Plastic Manufacturing ERP vs. Generic ERP: Which One is Right for You?

 In today's hyper-competitive market, plastic manufacturers are knee-deep in unseen challenges that often do not get noticed at the initial stage of production. The consequences of not spotting the error during plastic production often lead to understocking, overproduction, resource waste, and procurement delays.

These are some of the biggest revenue- and time-sucking vampires, which, if not addressed with corrective measures, can severely impact the entire chain of production. To avoid such instances, many big and small plastic manufacturers and plastic manufacturing organizations have started implementing advanced technology-driven approaches to establish productivity and accuracy in the workforce.



According to the latest research, more than 70% of plastic manufacturing companies have switched from traditional or generic ERP to modern AI-driven ERP solutions that helped them improve overall productivity, reduce waste, and lead to better production planning.

Another report says that the implementation ofspecialized ERP can lead to a 25% reduction in production errors and a 30% increase in overall productivity.


What Are Generic ERP Solutions?

At its core, a generic ERP solution is a standard version of a business resource planning system that offers limited business supporting modules, such as human resources, accounting, HR & payroll, and customer relationship management ( CRM ). While these systems are proven cheap and effective tools in offering a strong foundation for complex business operations, they lack primary industry-specific features that manufacturers particularly need for streamlined operations.

 

Pros of having generic ERP

●      Budget-friendly option for small businesses having multiple workflows

●      Suitable for SMEs having basic needs

●      Covers primary business operations like- HR, inventory, and finance.

 

Cons of generic ERP

 

●      Needs heavy customization to meet market or industry-specific requirements

●      Have limited specialized modules for plastic production operations

●      May not offer real-time monitoring functionality

 

What Is A Plastic Manufacturing ERP?

A plastic manufacturing ERP is a well-designed ERP system that comes with various AI-powered capabilities. It supports cloud-based deployments which provide easy customizations and remote access to the system, allowing users to monitor the production at any time and from anywhere.  A plastic manufacturing ERP comes with various advanced modules that help a business automate primary production operations, like- Supply chains, inventories, vendor and supplier management, HRMS & payroll, and more!

 

Key Benefits Of Plastic Manufacturing ERP

The benefits of implementing plastic manufacturing ERP are far-reaching, here we've listed some of the major perks of having one, including-

 

Access to advanced industry-specific features

A plastic manufacturing ERP system comes with advanced modules specially designed to streamline complex operations like- injection, blow molding, molding, and material traceability.

Improved waste management & scrap reduction features

With a plastic manufacturing ERP system, you can track raw material utilization that will reduce resource wastage, save costs, and leave no environmental impact.

Real-Time Monitoring & Data Insights

The system enables real-time traceability of production programs as well as machine status and stock statuses which leads to enhanced choices for managers.

Formula & Recipe Management

The system enables the exact design of formulas for materials which enhances both quality stability and error prevention.

Regulatory Compliance & Quality Control

The system assists companies in maintaining compliance with regulatory standards from organizations such as ISO, FDA, and environmental requirements thus reducing business risks.

Better Inventory & Supply Chain Control

The software enables complete monitoring of raw materials and enhances maximum inventory effectiveness to simplify supply chain activities for efficient operations.

Seamless Integration with Business Operations

The system enables organizational operations for accounting and procurement functions along with logistics management to present a business-wide process overview that boosts teamwork.


Which One is Right for Your Business?

Navigating the ERP solutions, whether generic or plastic manufacturing ERP, depends on various factors, including business complexity, business size, long-term goals, and operational demands. Here we've listed key considerations that will help you decide:

Business complexity

If your work operations involve complex manufacturing, compliance & quality standards, and material traceability, then plastic manufacturing ERP can be a key strategic decision for your business.

Production volume

If you're a small business enterprise or a medium-sized plastic manufacturer, then having a generic ERP will be enough for you to streamline primary work operations, such as inventory and supply chain or HRMS & payroll.

But if you're a large-scale plastic manufacturer that involves various production operations that require real-time monitoring, then having a plastic manufacturing ERP is a better choice.

Customization requirements

Every business needs a customizable system, as a growing business needs a system that adapts to ever-evolving market trends and customers' demands. Having a generic ERP can be more expensive because it requires extensive customization to address plastic manufacturing operations.

However, having a plastic manufacturing ERP system is a cheap and effective solution. It supports cloud-based deployment and is scalable.

Future Growth

Planning to expand operations? Plastic Manufacturing ERP solutions scale better with evolving production needs, supply chain expansion, and market demand.

 

Conclusion

It's recommended that you have inside-out knowledge about your business's needs and future goals so you can choose the right ERP solution without making any irrelevant investment. However having a generic ERP system will only provide you with limited features, making you chase other business support systems.

How about if one software can get all the job done from one single interface? Having the Best ERP Software management company in India will give you hundreds of modules so you don't have to invest in other software to get the job done.

 

 

 

 

 

 

 

 

 

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