With a market jammed-packed with different types of software, finding the right tool for your business is overwhelming.
This article will focus on ERP to help you find the best manufacturing software solutions. But why ERP? It provides a comprehensive solution that addresses the unique challenges of the manufacturing industry while incorporating almost all the features of other manufacturing tools.
With that all being said, now onto the important question:
Which manufacturing ERP software is the best for your business?
If you’re looking for software or want to switch, this article will help you start with the 7 best manufacturing ERP software on the market.
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Manufacturing software helps manage different aspects of the production process, including:
It also facilitates communication between different departments within a company to ensure that the manufacturing process runs smoothly and efficiently. Manufacturing software can be used to track inventory levels and raw materials needed for production and easily identify where additional supplies are needed. This allows businesses to plan ahead when it comes to fulfilling customer orders quickly and accurately.
Manufacturers can use this type of software for quality control purposes, helping them ensure that products meet safety standards before they’re shipped out.
Manufacturing software can be used to help analyze manufacturing data and make key decisions about the factory floor. This includes identifying areas of waste or inefficiency and making changes that will reduce overhead costs while improving overall efficiency. By streamlining their production processes with the right software, businesses can keep up with customer demand while ensuring top-notch quality control.
What are the manufacturing software benefits?
Manufacturing ERP software offers a variety of benefits to help your business achieve efficiency and accuracy. Here are the seven key advantages just to get you started:
1. Automated workflow — ERP systems use automation to move processed information from one part of the system to the next, eliminating manual data entry. Thus:
Increasing productivity for your team
2. Increased visibility — you’ll have better visibility into every step of the production process with an ERP system, including:
5. Enhanced compliance — with full traceability of production processes, manufacturers can ensure that they comply with:
Safety and environmental standards
Legal and ethical requirements
6. Increased accuracy — automation reduces errors while ensuring data accuracy across multiple systems. This leads to:
Greater customer satisfaction
Identifying and addressing inefficiencies
Fewer recalls due to inaccurate shipments or products not meeting quality standards
7. Cost savings — by improving automation throughout the production cycle, you can reduce labor costs and operational expenses while increasing throughput. This helps to:
Increase your profit margins
Improve the overall bottom line
Deliver the most value to your customers
Overall, ERP software is vital for any manufacturing business looking to maximize efficiency, accuracy, and profits. You can gain a competitive edge in today’s marketplace by leveraging this software’s many benefits.
Key features of ERP for manufacturing
Before we deep dive into some of the best manufacturing ERP systems on the market, it’s best to understand what you need from your system and what most systems come equipped with. The following list you can use as a guide as you test and trial the different ERP systems.
The best ERP for manufacturing typically includes the following key features:
1. Material and inventory management — allows companies to track and manage their raw materials, finished goods, and inventory levels in real time
2. Production scheduling and forecasting — helps companies plan and schedule their production processes and forecast future product demand
3. Quality control and traceability — enables companies to monitor and control the quality of their products and track the movement of materials and products throughout the manufacturing process
4. Financial management — provides companies with real-time financial information and analytics, including cost accounting, budgeting, and financial reporting
5. Supply chain management — allows companies to manage and optimize their supply chain, including tracking suppliers, managing purchase orders and deliveries, and monitoring logistics and transportation
6. Maintenance management — allows companies to schedule and track maintenance of production equipment and facilities to minimize downtime and maintain optimal production efficiency
7. Human resources management — allows companies to manage employee data, payroll, and benefits and track employee attendance, performance, and training
8. Reporting & Analytics — allows companies to access real-time data and analytics to monitor production, inventory, sales, and other key business metrics and generate reports that are important in helping manufacturers make informed decisions
Now you know what to keep your eyes open for when looking for software. The next step is to dive in and get testing. So, Without further ado, here are the top ERP systems for manufacturing your business can implement.
1. Katana cloud manufacturing software
Price: Starts at $99 per month
Free trial: 14 days
Katana is a purpose-built tool for inventory, production, and sales management.
Thousands of SME manufacturers use Katana for a real-time overview of their entire business and processes with features to help them:
If there isn’t already a solution for you, then Katana gives you the tools to create your own integrations. If you are a coding Wizkid, you can become an Integration Partner and help other manufacturers too.
Try Katana for free
Sign up for Katana’s 14-day free trial and start implementing manufacturing software solutions into your workflows.
The priciest best manufacturing software featured in this article (they used to advertise their starting price as $4,395), is Fishbowl Inventory since its manufacturing software supports businesses operating at multiple locations.
Fishbowl manufacturing ERP inventory is a hybrid solution helping manufacturers manage their warehouse and production operations. It has typical ERP inventory management features, but Fishbowl predicts inventory requirements based on historical data for setting reorder points, allowing the user to be flexible with their inventory management. Unlike manufacturing ERP software, it can either be installed at an operation location or accessed via the cloud.
Fishbowl is worth checking out if you’re looking for:
The next manufacturing software solution is Unleashed — a cloud-based app that supports manufacturers who make, manage, and transport products.
Unleashed ERP gives users powerful inventory management features to get an overview of their suppliers, production, warehouses, and sales. All this helps them easily and accurately track stock movements in real time. Unleashed manufacturing software allows manufacturers to gather data by creating graphs and reports to understand their inventory movements better.
Unleashed is good manufacturing management software if you’re looking for inventory management with:
Integrations with other tools
Price: Starts at $11.90 per month
Free trial: Yes, for Standard and Custom plans
The next one in our best ERP software for manufacturing round-up went through a big change in 2022 with how it prices itself.
Odoo is a suite of open source business apps that starts off free but offers different packages depending on your needs. An open-source ERP allows you to build your own integrations and features upon their core ERP offerings. This means Odoo ERP can be set up on a desktop at a location or accessible via the cloud.
