ERP for the Paint Manufacturing Industry
The development of the South African construction industry has had a direct impact on the growth of the paint manufacturing industry. This has prompted the need for improved IT (information technology) and the incorporation of ERP (enterprise resource planning) within paint manufacture. Here’s a look at the benefits for business.
What is ERP?
ERP is essentially the integration, as well as the automation, of core business functions through the use of innovative software. This business software will be designed to record and manage the enterprise data, improving day-to-day operations across industries. ERP systems will provide a paint manufacture industry with improved:
- Business intelligence
- Visibility
- Analytics
- Efficiency
ERP features for the paint manufacturing industry
There are many exciting ERP features that benefit those in paint manufacture, allowing the business to integrate and streamline operations. Some of the features include:
– Inventory management
There’s no interruption to your production process with ERP as the inventory management feature will automatically generate a purchase requisition, thereby preventing any material shortages. More than this, the inventory management feature allows you to integrate operations across various warehouses and plants from a single system. This incredible centralisation of data means constant inventory replenishment.
– Procurement
This feature will allow you to manage the purchase of various ingredients, ensuring the correct level as well as values at all times. An added benefit of this feature is the pending purchase order report which gives the purchaser an expected arrival date, ensuring availability at all times.
– Planning
The planning feature allows you to schedule all daily activities, as well as the expected completion date for projects. You are able to schedule delivery to customers, create job cards, and track the production costing, among other things.
– Finance
The ERP software has a range of valuable financial features such as accounts payable and accounts receivable, all of which are integrated with the operational features. This means every financial transaction is tracked, fulfilling all tax and accounting requirements.
– Intelligence reporting
All ERP software allows industries to accumulate valuable, real-time data that allows for business predictions and improved operations. You can assess what areas of the business are working, and what areas actually need to be tweaked to improve performance.
Benefits of ERP for paint manufacture industry
The many features of ERP software make this a must for those in the paint manufacturing industry, but if you aren’t convinced, here’s a look at the many benefits of this innovative software.
1. Increased agility
The emergence of the Covid-19 pandemic showcased the fundamental need for agility in business. The constantly evolving economic and business environments mean that businesses have to adapt to survive. How a business responds to change will determine the ultimate success or failure. Fortunately, ERP systems are incredibly flexible, allowing for businesses to scale up or down, and customise and integrate applications as the business changes.
2. Enhance productivity
By streamlining business operations through an ERP system, you are allowing for more oversight, more accurate reporting, and the accumulation of valuable business data. Implemented correctly, ERP software will improve overall productivity.
3. Better security
Cyber threats are becoming an increasing risk to businesses across industries, and it’s vital that cybersecurity is prioritised. With modern ERP solutions, you are able to store all valuable data securely.
4. Continued business growth
One of the biggest setbacks to business is waste. Whether it’s wasted time or wasted resources, this will drain a business and prevent it from reaching its potential. ERP systems will eliminate all inefficiencies, constantly improving business performance and growth.
5. Cut down on business costs
By cutting down on wasted time and resources, an ERP system is also cutting down on unnecessary business costs, as well as mitigating the need for additional IT staff. This means more funds can be directed elsewhere, enhancing business performance and profitability.
6. Enhanced customer experience
The customer-product profiles and flexible price change management on ERP software, as well as the consumer-driven data available, means your team is able to improve the customer experience. Through ERP, you’re able to create brand loyalty and secure repeat customers.
7. A valuable partnership
When investing in an ERP solution for the paint manufacturing industry, one of the biggest decisions to be made is which implementation provider to work with. An experienced provider will ensure the ERP software features are specific to your industry needs so that you’re not paying unnecessarily for features you won’t use.
