Which ERP Software is Best for Manufacturing?

Here’s a look at the top ERP systems for manufacturers:

1. SAP Business One

SAP Business One is among the leading ERP solutions designed for small-to-medium manufacturing companies. With its user-friendly and integrated interface, SAP B1 provides a cost-effective solution for various divisions inside any manufacturing company. For instance, this centralized ERP solution supports manufacturing functions like:

• Bill of materials (BOM)
• Production orders
• Materials requirement

Here are some SAP B1 capabilities that make it the best ERP solution for manufacturers:

• Support for various types of manufacturing – including light manufacturing, batch processing, project-based manufacturing, and product assembling.
• Streamlining of the complete manufacturing process – from procurement to production.
• Effective inventory management by minimizing inventory carrying costs and tracking stock movement.

2. NetSuite ERP

Now an Oracle product, NetSuite is another ERP product designed for small to mid-sized manufacturers. This ERP system is popular among manufacturing companies for its cost-effective pricing, scalability, and cloud implementation. With over 24,000 global customers, NetSuite offers a host of features for the manufacturing domain, including:

• Inventory management
• Real-time analytics
• Supply chain management
• Financial management

Here are some of the business benefits of Oracle NetSuite for manufacturers:

• Support for manufacturing processes and industry-specific dashboards
• Real-time operational visibility into manufacturing operations
• Integrated business management
• Faster ROI and rapid time-to-market

3. Acumatica

Among the fastest growing ERP solutions, Acumatica is a cloud-powered ERP system for mid-sized manufacturers – with revenues ranging from $10 to $50 million. One of its main capabilities is that this ERP system can easily scale according to business needs. It also supports different forms of cloud environments including private, public, and hybrid.

Here are some of the business benefits of Acumatica for manufacturers:

• Real-time insights from various manufacturing functions
• Real-time data access on any device
• End-to-end production control
• Automated order management and procurement
• Support for different types of manufacturing

4. Epicor Kinetic

Previously known as Epicor ERP, Epicor Kinetic is among the leading ERP systems for the manufacturing industry. Supported on both cloud and on-premises, Epicor Kinetic has built-in capabilities like quality management, real-time production monitoring, and financial integration. It’s best suited for complex manufacturing facilities.

Here are some of the business benefits of Epicor Kinetic for manufacturers:

• End-to-end supply chain management with complete visibility.
• Effective control over production management
• Suited for versatile needs including make-to-order, engineer-to-order, and configure-to-order.
• Compliance with manufacturing industry regulations.

5. IFS Cloud

Since 1983, IFS has been a tried-and-proven ERP solution specifically designed for manufacturers. This system is best suited for manufacturers generating over $75 million in annual revenues. On its part, IFS Cloud supports a host of manufacturing functions, including:

• Materials management
• Sales & order management
• Production management
• Supply chain management

Here are some of the advantages of IFS Cloud for manufacturers:

• Combination of 4 essential processes, namely service and asset management, manufacturing, project, and supply chain.
• Intuitive user interface for an exceptional user experience and higher productivity.
• Component-based service-oriented architecture (SOA) is used to easily customize this ERP solution to specific customer requirements.

6. Microsoft Dynamics 365

For over 30 years, MS Dynamics has been the company’s leading ERP solution – with a range of in-built products like MS Dynamics AX, MS Dynamics GP, and MS Dynamics NAV for the manufacturing industry. This ERP’s simple pricing model and cloud support makes it ideal for small to medium-sized manufacturers. It’s suitable for both cloud and on-premises deployment.

Here are some of the business benefits of MS Dynamics 365 for manufacturers:

• Real-time tracking of manufacturing processes
• Streamlining of inventory management
• Advanced demand forecasting capabilities
• Cost reduction and immediate response to market conditions

Verdict – Which ERP software is Best for Manufacturing?

When selecting the right ERP for your manufacturing company, there are several factors to consider, such as ERP functionalities, implementation costs, and business size. For a small-to-medium-sized manufacturer, SAP Business One offers the best ERP functionality and cost efficiency.

By partnering with an ERP service provider like Praxis Info Solutions, you are assured of seamless ERP deployment and installation in your manufacturing facility. Our team of ERP professionals can help customize business modules in ERP to meet your specific requirements.

Explore the benefits of SAP as an ERP for your manufacturing company? We can guide you. Contact us today.