Need of ERP for Engineering Industry
The Engineering industry produces machines for use of industries, companies and consumers. Engineering manufacturers are engaged in production of automobile parts, pumps, compressors, valves, engines & turbines, industrial furnaces and burners, industrial refrigeration and air-conditioning, machinery equipment and machine tools, machines and equipment’s for extraction, construction and general purpose machinery and more.
Some of the unique challenges faced by Engineering Industry are quick creation of quotes and estimates. Converting quotes into order. Defining and Managing Product Specifications. Maintaining product quality standards. Manufacturers have to control costs, make optimum utilization of resources and implement effective production processes to stay competitive and ensure profitability.
Spectrum ERP Software for Engineering Industry
Spectrum ERP for Engineering Industry provides Material Management, Planning & Production, Finance & Accounting, Sales & Distribution, Customer Relationship Management (CRM), Payroll and Plant Maintenance module. Our Spectrum ERP provides business intelligence solution and mobility features to help stay connected and informed. Spectrum ERP can also be seamlessly integrated with Tally Software.
Key Modules of Spectrum ERP for Engineering Companies
Spectrum ERP Software is an ERP Software for Engineering Companies with modules designed keeping in mind specific and unique requirements of Engineering Industry. Spectrum ERP helps Engineering manufacturers to automate and integrate their business processes. Spectrum ERP helps integrate processes, provide centralize access to data, manage manufacturing costs, ensure product quality and monitor supply chain closely to ensure profitability.
Streamline Enquiry, Estimations & Quotations
Spectrum ERP for Engineering Firms is capable of handling all pre-sales activities related to Enquiry, Estimations & Quotations. It records all enquiries, helps generate estimations, prepare quotations, revise quotations. This significantly saves time to prepare quotations and estimates. It also maintains information about quotations lost to competitors and records reasons for future analysis.
Better Planning & Scheduling
Spectrum ERP is capable of handling all activities related to Order management and optimizing the order management process. It enables tracking orders, manufacturing, supply and delivery activities in a single order management system.
It also helps to create order categories, manage delivery schedules, record shipment details & requirements, ensure correct documentation, records payments terms & conditions in a single place.
Multi-Level Bill of Material (BOM)
Spectrum ERP system has a very comprehensive Bill of Material module. Our BOM can be used for both Make to Order as well as Make to Stock production. We offer a variety of BOM features such as Estimation BOM, Manufacturing BOM, Multi-Level BOM, Structural BOM.
Keeping in mind the requirements of Engineering Industry, we specially provide Multi-level BOM. It provides nested lists in two or more levels to illustrate multiple assemblies within a product’s BOM. It depicts hierarchy of structure of assemblies, parts and components. It provides BOM revisions feature which makes the updated and correct BOM version available to all concerned.
Engineering Change Management
Sometimes, change management is required to accommodate a change in design or a change in BOM in an ongoing manufacturing order. Spectrum Engineering ERP is capable of identifying areas of impact of change management and providing features for handling change management process. We tightly integrate BOM revisions with procurement and manufacturing process. It makes provisions for rejecting items or reworking items which are changed. It releases Job cards and Work orders for manufacturing activities to track & monitor changes.
Third Party Nesting Solutions Integration
Engineering industries use Nesting software or cutting plans to fit multiple patterns in a single sheet to ensure minimum wastage. Spectrum ERP can be integrated with 3rd party cutting plan/nesting software. This 3rd party integration can be done at the material planning level or at the job card level.
Material Requirement Planning
Spectrum ERP provides a Robust MRP solution. It generates material requirement based on Bill of Material and Production Plan. It also enables material planning for consumables & spare parts. This helps in determining the complete demand planning including all critical factors such as lead time, source of supply etc.
Integrated Procurement, Inventory Solution
Spectrum ERP procurement module, inventory module, and warehouse module are tightly integrated with the Production module. This helps to procure the right material, in the right quantity at the right time. This helps managing demand planning, supply of material and inventory controls to ensure overall lean inventory.
Work Order & Job Cards
Spectrum ERP provides Work Orders and Job Cards for Production activities. It helps define raw material, resources required, processes and timelines to execute Job Cards. Spectrum ERP can generate varieties of Jobs cards such as Job Cards for Primary Jobs, Rework Jobs, Rejection Jobs, Change in BOM Jobs, Shortages etc. These Job Cards can be assigned to in-house employees or third party contractors. Job Cards are also useful to control material consumption and process contractor bills.
Costing & Cost Control
Spectrum ERP helps to keep a tab on the correct and detailed cost of production. It tracks cost on various elements e.g. material, labour, subcontracting, electricity etc. It compares costs with estimates. Spectrum ERP helps monitor and control material consumption against material planned. Also estimates and tracks other production activities. It helps prepare report to keep a tab on WIP (Work In Progress) to push the production.
Production Reporting & Inspection
Production Reporting is used to track actual Production at shop floor. It provides a choice of maintaining; either a summary or detailed record; of production and inspection activities. It helps identify current status of production process, bottlenecks in production and highlights problem areas.
Spectrum ERP also provides detailed features and functionalities related to Inspection, Rework & Rejection. It lets you define inspection activities and provides special screens for inspection call and inspection entry. Spectrum ERP provides Job Cards to carry out Rework Jobs and Rejection Jobs.
Ensure Quality across production process
Spectrum ERP has all the necessary features to ensure quality in production and purchase process. It helps to maintain information related to grade of material, specific make, technical specification required for brought out items. It also helps record Heat No, Plate No etc. for raw materials (plates).
Centralized MIS & Notification Alerts
Spectrum ERP provides a centralized single source of information with real time data access. This avoids data ambiguity, provides accurate visibility about current status and improves collaboration between various teams such as Sales, Purchase, Production, Quality etc. It provides timely alerts, pop-ups and reports to ensure right information to right people to take timely actions.
Business Insights & Reports
Spectrum ERP comes with a suite of standard reports created for the Engineering Industry to gain insight of business and operations. Our reports and dashboards provide details of Project Progress Reviews, Costing v/s Estimation, Procurement Position, Inventory situation etc. In addition, we also provide customized reports if required. This helps to make informed decisions and take corrective actions and improve performance, efficiency
Spectrum ERP can be seamlessly integrated with Tally ERP. This provides the power of Spectrum ERP along with the flexibility of Tally. Easily export all financial data into Tally. Integrate your purchase invoice, sales invoice, freight & services invoices into Tally. You can choose to integrate only select operation data or go for maximum integration.
Client Success Stories – ERP system for engineering company
Spectrum ERP for Engineering Industry has been successfully implemented at Haane-iSAM and IndoChain.