ERP for Manufacturing: We understand the challenges of maintaining an efficient manufacturing process, including finance and inventory management. Despite dedicating time and effort to checking stock accuracy, manual stock checks remain prone to errors, leading to shortages, excesses, and unidentified losses.
As a manufacturer, using a top-tier ERP (Enterprise Resource Planning) system can significantly enhance your operational efficiency, provide accurate results, and reduce the number of required workers.
We have curated a list of industry-specific ERP software, designed to address common failures in manufacturing companies.
So, What Is the Best ERP for Manufacturing?
In the challenging landscape of manufacturing, with a global growth rate of 3.9%, powerful automation ERP software like Netsuite is essential. Netsuite ERP stands out for its high automation capabilities. Its AI-powered digital assistant streamlines tasks, allowing users to ask questions like “What’s the status of my open purchase requisitions?” and “What reconciliations are due today?”
For a comprehensive list of the best ERPs for Manufacturing in 2024, read on.
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Netsuite ERP: Highest in Automation and Best Overall
Netsuite ERP is a complete, modern, cloud ERP system that provides manufacturing companies with advanced capabilities, such as AI to automate manual processes, analytics to react to real-time market shifts, and automatic updates to stay current and gain a competitive advantage.
Additionally, it is a lifesaver in organizing expenses and following the chain of command, especially for financial approval of large purchases. The system allows for tracking approvals through to the highest level of management, which automates the process.
Managers in management and finance usually go through each list and approve each item manually. Still, with Netsuite ERP, they can automate the approval process and integrate that with our vendors to make purchasing more streamlined and to keep strong records for audit purposes.
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Odoo ERP: Best for Asset Management
Odoo is the perfect ERP software example for manufacturing companies as it records fixed asset details, performs regular maintenance and repairs, ensures compliance with regulations, and assesses depreciation.
The ERP is a suite of open source business apps covering your company’s needs: CRM, eCommerce, accounting, inventory, point of sale, project management, etc. It uses barcodes, QR codes, or RFID to help track long-term assets over their entire lifecycle, from acquisition to disposal.
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MRPeasy ERP: Best for Usability
MRPeasy is an all-in-one cloud ERP system well-suited for manufacturing companies to simplify and effectively manage inventory, production, and supply.
MRPeasy is in the top tier for its usability; its easy automation provides visibility of real-time operational and financial performance.
Manufacturing employees prefer to use ERP systems that are more convenient for them, which is why most manufacturing companies prefer using MRPeasy ERP. It is the most flexible ERP system in the world; it guarantees the ease of monitoring inventory levels, supplies to customers, and the flow of goods across the value.
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Microsoft Dynamics 365: Best for Third-Party Integration
Microsoft Dynamics 365 is an enterprise resource planning (ERP) software for midsize and larger manufacturing companies. It’s one of the best ERP systems that offers organizations a single, end-to-end solution for managing finances, operations, and sales.
The ERP System has third-party integration capability. The individual applications within Microsoft Dynamics 365 can be used as standalone products, combined, or integrated with a wide range of external business systems to provide a completely customized solution.
This platform integrates with third-party applications such as Ameyo, Salesforce, DocuSign, PandaDoc, ADP, Gainsight, Tacton CPQ, and more. With this unique ability, manufacturing companies cannot purchase additional ERP software packages.
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SAP ERP: Best for Finance Management
SAP ERP is an enterprise resource planning software developed by the German company – SAP SE, specifically for effective finance management. It helps manufacturing firms run their business, supporting automation and processes in finance, human resources, manufacturing, supply chain, services, procurement, and more.
The major aim of manufacturing companies is to maximize profits and ensure long-term sustainability, and that’s exactly what SAP represents. SAP ERP helps manufacturing companies streamline processes, increase accuracy, reduce costs, prevent account errors, and observe company activity.
It also enables them to communicate financial information to external parties, including vendors and customers.
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