software

Manufacturing ERP software India is a valuable asset & a significant investment for manufacturing businesses because of the numerous benefits that it offers.

Benefits of Manufacturing ERP Software

1. Streamlined Processes

Sage X3 ERP for manufacturers helps manufacturing companies streamline their processes, reduce overheads, and improve overall productivity. With the help of automated processes, companies can eliminate manual errors, improve accuracy, and reduce time-consuming tasks.

2. Improved Data Management

Sage X3 provides a single source of truth for all manufacturing data, making it easier to find, track, and analyze the data. Its intelligent Business Intelligence tools allow companies to identify areas of improvement, stay compliant, and make data-driven decisions.

3. Enhanced Customer Service

The ERP software for manufacturers can provide customers with accurate information about their orders, deliveries, pricing, and inventory levels. It helps to improve customer relationships and increase customer satisfaction.

4. Increased Visibility

Sage X3 ERP for the manufacturing industry provides real-time visibility into operational performance and helps to identify potential issues before they become problems. The best ERP application for manufacturing industry improves the overall performance of the manufacturing process.

5. Quality Assessment

In today’s competitive environment, businesses have to consistently produce safe & high-quality goods to maximize customer satisfaction, meet industry standards, and reduce non-compliance penalties. Best ERP for manufacturing industry enables businesses to track quality at every level, maintain quality data, and compare it with industry standards.

6. Production Planning

Integrating the Best ERP for manufacturing industry into the manufacturing process leads to lower lead times. Businesses can reduce downtimes, and meet consumer demands on time. Manufacturing software provides powerful tools to make detailed production plans, and efficiently allocate production resources.

7. Lower Overhead Cost

ERP software for manufacturers eliminates production bottlenecks, minimizes waste, ensures optimum use of resources, and reduces supply chain gaps, all of which collectively help keep the manufacturing (overhead) cost lower. Ultimately, you benefit from increased profit margin, competitive pricing, and expansion of your consumer base.

8. Reduce Machine Breakdown

One of the key benefits of ERP is predictive maintenance, a term used for condition-based machine maintenance. Your ERP records complete machine logs (including failure data), asses machine conditions in the real-time, and predicts potential breakdowns to reduce potential business disruptions.

Upgrade Your Business DNA with Sage X3

Empower your team and elevate your results with ERP Software

Top 8 Key Features of Manufacturing ERP Software

1. BOM Planning

Bill of Materials (BOM) planning is a critical feature that allows tracking and managing the raw materials, components, and sub-assemblies used in the production process.

Sage ERP India allows you to create and manage a list of all the items used in the manufacturing process, including their quantity, cost, and supplier details. This information is essential for ensuring that suitable materials are always in stock and that you have an accurate picture of the costs associated with the production.

2. Inventory Management

The Inventory management feature of Sage X3 ERP software helps manufacturers accurately track materials and products as they move through the supply chain. It includes tracking the lot or serial numbers, barcodes, expiration dates, and locations of raw materials, components, and finished goods.

The Manufacturing ERP software allow manufacturers to accurately monitor inventory levels as they move through the production process. It ensures that materials are well-stocked and utilized. Moreover, it helps manufacturers control costs, improve efficiency, and reduce errors associated with manual inventory tracking.

3. Supply Chain Management

ERP for Supply Chain Management is essential software for any business looking to streamline its supply chain operations and gain better control over the entire process from order tracking, forecasting, and inventory management to delivery optimization.

The business management software provides the ability to generate accurate reports to understand production planning, inventory levels, and delivery times. It also helps to ensure that goods are purchased from suitable suppliers and that products arrive on time and in the correct quantities.

4. Production Analytics & Reporting

Production reporting & analytics feature enable manufacturers to measure performance in production efficiency, resource utilization, delivery accuracy, and customer satisfaction. With these key feature, manufacturers can identify areas of opportunity and quickly take corrective action to ensure the timely delivery of products.

