ERP for Manufacturing companies: the best ones for SMEs

Are you searching for the best ERP solution for small and medium-sized manufacturing businesses (SMEs)? Well, this article is for you.

Solution ERP for manufacturing companies - Viindoo Manufacturing is a solution specifically designed for the manufacturing industry, meeting the needs of business and production process management. In this article, Viindoo will provide detailed information and a comprehensive view of an ERP business management software for the manufacturing sector as well as delve into the best solution to apply.

What is ERP for Manufacturing companies?

ERP solution in manufacturing is a comprehensive solution, meeting all professional requirements of manufacturing companies. It integrates various business functions such as production planning, inventory management, supply chain management, financials, human resources, and customer relationship management into a single system. By providing real-time visibility and data-driven insights, ERP software empowers manufacturers to make informed decisions, optimize operations, and enhance overall efficiency.

The main features that ERP software for manufacturing businesses needs are:

  • Production Planning: Effective production planning and scheduling is possible thanks to ERP production management software. At the same time, it allows manufacturers to optimize resources, minimize delivery times and meet customer needs effectively.
  • Inventory Management: Accurate tracking of raw materials, work in progress and finished products integrated with ERP warehouse management software. Ensure optimal inventory levels, reduce shipping costs and eliminate shortages or overstocks..
  • Supply Chain Management: The system seamlessly integrates with ​supply chain management software​ to help manage the end-to-end process from suppliers to distributors, enabling efficient procurement, order fulfillment and logistics management.
  • Financial Management: Fully integrated modules of an ERP accounting software help with easy invoice processing, accounts receivable and payable management, budgeting and financial reporting, providing control and compliance capabilities. Completely comply with financial regulations.
  • Quality Control: Built-in quality management software features help ensure products have consistent quality, complying with output standards with strict quality testing processes.
  • Manufacturing Report and Analytics: Advanced reporting and analytics capabilities provide valuable insights into key performance indicators (KPIs), facilitating data-driven decision-making.
  • Accounting, financial intricacies, tax calculations, and reporting.
  • Integrate other functions such as ERP sales software, marketing and operations.

Despite the laudable capabilities and amenities, the prospect of delving into new technologies and integrating them within a platform often causes anxiety for small business owners. With the context of building complex, manufacturing-focused systems, an important question arises: Which ERP solution best suits the special requirements of small and medium-sized manufacturing enterprises?

Within this exhaustive guide, our aim is to decode key considerations that are integral to the selection of an ERP software, customized to cater to the unique demands of small-scale manufacturing enterprises spanning a diverse array of industry domains.

Some specialized features for Manufacturing companies in Viindoo

Some specialized features for Manufacturing companies in Viindoo

Role of ERP in ​Manufacturing Companies

ERP for manufacturing companies - Viindoo Manufacturing

Role of ERP in ​Manufacturing Companies

Boost Efficiency and Data Integration

ERP systems are designed to integrate various aspects of a manufacturing company's operations into a centralized platform. From supply chain management to production planning, and inventory control to quality assurance, an ERP solution streamlines these functions, ensuring smooth coordination across departments. By eliminating manual processes and automating workflows, manufacturers can significantly increase efficiency, reduce costs, and eliminate data silos.

Real-Time Insights and Decision-Making

One of the key advantages of implementing an ERP system in a manufacturing company is gaining access to real-time insights. With accurate and up-to-date information readily available, managers can make informed decisions promptly. By analyzing data on production cycles, inventory levels, customer demand, and financial performance, manufacturers can identify bottlenecks, optimize resource allocation, and align their strategies with market trends.

Scalability and Flexibility

As businesses grow, their operational requirements evolve. ERP systems offer scalability and flexibility to adapt to changing organizational needs. Whether you're expanding into new markets, diversifying product lines, or managing multiple locations, a robust ERP solution can accommodate these complexities. Manufacturers can scale their operations seamlessly by providing a unified view of the entire business while maintaining process consistency and control.

The ​Best Manufacturing ERP Software Solutions​

Now, let's explore some of the leading manufacturing ERP software solutions available in the market. These platforms are known for their advanced features, industry-specific functionalities, and track record of success in optimizing manufacturing processes.

ERP for manufacturing companies - Viindoo Manufacturing

ERP for manufacturing companies can have tremendous impacts on the effectiveness

SAP S/4HANA

SAP S/4HANA is a comprehensive ERP solution specifically designed for the manufacturing industry. It offers end-to-end integration across procurement, production, sales, and service functions. With its advanced analytics capabilities and real-time data processing, manufacturers can make data-driven decisions to enhance efficiency and customer satisfaction.  

SAP S/4HANA also supports intelligent technologies like artificial intelligence (AI) and machine learning (ML), enabling predictive analytics and automation. SAP can be quite perfect but it can be unaffordable software for SMEs because of its exorbitant cost per user. 

