Over the past few years, ERP solutions have become an essential tool that can boost the operational efficiency and productivity of any business. However, finding the right solution for the unique requirements of your manufacturing business can be intimidating, which is why we've put together a list of steps that you need to take to find the right solution for you.
Identify the problems that need solving
There are many problems that you might run into during your business's manufacturing process as it's essential to identify them before you decide on your ERP solution. For example, you might be manually transferring your inventory data from spreadsheets to your accounting system, which is causing different errors and breaks in your productivity. It's then a good idea to carry out a comprehensive review of all of your business processes to see if there are any improvements to be made. For example, are there any double or manual entry processes that could benefit from automation? Do you need a way to meet industry requirements and make reports more efficiently?
After your review, carry out a cost-benefit analysis to see if the investment is worth it.
Look at your budget
ERP systems can be a costly enterprise and require a significant upfront investment. Establish a budget with regards to your business's requirements, its payment capacity and your short, medium- and long-term ERP goals in mind. It is also essential that you have a complete understanding of your finances, an understanding of the initial costs of an ERP implementation, the ongoing costs it will have, and the price range of various ERP vendors. The right ERP software will be an indispensable asset to your business, but it is important to keep your financial considerations in mind so that you don't end up in hot water.
Ensure the system is scalable
ERP is a core infrastructure, so it needs to be flexible enough to evolve alongside your manufacturing business. A scalable system is essential as it is particularly important to find a system that collaborates efficiently with others, for example, using electronic data interchange to work with customers or working directly with suppliers for JIT (just in time) manufacturing. Check whether the system can adapt to new advances in your industry and processes, where it can grow and adapt alongside your business.
Check the support and training provided by the vendor
It's a good idea to have your ERP vendor train several key staff members throughout your business that will become support staff and internal trainers. With their help, it will be much easier to implement your new ERP system as they will be able to give more accessible guidance. By working with your vendor closely, to create a training schedule and put time aside for your staff to learn the ropes, it will ensure the investment of resources and time is worth it.
At WinMan, we offer a highly scalable, leading class business solution for manufacturing companies that aim to implement a lean manufacturing strategy. For more information about our manufacturing ERP software, don't hesitate to get in touch with our team of experts today.