The ongoing pandemic and market recessions, the manufacturing industry suffers from a decline in demand for disruption in the supply of the manufactured goods and several other crises. However, these developments have also brought forth different areas where digitisation and use of IT technologies is an utmost necessity. With the use of automation systems and commercial models, it is possible for the manufacturing companies to overcome the hurdles. Hence, be successful while adapting to the changing dynamics of the market.
Of course, the enterprise resource planning software solutions can be a great help for the manufacturing enterprises. ERPs automate different processes of a company and save time and provide efficiency to the business processes. With proper digital solutions, it becomes very easy to manage the inventory while cutting the inventory cost. Furthermore, it also helps in properly maintaining the supply chain by keeping a balance between supply and demand of products. Also, automation can be introduced to the purchasing of raw materials and invoicing. With efficient software, orders can be generated automatically if any raw material or essential product becomes nil in the stock.