Oracle NetSuite

Oracle NetSuite is a cloud-based ERP system that caters to the unique requirements of manufacturing companies. It provides a unified platform for managing financials, supply chains, inventory, and production operations. With its robust reporting and analytics tools, manufacturers can gain deep insights into their business performance. Oracle NetSuite also enables collaboration with suppliers, partners, and customers through its integrated portal, enhancing transparency and fostering stronger relationships.  

Like SAP, Oracle NetSuite can be quite expensive, especially for SMEs with limited budgets. The licensing, implementation, and customization costs can add up quickly, making it less feasible for smaller businesses with tighter financial constraints. The system's extensive functionality and flexibility can also be a drawback.

Microsoft Dynamics 365 Business Central

Microsoft Dynamics 365 Business Central is a flexible ERP solution that empowers manufacturers to streamline their operations. It offers comprehensive functionalities such as demand forecasting, production planning, quality control, and warehouse management. With seamless integration to other Microsoft tools like Excel, Outlook, and Power BI, manufacturers can leverage familiar interfaces and maximize productivity. The cloud-based nature of Business Central ensures scalability and accessibility on any device. 

However, Scalability and costs can be challenges for SMEs. While Dynamics 365 Business Central is designed to scale with business growth, SMEs that experience rapid expansion might eventually outgrow the capabilities of the system, necessitating a transition to a more advanced ERP solution. In terms of the price, the licensing, implementation, and ongoing subscription costs of Dynamics 365 Business Central can be relatively high for some SMEs. The total cost of ownership, including training, maintenance, and potential customizations, should be carefully evaluated.

In general, despite the significant features of these ERPs for manufacturing companies, cost, scalability concerns, and support and customization costs are common challenges that many ERP systems, including SAP, NetSuite, and Microsoft Dynamics, can face when implemented by SMEs in the manufacturing sector. 

Viindoo Solution - The best ERP solution for SME manufacturing businesses

ERP for manufacturing companies - Viindoo Manufacturing

Using Viindoo - ERP for manufacturing ​companies

In the realm of modern manufacturing, efficiency and streamlined operations are paramount to success. As an SME navigating the complex landscape, finding the right ERP software can be transformative. Then let's immediately learn about our ERP software for small and medium businesses  - Viindoo Solution.

Discover Viindoo Manufacturing Software

The All-in-one Manufacturing Software for SMEs. Full of features from Manufacturing Management, Inventory, HR, Accounting, etc.

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erp for manufacturing

In terms of functionality, Viindoo Solution provides comprehensive ERP solutions, meeting the specialized requirements of manufacturing businesses, including:

  • MRP Management: Viindoo offers a range of powerful features that cater to the needs of manufacturing companies. Here are some key MRP features available in Odoo:
    • Bill of Materials (BoM) Management
    • Production Planning and Scheduling
    • Work Orders
    • Inventory Control
    • Material Requirements Planning
    • Routing and Operations
    • Automated Procurement
    • Quality Control
    • Traceability and Serial Numbers
    • Product cost analysis
    • Product Lifecycle management
    • Quality Management
    • Equipment Maintenance
    • Reporting and Analytics
  • HR Management: Not only the Manufacturing process management, Viindoo - with the varied features related to HR management can empower the managers in management throughout the Employee Cycles, including: 
    • Streamlining the recruitment and onboarding process
    • Employee Management
    • Compensations & Benefits Management
    • Performance Management
    • Training & Development

Viindoo HRM is one of the features in Viindoo - ERP for manufacturing companies

Viindoo HRM is one of the features in Viindoo - ERP for manufacturing companies

  • Integrated Sales, and Marketing activities: As ERP software, Viindoo can complete the whole process from Website, Campaign and Lead Management, Sales Pipeline and Order Management to Manufacturing Orders to fulfill the Orders.
    • Marketing Automation: Automating marketing tasks such as email campaigns, lead nurturing, and social media postings on Linked in and Facebook.
    • Campaign Management: Planning, executing, and tracking marketing campaigns.
    • Lead Management: Capturing, tracking, and qualifying leads generated through marketing efforts.
    • Customer Relationship Management (CRM): A central database to manage customer interactions, sales leads, contact information, and sales opportunities.
    • Order Management: Processing and tracking customer orders

CRM - a tool empowering customers in Viindoo

CRM - a tool empowering customers in Viindoo 

  • Financial management: Viindoo could provide a centralized platform where all financial data is stored, allowing accounting teams to access, track, and manage financial information.
    • Automation of Financial Processes
    • Production costs calculation
    • Accounting for Subcontracting Goods Valuation  
    • Financial Reporting and Analysis