The open-source ERP manufacturing software is impressive, but if you go for the paid versions, you can get features such as:
Customer relationship management
Manufacturing management tools
Product lifecycle management
Price: Starts at $135 per month
Free trial: 15 days
Another web-based one in this best ERP system for manufacturing — Megaventory.
Megaventory is an order and inventory management solution for medium-sized manufacturers.
Megaventory manufacturing ERP software helps users manage different inventory types at multiple locations to get a complete overview of stock levels in real time, allowing them to check supplier availability and easily manage returns. The manufacturing ERP software allows business owners to define users’ permission to keep information confidential and avoid other employees making mistakes. Megaventory manufacturing ERP comes with order fulfillment features to help users easily manage sales orders and purchase orders.
Manufacturing ERP like Megaventory is great for business owners looking for:
Handling multiple currencies
Integrations with other tools
6. Netsuite ERP
Price: Varies but is expensive
Free trial: No
Oracle NetSuite ERP is a well-known cloud-based software that helps manufacturers control their key back-office operations and finances.
The biggest selling point of NetSuite manufacturing ERP is its powerful financial management capabilities — including revenue management, billing solutions, and inventory costs. This manufacturing ERP software has built-in business intelligence giving users real-time reporting and analytics to give them the tools for faster and better decision-making. However, like the other software, it too comes with essential ERP features like inventory management, e-commerce hosting, and customer relationship maintenance.
You should check out Netsuite manufacturing ERP software if you’re a manufacturer looking for:
Manufacturing software like ERPAG gives users access to barcode scanning, which supports EAN, EAN-13, and UPC to help you manage and track stock. The features also help support different manufacturing processes, including simple production by managing work orders and bill of materials or complex production with time and materials tracking. ERPAG manufacturing ERP offers different pricing packages to customize their software to be compatible with their manufacturing.
You should check out ERPAG if you’re on the hunt for:
Integrated invoicing and purchasing module
Katana cloud manufacturing software
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The best software for manufacturing depends on the specific needs and requirements of the manufacturing company.
ERP is the best all-around software for manufacturers, but that doesn’t necessarily mean it’s the best for your business. As mentioned at the beginning of the article, there are a ton more software options for manufacturers who need something other than an ERP solution.
Some popular options include:
Computer-Aided Design (CAD) software — this software is used to design and create 3D models of products, allowing for virtual prototyping and testing
Computer-Aided Manufacturing (CAM) software — this software is used to translate the designs created in CAD software into instructions for CNC machines and other manufacturing equipment
Manufacturing Execution Systems (MES) —MES software is used to track and control manufacturing processes, typically in real time
Product lifecycle management (PLM) software — this software is used to manage a product’s entire lifecycle, from design and development to retirement, including managing and tracking changes to the product design and its associated data.
It’s important to note that many software providers offer integrated solutions that combine multiple of the above functionalities. It’s also important to thoroughly evaluate the different options and determine which best fits the manufacturing company’s specific needs.
But, back to the topic at hand.
ERP software is great for manufacturing because it integrates and automates various business processes, such as supply chain management, financials, and human resources.
This can help manufacturers streamline their operations, improve efficiency, and better use data to inform decision-making. An ERP system can provide real-time visibility into the entire manufacturing process, from raw materials to finished goods, enabling manufacturers to identify and address any issues that may arise quickly. Overall, an ERP system can help manufacturers to increase productivity, reduce costs, and improve customer satisfaction.
Best of all, as you have already seen from the list, many offer free trials so you can find the best ERP for manufacturing without having to drop a single penny.
Try Katana cloud manufacturing software, designed to help manufacturers manage their operations and automate processes. It can be used to handle tasks such as inventory management, production scheduling, and financial reporting. Katana helps manufacturers streamline manufacturing processes and help businesses become more efficient and profitable.
Try it for free. Sign up for Katana’s 14-day free trial and experience firsthand how manufacturing software solutions can take your business to the next level.
Best ERP for manufacturing FAQs
What is ERP used for in manufacturing?
ERP (Enterprise Resource Planning) is a type of software used in manufacturing to manage and automate various business processes, such as production planning, inventory management, financials, and supply chain management. It can help manufacturers to improve efficiency, reduce costs, and make better business decisions. It also allows for real-time data tracking and analysis, which can be used to monitor the performance of the manufacturing process and identify areas for improvement.
What are the 3 common types of ERP?
The three common types of ERP (Enterprise Resource Planning) systems are:
Manufacturing ERP — which is designed for manufacturers and includes modules for production planning, inventory management, and quality control
Financial ERP — which focuses on financial management and includes modules for accounting, budgeting, and financial reporting
Supply Chain ERP — is there to help optimize and manage the flow of goods and services and includes modules for procurement, logistics, and warehouse management
What is CRM vs ERP?
ERP and CRM (Customer Relationship Management) are separate business management systems used to handle various areas of an organization. CRM is used to manage and analyze customer interactions and data throughout the customer lifecycle to improve customer relationships and drive sales growth. On the other hand, ERP is used to manage and automate a company’s internal processes, including accounting, human resources, procurement, and supply chain management. While both CRM and ERP are important tools for businesses, they serve different purposes and are typically used by different teams within a company.
What are manufacturing software solutions important?
Manufacturing software solutions are important for a variety of reasons. They can help increase efficiency and productivity by automating repetitive tasks, reducing errors, and streamlining workflows. They can also help with inventory management, supply chain coordination, and quality control. Many industrial software solutions can connect with other systems, such as ERP and CRM systems, to provide a more thorough perspective of the production process and improve decision-making. Overall, using manufacturing software solutions can lead to cost savings, improved quality, and increased competitiveness for a manufacturing business.