Why is cloud-based ERP important for manufacturing industry
Industrial manufacturing is a major growth sector for the Indian economy. Today, this sector is becoming globally competitive because of several initiatives like Make in India, favorable startup culture, Digital India and so on. The Indian manufacturing sector has the potential to reach US$ 1 trillion by 2025 and India is expected to rank amongst the top three growth economies and manufacturing destination of the world by the year 2020. In order to achieve this position Industrial leaders in India are looking at digitalising their vertical and horizontal value chains. They understand the criticality of digital transformation in the global space. Hence, they are using these new age technologies like AI, Big Data, Machine Learning, and Cloud-based SaaS applications like Enterprise Resource Planning (ERP) for the growth. In this article we will be talking about the advantages of ERP for manufacturing industry.
ERP is a tool that helps manufacturing companies run their operations efficiently – from production planning and process scheduling, to quality, compliance and inventory control – while reducing total costs. An ideal ERP uses a centralised repository/ database which allows different departments to communicate with each other seamlessly, without having to maintain data at multiple locations. Additionally, it is beneficial in forecasting the future that can help an organization increase its profitability.
Deskera a leading vendor of ERP in India and the no. 1 choice of SMEs in South East Asia has a dedicated cloud-based ERP module for the manufacturing industry known as Deskera Manufacturing Resource Planning (MRP). With its unique features it helps enterprises gain real-time visibility into every stage of the production process. MRP helps enterprises optimize the entire manufacturing process and help deliver sales orders on time with optimal cost effectiveness.
“We have always been committed to helping manufacturing companies enhance their business productivity and growth. With our affordable cloud-based products, enterprises can have access to relevant information on the go. All one needs is an internet connection and mobile device such as a mobile phone, laptop, or tablet,” said Somesh Misra, Co-founder and VP-Product. “Being the pioneers of cloud-based MRP in India and South-East Asia, we are determined help SMEs change the way they have been doing business and help them adapt to technologically advanced softwares for global competitiveness”, he further added.
Some of the features of Deskera MRP are listed below:
- Product Master: It defines multi-level Bill of Material (BOM) and formulae for products. It also assigns quality check parameters, analyze inventory status, execute BOM explosion and so on.
- Machine Master: It helps optimize machine usage to increase capacity. You can maintain data repository for active and substitute machines, create machine maintenance schedule and calculate the production cost via this module.
- Labor Master: You can reduce labor cost by improving process flow. You can update your labor skills, define resource cost, resolve resource conflict with the help of this module.
“Deskera MRP is value for money. It is a product that understands my requirements. I am confident it will increase my revenues and decrease my hassles by reducing my turnaround time by 50%,” said M M Mahindrakar, an entrepreneur, who runs Saurabh Heat Treatment.
This award winning company helps organizations in seamless transition and integration of their existing financial platform from old version to the new one. The GST compliant software’s cloud technology also helps streamline inventories at multiple business units/ warehouses, thus providing real-time Input Tax Credits, which are most critical for GSTR filing.