Textile industry is a flourishing sector, following which the industries are growing at a swift pace. Even the small scale textile industries need updated system to meet the rising demands of the clientele. Take an apparel company with various in-house brands as a rule these brands operate almost as independent businesses and are likely to each have their own distinct processes. For product development, implementing an innovative tech solution can help a company improve the operational scalability by standardising on one common product development calendar that is built within this system, which automates and optimises the process across all brands.
A prime example of innovation and cutting edge technology is Enterprise Resource Planning (ERP). The technology addresses the need of the textile sector to become well-managed, as ERP supports centralised data storage, which acquires information from and supply information for complete computing solutions at universal level. With the growth of the textile industry, it is difficult even for the small scale industries to manage various data at different servers. With the help of ERP, it is easier to maintain and manage all the data under one common platform. The ERP software solutions are vital for improved operational scalability that in turn benefits in making decisions on day to day operations.
The various segments of the textile industries like finance, supply, Customer Relationship Management, manufacturing units, human resource and daily operations can be easily managed via ERP. There are several ERP modules and software that the organisation can choose from.
The fundamental ERP software has various comprehensive and user friendly set of modules that cover all the functions of a textile manufacturing unit like purchase, manufacturing, inventory/stores, finance/accounting, human resource and payroll, etc. The benefits that the industry can procure from the ERP are improved operational scalability, better customer service and satisfaction, improved productivity, speed and performance, enhanced tracking and forecasting, improved efficiency, performance and productivity levels and the ability to effortlessly communicate information across various departments.
The textile industries can switch to ERP, if it takes more than a required set of time to settle the account books at the end of each month. The ERP technology discourages the suppositions and promotes authenticity, as it ensures that sales forecasts of the company are based on solid figure. It also gives a perfect outline about the inventory in the warehouse.
The ERP system also promotes use of single software by all the departments of the industry. So if, the accounting staff uses one system for receivables and payables, and sales department uses another to enter in customer orders, employees in the warehouse use a completely different solution to track shipping and receiving, and the process of taking those orders and getting them fulfilled and into the accounting a humungous manual process, ERP is the solution.
ERP ensures that the pace of business is faster than ever before, which implies that the employees across the company can get immediate access to key data. With an ERP solution, executives can get a holistic view of business operations at any time, while other staff can get the information they need to do their jobs more effectively. It is easy for the sales department to view a customer's full transaction history and improve the renewal rates while increasing up sell and cross-sell prospects.