Besides, using the reporting and analytics features in the production ERP can help businesses determine various ways to make improvements in the manufacturing process. For example, furniture manufacturers use a dedicated ERP for Furniture Manufacturing to identify which raw materials might be overstocked, what products could be more efficiently manufactured, and how to minimize costs. It allows them to make more informed decisions and increase their profitability.

5. Production Management

Production management within an ERP system helps organizations automate and streamline operations, reduce costs and improve accuracy. It is an effective method for tracking, controlling, and analyzing production data. The system offers a wide range of tools and features such as Advanced Planning & Scheduling, and Material Requirements Planning (MRP) that enable production managers to identify and address areas of vulnerability.

It includes tracking stock levels, monitoring workflows, reducing Factory Overhead, managing costs and balancing supply and demand. ERP production management systems also provide real-time visibility of production operations.

6. Shop Floor Execution System

Shop floor execution systems (SFE) feature of Sage X3 delivers critical capabilities such as real-time tracking, automated job scheduling, and enhanced inventory management. Real-time tracking allows managers to monitor an entire production system in real-time, providing visibility into every step in the production process.

Let’s take a simple example of a pharma firm which uses Pharma ERP Software for various purposes such as automated job scheduling, managing resources & tasks, improving the utilization of machines and personnel. Also, it helps improve inventory management, allowing it to predict inventory needs more accurately and reduce excesses.

7. Financial Management

The Finance Module in ERP provides key insights into the company’s financial operations and allows you to identify the areas of cost reduction. It is a critical component of the manufacturing software, equipped with powerful & accurate budgeting and forecasting tools for setting highly accurate futuristic strategies for maximizing growth & profit.

The finance module reduces potential errors in your financial statements, improves your company’s cash flow, and lowers the risk of cash shortfalls. With better financial planning & reporting tools, you can make smarter & informed decisions, and maintain audit readiness.

8. Remote Accessibility

There are three types of ERP: On-premise, Cloud ERP, and Hybrid ERP. ERP software for manufacturers is evolving with time. A recent transformation in the world of manufacturing software is cloud-powered ERP eliminates the need to hire a dedicated team of IT engineers or worrying about complex technicalities associated with managing your own server.

Lower ERP cost and scalability to meet growing operational needs are other major benefits of using Cloud ERP. For example, if you’re a food manufacturer, you can go with a higher plan of the ERP for food industry to gear up for heightened demand during the festive season spikes. While the cloud-based ERP for manufacturing industry in India is a great option for small and medium-sized businesses, it comes with an important limitation. It is typically less customizable compared to an On-premise solution.

Modules of ERP for the Manufacturing Industry

Modules are core & essential components of the Enterprise Resource Planning tool that empower different business functions and aid strategic decision-making. Here are the most prominent ERP modules:

1. Master Production Scheduling (MPS)

A Master Production Scheduling (MPS) module is a powerful tool for optimizing production scheduling in an ERP manufacturing environment. It helps to create realistic production plans based on material availability and customer order demands while considering varying resource capacities. An effective MPS allows planners to set up multiple production scenarios and simulate different methods to find the most cost-effective and efficient approach.

It can be integrated with other modules to build a more comprehensive system. It helps to streamline processes, resulting in greater productivity and cost savings. With the right MPS in place, manufacturers can maximize the use of their resources and gain better control over their production.

2. Material Requirements Planning (MRP)

The Material Requirements Planning (MRP) module is essential to any manufacturing ERP system, because of its ability to to track and manage materials and resources. MRP helps manufacturers plan production schedules, develop orders, and manage inventory and material requirements. Automating these processes enables manufacturers to increase production efficiency, reduce costs, and improve customer service.

Sage X3’s MRP software can be fully integrated with the other modules of the Manufacturing ERP Software, such as inventory control and purchasing. It allows users to get real-time information on production and product performance. The system also helps reduce inventory costs by allowing manufacturers to forecast and plan their production needs accurately.

3. Advanced Planning & Scheduling (APS)

Advanced Planning & Scheduling is a module that helps manufacturers improve their business operations. It allows manufacturers to create a better plan and schedule production along with production-related activities to ensure they operate efficiently.

