In 2018, manufacturing was a leader of U.S. Gross Domestic Product by Industry with six consecutive quarters of growth. In fact, durable goods manufacturing grew 2.6 percent in second quarter of 2018.
With such a growth in this industry, manufacturers are seeing an uptick in business, which means there is an extreme need for the organization of daily business processes that cannot be handled by one person or a small team of people. With a booming amount of growth in consecutive quarters, manufacturers should turn their attention to a modern software designed to help the manufacturing industry, enterprise resource planning software, also known as ERP.
How Can ERP Systems Help Manufacturers with Growth?
Manufacturing ERP software solve a number of challenges and provide invaluable benefits to manufacturers seeking to reduce costs, manage growth, streamline processes, and gain a competitive advantage.
So how does ERP help spur growth? In a word: Efficiency. Time critical information is stored and accessed in a central database allowing all departments to access and update data in real time. Tasks can be automated, reducing the time needed to pull data and communicate it across departments, ultimately leading to better productivity.
Enterprise resource planning software integrates all areas of the manufacturing process so that every business function relies on a single database, including:
- Materials and inventory
- Production and scheduling
- Operations and sales
- Accounting and finance
- Human resources, etc
Main Benefits of Manufacturing ERP Software for Manufacturers
- Streamline Processes
As manufacturers grow, their operations become more and more complex. ERP manufacturing software automates all business operations, providing accurate, real-time information. ERP increases efficiency and productivity by helping users navigate complex processes, preventing data re-entry, and improving functions such as production, order completion and delivery.
- Cost Reductions
With one source of accurate, real-time information, ERP software reduces administrative and operations costs. It allows manufacturers to proactively manage operations, prevents disruptions and delays, breaks up information logjams and helps users make decisions more quickly.
Modern ERP manufacturing software systems are robust, flexible and configurable. They are not a one-size-fits-all proposition but can be tailored around the unique needs of a business. ERP systems also have the ability to adapt with the ever-changing needs of a growing business.
ERP systems may require an investment, but there’s also a cost to doing nothing. Manufacturers cannot afford to put off an ERP implementation while their competition invests in ERP and begins reaping the benefits.