IC-KPI is one of the ERP Software for Electrical Industry. In the early days of the 1960s, manufacturers came across MRP (Material Requirements Planning) systems. It was designed to help the manufactures in the production and scheduling of a particular product. Later, manufacturers discover a new system that is beyond MRP functionality, called ERP.

New business owners and people just starting on with their careers have to learn about ERP. This guide will let you know everything about ERP. IC-KPI is one of the best ERP Software for Electrical Industry. Looking for ERP Software for Electrical Industry? Call us today. IC-KPI provides one of the best ERP Software for Electrical Industry. Excellent ERP Software for Electrical Industry. ERP Implementation is needed before developing any kind of ERP software or ERP solution for your company. IC-KPI is a leading IT Implementation company focussing on providing solutions on ERP technology.

Today, the manufacturing industries are focusing on upgrading their operations to increase the profit margins and deliver the products to their quality customers on time. They are using every tool to remain in the competition. However, they avoid using that one significant tool that can actually help them,i.e., the ERP Software for Manufacturing Industry. The sturdy ERP for manufacturing companies assists them in integrating and modernizing their departments. In this blog post, you will get to know about the implementation of ERP in the manufacturing industry.

What Is ERP Software?

ERP or Enterprise Resource Planning is a management software that helps the organization in handling every process by using only a single system. It is accounting and operation oriented and considers the database the chief source of enterprise information. The Best ERP for manufacturing companies assists them in identifying and planning the requirement for resources of the entire enterprise.

Why Implementation Of ERP In The Manufacturing Industry Is Significant?
With the help of ERP Solutions, enterprises are working efficiently and are boosting their profit margins rigorously. The following reasons will let you know the reasons for ERP implementation in your manufacturing industry.

Integrates Your Supply Chain
ERP helps in the inflow and outflow of materials efficiently. It helps in understanding the languages and currencies of different countries and tends to deal with them accordingly. You can focus on more valuable tasks if you implement ERP software to automate the operations.  

Enhances Customer Experiences
The ERP Software for Electrical Industry lets the customers in accessing their portal and inquire about the products, their delivery, and price. The data helps in scheduling the production processes. You can attract more loyal customers by delivering the products on time and providing them the best services possible. 

Manages Staff And Other Resources
Every manufacturing industry requires a group of staff to manage its resources.  However, human resources can come with some disadvantages like errors while entering data. ERP solutions tend to minimize these errors by improving staff problems like scheduling, timely wages, skill set, etc.

How To Implement  ERP In The Manufacturing Industry?
Manufacturing Companies tend to follow specific steps while implementing ERP that includes:

● First, the foundation of the project is being laid. In this step, enterprises also introduce teams and create plans for managing the project efficiently.
● Then they will introduce their team to the ERP software, to begin with the process of data conversion. Then, they will define the data and the way of accessing it. They also work at developing the strategy of cleansing, formatting, and transferring them into the modernized system.
● The next step consists of two teams working together to develop new processes within the software according to the company’s requirements and needs. These processes are then examined for validity.
● The training session is being held for the end-users. Then, a pilot test is being held to check the data and effectiveness of the end-users.
● Lastly, they will implement the ERP and launch it.
The 10 Best ERP Software for Manufacturing Industry will make the process of the enterprise run smoothly and without any errors.

Features of ERP

Any organization needs to understand the characteristics of ERP and what essential roles it plays. Here, are the key points you can consider before evaluating ERP systems:

1. Accounting- The accounting feature of ERP helps in tracking, storing, and analyzing financial data. It includes business, forecasting, general ledger, accounts payable, and many more. Apart from this, ERP performs several advanced tasks like tax management, revenue recognition, multi-currency reconciliation, and fixed assets management. Also, the system provides every data on time.
2. Financial Management- Financial management involves various tasks like planning, organizing, and specifying using funds for a business. This system helps the finance management in assisting finance by analyzing, tracking, and reporting crucial business data. It is a vital tool for financial management to work efficiently.
3. Sales and Marketing- ERP systems also help the sales team in various ways. It makes the sell, upsell and purchase orders work easier. It also helps in managing and tracking commission and key details related to profit margins and ratios. It also benefits the marketing team by driving more leads, building campaigns, and tracking the needs of the customer through the sales cycle. The sales and marketing teams accompany the operation and finance partners to use ERP which provides them with superb customer experience through the entire sales pipeline.
4. Customer-Relationship Management (CRM)- ERP system contains integrated CRM features. This feature brings up all the data related to customer relationship and improves the viewpoint of the business. All the customer-related information is stored in an easily accessible database. It enables the companies in automating their process. These include filling out POs, generating reminders for account receivable, and sending notifications for follow-ups after the customer reaches the pre-defined point in a sales pipeline.
5. Supply Chain Management (SCM)- ERP systems give you a complete overview of the Supply Chain Management of the company. It helps them in tracking demand, inventory, manufacturing processes, logistics, and distribution. It further enhances the operation by implying purchase orders, transfer orders, and work orders all over the locations. It also helps in setting goals and eases out distribution resource planning. The company’s real-time data provides efficient control of management over inventory.

Wrapping Up

This article tells you how ERP is valuable for a company. However, this is not the only thing to consider. Make sure to choose the software which is reliable for your business. Also, look for the benefits you will get from that particular software. IC-KPI is a leading ERP Implementation & Development  Company for Electrical Industry