ERP system is an essential business intelligence software used by businesses to achieve productivity and improve their processes. In this blog we will discuss about what is ERP for fertilizer industry, the need for ERP systems, it’s benefits and features.
To know more about fertilizer industry and ERP, let’s get started…
What is ERP for fertilizer industry?
ERP solutions (Enterprise Resource Planning System) for fertilizer industry is a dedicated software that integrates and manages the various process of fertilizer manufacturing process, inventory management, supply chain management, quality control and financial management.
It enables fertilizers industry and manufacturing company to have better control and streamline their operations, optimize resource utilization, real time traceability, ensures regulatory compliance and make effective business decisions based on accurate forecasting and reporting.
Now let’s have a quick view of overall fertilizer industry and it’s challenges.
Overview of fertilizer industry:
For any agriculture land, fertilizers play a very crucial role in the growth and development of the crop. Fertilizer companies produce the fertilizer and distribute it to various wholesalers and retailers. Manufacturing companies for fertilizers have a wide range of activities (Inventory Management, Procurement, manufacturing, warehouse management) that form the crux of the whole manufacturing process.
Also, the fertilizer and chemical industry needs to take special care of their products and follow all the safety measures to avoid any harm. The composition of chemicals should be appropriate in these products.
Wherever there is manufacturing involved, there is a need for a single system for monitoring all the process, reason being that multiple smaller systems will tend to overlap the data and present a wrong picture for the management. A single system ERP software gives a unified data which will help in pointing towards the loophole of the system and close the leakages.
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Challenges faced by manufacturing companies:
Dealing in the manufacturing of chemicals, pesticides and fertilizers needs to be very safety oriented. Lot of measures are to be taken care of while dealing with these products. Let’s discuss few points below:
1. Managing the quality control standards.
2. Managing the cost of raw material, labor, energy and salaries amid changing market volatilities.
3. Keeping up with the environmental and compliance regulations.
4. Effectively processing supply chain, finding reliable suppliers and protecting the quality while distributing.
5. Increasing competition from substitute products.
To tackle the increasing challenges of the industry, ERP software is required which will help them in streamlining all processes into one and provide a robust and scalable solution to the company for a long term.
Benefits of ERP for Fertilizer Industry:
ERP system such as SAGE X3 & SAGE 300 helps you to keep track of your customer, vendors, their transaction details, the list of all the products, it also contains the specification of the product, it stores all the sales and purchase orders. You will get all the information of your company under one roof. Further main benefits are detailed below:
1. Improved Inventory Management:
Warehouse Management System provides barcode tagging, forward and backward traceability, expiry management system which leads to efficient management of the stocks and other materials.
2. Streamlined production planning and scheduling:
With AR automation feature of ERP software companies can forecast demand, create production schedules, allocate resources, and track progress.
3.Integrated Financial Management:
ERP solutions are highly effective for financial administration processes. Companies can easily access real time accounting reports with AP/AR accounting.
4. Real time Forecasting & Reporting:
Reporting is an important feature for any company as it gives the summary & detail wise data. You can also get into custom reports as per the company’s requirement.
5. Enhanced Supply Chain Management:
Supply chain management software module helps to maintain the quality standards of all the items and raw materials during distribution process.
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The benefits don’t stop here. ERP for fertilizer industry provides many more features and benefits like Lead Management System, enhanced customer service, dedicated quality control module and increased efficient decision making.
Conclusion:
Business management software provides best solution for automating business processes. Few ERP packages provide the interoperability as well as customizations features.
Sage Software Solution keeps you ahead of the race by keeping you updated about your sales and purchase, in-out of your money, by comparing this years and last years profit loss for a better growth picture.
