Best ERP Software for Manufacturers

5 Best ERP Software for Manufacturers in 2023

By Team TranZact | Published on Jun 15, 2023

Adopting the best ERP software for manufacturers plays a crucial role when it comes to managing and monitoring diverse business operations.

Your manufacturing business has a range of processes from finance, procurement, supply chain, and manufacturing itself. Managing all of them can be quite challenging. How can you ensure proper coordination between the various functions?

TranZact - Best Inventory Management Software

That's where manufacturing Enterprise Resource Planning (ERP) software comes in as your savior. ERP software for the manufacturing industry helps to manage all the processes of your manufacturing business with an integrated system. Thus, it acts as a business management platform for your business. In this blog post, we will take a closer look at the best ERP software for manufacturers, and guide you through the benefit of using ERP software in manufacturing along with the process of selecting the best ERP for manufacturing.

Top 5 ERP Software for Manufacturers in India:

1. TranZact - It is the best cloud-based ERP software for manufacturers since it digitizes the entire business process from sales inquiry to delivery.

2. Oracle ERP - Oracle is a cloud-based software that helps to automate the processes of project planning, governance, and risk management.

3. SAP ERP - It offers cloud-based and on-premise software for managing business processes. However, it is more suitable for large corporations.

4. Tally ERP - It is one of the oldest ERP software programs in the market. But this tool is complicated, and only well-trained users can understand it.

5. SAGE 300 ERP - It helps to integrate processes like budget management, sales management, and customer relationship management.

What Is ERP Software?

ERP software provides a system to plan and manage all the functionalities of your manufacturing business. It integrates the different business processes from procurement to supply chain.

Thus, ERP software coordinates the various business functions, helping in the smooth operation of your company.

What Is Manufacturing ERP Software?

A manufacturing ERP is a specialized ERP software for the manufacturing industry. It is tailored to the specific needs of a manufacturing business.

For instance, procurement of raw materials, manufacturing of finished goods, and supplying them to the market, form an integral part of any manufacturing business. And a manufacturing ERP helps to manage these processes by integrating them with the other regular business functions.

Importance of Using ERP Software in Manufacturing

An ERP software provides a manufacturing management system, for the optimal utilization of resources in a manufacturing business. It reduces the overhead resources required for production, thereby boosting your profitability.

The best ERP system for manufacturing also acts as a single, integrated record system for your manufacturing business. It enables the management to access information about all the processes at any given time. The sales team can check the data on customer orders. Similarly, the logistics team can ensure the timely delivery of the required goods to the customer.

Therefore, ERP software helps to multiply the efficiency of your manufacturing business.

Benefits of ERP Software for Manufacturing Companies

There are numerous financial and operational benefits of ERP software for a manufacturing company. Let's look at some of the major benefits:

  • Automating business processes to improve speed and efficiency
  • Optimizing resource use for better productivity
  • Improving warehouse, transportation, and end-to-end supply chain management
  • Providing improved services to customers, backed by reliable data
  • Coordinating the various departments
  • Acting as a single and centralized record system accessible to everyone
  • Recording real-time reporting for all your business operations

Read Also - Which Software Is Recommended For Inventory Management?

Difference between a Standard ERP and a Manufacturing ERP

A standard ERP is a generic system suitable to the needs of all businesses. It does not consider the specific needs of the manufacturing industry. Thus, it might provide a restricted view of data for a manufacturing business.

However, a manufacturing ERP system is tailored to the requirements of a manufacturing business. It integrates manufacturing processes like procurement, supply chain management, and inventory management with other essential business processes. This equips you to get visibility of every data point of your manufacturing business.

When Is a Manufacturing Company Ready to Implement ERP Software?

When the manufacturing company grows

Manufacturing businesses of all sizes require ERP software for efficient management of business processes. One can't do without an ERP system when their company starts growing.

As a business, you are involved in several processes, from marketing to accounting. And you can't single-handedly manage everything when your business expands. So, you need to implement an ERP system to get an overview of your business processes and pay attention to the most crucial areas.

When there is stiff competition

The best ERP system for manufacturing helps you beat the competition in the market. When you manage your business functions efficiently, other businesses can't supersede you easily.

An ERP helps you reduce costs, improve management, and boost adaptability. Your business becomes fiercely competitive when all the core processes are optimized.

