Textile industry is not just confined to manufacturing, stocking it in the inventory and distribution. Channel management and sales generation, inventory management Quality management and control also plays cardinal role in the business. What if we tell you that all these crucial process can be automated with the help of an ERP system?
The textile company usually faces problems in tracking down their inventory, material requirement planning, and material production schedules. A customized and complete ERP solution provides a single interface for various modules like manufacturing, sales, purchase, stock, accounting, distribution and other assets.Using ERP system in textile industry enables the business to:
Let’s look at 10 benefits of the ERP system that textile companies have experienced post implementation of ERP.
1. MIS Reporting and Financial Data
Customized ERP’s help textile industries to manage their financial data. It provides real-time transaction information providing company’s revenue, expenses, outstanding debts and vendor charges. It also facilitates MIS reports like balance report, balance sheet as and when required.
2. Collaboration and communication
We do not want to see a business tangled with each department operating separately from each other. A proper channel for communication and medium for collaboration is necessary for a centralized and consistent data. An ERP system touches every aspect of the business, thus naturally encouraging a collaboration between the teams.
3. Better Security
Data security shouldn’t be a worry when you have an ERP in place to take care of your textile needs. The new system will certainly improve the reliability, consistency, accuracy and security of data, all through in-built resources and firewalls.
The ERP system has always restricted inappropriate data to avoid being stolen by hackers and thieves.
A well-structured ERP solution enables you to add new users and functionality as and when your strategies change. It makes sure any additions to the system doesn’t affect your ongoing operations. When your business expands and is ready to grow, your ERP system should be able to facilitate that growth.
5. Reduction in cycle time
ERP systems allocate materials to specific customers and is important for making deliveries as planned. Sometimes it becomes difficult for making deliveries since there is no possibility for material. In such cases ERP system eases out the process by letting you handle such cases efficiently.
6. Reduced machinery downtime
Today, it is estimated that almost 8% of machine downtime is connected with non-availability of proper raw material. This happens due to inefficient planning and communication barriers in compiling the correct information. Thus, ERP systems, as discussed, could help you bring down your machinery downtime with effective supplier selection module.
7. Sales Improvement
Almost 80% customers place repeated orders. It was seen that there are 3 factors that affect orders, i.e. price, order and delivery. An integrated ERP system will definitely help textile industries in overcoming these risk factors. Price is something that affects most of the customers, therefore proper research and competition analysis is important.
8. Dye House Management
Fabric price increases due to a lot of waste generated from the dyeing industry. An ERP system facilitates dye house management which provides chemical inventory, daily production report, batch management system, lab-management, etc.
9. Customer Management
Customer management becomes quiet easy with processes automated for capturing and storing customer data, preferences and activities. Tracking and increased lifetime value of customer can keep your existing customers engaged and build your brand.
10. Database Integration
The most important benefit deploying an ERP system for your textile organization is that it can be easily integrated with your current database without any hassles. Customization is just limited to your needs. Once the system is installed, it will easily blend with your current traditional system.Conclusion
ERP software systems are playing an efficient role in the textile and fashion industry. They present companies with a clear advantage over other competitive businesses. An ideal ERP solution will deliver higher ROI within the business. Moreover, the solutions will transform the basic requirements for retail businesses by seamlessly integrating with the merchandise.
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