The textile industry is not only limited to stocking in manufacturing, stocking and distribution. Channel management and sales production, inventory management, quality management and control also play an important role in this sector. What if we told you that all these important processes can be automated with the help of an ERP system?
The textile company often has trouble keeping track of its stocks, material requirements planning, and material production schedules. A customized and complete ERP solution provides a single interface for various modules such as production, sales, purchasing, stock certificate, accounting, distribution and other assets. The usage of the ERP system in the textile industry enables the business to follows:
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The place of production control
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Lot traceability
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Quotation and quality management
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Checking accounts
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Bill of Materials (BOM)
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Planning cash flow and monitoring forecast positions
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Interpreting business conditions
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Providing efficient business information to help financial decisions
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Tracking receipts of payments
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Engineering change control
Let's look at the 10 advantages of the ERP system that textile companies experience after the implementation of ERP.
1. Management Reporting and Financial Data Customized
ERPs help textile industries manage their financial data. It provides real-time transaction information that provides the company's income, expenses, outstanding debts and vendor fees. It also facilitates MIS (Management Information System) reports such as balance sheet, balance sheet and, if necessary, balance sheet.
2. Collaboration and Communication
We do not want to see a business that works separately with each department. Central and consistent data requires a suitable channel for communication and an environment for collaboration. An ERP system touches every aspect of the business, naturally encouraging collaboration between teams.
3. Better Security Data
security should not be a concern when you have an ERP to meet your textile needs. The new system will certainly improve the reliability, consistency, accuracy and security of data through all built-in resources and firewalls. ERP system has always restricted inappropriate data to avoid being stolen by hackers and thieves.
4. Scalability
A well-structured ERP solution allows you to add new users and functionality as your strategies change and over time. It ensures that the additions made to the system do not affect your ongoing transactions. As 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 are important to deliver as scheduled. Sometimes it is difficult to make a delivery as there are no facilities for the material. In such cases, the ERP system simplifies the process by allowing you to handle such cases efficiently.
6. Reduced Machine Downtime
Currently, it is estimated that approximately 8% of machine downtime is associated with the unavailability of suitable raw materials. This is due to poor planning and communication barriers in compiling accurate information. Thus, ERP systems, as discussed, can help you reduce your machine downtime with an efficient supplier selection module.
7. Sales Development
Almost 80% of customers place repeat orders. It has been observed that there are 3 factors affecting the order, namely price, order and delivery. An integrated ERP system will certainly help the textile industry to overcome these risk factors. Price is something that affects most customers, so proper research and competitive analysis is essential.
8. Dyehouse Management
The price of fabric increases due to too much waste from the dye industry. An ERP system simplifies the dyehouse management in the shops for topics just like chemical inventory, daily production report, batch management system, laboratory management.
9. Customer Management
Customer management is getting easier with automated processes for capturing and storing customer data, preferences, and activities. Customer follow-up and increased life value can keep your existing customers engaged and build your brand.
10. Database Integration
The most important benefit of installing an ERP system for your textile organization is that it can be easily integrated with your existing database without any hassle. Customization is limited only to your needs. Once the system is installed, it will easily mix with your existing traditional system.
As a result, ERP software systems play an active role in the textile and fashion industry. It offers companies a clear advantage over other competitive businesses. An ideal ERP solution will provide higher YG within the company. In addition, the solutions will transform core requirements for retail businesses by seamlessly integrating them into products.