ERP systems
helping out the industrial and engineering industries
As we all know, ERP systems can and will take care of any
company’s business processes, ensuring agility, profitability and
responsiveness. The same applies for the industrial and
engineering industries. After some research I have narrowed it down to
three key functionalities that ERP systems
can assist these two industries in.
ERP systems are capable of fully integrating debtors and
creditors modules including invoicing, purchasing and even general ledger. As
always, easy navigation of ERP systems assists the users to access key
functionalities relevant to their tasks at hand. Tracking of key responsibility
areas are easily managed by graphical dashboards within the ERP system.
Multi-currency functionalities minimises administrative burdens. ERP systems
can also manage all receivables through payment histories that can assist in
payment optimisation. This functionality gives crucial insights into various
delays that can put pressure on your company’s cash management.
Multiple bin, lot and batch functionalities will result in
transparent stock controlling methods. ERP systems
have the ability to reduce the risk of your company losing business by
implementing alternate stock item functionalities. Complete transparency is
guaranteed throughout your whole warehouse thanks to functionalities that allow
you clear view of stock movement from purchase orders to sales invoices.
Integrated web portal
interfaces allow customers to place orders directly into the ERP system
this reduces turn-around times and speeds up delivery. Stock requirements can
be properly planned due to over-all history on items, customers and purchased
items.
The functionality of full customer contact tracking gives
users a clear view of all interactions with customers whether opportunities or
issues. Sales pipelines give sales managers the ability to accurately forecast
opportunities and to escalate these opportunities to the necessary departments.
Quotes that expired or issues that have not been resolved are handled by
integrated escalation engines to insure these issues are resolved in the
necessary time frames. The integrated escalation engine insures that Service Level
Agreements (SLA) is met.
This is just the beginning, in the following weeks to come
we will be concentrating on these two industries. Exciting and insightful times
ahead, hope you are ready.
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