ERP for Manufacturing Industry in India
Manufacturing industry is rather a exceedingly an labour intensive industry where many operations largely depends on the labour and operations carried out by them. Manufacturing industry have various categories like steel manufacturing, auto manufacturing, aerospace manufacturing, and consumer goods manufacturing. All these manufacturing industries comes under one roof which is manufacturing. The larger the manufacturing industry is, the huge requirement for management of resources in require to manage the operations and tasks in the industry. This creates a huge pressure on the managing team as human intervention is necessary at every corner.
To tackle this problem an ERP software for manufacturing industry is indeed necessary. An ERP software or an Enterprise Resource Planning software is a software which manage and automates most of the things in the industry, including the tedious operations which require constant human attention. Right from the procurement of raw material to the production and shipment, manufacturing industries posses a huge series of tasks and challenges on the managing team. To solve this complex series of challenges, ERP for manufacturing industry is pivotal.
What is ERP for manufacturing industry?
As stated earlier manufacturing industry have lot of operations to manage, and to solve this problem many industries look for automated solution to manage the string of operations. Apart from bring automation, the ERP software also solves hurdle of analyzing information and statistics without any manual calculation on its own. By doing this the software ensures that the minimum human intervention is allowed so that the speed of the operations increases. The rapid work speed yields more profit to the business. There are various modules in the ERP for manufacturing industry which are listed below:
Conclusion
To sum up the entire article, the ERP software for manufacturing industry does all the tedious jobs which a huge team of workers can do. This reduces the manpower in the industry and allows automation to do its work for them. So ERP software for manufacturing industry is indeed important.
What is ERP for manufacturing industry?
As stated earlier manufacturing industry have lot of operations to manage, and to solve this problem many industries look for automated solution to manage the string of operations. Apart from bring automation, the ERP software also solves hurdle of analyzing information and statistics without any manual calculation on its own. By doing this the software ensures that the minimum human intervention is allowed so that the speed of the operations increases. The rapid work speed yields more profit to the business. There are various modules in the ERP for manufacturing industry which are listed below:
- 1) Inventory Management
- This module is exceptionally important as right from procurement of raw material to production and shipping, this module automates the entire process by keeping accurate and correct information and tracks all the orders which are manufactured in the industry. This is the core module of the manufacturing industry.
- 2) Procurement Management
- With the help of this module, the ERP software estimates the need of raw material, sorts it out and gives an report for the purchase of the raw material. Also the module tracks the procurement of raw material so that it needs not to be wasted.
- 3) Finance and accounts:
- This module of ERP software for manufacturing industry keeps the finance in control and manages the accounts for profits and losses. The module also prepares a balance sheet which can tell lot of about business’s profits and losses. This module also helps in budgeting.
- 4) Human Resource Management:
- As stated earlier, the manufacturing industry is extremely labour intensive, hence a large force of workers are needed to carry out the operations. HRM module in ERP software makes sure proper work is assigned to specifically skilled labour so the resource is not wasted.
- 5) Customer Relationship Management:
- The Customer Relationship Management or CRM module is mostly used for maintaining a healthy relationship with the customers. It tracks all the communication with the customers, and every transaction is stored and recorded in details. Due to this module in ERP software, the managing team of manufacturing industry can interact with the customers and know their requirements.
Conclusion
To sum up the entire article, the ERP software for manufacturing industry does all the tedious jobs which a huge team of workers can do. This reduces the manpower in the industry and allows automation to do its work for them. So ERP software for manufacturing industry is indeed important.