Small Manufacturing Companies have a unique profile, specific to them. Their business cycle is more sensitive to market demand fluctuations. They have to surmount the challenge of producing high quality goods with limited resources while remaining cost effective and competitive. To combat these complexities, small manufacturing companies must streamline their operations, enhance efficiencies and mitigate chances of mismanagement by becoming a data driven organisation. An ERP software for small manufacturing companies can help them achieve these desired goals. In fact, it is the most game-turning investment, a small manufacturer can make.
Streamlined Operations
An ERP system can help streamline operations within an organisation and enable it to become a more efficient, agile and resilient entity. Without any ERP system departments and functions of a manufacturing company may become disjointed, with little or no real coordinating synergy.
An ERP system integrates all the disparate functions and departments into a single, unified, interlinked solution. Information flows smoothly and seamlessly across the organisation. For example, your procurement team can benefit from ready access to inventory levels to craft informed purchasing decisions. Your production team can benefit from real time tracking of materials and resources, to minimize downtime while ensuring on-time production schedules.
Enhanced Decision Making
In the case of small manufacturing companies, even a single decision can have far reaching consequences. ERP software facilitates informed decision making, with real time data, KPIs, and advanced analytics. It offers preventive, reactive and predictive insights into routine operations. It enables a holistic approach to manufacturing and accuracy in decision making. Managers can optimize resources, forecast demand and identify hidden potentialities in the business.
For instance, you can track production costs and identify areas where waste needs to be minimized. With an ERP system, you can access analytics on customer orders and production schedules to predict demand fluctuations, and replan your inventory management and other operational moves.
Improved Efficiency – Reduced Costs
Small Manufacturing Companies often have to deal with capital crunch while having to maintain all important quality standards and robust efficiency. ERP software can create a breakthrough in the case by automating repetitive tasks, minimizing manual errors and optimizing utilisation of resources.
For instance, the ERP system can automate inventory management. You can monitor and track resources and finished goods to optimize inventory levels. This way you can ensure against the problems of overstocking or stockouts. Keeping inventory levels in control frees up capital and resources, which can be dedicated to other strategic core areas, to develop and grow.
The ERP system also automates your financial management processes. You can use it to improve and automate invoicing, payroll and financial reporting. This helps save time, reduce financial stagnancy and errors, and enhance efficiency in financial processes.
Empowering Scalability and Growth
Small Manufacturing Companies are aspirational for unstinted growth, but often find the scaling process a bit daunting. The ERP system is a ready solution to simplify the scaling operations. It is designed to scale alongside the company as it grows. Whether you are adding new divisions, increasing members in your team or adding new departments and functions, the ERP system can accommodate all the changes, without causing any disruption to your business.
Ensuring Compliance and Quality Control
Maintaining high quality standards is an imperative for small manufacturing companies. To expect quality output from the production department you need to keep a close check on the quality levels at various stages of production. The ERP system for small manufacturing business covers the complete inspection stages of the whole business. You can generate Quality Inspection and Quality Assurance reports, to manage quality, capturing the non-compliant as well as corrective measures in a single database. With the ERP system, you can perform a complete audit process, such as planning, executions, and follow-ups.
Top ERP Company for Manufacturing Businesses
B-Square Solutions, as your single stop ERP software development company has been successfully implementing a bouquet of diverse solutions and services all over the globe, since over two decades. With efficient project management practices, international standards to comply, flexible engagement models, the most intelligent and skilled technical team and amazing customer support, B-Square Solutions is a customer’s delight.