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5 Things Manufacturers should Consider when choosing an ERP

There are many ERP solutions on the market, and choosing the right manufacturing management system can be difficult, considering that many of the options offer similar features and capabilities. However, it is vital to consider what your unique requirements are in deciding which solution is the best fit. We have made this simple guide detailing 5 things manufacturers should consider when choosing an ERP solution.

 

There are five key elements that manufacturers should consider on their journey to choosing which ERP solution is an ideal fit for their manufacturing management processes and operations.

a guide detailing 5 things manufacturers should consider when they choose which ERP software to buy

Productivity. 

The first question to ask yourself is, what can the software do to improve your team’s productivity? 

Perhaps your current solution does not do what you need it to do and you are considering switching to a more integrated solution that has all the functionalities your require in the core product and are tired of having to buy 3rd party plugins to complete basic tasks. Maintaining multiple integrations between applications is frustrating.

In this case, you would need a solution that is intuitive and easy for your staff to adopt. A solution that offers flexibility and ease-of-access from anywhere using any device is ideal considering the current pandemic and the plight of having to accommodate a remote workforce.

Further improve your productivity with a solution that enables you to automate business processes, approvals, and notifications. Ensure that your entire team is on the same page by providing them with centralized access to information and easy sharing of company documents among any combination of teams, departments, and external users.

A great ERP solution enables you to make better and informed decisions through the availability of comprehensive reporting capabilities.

Functionality. 

Secondly, you need to ask yourself, what features and functionality does the Manufacturing ERP have that perform the daily accounting and business management functions?

If you operate from more than one site, location, or even country, you require a solution that supports multi-company, multi-warehouse, and international companies, including financial consolidations, intercompany eliminations, and reconciliations. 

5 things manufacturers should consider when choosing erp software

This brings about one important factor. Managing finances for multiple locations can be complicated. Your solution should offer all the financial management functionality, such as your standard accounting functions, including General Ledger, Accounts Payable, Accounts Receivable, Cash Management, Tax management, and more.

A modern system should speed up your processes and allow you to go from quote-to-cash. Create quotes, convert them to sales orders, check inventory availability, perform credit checks, manufacturer, pick, ship, invoice, and collect payments with ease.

Furthermore, an ideal ERP for Manufacturers gives you control of bills of material (BOM), routings, engineering changes, and custom configurations and provides multiple levels of BOM for both engineering and costed views of the entire product structure.

Create a master production schedule (MPS) that plans production based on actual and forecasted orders and utilizes both forward and backward scheduling methods to allow flexibility.

Technology. 

Is the solution future-ready? Manufacturing management systems are a big commitment. Does yours offer the correct usability, customizability, and maintainability?

Choose an ERP that lets you view and interact with every page of the application on any device with a minimum of resizing, panning, or scrolling. Get a system that offers the ability to modify and customize business logic to meet your organization’s unique requirements.

Considering that the software should adapt to you and not the other way around, your ERP vendor should enable you to plan upgrades at dates and times that are convenient to you and your company.

Not everyone wants to operate in the cloud.

choosing manufacturing erp

The product should support both on-premise and cloud deployments and let you switch deployment models if and when you are ready.

Value. 

How does the product maximize features and functions vs. cost for the usable lifetime of the product?

Reduce the total cost of ownership over the foreseeable lifetime of the product (at a minimum of 3-5 years), including licensing, support, hardware, upgrade, and hosting costs. Be sure to add the cost of additional products required to run the system (web server, eCommerce platform, database server, collaboration tools, CRM, etc.), which includes all required hardware, licensing, and support costs. 

Scale as you grow with an ERP that offers the ability to accommodate heavier volumes, more resources, and more users as your business grows. Pay only for what you use. Add more resources when you need them.

Cloud deployments reduce the need for initial cash outlay for hardware and software purchases. Cloud deployments also reduce the amount of internal IT staff required for hardware and software support and maintenance. 

Risk. 

How does the product minimize risk and facilitate security (both network and financial security)?

Given that you require a solution with predictable monthly costs, choose one that ensures you are not vulnerable to spikes in IT costs. Standardizing on a platform allows you to predict your monthly cost for the system.

Eliminate time delay and risk of unplanned costs by deploying quickly with a cloud solution. Reduce risk by using a software vendor with the solutions and knowledge for your specific industry. 

choosing manufacturing erp software

At Brilliant Link, we offer on-premise and cloud ERP solutions that are tailored to your unique requirements. Our team is fully experienced in implementing ERP solutions for multiple industries and we assure you that we can help you choose the perfect solution that will fulfill all your business management needs.

Give us a call on 011 794 9521, and let us have a chat about what you need and a solution that is a great fit for you.

These were our 5 things manufacturers should consider when choosing an ERP software solution.

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