Manufacturing: Advantages of using ERP system

#1 Consolidated and standardized financials

When all production facilitates, across geographies, use the same manufacturing ERP, it would be easier and faster to produce standardized financial reports, because the accountants at each site use the same financial management module and reporting framework. Regardless of the local accounting standards and currency, a good manufacturing ERP would be able to manage multiple transactional currencies and report in a specific base currency, both, to suit local as well as international accounting standards.

#2 Centralized reporting

A multi-tenant manufacturing ERP system will allow managers to have a clear view in the corporate finances with a few clicks. Compliance reporting can be easily coordinated from a central office and distributed anywhere, across geographies, where a report is required. This brings substantial benefits for the organization in terms of cost and time reduction. The time and personnel needed to produce a corporate report decreases when the finance management is centralized.

#3 Centralized Communications

Multi-facility manufacturers experience improvements in the internal communications, after implementing a multi-facility manufacturing ERP. Any user, anywhere in the world after logging into the ERP system, can see and manage workflow activities, notices, requests, tasks, appointments, notes. Users can send SMS and e-mails directly from the system and communicate with other users through an internal chat service built into the ERP system. The best manufacturing ERP systems take a step further and provide an inbuilt Document Management System.

With multi-facility manufacturing ERP, users can see the exact same sales order and the same status of the job in progress that will fulfill that order. When one user sees a problem, that problem is visible to users throughout the company and other users could proactively contribute to solve the problem.

#4 Custom ERP versions same manufacturing ERP

Depending on the scope of the activities, different manufacturing sites might produce different products using different processes or methods. This is the case when one site uses process manufacturing and another might use a discrete manufacturing method. Both manufacturing sites could use the same ERP core, but there would be some customization depending on the specific scope of activities.

#5 Shared process & best practices

Implementing multi-facility manufacturing ERP often means standardization of some processes and helps sharing the best practices across manufacturing sites. When users at one manufacturing site improve their processes, users at another site might only need to update settings in their local version of the same manufacturing ERP to reproduce those improvements.