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Digital Transformation is altering the manufacturing sector with IoT technology and industry 4.0. A popular solution is ERP for manufacturing which integrates different business functions.
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ERP For Manufacturing www.praxisinfosolutions.com
Introduction • Digital Transformation is altering the manufacturing sector with IoT technology and industry 4.0. A popular solution is ERP for manufacturing which integrates different business functions. ERP For Manufacturing: Importance, Features, and Benefits
Why do Manufacturing Companies Need ERP? • • ERP manufacturing module is beneficial to all manufacturing companies. • • ERP enables the management and integration of different processes. • • ERP for manufacturing provides the latest information to all business departments or processes. ERP For Manufacturing: Importance, Features, and Benefits
Key Features of Manufacturing ERP Systems • • ERP solutions have multiple modules with functionalities. • • Manufacturing modules provide a real-time view of manufacturing operations. • • The inventory management ERP module helps manufacturers get complete control over inventory stock and streamline inventory purchases. • • Automation of manual processes will decrease human effort and errors. ERP For Manufacturing: Importance, Features, and Benefits
Key Features of Manufacturing ERP Systems • • Helps to make sure that finished products meet the quality standards and regulations. • • Track financial transactions, boost profits and lessen business expenses with the accounting module. • • Supply Chain and Distribution modules enable tracking of the real-time movement of products across the supply chain. ERP For Manufacturing: Importance, Features, and Benefits
Benefits of Manufacturing ERP Systems • • Improving Productivity • • Elimination of Process silos • • Decreases Business Costs • • Improvement in Forecasting and Reporting ERP For Manufacturing: Importance, Features, and Benefits
Choosing the Right Manufacturing ERP Tool • • ERP solutions are categorized based on the deployment method • • On-premise ERP solutions are expensive and have limited scalability. • • Cloud-based ERP offers more flexibility than on-premise and is more cost-effective. • • Hybrid ERP combines both on-premise and cloud ERP. ERP For Manufacturing: Importance, Features, and Benefits
Conclusion • • Digitalization of operations should be continuous in manufacturing companies. • • ERP for Manufacturing like SAP enables manufacturers to achieve process efficiency and agility in operations. • • SAP B1 enables general manufacturers to decrease operational costs and boost productivity. ERP For Manufacturing: Importance, Features, and Benefits
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