Manufacturing industries follow various processes to make sure quality production. Production planning tools help them speed up operations, reduce errors, and increase outcomes. Whether it is analyzing customer orders, improving inventory management, optimizing production processes, or allocating resources, production planning tools help you improve overall efficiency.
Since there are many production planning tools available in the market, it is difficult to choose the right one for you. TranZact and ERPNext are among the top ones that offer various features to fulfill your manufacturing goals. In this blog post, we will learn about both TranZact and ERPNext so that you can choose the best production planning software to implement in your manufacturing business.
Importance Of Production Planning Tools In Manufacturing Business
Production planning tools are very important to increase productivity in manufacturing businesses. They help you optimize processes. Let’s learn more about their importance in manufacturing businesses.
- Communication And Coordination: They improve communication between departments and help you coordinate for the same manufacturing goal.
- Inventory Management: They help you manage real-time inventory levels based on your production targets.
- Resource Allocation: They suggest how to distribute work and materials to the relevant workers and machines to maximize efficiency.
- Production Scheduling: They can schedule manufacturing processes in proper order to reduce waste and downtime and increase efficiency.
- Process Monitoring: They help you monitor operational activities in real time to improve quality control and modify strategies when needed.
To learn more, read this blog post - Production Planning Software - Make Your Manufacturing Smart
TranZact - A Production Planning Software
TranZact is one of the most effective production planning software available. It helps you streamline processes from enquiry to dispatch. It is especially developed for Indian SME manufacturers. Let’s learn about the unique features of TranZact production planning software.
1. Production Scheduling
TranZact helps you analyze your available resources and goals to optimize your production scheduling. It focuses on your key performance indicators (KPIs) and weaknesses to schedule processes for maximum output. It also allows you to modify your processes in real time to increase or decrease production volumes and improve your demand management.
2. Material Requirement Planning
Material Requirement Planning module helps you calculate the right amount of material needs according to your production targets and sales orders. It helps you create accurate purchase requisitions at the right time and improves your purchase management. It also helps run the production process smoothly and avoid delays.
3. Inventory Management
TranZact improves your inventory management which helps to avoid disruptions in production. It monitors your stock levels and alerts you when reaching minimum or maximum stock levels. It helps you make sure that raw materials are available to achieve your production targets. It also helps you reduce inventory holding costs by avoiding overstocking.
4. Multi-Level BOM
TranZact’s multi-level BOM (Bill of Material) feature helps you calculate accurate prices of your finished goods. It improves accuracy in calculation because it adds costs for each component of manufacturing products. It also tracks labor charges, machinery charges, and overhead costs to calculate the correct prices of finished goods. It also allows you to edit your BOMs and see who modified them last to improve transparency.
5. Multi RFQs
Tranzact’s multi-RFQs (Request for Quotations) feature allows you to send RFQs to multiple suppliers and track their responses. It helps you compare all the RFQs with each other and select one that saves money for your business. It helps you save procurement costs and time by improving your purchasing decisions.
6. Quality Control
With TranZact, you can track production processes in real time to identify issues that can cause downtime and defects. It helps you manufacture products by following industry quality standards. Better product quality helps you improve customer satisfaction and leads to more orders for your business.
ERPNext - A Production Planning Software
ERPNext is a software that is very useful for manufacturing, retail, distribution, healthcare, and service-based businesses. ERPNext production planning software helps manufacturers reduce errors in production processes and improve visibility. Let’s learn about its features that help increase efficiency in manufacturing businesses.
- It improves capacity planning by analyzing previous data and available resources.
- It improves material resource planning to set accurate production targets.
- It improves shop floor management by providing real-time data on work.
- It improves inventory management with real-time inventory tracking features.
- Its serialized inventory and batch inventory features help to keep balanced stock levels to avoid disruptions in production.
- It analyzes production data and suggests the best-suited work order to reduce waste and increase efficiency.
- It helps you optimize production processes and control production costs.