This also helps manufacturers optimise their resource utilisation, shorten production times, and reduce costs while maintaining the highest product quality. APS uses sophisticated algorithms and data analytics to forecast demand, analyze production capacity and identify bottlenecks accurately.

4. Customer Relationship Management (CRM)

CRM customer relationship management module aids manufacturers to gain insight into their customer base, improve customer service and loyalty, and generate higher sales. It also helps them to effectively manage customer relationships, maintain customer satisfaction and create profitable customer relationships.

With the Sage X3 CRM solution, manufacturers can track customer information, monitor interactions, and analyze customer data to develop better customer relationships. Automated workflows in the CRM System allow manufacturers to manage customer relations more efficiently and increase customer satisfaction. With it, manufacturers can also create campaigns to target potential customers and nurture existing ones.

5. Quality Management System (QMS)

The quality control system performs a series of quality inspections during the product manufacturing stage. This helps in early detection of product defects, and building high-quality goods with less time and costs. Ultimately, it results in higher customer satisfaction and builds trust.

Quality control is one of the best manufacturing ERP modules of Sage X3. It gives complete control over the product quality from the initial development stage to the end product. It ensures consistency in the quality throughout the entire process. Moreover, it also helps to measure production performance, identify nonconformities to take immediate corrective action. This reduces the chances of shipment of defective products, and higher customer satisfaction.

6. Fixed Assets Management

Fixed Assets are those assets that are unlikely to be converted into cash and intended for long-term use. They include land, buildings, vehicles, machinery, etc. The multi-level asset management feature of the ERP software for manufacturers keeps a complete database of all the organizational assets and helps you track & manage them efficiently. You can also schedule asset maintenance, and generate MIS reports for evaluating asset usage.

Best ERP for manufacturing industry can be used to streamline the recording of the general ledger entries pertaining to organizational assets, calculation of depreciation, and so on. Employees can tag assets into different categories, and upload their photos. It also provides detailed insights into asset utilization to maintain regulatory compliance.

7. Sales Management

The Sales Management System provides you with full control over the sales and marketing operations. Tracking leads and closing them faster becomes easier with this incredible Lead Management Tool. It lets you track sales orders using different parameters (such as name, or product name). Automated invoice generation is another handy feature that reduces data entry efforts and speeds up the approval process.

Your organization can benefit from the Sales Management module in various ways. Tracking, capturing, and managing leads will become easier, ultimately leading to faster deal closure and improved customer experience. With access to the right data, decision-makers will be able to accurately define credit terms.

8. Product Lifecycle Management

The Product life cycle management in ERP module deals with the product design process, managing the Bill of Material (BOM), and ensuring regulatory compliance. Moreover, it facilitates cross-departmental collaboration between different teams such as production and marketing.

The objective of the Product Lifecycle Management module is to centralize all product-specific data and simplify the transition of the product through different stages such as designing, development, and testing, among others.

Major Challenges Faced by the Manufacturing Industry

What are the major challenges faced by manufacturing companies? Let us discuss them one by one.

1. Integration of Operation across Multiple Locations

Manufacturing companies with multiple locations often face the challenge of integrating their operations. It is due to a need for more standardization, complex process management, and resource fragmentation across areas. To overcome this challenge, companies must work to streamline and coordinate their operations across all locations.

2. Lack of Critical Information

The need for more critical information has a significant challenge for manufacturing companies. With ever-evolving customer preferences, regulatory changes, and technological advancements, manufacturers must have access to the correct information quickly to stay competitive. Companies need the right data to stay caught up, leading to decreased profits.

3. Ensuring Optimum Resource Utilization

Manufacturing companies face the challenge of ensuring optimum resource utilization to maximize productivity and profitability. They need to plan and manage their resources to achieve their objectives proactively. It involves analyzing their current resources and deploying them most efficiently and cost-effectively. Some manufacturers’ common resource utilization challenges are an inadequate investment in technology, a lack of skilled employees, and inadequate planning and forecasting.

