Benefits of an ERP for the manufacturing industry

For over the years, the manufacturing industry has become extremely competitive. Manufacturing industry of all types and sizes are expected to create, build and deliver superior quality products at  the lowest costs to grab a substantial market share and win new customers while retaining old ones.

YFOS ERP for manufacturing help leverage advanced features and functionalities to improve all facets of their manufacturing processes – from sourcing and procurement to production, warehousing, quality testing, and delivery. YFOS ERP for manufacturing can enhance efficiency, diminish costs, and increase sales and profitability, an ERP solution  like YFOS for manufacturing can be a gateway to solving your manufacturing limitations such as poor production scheduling, excess manpower and more.

Automation of manufacturing processes
Manufacturing process automation not only speeds up the overall production process but reduces the instances of errors significantly. By moving from manual to automated manufacturing, a firm reduces its dependency on humans and therefore the process become simple and more accurate. Automating tasks improves profitability and the customer experience.

Improved collaboration and communication
Manufacturing ERP systems enable firms to share important production-related data with not only internal employees but with external stakeholders such as suppliers, distributors and sometimes even end customers. This improves communication and collaboration leading to smoothening of activities among these key business partners. For example, when a vendor is falling short of inventory, he can use the ERP software to communicate the requirement to the sales team. The information for orders provided by the sales team can be communicated to the operations team and the additional products can be manufactured. Thus, ERP for manufacturing process allows department heads to effectively manage data from external parties to enhance decision-making efforts.

Reduced costs
ERP systems for the manufacturing vertical significantly reduce costs despite the high initial investment. By increasing worker productivity, the ERP solution minimises overtime and related labour expenses. Enhanced precision and lower error rates in production floors reduce the scrap and re-work that can drain financial resources. Better tracking of inventory, spare parts, and components, combined with more accurate production planning, eliminate excess inventory and warehousing costs. Finally, improved visibility into all financial aspects of production can help identify potential areas for savings and reduce the cost of goods sold.

Enhanced agility
Enhanced control over inventory, accurate production planning, streamlined scheduling, and coordination of distribution channels enable companies to improve on-time delivery of products, a critical performance metric for today’s manufacturers. Being able to get products on time to their destinations is critical to maintaining customer satisfaction. ERP solutions for manufacturing processes offer data in real-time so decision makers can get a realistic view of inventory levels at any time.

Manufacturing ERP solutions like YFOS ERP help enhance collaboration, automation, and improve process tracking. This in turn helps you increase productivity and profitability while keeping the end customers satisfied.

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