How TranZact And ERPNext Serve As Effective Manufacturing Productivity Tools
TranZact and ERPNext are effective manufacturing productivity tools in many ways. In TranZact, you can log in multiple enquiries and work on generating accurate quotations. It further analyzes previous orders and customers’ preferences to focus on the right products and set production targets. You can also create a multi-level BOM. This helps with accurate costing.
In the Material Requirement Planning module, it offers automated inventory optimization. This helps to avoid overstocking and make sure that raw materials are available to achieve production targets. TranZact makes it easy to optimise and improve production processes by communicating and coordinating with other departments involved in manufacturing using its comments feature. TranZact also integrates with Tally, Busy, Zoho, Google Sheets and Email.
ERPNext also allows integration with systems being used in several departments. It is effective at analyzing historical production data to help you make informed decisions. It offers performance monitoring features that help you modify your strategies in real-time. ERPNext also allows customization to achieve your manufacturing goals.
Feature Comparison: TranZact Vs ERPNext
TranZact and ERPNext offer various features to fulfil your manufacturing goals. Some of the features are common in both software, such as data analytics, process monitoring, and customization. Let’s learn about their features of production planning.
TranZact Features
TranZact is an easy-to-use tool made to contribute to the growth of the Indian manufacturing industry. It has many modules to ease the production planning process for Indian SMEs. It offers some unique features in each module that we will discuss below.
1. TranZact’s Resource Planning Module
It allows various planning such as resource, machine, and manpower planning. Its material resource planning feature allows you to maintain minimum stock levels and manage multiple orders. It also generates process details and helps you improve communication to get the required resources when needed.
2. TranZact’s Inventory Module
It shows details of all items in the inventory, such as raw materials, finished goods, and semi-finished goods. It allows you to create unique item IDs and categorize items to organize them in a better way. The inventory levels get automatically updated as the inward documents or GRN documents are updated. It allows you to set minimum and maximum stock levels and send alerts via email or WhatsApp when reaching those levels. It also allows you to add multiple stores and manage them from one platform.
3. TranZact’s Production Module
It shows the status of all the production processes, such as planned, pending, work-in-progress (WIP), and completed. When the sales department books orders, it automatically sends them to the production department with details. It creates a multi-level bill of material and figures out the correct pricing for finished goods by analyzing overhead costs, labor charges, machinery charges, electricity bills, and others.
4. TranZact’s Sales And Purchase Module
It improves your procurement and document management. It shows the details of the procurement of raw materials and sales of finished goods. It tracks conversion status from enquiry to order confirmation and shows status as pending, won, lost, and cancelled. It automatically reminds about payment or delivery of purchase orders. TranZact comes with many more modules, such as Payments, Buyers & Suppliers, Approvals, Accounting Integration, and Resource & Intelligence. These modules are dedicated to improving your manufacturing processes and fulfilling your manufacturing goals.
ERPNext Features
ERPNext offers several features for different businesses, including manufacturing, retail, distribution, and healthcare. Here are the top features of ERPNext that can be useful for your manufacturing business in fulfilling your production planning goals.
- It creates detailed bills of materials (BOMs) that include product codes, part descriptions, quantities, and costs.
- It improves shop floor management by monitoring operations and workstations.
- It shows the real-time status of work orders, production lines, and employees' assignments.
- It tracks details of the outsourced services and analyzes them to determine the value of final goods.
- It categorizes products based on their sizes and colours.
- It shows the manufacturing and expiration dates of products so that they can be managed accordingly.
- It offers material resource planning to improve efficiency and productivity.
- It optimizes production processes based on available resources and production targets.
- It tracks inventory with different measurement units.
- It offers barcode scanning features for easy counting.
- It tracks reorder levels to avoid stockouts.
Cost Comparison: TranZact Vs ERPNext
On the one hand, TranZact offers flexible pricing based on your business requirements, ERPNext offers only standard pricing. Let’s learn about the pricing of both TranZact and ERPNext to choose the one best suited to your budget and production planning requirements.
TranZact Pricing
- It offers a free plan for businesses that you can choose for basic features like inventory tracking.
- Its small plan price is Rs 3,999/month, which you have to pay on a yearly basis.
