Manufacturing Industry Challenges
The manufacturing industry faces various challenges impacting efficiency, productivity, and profitability.- Complex Supply Chains: Manufacturers often deal with complex supply chains that involve multiple distributors, suppliers, and partners. Coordinating these networks can be challenging and lead to delays and inefficiencies.
- Inventory Management: Managing inventory levels is crucial in manufacturing. Overstocking can lock in capital, while production delays and missed opportunities are risks from understocking.
- Quality Control: Consistent product quality is necessary to maintain customer satisfaction and regulatory compliance. However, meeting high-quality standards can only be possible with proper systems.
- Cost Management: Controlling costs is an ever-present manufacturing challenge. Factors such as raw material prices, overhead expenses, and labour costs can fluctuate, impacting the bottom line.
- Compliance and Regulation: There are various regulations and standards that manufacturers need to comply with. Because these regulations can vary by industry and location, keeping up with them can be a headache.
- Data Management: Manufacturing processes – such as inventory maintenance, production, quality control, supply chain management, etc. – generate vast amounts of data. It’s impossible to use this data effectively without the right tools.
Bridging the Gap With ERP for the Manufacturing Industry
Here are some of how our ERP application can improve the quality of operations in the manufacturing industry.- Identifying possible areas of optimization: Our ERP application helps identify and optimize the areas where the business may need to catch up to the industry standards.
- Making the business self-reliant: Several companies rely on third-party services to address various problems. They can become more self-reliant with Matiyas ERP implementation.
- Improved system integration: Businesses often work with scattered software applications that are not only expensive to maintain but could also lead to severe setbacks. With Matiyas ERP for the manufacturing industry, these working systems can be integrated for centralized data management.
- Addressing workforce motivation: Efficient tools and business systems keep the operations running smoothly and motivate the workforce to be committed to the business, helping them work to their optimum potential.
- Streamlined supply chain management: Our manufacturing ERP can integrate with suppliers and distributors, providing real-time visibility into the supply chain. This integration can streamline procurement, cut down lead times, and boost supply chain efficiency.
- Moving on from obsolete software: Outdated software applications require more than the optimum time to process tasks. Manufacturers must implement a hi-tech ERP solution like Matiyas to evolve into a next-gen business.
Modules Included in the Best ERP Software for Manufacturing in India
Matiyas offers the best ERP software for manufacturing that can be easily customized and tailored to the individual requirements of every business in the manufacturing sector. Companies can use our customized solutions for better supply chain monitoring and to identify the bottlenecks so that the entire process can continue smoothly.With additional features such as shop floor production, supplier management, and integrated planning, you now have an all-in-one platform for managing your accounting, inventory, sales order, and financial reporting. This real-time coordination across several business verticals helps streamline processes and drive more efficient operations. Let us now give you an overview of the key capabilities of our ERP for the manufacturing industry in India and the salient features of every module.Production and Shop Floor Management
This module is useful in controlling material movement while the production process is on. Production management is handled through production orders where specifics of the item to be manufactured such as production quantity and due dates are mentioned. Other information contained in these orders includes a list of materials and expected operations data extracted respectively from the standard bill of materials and standard routing. Here are the main features of this module:- Maintaining production job cards.
- Creating item-machine relations.
- Creating itemized process groups.
- Setting up machine-process relations.
- Establishing item-process-machine relations.
- Maintaining inventory.
Master Production Scheduling
In this module, a master plan for every production run is created based on the existing market supply and demand. It provides information such as the timing and quantity of the item to be produced. This information is critical for optimum planning and control of manufacturing operations. Its main features are:- Creating and managing a Master Production Schedule (MPS).
- Managing MPS Reserve functions.
- Reallocation of resources.
- Management of MPS Sub MFG Order pipelines.
- Rejection of created orders.
Bill of Material Management
Our Bill of Material Management (BOM) module is setup as a hierarchy listing out the raw materials, parts, components, assemblies, and sub-assemblies required for unit manufacturing of any product. This module is closely integrated with the production order and automatically updates the reservation and requisition of applicable components based on their availability in the inventory. The major features are:- Managing Bill of Material.
