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6 ways ERP can support your Supply Chain Efforts

On Monday, 09 Nov 2015
6 ways ERP can support your Supply Chain Efforts

Almost all the manufacturing businesses, be it process or discrete manufacturing, have several business critical areas which are related to supply chain management. Every business owner wants to integrate their supply chain right from procurement of raw materials to the delivery of the end product to the customer. Organizations are constantly seen trying to improve Supplier and Partner Relationships, Inbound & Outbound logistics, Product Planning & manufacturing setups and distribution, sales & deliveries.

Having the right information from each of these areas, at the right time and in the hands of the right decision-maker is imperative. It can make all the difference between becoming an industry leader and being a follower. A robust enterprise-wide system can certainly help integrate all the transactional data and offer meaningful information which can help in planning & executing business decisions. Let us look at what an ERP (Enterprise Resource Planning) Solution for the manufacturing industry can provide to streamline the supply chain management process –

  • Improve supplier relationships
    • ERP systems can help your business in identifying and selecting the perfect supplier for your unique needs. It provides features to register and manage suppliers, perform supplier performance evaluation and deliver you accurate and relevant information that cuts your supplier management costs drastically
  • Optimize & perk up operational efficiencies
    • With an ERP system in place, you can drive factory and shop floor improvements that will ultimately help you achieve your production goals
    • ERPs come with features that allow you to optimize your asset utilization and equipment reliability with real-time information inputs
    • Achieve complete visibility into the production flow with synchronized processes and enhanced collaboration
  • Take better decisions based on precise & real-time  information
    • With the help of data visualization tools and real-time business insights you can capture new market opportunities ahead of your competition
    • Managers have the right information on their dashboards at the right time to make faster, better decisions
    • With the new Big Data analytics and cloud services, you can have enterprise-level performance insights at your fingertips in no time
  • Track demands accurately & globally
    • Get your hands on customer preferences and latest opportunities by generating forward-looking actionable reports
    • Make the most of demand forecasting tools to adjust your inventory levels by factoring in seasonality and consumer trends
  • Faster distribution and delivery
    • Improve your customer service levels by making best use of  real-time schedulers for scheduling your batch deliveries or real-time shipments
    • Reduce your distribution costs by managing and optimizing delivery routes and collection processes
  • Shorten sourcing Cycle Time
    • ERP systems help you optimize your negotiation lifecycle and streamline supplier negotiations
    • They provide accurate supplier performance data, responses, drill-down activity reports which help you take necessary actions to shorten your sourcing cycle time These are just some of the ways an ERP system can support your Supply Chain management efforts and help you improve your bottom-line and efficiencies. Every growth-oriented organization must consider implementing an enterprise-level suite of applications which can provide accurate, timely and vital information about the business.
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