When the existing systems fail

As an SME business owner, are your existing management systems failing to coordinate all your business tasks? Maybe what they are experiencing is a capacity overload. This is the time to adopt the best ERP for a small manufacturing business.

Your existing system might no longer support the growth of your company. For instance, it may fail to provide adequate data regarding customer demands. This hinders you from making timely supplies, which will impact your business revenue.

Which Is the Best ERP Tool for Manufacturers?

Considering the competitive demands of today's marketplace, TranZact is the best ERP software for manufacturing. Since it is specifically designed by keeping in mind the requirements of the manufacturing industry, it seamlessly meets dynamic business needs.

Known as the best ERP software for manufacturing in India, TranZact helps to integrate core business functions like reporting and accounting with manufacturing-specific processes like procurement, inventory management, and production.

It is also very easy to operate. You don't need any special technical knowledge or expertise. That makes TranZact the perfect ERP software for a small manufacturing company.

Read Also - Understanding ERP Modules: Types, Features and & Functions

Features of TranZact

TranZact is better than traditional ERP systems. Let's take a look at its features that empower Small and Medium Scale Enterprises (SMEs) to operate in a smooth and seamless manner.

  • It is a cloud-based tool, making it easily accessible.
  • You can use the base features of the software free of cost for your business. The free version provides several features that your business needs. You can upgrade to the paid version only when you need access to some additional and advanced features.
  • The dashboard gives an overview of how your business is performing in real-time, enabling you to make strategic and data-driven decisions. This makes it the best ERP for the manufacturing industry.
  • You get features like Tally Integration and Inventory Management. So you don't have to make separate entries in accounting software.
  • You get complete data security since it uses AWS cloud services.
  • It's super easy to use, and you don't require any technical knowledge to handle the software.

The above features make TranZact the best ERP for manufacturing businesses, enabling them to automate processes and grow consistently.

Try TranZact's ERP Tool Today

Effective ERP software can transform the way your manufacturing business works. You can easily automate mundane manual tasks for greater efficiency.

TranZact's ERP tool streamlines your business processes so that you know what areas of business deserve your attention. Now that you know the best ERP software for manufacturers, it's time to upgrade your business operations and boost your business growth. Book your free trial now.

FAQs on Best ERP Software for Manufacturers

1. Which ERP tool is the best?

TranZact is the best ERP tool for manufacturing businesses as it automates important functions such as production and inventory over a cloud-based and user-friendly platform. It is 100% secure and quickly implementable, making it popular among SME businesses.

2. Which software is the best for manufacturing businesses?

TranZact is the best software for manufacturing businesses as it is designed to address the specific concerns of the manufacturing industry. It offers sales and purchases, production, inventory, and material requirements planning modules to simplify core manufacturing operations.

3. What is ERP software for manufacturers?

ERP software for manufacturers is a comprehensive solution that integrates various business functions, including production planning, inventory management, supply chain management, financial management, and more, into a single system.

4. Is cloud-based ERP software suitable for manufacturers?

Yes, cloud-based ERP software offers numerous advantages for manufacturers, including scalability, accessibility, reduced infrastructure costs, automatic updates, and improved collaboration across multiple locations.

5. How much does an ERP system cost?

The cost of an ERP system depends on several factors such as the number of users, services offered, and the size of the organization. Depending on the functionalities, it may start from around Rs. 5000 per month and can range up to Rs. 2 lakhs for the entire package.

6. What are the challenges of ERP for small businesses?

Sometimes, ERP software can have a complex user interface. That makes the learning curve steep and people without technical knowledge find it hard to use the software.

7. Which is the best ERP for small-scale industries?

TranZact is a digitized business automation platform offering the best ERP for small businesses in India. It is easy to use and automates all key business processes across sales, quotations, purchases, inventory, and production. It also offers professional GST-compliant invoices and documentation, easy collaboration, and over 65+ reports. Plus, it offers a free version too.

8. How to implement an ERP system in a company?

You can implement an ERP system with the following simple steps:

  • List down your business objectives.
  • Choose a suitable ERP system.Sign up and integrate it with other important functions.

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TranZact

TranZact is a team of IIT & IIM graduates who have developed a GST compliant, cloud-based, inventory management software for SME manufacturers. It digitizes your entire business operations, right from customer inquiry to dispatch. This also streamlines your Inventory, Purchase, Sales & Quotation management processes in a hassle-free user-friendly manner. The software is free to signup and gets implemented within a week.