The word ‘investment’ often raises the flags in the minds of business owners and they start calculating the cost-benefit ratio. The case in question is very much true for an ERP solution. Agreed, there was a time when the cost and efforts involved in implementing an Enterprise Resource Planning software were really high, but today, technology has transformed drastically to fit ERP in every business owner’s pocket. The modern age ERPs are now convenient and affordable. Add agility and scalability as per the ever-changing business needs as the bonus.
No matter how scary investing in an ERP might sound to SMEs, but is one necessary investment today considering the growing competition, shrinking margins, varying demand and over-concerned, quality-freak customers. In order to cope with these issues and gain profits, ERPs are instrumental. By streamlining operations, helping stay informed with up to date market trends and improving business decisions, it keeps you ahead in the race. However, many organizations still are reluctant in embracing an ERP software, probably due to heavy capital and efforts involved, thereby landing up stagnating their growth or collapsing under the huge pressure from the rivals. So considering the current scenario, process manufacturing ERP is one investment by the manufacturing industry owners that shouldn’t be neglected or delayed.
Why shouldn’t the investment in manufacturing ERP be delayed?
Not one, but we give you five compelling reasons to believe that the investment in a process manufacturing ERP solution is just worth it.
1. Because it Identifies Customer’s Buying Patterns– Since customers have become the focal centre of everyone’s attention, what ERP does is it helps in identifying the buyers, analysing their preferences and categorising them according to their purchase history and preferred choices. Thus the task of a manufacturer is sorted out and he is able to meet the frequently changing customer demands quite before its competitor.
2 Because, it Offers Centralized Control– The ERP centralizes information from all different departments and processes it on a single database offering a single version of truth. Ultimately saving the manufacturers from the pain, error and expenditure of maintaining separate databases plus staff to keep records on excels and spreadsheets. Moreover, with the help of cloud-based ERP solutions, one can monitor and control the entire supply chain from anywhere, anytime and over any available device.
3 Because, it introduces growth through Business Intelligence– ERP can help deliver the benefits of big data analytics, artificial intelligence, and operational intellect. Most of the manual tasks are being automated, the remaining staff can focus on being more productive; thereby reducing administrative costs, and financial room to concentrate on innovation and growth strategy. The right mix of business analytics and operational intelligence can assure assertive opportunities for growth.
4 Because, it reduces Cost of Ownership– The standardized and streamlined business processes curb wastage and encourages lean manufacturing. The cost of manufacturing is checked at every stage; right from procurement to deliveries, the most cost-friendly supplier or distributor is picked up by the system. Therefore, one time investment that saves cash at every possible junction is an absolute value for money.
5 Because, it boosts Revenues– Due to automated production by ERP, the quality and efficiency of each batch are enhanced and the manufacturer is now able to fulfil ever-growing demands on time. More sales mean more revenues! It even helps meet good manufacturing practices and stringent regulatory requirements, saving you many bugs wasted in audits, recalls, legal suite etc. Therefore, this one investment can result into a significant drop in wastage, losses, additional expenses, giving you a steep rise in your profit graph.
BatchMaster ERP for Process Manufacturing is one such bait for a smart investment. BatchMaster offers a variety of solutions designed specifically for formula/recipe based manufacturers. The solution is developed to streamline business-critical operations such as Product Development, Formulation, Planning, Procurement, Production, Quality, Compliance, Sales & Finances. Also available on the cloud, BatchMaster ERP is flexible, scalable, yet affordable solution and one of the prime choice for business owners in manufacturing arena. Share your contact with us on firstname.lastname@example.org or visit us at https://www.batchmaster.co.in/