What eight benefits can manufacturing ERP bring to the profitability of your operation?
Manufacturing ERP (Enterprise Resource Planning) software has huge potential in terms of return on investment (ROI).
Your choice of manufacturing ERP can affect every aspect of the manufacturing workflow – from the sales quote through production, shipping, and cash receipts.
However, because of the significant impact that ERP systems can have on the processes, productivity and profits of a manufacturing business, it can be difficult to pin a precise financial figure on the potential ROI of your ERP system.
Understanding the ROI of Manufacturing ERP
Most people working in today’s business landscape are familiar with the concept of ERP as a system for accounting, planning and reporting.
This whitepaper from our partners DELMIAWORKS (formerly IQMS) gives you a better understanding of the kind of ROI that ERP systems can bring to your manufacturing operation.
It outlines the eight essential value propositions of manufacturing ERP and explores how ERP systems can drive value and materially improve profitability in a manufacturing environment.
These eight benefits are just the tip of the iceberg – there are numerous other features of ERP systems that can have a significant impact.
By understanding the key financial benefits of manufacturing ERP on everyday operations, you are armed with the knowledge you need, to evaluate business performance – and decide whether investing in ERP software could pay off for your business
Eight essential value propositions of manufacturing ERP
Download the whitepaper to discover:
- How improving inventory turns can save organisations over £120,000 a year (freeing up cash to invest elsewhere in the business)
- How eliminating a 5% error in standard costs can give you over £560,000 in additional annual profits
- How improving scheduling accuracy and eliminating unplanned downtime can create £2-4 million a year in opportunities
- How reducing production defect rates can lower the cost of poor quality by up to £480,000 a year
- How reducing quoting errors by 5% can increase profitability in excess of £280,000
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Posted by Joe on 29th June 2020.