Enterprise resource planning (ERP) for manufacturing provides powerful software to maximize sales opportunities. One such opportunity lies within your company’s data. ERPs collect a large amount of data from everywhere in the company, enabling 360-degree visibility into all aspects of production, operations, sales, and distribution.

However, leveraging such data to find untapped sales is something that many manufacturers neglect. Are you leaving money on the table by not using your ERP for manufacturing to its fullest?

ERP for Manufacturing and AI: Powerful Insights from Data

Manufacturing ERPs offer many benefits. They provide full visibility into all aspects of a business, including operations, accounting, inventory, sales and more. ERPs can be integrated into other platforms, too, providing a single source of truth when integrated with a CRM, HRMS, inventory management and distribution software.

For manufacturers, the data obtained from an ERP can be used to improve efficiencies and increase sales in many ways.

Improve Efficiency

An ERP integrates various business processes, such as inventory management, procurement, production planning, and sales, into a single system. This integration reduces duplication of efforts and ensures that all departments have access to real-time data, leading to more coordinated and efficient operations.

Enhanced Inventory Management

With real-time visibility into inventory levels, manufacturers can manage stock more effectively. This reduces excess inventory and stockouts, lowers carrying costs, and improves order fulfillment rates.

Optimize Production Schedules

You can optimize production schedules using an ERP by analyzing current inventory, production capacity, and demand forecasts. This helps in minimizing downtime, reducing bottlenecks, and ensuring that production lines are utilized efficiently.

Accurate Demand Forecasting

ERP systems analyze historical sales data, market trends, and customer behavior to generate more accurate demand forecasts. Better forecasting helps manufacturers align production with actual demand, reducing the risk of overproduction or stockouts.

Automate Sales Processes

Routine tasks such as invoicing, order confirmations, and follow-ups can be automated through an ERP system. Automation reduces manual effort, accelerates the sales cycle, and minimizes error. It may also tap into opportunities thanks to automated reminders for repeat orders.

Improved CX

ERP systems enable manufacturers to track and manage customer orders, complaints and returns more effectively. Enhanced customer service helps build stronger relationships and encourages repeat business.

Invest in an ERP and Maximize Profits

Perhaps you've been putting off investing in an ERP for manufacturing, and you're wondering if you'll truly benefit from this software. You may be wondering if you should move from your current accounting software or continue to make do with what you have.

As you can see, not only will you be able to tap into many cost-saving opportunities, but the efficiency gains and automation will also save valuable time for your staff. Lastly, an ERP can help you uncover untapped sales opportunities, maximize automation to increase sales and repeat business, and improve customer experience.

Through integrations with your CRM and other platforms, you'll also have the ability to gain precious visibility into all aspects of your company. The data collected from these areas can be used by an ERP equipped with machine learning and AI to detect patterns and provide insights into added opportunities for efficiency improvements and sales.

For manufacturers serious about remaining competitive, an ERP is a must rather than a nice-to-have. With the benefits of an ERP, you'll stop leaving money on the table and put it where it belongs - back into your business' profits.

Consult PositiveVision About ERPs for Manufacturers

PositiveVision has been serving the needs of manufacturing customers in Chicago for over three decades. PositiveVision experts will gladly guide you through your ERP decision-making to help you make an informed choice. Contact us today to speak to one of our product experts about a custom solution for your business. When you reach out, ask about our software training services for your team.

For more information, download this whitepaper: Has Your Manufacturing Business Outgrown Its Accounting Software?

Linda Baran

Linda Baran is in charge of the people side of PositiveVision. Linda’s background includes working in a variety of industries including investment, manufacturing, and information technology.