Whether you are in the manufacturing or service industry you've likely thought about reducing production costs. It's the main task of any company management, and ERP software helps meet the challenge.

Previously, such systems were standalone software or software packages that worked independently. Being isolated systems they did not actively exchange data with one another. Each independent system had to be supported and developed further separately , which is both troublesome and costly and this fact stopped many company executives.

In contrast, modern ERP systems integrate several processes into one flexible platform. By combining data from multiple resources, companies can improve their analytics and reduce production costs. Moreover, the development of a custom ERP system has many other advantages, which are shown in the table below.

Product quality analysis

ERP system support

Preventive diagnostics based on Big Data

•

•

•

Using sensors and machine learning for accurate forecasting

•

Automated monitoring of key product/service parameters

•

Human resource management

Supply chain / project management

Analysis of quality indicators of product / service and processes

Control of the execution time of operations

•

•

•

•

Creation and modification of new products and services

Building a pricing policy

Choosing suppliers for efficient collaboration

•

•

•

Inventory management and resource planning

•

Automating scheduling

•

Based on customer experience and analytics

Using a set of methods, statistics and methodologies

Taking advantage of digital marketplaces and platforms

•

•

•

•

By creating new production technologies, adoption and use of best practices and industry standards

Setting and monitoring tasks using a single digital system

•

Measurement of quality indicators at each stage of the production chain

•