| Almost all the popular ERP solutions were developed | | | | If ERP solution is not capable of handling these on its |
| for manufacturing sector but their cost effectiveness | | | | own or requires purchase of advanced editions than |
| is to be determined by matching specific requirement | | | | such ERP solutions will not remain cost effective in |
| of the company and functionality of the ERP solution. | | | | the longer run. |
| Many good ERP software are available as SaaS which | | | | Cost effectiveness of ERP solution for manufacturing |
| makes them very cost effective. But, if they lack in | | | | sector is enhances if it is capable of forecasting |
| providing solution to the problem areas of the user | | | | market demands with its analytical abilities and |
| then they remain no more cost effective as | | | | statistical model. Better analysis provided by ERP shall |
| customization may prove to be time and money | | | | allow the managers to capture hidden market trends |
| consuming. | | | | and upcoming changes which will eventually help in |
| ERP solutions are not supposed just to automate the | | | | profit growth. Reduction of human intervention in |
| present transaction system, in fact they are required | | | | processes like cross checking of purchases with |
| to improve business processes, remove bottlenecks | | | | goods receipt or implementation of policies and best |
| of the system, resolve problem areas and enhance | | | | practices etc. Improving the business by providing |
| working of the enterprise. The biggest problem area | | | | latest options like e-commerce, management of web |
| for any manufacturing enterprise is fragmentation of | | | | stores etc., better interaction with customers, |
| information, ERP solution for manufacturing unit shall | | | | vendors and conversion of leads into deals |
| be able to integrate all the functional areas of the | | | | consequently increase profits which makes the |
| enterprise in real time and information available to all. | | | | implementation of ERP cost effective. |
| To workout cost effective ERP software for | | | | Minimum customization or no customization required |
| manufacturing unit the best way is to analyze the | | | | while implementing the ERP for any unit of |
| ERP solution and check out if it can work well for the | | | | manufacturing sector shall be considered as the most |
| enterprise at present. Also check whether it is | | | | suitable option. Though ERP vendors claim that their |
| scalable and adaptable for future requirements or not. | | | | customization will make the application run smoothly |
| Business and market will keep on changing, so will be | | | | and effectively for the user but it may not be so |
| expected from the solution that is integrating the | | | | and it will not remain cost effective too. Its |
| enterprise, a scalable, adaptable and based on latest | | | | integration with already in use applications and |
| technology ERP solution will prove to be cost | | | | databases is also an important factor to be |
| effective in longer run for users of manufacturing | | | | considered while calculating ERP's cost effectiveness. |
| sector. | | | | Ideally a suitable ERP solution available as SaaS will be |
| Purchasing ERP solution is one time expense, one | | | | the most cost effective ERP software for not only |
| must check what cost it is going to incur for up | | | | manufacturing sector but for any sector. If the |
| gradation, refinements and enhancements. With | | | | solutions and features available in the ERP are suitable |
| change in manufacturing techniques, new products, | | | | to the company and it is available as SaaS than this |
| increase in work force, inclusion of subsidiaries, | | | | will not only be cost effective but also will be an |
| increase in number of production units application shall | | | | easily manageable investment. |
| be able to adjust without customization at any time. | | | | |