Month: March 2022

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Improve The Manufacturing Process With The Right ERP Software

ERP for Manufacturing Industry
People working at factory webpage. Operational workers, conveyor belt, assembly line. Industry concept. Vector illustration for topics like production, machine, blue color

Almost every manufacturer wants to create an effective workflow process which will help them maintain productivity levels, fulfil the requirements of their clients and increase their business. The demand for customised ERP for the manufacturing industry is gradually increasing. It is one of the easiest ways manufacturers can streamline various manufacturing operations and increase efficiency.

The right software will also help in boosting productivity, improving lead times and easing inventory management. Few of the vital tasks undertaken by manufacturing companies are inventory management, tracking materials and Billing of Materials. Most of the tasks undertaken by manufacturing companies require flawless coordination and communication across various departments and levels.

Few Ways ERP Software Can Help In Upgrading Manufacturing Processes

Streamline The Management Process

Since various products are made during the manufacturing process cycle which is delivered to the customers, maintaining product inventory is an integral part of the industry. Manufacturing companies should have the right materials in adequate quantity to complete the manufacturing process without any hassle. Various issues might arise if product inventory and materials management don’t go hand in hand. You can upgrade various processes automatically with the right ERP software. 

Prepare For Customer Demand

Some companies prefer tracking data in a manual manner instead of relying on ERP software. It becomes a challenging task for them to understand the level of inventory required. Once the forecasting department starts using the software, they can make a more informed decision. ERP for the manufacturing industry will keep them informed about changes in customer demand. They can use real-time and previous data to forecast the demand for customers in the future without much effort.

Collaborate With Customers and Suppliers

Various manufacturing processes will improve if there is an efficient collaboration between customers and suppliers. You can consider using Enterprise Resource Planning to reduce response times. There will be uninterrupted internal communication between various departments in the same organisation. It will also improve the collaboration between the stakeholders.

Since the manufacturing industry can benefit in so many ways with the right ERP software, it’s time you get in touch with the ERP experts at LNSEL.

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3 Ways EPC Companies Can Benefit With ERP Software

ERP for EPC Companies

If you want to manage various business functions using the same platform, it’s time you start looking for a reputable company developing ERP software for EPC companies. The objective is to get operational efficiency and better transparency. Not only will the software help you manage the issues on your premises but even your employees can connect remotely using VPNs. Numerous remote workers can stay connected, which is a blessing in disguise for EPC companies. They can keep themselves updated about job costs, project documents, budgets, contracts and payroll. They can use their mobile devices to enter data and sync the information to the cloud system.

Few Benefits Of ERP For EPC Companies

Manage Project Schedule

Two vital aspects of every EPC project are project planning and scheduling. EPC organisations can lose clientele and money in the form of labour costs if they fail to complete their targets on time due to inefficient planning. Project planning and management will become easier with the right ERP Software. Managers will have more control over the project to efficiently plan the tasks and follow them. They can even track the project’s status, delegate assignments and create milestones.

Estimate Revenue

EPC companies have to follow legally binding contractual agreements when providing services. Generally, they start bidding for a tender after providing an estimated cost of the project. The customer considers the firm’s reputation, the proposed quotes and the proposed design before choosing the most suitable bid. ERP for EPC companies is specially designed to make it easier for them to provide accurate quotes for raw materials, design and human resources. They can even use it to calculate accurate revenue.

Inventory And Materials

Managing inventory and materials is a complicated and time-consuming task for EPC companies. They can ease the procurement of materials, planning and storing, real-time inventory tracking and timely disposal with customised ERP software. Using one almost becomes necessary when working on multiple projects. How the materials and inventory are managed determines the profitability of an EPC company.

Since ERP software can benefit EPC companies in so many ways, it’s time you get in touch with the experts at LNSEL for Biz ERP.