Managing Customised Sales Orders:
A steel and wire rope manufacturing ERP starts with receiving sales orders from customers. Sales orders from customers typically have varying specifications depending on the projects they are involved in. An integrated sales configurator in the ERP helps capture these specifications from the customers and automatically configures the bill of materials and production operations based on the technical specifications.
Planning & Managing Combination of Make to Stock & Make to Order Production
While the orders can vary in specifications, cable and wire rope manufacturing typically involves standard semi-finished goods that need further processing to produce customised products for the customer. A wire rope manufacturing ERP can plan and manage the supply chain and production operations of make-to-stock Semi-finished goods and customised orders of wire ropes and cables.
Supplier Relationship Management to Manage Large Suppliers
Wire and cable manufacturing companies often find themselves dealing with large suppliers of raw materials. With an ERP, a cable & wire rope enterprise can manage supplier contracts and track supplier performance to manage supplier relationships more efficiently.
Manufacturing Execution System to Manage Production Operations
With the right ERP, cable and wire rope manufacturers can integrate machines data with ERP's production process to update production run-times and outputs. This improves the accuracy of recording production operations. Further, the Manufacturing Execution System (MES) which generates a timesheet for resources, can help record production activities and get visibility of production progress. A good ERP also accurately calculates and provides visibility into the cost of production in real-time by capturing all the inputs such as raw materials costs, labour costs, machine usage costs etc.
Managing Invoicing based on Shipped Quantity
Due to the nature of cable and wire rope manufacturing, the produced and shipped quantities can vary slightly compared to ordered quantities. An ERP specifically built for cable and wire rope manufacturers has the capability to capture the dispatched quantity based on weighbridge integration and invoice customers based on the dispatched quantities. This ensures faster collection of account receivables and better customer relations.
Integrated Financial Management
A cable and wire rope manufacturing ERP also manages the finance operations of the business, such as general ledger operations, accounts receivables & payables, banking operations and fixed assets management. Apart from this, it also manages multi-company & multi-currency operations of the business. The financial management module of the ERP also integrates and automates the accounting of sales, supply chain and production operations of the business. Plus, it generates automated statutory compliance reports and the necessary analytics for the business.