4. Reduced Employee Productivity

Reduced employee productivity leads to low revenue and poor customer service. Poor customer service leads to customer dissatisfaction and reduced customer loyalty, which can affect a business’s success. Factors affecting employee productivity in manufacturing companies include job stress, lack of motivation and recognition, too much work, or inefficient work processes. Companies must address these issues to ensure their employees remain productive and motivated.

5. Appropriate Inventory Control

Manufacturing companies need Inventory Management Software to effectively handle their inventory, reduce inventory costs, and gain efficiency. Inventory control ensures that manufacturing companies have suitable raw materials and components to meet customer demand. Inventory control can lead to decreased production, higher costs due to wastage, and delayed deliveries. Appropriate inventory control plays an essential role in a manufacturing company’s success. It keeps the company stocked with enough parts to meet customer orders, allowing it to remain competitive.

Who Needs Manufacturing ERP Software?

Hundreds of thousands of companies across the world — whether small, medium, or large-scale enterprises — use ERP for manufacturing company. Here’s why:

1. Small Businesses

Best ERP Software for Manufacturing industry is a vital tool for any business, no matter the size. It is especially beneficial for small businesses with limited resources and operations. The software helps businesses to keep track of inventory, financials, customer information and other data in an organized and efficient way.

Manufacturing ERP also helps to streamline processes, optimize operational costs and manage resources. Ultimately, small businesses can benefit from improved visibility, better decision making and increased efficiency while controlling costs.

2. Mid-Market

ERP Software for the Manufacturing industry helps streamline business processes such as finance, accounting, inventory control, order management, and customer relationship management. It provides an integrated platform to manage data and automate processes requiring manual intervention.

The mid-market ERP software helps improve the accuracy and timeliness of data and, thus, provides better insights into market trends and customer preferences helping mid-market companies to make informed decisions. Moreover, a well-implemented ERP system can help reduce operational costs by enabling automation. So, mid-market companies consider implementing an ERP to take advantage of its numerous benefits.

3. Large Enterprises

The need for ERP software for manufacturing industry becomes imperative as a business expands its operations which adds up to its complexities. Best ERP software in India provides a comprehensive, centralized view of all the data and processes involved in running a business, enabling decision makers to verify efficiency in the business operations.

It also helps companies to make long-term strategic decisions that can help them grow and remain competitive. By leveraging it, companies can save time and money while improving their customer service and overall performance.

What’s the Best Time to Invest in an ERP?

If you’re regularly facing one or more of the following scenarios, you should consider investing in the best ERP software for manufacturing in India – either in one shot or gradually in a phased manner:

  • Your company is growing in size and operations, and the legacy tools are insufficient to support growth.

  • You’re relying on multiple legacy tools for different purposes.

  • Your company is suffering from insufficient internal control and mismanagement.

  • Long & tedious manual tasks are affecting your employee’s efficiency and resulting in human errors.

  • You need a highly efficient & unified solution to optimize production schedules, manage the supply chain, and improve financial operations.

  • Your company is struggling to meet the compliance requirements.

  • You’re unable to cope with seasonal demand surges.

  • The decision-makers lack a clear & comprehensive view of the business operations.

  • You occasionally face inventory shortages & excess inventory issues.

  • Your organization is reactive to problems, rather than implementing a preventive approach.

How Does a Manufacturing ERP Software Work?

ERP for manufacturers streamlines various organizational operations and promotes the free flow of data across the organization. Here’s how it works:

1. Deeper Insights

ERP acts as the central repository of truth that empowers decision-makers with critical business insights for strategic planning and performance analysis. With the help of the right tools and accurate data in hand, the business gains a competitive advantage in the evolving market landscape.

2. Vendor Management

ERP software for manufacturers builds a complete database of all your vendors and tracks their performance. It helps you flag over-charging vendors and avail the lowest deals ever. It frees up your staff from the manual task of cost comparison so that they can focus on more productive operations.

3. Compliance Management

The consequences of non-compliance can be severe. Your company can face fines, penalties, and lawsuits, and it can impact the company’s reputation in the eyes of the general public. An ERP for manufacturers helps you stay compliant with complex & ever-changing regulations and mitigate risks.

