ERP as a single source of business truth for Manufacturers

Top rated manufacturers are more than two times likely to implement a single end-to-end ERP system which matches all the key functionalities that used to be previously provided by multiple bespoke and disparate systems that are perhaps turning obsolete, as the organization outgrows these legacy systems.

ERP as a single source of business truth

Implementing an end-to-end web-based ERP solution enables users across different departments to tap into a system that can be used for processing transactions, extracting reports and aids in decision-making anytime, anywhere. Essentially, what end-to-end ERP gives you, is a platform that acts as a single version of the business truth.

Collaboration across the value chain – From the Shop Floor to the Executive’s floor.

Manufacturers can certainly improve synchronization and teamwork in by leveraging an end-to-end ERP. Sharing information across departments and also being able to share information with external business stakeholders like suppliers, investors and the like can greatly ease business communication and organizational productivity. For example, vendor collaboration helps demand planning, reduces inventory levels, and aids in securing better pricing from suppliers and ensures prompt delivery. An organization can also communicate better with customers to ensure that they get the right products, where they need, when they need them.

Transparency to Visibility to Traceability for maximum Quality Assurance.

Transparency, Visibility and Traceability all happen to be highly important factors for success in a manufacturing environment. An efficient and effective ERP system can deliver results at the various levels of the manufacturing business when it comes to quality assurance. It can improve transparency in terms of the manufacturing processes under practice, visibility in terms of quality standards under maintenance and traceability (location, movement or usage) being monitored.

Performance Measurement and Profitability Reporting

An end-to-end ERP solution has been found to support manufacturers in more ways than one. While on one hand, it can be instrumental in measuring performance across key metrics including timely delivery, compliance checks and accurate inventory monitoring, on the other hand, increased performance is bound to result in higher profitability that gets reported and further analyzed.

Hence it can be concluded that an ERP can serve a manufacturing-led business in more ways than one. Most importantly, it can serve as the single most authentic source of business truth.

By | 2019-08-16T14:04:53+00:00 September 17th, 2018|ERP Consulting, ERP Solutions, ERP System|

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