- Printing a BOM for every job.
- Generating BOM Tree and BOM Tree Stock Details reports.
Material Requirement Planning
Another module in our ERP for manufacturing in India is Material Requirement Planning (MRP), which is used for just-in-time procurement of required material in optimum quantities for a production run. An MRP can be generated by referencing the Master Production Schedule or per demand management guidelines. In this module, raw material requirement calculations account for wastage, and the procurement is planned to align with the actual requirement date to reduce inventory holding costs.Production Order Management
Matiyas provides customized ERP software for the manufacturing industry that uses production orders to manage the production of finished or semi-finished goods. You can reference a production order against the Master Production Schedule or create one directly per customer demand. The most important line items of a production order include the location for the production, the product or material to be produced, the required quantity of consumables, production machinery, the Bill of Materials, required tools, and other personal requirements. The features of this module are:- Creating and managing production job cards.
- Managing scrap details.
- Managing process characteristics.
- Determining production output for every process.
- Creating a process master plan.
- Setting up machine-process relations.
Quality Management
As the name suggests, this module deals with all quality-related functions, including quality planning, setting definitions for a quality check, and defining characteristics for various quality checks, including finished goods quality check, in-process quality check, or inward quality check. An easy-to configure module, it ensures production performance and output are aligned with the manufacturing industry standards to deliver complete customer satisfaction. Its main features are:
- Defining QC characteristics and relationships between the testing parameters.
- Establishing item-test relations.
- Defining itemized QC characteristics.
- Establishing itemized test parameter relationships.
Job Work Management
This module is used to outsource parts of the manufacturing process to third-party contractors to prepare the finished goods for delivery on time. With the Job Work Management module, your business can track all services and materials issued to job workers and contractors. It handles various transactions such as job work receipts, material requisition and issuance, and job work orders. Among its main features are:
- Creating and managing job work orders.
- Tracking job work material issuance.
- Generating challan for material dispatched and received, as well as job work.
- Managing job work material requisition.
- Creating outward invoices for job work.
- Managing in-house job work orders and invoices.
Stores and Inventory Management
Our ERP for manufacturing in India also contains a stores and inventory management module that lets you automate processes involved in managing material requirements. It can perform various functions, including recording
receipt and delivery of goods, internal stock management, managing quality check records, and generating material requirement plans. With all the necessary information on a dashboard, you can quickly analyze your inventory records and generate stock reports on the go. Here are the main features of this module:
- Maintaining stock details and stock reconciliation records.
- Tracking vehicular movement in and out of the plants.
- Managing material issuance and requisition records.
- Generating notes for receipt of goods.
- Tracking material rejection and internal returns.
Supplier and Purchase Management
With the purchase module, your business can maintain master records for the various suppliers, including contact details, purchase rate history, and tracking for previous purchases. Every time a new supplier is onboarded, their required information is systematically recorded in this module. The star features of this module are:
- Generating and tracking purchase inquiries and quotations.
- Creating and canceling purchase orders.
- Planning purchase schedule.
- Invoicing for various purchases.
Quality Management
As the name suggests, this module deals with all quality-related functions, including quality planning, setting definitions for a quality check, and defining characteristics for various quality checks, including finished goods quality check, in-process quality check, or inward quality check. An easy-to configure module, it ensures production performance and output are aligned with the manufacturing industry standards to deliver complete customer satisfaction. Its main features are:
- Defining QC characteristics and relationships between the testing parameters.
- Establishing item-test relations.
- Defining itemized QC characteristics.
- Establishing itemized test parameter relationships.
Job Work Management
This module is used to outsource parts of the manufacturing process to third-party contractors to prepare the finished goods for delivery on time. With the Job Work Management module, your business can track all services and materials issued to job workers and contractors. It handles various transactions such as job work receipts, material requisition and issuance, and job work orders. Among its main features are:
- Creating and managing job work orders.
- Tracking job work material issuance.
- Generating challan for material dispatched and received, as well as job work.
- Managing job work material requisition.
- Creating outward invoices for job work.
