Companies across the world are seeing a rapid growth in the manufacturing and distribution sector. With a myriad of choices for the consumers from a plethora of organizations, individuals can compare and choose the best available product at the most competitive prices. While quality was enough for manufacturing companies to succeed in the earlier days, the same cannot be said wherein numerous entities are responsible to add priceless value to the table.
Amidst these raging times, organizations are facing multiple hurdles in the form of government norms and reforms that could at times hinder their progress. While the prime minister expects the manufacturing sector of the country to contribute to 25% of the GDP, the rapid rise in digital transformation techniques and hesitation to adapt to new trends pose a viable threat to the coveted sector. Along with the contribution to the GDP, the sector under the ‘Make In India’ scheme is expected to create 10 crore jobs by 2020. In addition to the introduction of new norms and policies, the sector is going through a phase of a renaissance in the form of digital transformation.
The changing dynamics of the market is bound to influence the mindsets of the consumers which in turn will have a domino effect on the manufacturing sector. In these times, the onus is on the organizations to be on top of the digital transformation trends by embracing the latest technologies. With various ERP systems being designed to meet the specific demands of the organization, especially across the niche markets, organizations must invest and implement in the latest one to remain hassle-free for the time to come. While there are many offerings for the consumers, here are three reasons why one must opt for Hexpertech ERP systems during this digital transformation.
Manage multiple functions with a single system
In the manufacturing sector, where numerous applications are spread across various systems, there is always a need for an able system that can be adept in handling functions that include the likes of discrete manufacturing management, inventory management, process manufacturing management, quality management, financials, sales management and human resources. With the right ERP system, organizations can integrate diverse functions into a single system, thereby easing out the operational cost while increasing the efficiency.
While latest technologies may be a tad bit difficult to get used to, they are bound to do their job of easing out the business flow. The same can be said about an ERP system that has a myriad of features working across different functional areas. Along with handling all the functions, the system can help an organization gain efficiency, speed and accuracy.
Integrate data analytics
As a manufacturing unit, organizations have heaps of data that can be used for various purposes. In addition to giving valuable insights, the data can be used periodically to test, try and tap into new customers. With an all integrated system, organizations can make sense of the valuable data that is available, while handling important business functions.