4. Receivable & Payable Management

The AP Automation module streamlines vendor payments so that you can avail of early payment discount offers and maintain good terms with the vendors. Similarly, AR Automation speeds up the collections from your customers and enhances your cash flow.

5. Multi-location Management

These days, it’s common for large manufacturing companies to have different units across different locations. Overseeing operations across each of these units can be a tedious task. ERP for manufacturing industry equips decision-makers with real-time data syncing between different units and a holistic view of organizational operations for better planning.

6. Multi-currency Management

If you’re aspiring to take your business to the global level and capture new geographies, you’ll need a handy tool that supports global transactions. Manufacturing software automates currency conversion operations, provides a localized experience to your buyers, and reduces human work.

Why Manufacturing ERP is Important for Your Business?

The Best Manufacturing ERP Software helps manage your production processes, track inventory, and improve communication between departments. It can provide a single view of the entire business, which can help businesses make better decisions and improve efficiency. ERP software can be used to manage finances, inventory, operations, sales, and customer relationships.

Manufacturing ERP

  • Helps to streamline operations and improve efficiency.

  • Provides real-time information on production and inventory.

  • Allows manufacturers to make better decisions about what to produce and when to produce it.

  • Improves customer service by allowing manufacturers to quickly and easily access customer information.

  • Reduces costs by automating multiple business processes.

What is the Difference Between Generic ERP and Manufacturing ERP?

A Generic ERP is a type of ERP designed to meet the needs of multiple industries by providing common modules & capabilities. It is also known by other names such as Standard ERP.

A Manufacturing ERP, on the contrary, is a specialized solution for manufacturing companies that are looking to integrate various aspects of their business, and gain more control over the manufacturing process.

The main difference between a generic ERP and a manufacturing ERP lies in their goals. Generic ERP is typically equipped with a standard set of modules that are commonly used across all industries. This includes Inventory Management, Asset Management, Financial Management Software, and Sales Management System, among others.

In contrast, Manufacturing ERP comes with all of these modules, in addition to other manufacturer-specific modules such as Online Procurement Management System, Product Lifecycle Management, Production Scheduling, Shop Floor Control, Quality Assurance, and Materials Management, among others.

 Generic ERPManufacturing ERP
DefinitionGeneric ERP is an ERP with a broader focus on multiple industries.Manufacturing ERP is an ERP specifically designed to cater to the needs of the manufacturing industry.
Industrial FocusFocuses on manufacturing, food & beverage, pharma, plastic, auto ancillary, chemical & other industriesFocuses solely on manufacturing companies
Scope of Real-time DataProvides real-time data pertaining to different business operations such as production, inventory management, sales, marketing, customer support, etc.Provides real-time data pertaining to the manufacturing activity, inventory management, and supply chain.
Narrows down data to the maximum extent
RelevancyBest for small and medium-sized companiesBest for large manufacturers who need a specialized feature set
Customization ComplexityRequires advanced customization to meet the specific needs of the manufacturing industry.As the solution is already tailored to the needs of the manufacturers, it requires little to no customization
Implementation ComplexityLess complex than a Manufacturing ERP.Often more complex than a Generic ERP.
PriceRelatively cost-efficient compared to the Manufacturing ERPRelatively expensive compared to a generic solution.

Current Trends in the Manufacturing Industry

Manufacturing companies across the world are adopting new trends to improve their efficiency and stay ahead of the competitors. According to a news published in the Economic Times, India’s manufacturing sector, which contributes 17% to the nation’s GDP, has helped India become the sixth largest manufacturing country.

Let us discuss some of the recent trends:

1. Smart Factories

Companies are moving from traditional factories to smart factories. The smart machinery used in these factories can transmit information in real-time between each other through a centralized system of information monitoring.

2. Sustainable Practices

According to a news report in the Financial Express, India has set the target of reducing carbon emissions by 22% by 2030. Thanks to growing awareness about the need for sustainability among consumers, a large number of manufacturers are racing to embrace eco-friendly production process. This leads to lower carbon emissions, and reduction in the harmful waste (such as toxic chemicals) emitted in the environment.

