We found interesting analysis on enterprise resource planning (ERP) systems and their manufacturing capabilities made by the Forbes magazine. Here is the extract of the article.

Forbes defines an enterprise resource planning (ERP) system as a solution that offers features any company can use to integrate all of its functions and technologies, then collaborate across the company for greater efficiency and visibility. A manufacturing ERP further enables manufacturers to integrate manufacturing-specific systems, gaining a holistic view of manufacturing operations, and then collaborate with internal teams, suppliers, warehouses, customers and subsidiaries.

With so many ERP solutions on the market–all with varying feature sets and pricing–it can be difficult to determine which is the best fit for your unique manufacturing needs. To help users find the best manufacturing ERP, Forbes evaluated dozens of the top systems based on costs and fees, functionality, specializations, ease of use, customer support and more.

Forbes listed the Best Manufacturing ERP of 2022:

1. Microsoft Dynamics 365 Business Central: Best (Overall) Affordable Solution for Midsized Businesses

2. SAP Business One Professional: Best for Sustainable-Minded Small Manufacturers

3. SYSPRO: Best Scalable Manufacturing ERP for Growing Businesses

4. QT9: Best for Manufacturers That Produce Highly Regulated Products

5. Epicor Prophet 21 ERP: Best for Product Distribution

6. Oracle NetSuite OneWorld: Best for Global Midsized Manufacturers

7. Acumatica: Best for Modern-Technology Employment in Small Business Manufacturing

Summary: Best Manufacturing ERP by Forbes

9 Benefits of a Manufacturing ERP

According to Forbes, the most benefits of a manufacturing ERP are often realized when companies purchase solutions catered to their individual needs. However, in general, ERPs can help manufacturers protect their cash flow, optimize operations, forecast which decisions will advance company goals, efficiently manage inventory, create supply chain visibility and warehouse efficiencies, enact positive customer experiences and close high-quality sales.

Here is a closer look at each of these manufacturing ERP benefits:

1. Protect Your Cash Flow

A manufacturing ERP frees up cash by assisting with inventory-level management and prompt follow-up on accounts receivable. Its inventory stock parameters ensure unnecessary inventory isn’t stuck in storage. In doing so, it keeps your cash from being tied up in excess storage costs. A manufacturing ERP also links sales and receivables, offering visibility into which customers have paid. Prompt follow-up ensures cash isn’t held up in billing.

2. Optimize Your Manufacturing Operations

3. Forecast Smart Decision-Making

4. Easily Manage Your Inventory

5. Gain Real-Time Visibility Into Your Supply Chain

6. Create Efficiency and Cost Savings in Your Warehouse

7. Create Winning Customer Experiences

8. Create Efficiencies via Automations

9. Create Sales Efficiency To Close High-Quality Sales

Source, more info: Best Manufacturing ERP – Forbes Advisor.

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