- Its medium plan comes with Rs 9,999/month, which you can pay on a yearly or quarterly basis.
- Its enterprise plan price is Rs 29,999/month, and you can pay on a yearly or quarterly basis.
ERPNext Pricing
- If you own a small business, then you have to pay Rs 4100/month. This plan is suited for a team that includes around 50 employees.
- If you own a large enterprise, then you have to contact ERPNext to learn the pricing details because they can vary based on your requirements.
Benefits Of Using Manufacturing Planning Software
Manufacturing planning software helps you analyze large data to optimize processes based on your requirements. Let’s learn about the key benefits of using manufacturing planning software.
- It analyzes historical data to predict accurate future demands.
- It identifies bottlenecks to reduce downtime.
- It organizes work in the best order based on your KPIs to maximize efficiency.
- It improves resource management, including materials, machines, and workers.
- It reduces waste and production costs with optimized processes.
- It monitors the production process to identify defects and improve product quality.
- It helps you make informed decisions to increase overall efficiency and productivity.
To learn more, read this blog post - Production Planning Software - Make Your Manufacturing Smart
Manufacturing Process Optimization With TranZact And ERPNext
Manufacturing process optimization can be easy either with TranZact or ERPNext. However, both are designed to serve specific industries with their unique qualities and capabilities. Thus, you can choose one that fulfills your manufacturing process optimization needs.
TranZact helps you improve inventory accuracy and stock replenishment at the right time to avoid disruptions in production. With additional features like barcode tracking, batch tracking, and real-time updates, you get complete control over inventory. It also helps you distribute work to the workforce and machines. With TranZact, you can optimize your manufacturing processes from enquiry to dispatch.
On the other hand, ERPNext helps you analyze production data to improve processes. It tracks inventory batched or serialized to speed up processes and reorder on time to continue running operations. With ERPNext, you can monitor the real-time status of the production process to improve product quality.
Final Thoughts On Choosing The Best Production Planning Tool For Manufacturing
TranZact and ERPNext are effective production planning tools for manufacturing industries. However, based on our comparison, TranZact is the better production planning tool for Indian SMEs. On one side, where ERPNext is suited for purposes like shop floor management, TranZact can improve your overall manufacturing processes from enquiry to dispatch.
Whether you need multi-location inventory management software, purchase requisition software, or production management software, TranZact brings all these features into one platform. TranZact is also easy to use, and your employees can operate it with basic skills. It gets implemented in 14 days. Choose TranZact today to improve visibility over current processes and make better decisions for the future with real-time tracking and record-keeping.
FAQs
1. What are the key features of production planning tools?
The key features of production planning tools are as follows:
- Data Analytics
- Demand Forecasting
- Production Scheduling
- Resource Allocation
- Real-Time Monitoring
- Quality Control
- Batch tracking
- Barcode tracking
2. How does TranZact production planning software enhance manufacturing productivity?
TranZact production planning software improves manufacturing productivity by the following:
- Multi-level Bill of Material
- Controlled Inventory Management
- Better Material Requirement Planning
- Accurate Costing
- Optimized Production Scheduling
- Improved Quality Control
3. How do TranZact and ERPNext compare in terms of user interface and ease of use?
TranZact is the easiest software made for Indian SME Manufacturers. It requires basic skills to operate. ERPNext is a versatile software that requires more technical knowledge to operate.
4. Can TranZact and ERPNext integrate with other manufacturing management software?
Yes, both TranZact and ERPNext can integrate with other manufacturing management software, such as Zoho, Busy, Tally, and other third-party apps.
5. What should I consider when choosing between TranZact and ERPNext for production planning?
When choosing between TranZact and ERPNext for production planning, you should go with TranZact because it is specially made for Indian SME manufacturing companies and streamlines all manufacturing processes easily.
6. How do production planning tools contribute to manufacturing process optimization?
Production planning tools contribute to manufacturing process optimization in the following ways:
- Analyzing Historical Data
- Improving Capacity Planning
- Utilizing Resources For Maximum Outputs
- Managing Inventory Levels
- Real-Time MonitoringReducing Waste And Downtime