3. Artificial Intelligence (AI)

Artificial Intelligence (AI) and Machine Learning (ML) helps manufacturers reduce their reliance on on-site monitoring, and automate complex processes. AI analyzes vast amounts of data collected from different sources, and identifies trends & patterns for smart & informed decision-making.

4. Internet of Things (IoT)

The integration of Internet of Things (IoT) devices enables manufacturers to perform a root cause analysis, and identify machine defects through predictive analysis. Early identification of defects leads to lower downtimes, workers safety, maximum asset utilization, and adherence to the best industry practices.

5. Predictive Maintenance

Predictive Maintenance is a strategy aimed at reducing machine breakdown and reducing downtimes. The Maintenance Management System analyzes the machine’s historical data (including error logs) and automatically predicts potential failures. Regular maintenance repair and overhaul encourages timely action on potential issues, lowers the frequency of outages and improves the operational efficiency of your machinery.

6. Wider Cobot Adoption

Cobot is an abbreviation of collaborative robotics in which robots are programmed to work alongside humans rather than replacing humans. The adoption of cobots liberates humans from potentially dangerous tasks, and enhance efficiency.

How Sage Manufacturing ERP Can Assist You?

Sage X3 is a best-in-class solution that provides you with insights into your business performance, advanced reporting, and analytics features so that you can improve speed, identify problem areas, and take corrective measures.

The software offers an extensive list of features such as business intelligence, inventory management, shop floor control, quality assessment, advanced reporting & analysis, warehouse management, and seamless integration with other systems. As your business grows, you can opt for more add-on modules to adapt to your unique business needs.

With a single view of your critical business data, your company makes informed decisions, and becomes more connected, agile, and adaptable to changing business needs.

Top Industries We Serve

Frequently Asked Questions

Manufacturing ERP (also known as Manufacturing Software) is a comprehensive, integrated application suite that automates and streamlines manufacturing and production processes. These systems give companies greater visibility into their production processes, allowing them to track and manage their resources better. ERP systems enable production businesses to monitor inventory levels better, monitor supplier performance and manage customer orders.

An ERP software for manufacturers is a centralized tool that enables real-time monitoring and managing every aspect of daily operations and processes, including every method from production payroll. The software helps manufacturing companies gain high coordination and visibility. This all results in higher operational effectiveness.

Material Management ERP enables organizations to have more accurate and timely control over their supply chain, from goods acquisition to delivery process. In other words, manufacturing process management software simplifies the process of ordering, tracking, and distributing materials. ERP for manufacturers also helps organizations reduce costs, streamline operations, and comply with regulations. It can track orders and deliveries, optimize inventory, provide pricing tools and improve purchasing processes.

Yes, we customize ERP systems as per the requirement of your company. Our team of experienced professionals understands your company’s business needs and customizes the ERP system to match your company’s specific requirements. We can customize the ERP system to integrate with existing systems and provide you with the flexibility to customize the system to suit the ever-changing needs of your business.

There are various advantages of ERP that leverage cloud technology. A web-based ERP in manufacturing helps streamline all business functions and departments through standard processes. It also helps manufacturing businesses meet quality compliances and give outputs faster with top manufacturing solutions. The system also provides high services to customers, partners, and more.

Enterprise resource planning implementation can be a complex process. The time it takes for an ERP system to go will depend mainly on the project’s scope and the complexity of the system being implemented. Generally, organizations can expect an ERP implementation in the manufacturing industry anywhere from two weeks to six months, depending on the size and complexity of the project.

For a small business, the time frame can be relatively short. Initially, the length of time it will take to go live can be estimated by assessing the project’s scope. As the project management software progresses for the manufacturing industry, the timeline may need to be adjusted depending on the team’s progress.

The definition of manufacturing ERP software is Enterprise Resource Planning software for manufacturing which helps streamline all critical operations in the business and helps improve efficiency and productivity. It is an all-comprehensive tool that helps your business manage its diverse operations through a single and unified interface. It is an ideal solution for companies looking to gain from real-time accuracy in the information, optimize processes, and meet specific needs.

 

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