Features of Odoo ERP for the Manufacturing Industry

Manufacturing ERP software is a computerized utility that manages the manufacturing process. It is integrated software used to monitor and management all elements of manufacturing. It covers the whole manufacturing process from raw materials receipt, storage, processing, and dealing with to dispatch of completed goods. In addition, this software is able to dealing with inventory management and accounting functions, sales order processing, scheduling manufacturing assets, performance monitoring, and reporting.

There are 5 necessities function that you must look for when evaluating manufacturing ERP systems:
1. Inventory Management:

Inventory management is a vital part of any manufacturing ERP system. The means to manage inventory successfully is essential for any manufacturing enterprise. Inventory management programs are designed that will help you monitor your products from once they’re made until they reach their final destination.

It consists of monitoring sales orders and guaranteeing that each one inventory is accounted for always. If your enterprise software doesn’t help inventory management, you’re missing out on what a robust ERP system integration can do for you and your enterprise.

2. Bill of Materials:

An important feature of a manufacturing ERP system is the ability to create BOM. A BOM lists all of the components required to build a specific assembly or product. For example, if you should build a computer case, the BOM might embody the case itself together with different components like fans and power supplies kit. Your Odoo erp for manufacturing should enable simple creation and maintenance of BOMs in order that when orders are available for particular products, it’s simple to find out which parts are required for every order.

Any change within the BOM, whether or not it’s including new gadgets or subtracting items from present ones, needs to be reflected on back orders, studies, and all different areas able to reflecting information that has been changed.

3. Production Management:

Production management can also be an important a part of any manufacturing workflow. It helps you make well-informed selections and make sure that a sequence of products are made effectively and in a timely manner. Production management helps you monitor manufacturing schedules and provide you with a warning when gadgets are prepared for delivery or supply.

It additionally tracks financial information similar to labor prices by division and worker time playing cards, in addition to time beyond regulation hours labored by staff who’re on a wage or hourly fee foundation. It additionally permits customers to view their monetary standing by way of studies similar to profit & loss statements, balance sheets, accounts receivable reports, and more.

4. Quality Management

In manufacturing, quality is everything. You have to make sure that each product meets its specifications — or else it’s ineffective to your prospects and will damage your popularity. Therefore, quality assurance is one other important part of any enterprise software package. Many corporations rely on ERP business management software to observe and enhance their processes. You also can use this software to create normal working procedures (SOPs) and checklists, which can assist you to keep consistency in your manufacturing course of.

This ensures that each product your organization produces meets high quality standards and complies with regulatory necessities. If you wish to ensure that all products are produced according to specifications, then quality management software is a must-have feature in your ERP software solutions.

5. Financial Record Management:

Financial document management is important for any manufacturing firm, particularly small and mid-sized ones. It permits you to monitor your financial status at any point in time, which is essential relating to making necessary enterprise decisions. This is completed by applying manufacturing ERP system to the suitable policies and procedures to the group’s employees and creating efficient technique of accounting for his or her transactions to supply and keep correct data.

The capability to document the expenditures and income of manufacturing corporations is an important part of financial management. In addition, it also helps you track the performance of different departments in your group and determine areas that need improvement.

6. Customer Relationship Management (CRM):

A CRM is a software application that permits you to manage relationships with customers, distributors, partners, employees, and different stakeholders. It can keep monitor of contact information for every individual or entity, schedule appointments, and meetings, document conversations and update files and data as needed. CRM integrates together with your ERP system in order that data may be shared seamlessly. This information can help streamline your operations and improve gross sales by figuring out new opportunities for selling more efficiently.

If you’re looking for a Odoo erp for manufacturing , contact Apagen solutions at +91 9971800665. We are the leading Odoo service provider who can offer you the perfect solution for your enterprise.