ERP solution

Enterprise resource planning (ERP) has gained popularity as it simplifies

the managing of business operations is gradually being implemented in
small to large enterprises worldwide. The ERP solution lets organizations
access a system of highly integrated applications and assists in specific
back-office activities. Large businesses have embraced the technology and
the trend is gradually catching up with medium and small businesses. For
small businesses, ERP software can boost sales, formulate manufacturing
production goals, and develop high-quality parts required by the customer.
Progressive Markets recently published a report on the ERP software
market that covers market share, size, and growth.

Clearly, businesses of all the sizes can reap the benefits of an ERP
software. It pushes small-scale businesses from paper-based systems and
Excel spreadsheets to modern ERP automation, including digital
scheduling and production-tool analysis. The latest software can be
implemented at smaller businesses with a simple smartphone interface to
access data and big-board electronic schedulers. Some solutions include
on-the-floor installations or cloud-based ERP systems that can significantly
eliminate the costs of maintaining expensive IT structure.

Not all ERP systems are developed in a similar manner, and small
businesses, under 100 employees, are best suited to shop-floor
management. A fully functional ERP system from vendors like SAP, Oracle,
and others may not be suitable for smaller shops or businesses. Rich
Henning, President, Henning Industrial Software (Hudson, OH), said that
based on the features and functionality, the true potential of the ERP
solution is found in larger systems. He further added, “Robust ERP and
shop-management software systems are fully integrated operational and
financial management systems that are designed help SME (small-to-
medium enterprise) manufacturers manage nearly all aspects of their
businesses.”

ERP solution for small-scale businesses can support every functional area
of a manufacturing unit. This includes the complete product lifecycle,
including CRM, customer/prospect management, engineering, sales, job
estimating, orders, scheduling, capacity and material-requirements
planning, purchasing, receiving, labor reporting, and quality management.
The aerospace industry is ripe for ERP software use as it has witnessed
significant growth over the last decade. Aerospace manufacturing includes
rapid expansion of the commercial aviation segment and the budget-
conscious defense sector. This has created lucrative opportunities for ERP
systems. In the commercial sector, the next-gen commercial airliners, such
as Boeing 737 and the desirable private jets have lifted aircraft production.

The cloud-based model makes it easier for the defense industry to

implement ERP as they can avoid the upfront software licensing costs. By
opting for a cloud solution, you can avoid the entire Capex gauntlet
common with choosing an ERP solution. Further, there’s now an inclination
towards Software as a Service, or SaaS-based ERP.

The adoption rate in the aerospace and defense industry is relatively slow
compared to other verticals but shows a gradual upward trend. Also, the
adoption rate is high in developed regions like North America and Europe
as manufacturers focus on implementing ERP systems for efficiency and
quality. The adoption of cloud applications in different industries is further
helping the growth of the ERP software market. The Asia-Pacific region
has the potential to be a huge market as numerous small and medium
enterprises are popping up.

Contact us:- +92 300 0607302