- Managing in-house job work orders and invoices.
Stores and Inventory Management
Our ERP for manufacturing in India also contains a stores and inventory management module that lets you automate processes involved in managing material requirements. It can perform various functions, including recording
receipt and delivery of goods, internal stock management, managing quality check records, and generating material requirement plans. With all the necessary information on a dashboard, you can quickly analyze your inventory records and generate stock reports on the go. Here are the main features of this module:
- Maintaining stock details and stock reconciliation records.
- Tracking vehicular movement in and out of the plants.
- Managing material issuance and requisition records.
- Generating notes for receipt of goods.
- Tracking material rejection and internal returns.
Supplier and Purchase Management
With the purchase module, your business can maintain master records for the various suppliers, including contact details, purchase rate history, and tracking for previous purchases. Every time a new supplier is onboarded, their required information is systematically recorded in this module. The star features of this module are:
- Generating and tracking purchase inquiries and quotations.
- Creating and canceling purchase orders.
- Planning purchase schedule.
- Invoicing for various purchases.
CRM – Customer Relationship Management
A business is successful because of its customers, which makes the CRM module extremely important. The best ERP software for manufacturing provides a power-packed CRM module with which you can generate sales leads, process orders, analyze customer buying history and patterns, create invoices, and do much more. Here are some of the main features of this crucial module:
- Generating sales leads..
- Creating sales quotations and sales orders against the quotations.
- Managing sales schedules
- Managing sales inquiries
- Creating direct sales quotations and orders.
- Tracking sales order cancellations.
Plant Maintenance Management
Proper plant maintenance is critical to manufacturing operations. With this module, you can keep breakdowns at your manufacturing facility down to a minimum for a minimal expenditure. The key features include:
- Creating preventive maintenance plans.
- Maintaining a log sheet of preventive maintenance.
- Tracking ongoing breakdown maintenance activity.
- Generating machine-wise checklist of preventive plans.
- Preparing calibration schedule in line with the due date.
- Updating and maintaining calibration certificates.
- Maintaining component change register and handover records for every breakdown.
- Maintaining and managing a list of critical spare parts and other assets.
Financial Accounting Management
The best ERP for manufacturing industry is incomplete if it does not allow you to manage your accounts and other business operations. Our customized ERP solutions come with a reliable and robust finance and accounting module that lets you manage all your business finances in one place. This way, you can ensure that your finances comply with local tax regulations. You can also view the segment analysis based on which you can make rational business decisions for every unit. The primary features of this module are:
- Managing cash payments to the bank accounts.
- Managing bank and cash receipts.
- Updating and maintaining credit and debit notes.
- Generating comprehensive reports and financial statements.
- Tracking contra entries and journal entries.
Why Matiyas Stands Out as the Best ERP Software for Manufacturing
Matiyas is a reliable and trusted name in developing ERP for manufacturing in India. Fully committed to creating customized ERP software, we aim to help usher in digital transformation in your manufacturing firm through a purpose-built and feature-rich ERP system.
Our ERP software for manufacturing in India brings a host of unbeatable benefits to your manufacturing business, including:
- Improved productivity: With our manufacturing solutions, you can automate and transform critical but repetitive processes to increase productivity and efficiency within the workforce.
- Actionable insights: You get every information and insight delivered on multiple devices, which helps in well-informed, real-time decision-making.
- Better risk management: You will have more control and better visibility of core operational activities that will not only help you meet regulatory requirements but also improve risk prediction and prevention.
- Improved visibility: Our manufacturing ERP in India gives you improved operational visibility across the manufacturing plant with a single-dashboard monitoring system and real-time reporting.
- More agile business: Through our customized and feature-loaded automation solutions, we can help you identify and capitalize on new opportunities to gain a
competitive edge over other manufacturing businesses. - Process simplification: The best ERP for manufacturing comes with a comprehensive package for easy integration with existing IT systems and applications that allow complex processes to be simplified.
At Matiyas, we are committed to supporting the digital transformation of your manufacturing business through the excellence of service and developing cutting-edge solutions – a fact proven by the positive client testimonials from those we have served before.
