During these uncertain times, many companies are assessing the prospect of survival. Supply chain shortages are challenging businesses, particularly in manufacturing and distribution, to meet order deadlines. Backlogged orders and unsatisfied customers can lead to disaster. A robust Enterprise Resource Planning (ERP) system not only helps to improve efficiency and therefore develop business resiliency, but it may give your company a competitive edge. This blog will provide tips on how to weather the turbulence of supply chain shortages.   

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Manufacturing companies can stay competitive by investing in industry-specific solutions like enterprise resource planning (ERP) systems. This blog will discuss the top 5 ERP features every warehouse and distributor needs to implement. Learn how ERP solutions can feed the heart of your business while making meaningful changes.

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An interesting study from the Delphi Group asked 23 global manufacturers questions about the impact of enterprise resource planning (ERP) on supply chain management. Three findings topped the list of results:

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From offices to manufacturing centers, tracking, and monitoring fixed assets can be time-consuming. In the olden days, many office managers kept spreadsheets of fixed assets that includes desks, chairs, computers, forklifts, and more.

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The decision to make the leap of faith into what seems like many jumping on the cloud bandwagon, would seem daunting at first. Of course that would mean having to replace your current on premise solution. However, despite the unnerving changeover, many companies have found the capabilities that cloud offers outweigh the adoption process.

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ERP or enterprise resource planning adds considerable value to manufacturing companies. With the click of a button, they can get access to instant, real-time reports on all facets of their business. From operations to warehouse management, the ERP system of today offers a view into the heart of the business, providing vital data for strategic planning and implementation.

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Your inventory is not cheap. From the initial purchase from your suppliers to the carrying costs involved in storing and processing each item in the warehouse, the costs associated with inventory management add up quick.

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Companies seeking to maximize profits must keep in mind many things. For manufacturers, it’s not just the cost of raw materials that impacts profits. It’s the costs of labor, taxes, shipping and more. Manufacturers must also weigh the pros and cons of the location for their operations very carefully before making the decision to set up operations or relocate. For example, shipping costs can steal profits away from thin margins.

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