{"id":1579,"date":"2021-05-10T13:27:12","date_gmt":"2021-05-10T05:27:12","guid":{"rendered":"https:\/\/jobman.com.au\/?p=1579"},"modified":"2022-10-03T17:18:36","modified_gmt":"2022-10-03T09:18:36","slug":"manufacturing-erp-roi","status":"publish","type":"post","link":"https:\/\/jobman.com\/us\/articles\/manufacturing-erp-roi\/","title":{"rendered":"4 Places a Manufacturing ERP Yields ROI"},"content":{"rendered":"<p>Return on investment, or <b>ROI<\/b>, is a crucial consideration when manufacturers invest in a new machine, employee, or process. <a href=\"https:\/\/jobman.com\/\">Enterprise Resource Planning (ERP)<\/a> is no different.<\/p>\n<p>An ERP system makes manufacturing operations more efficient. Every manufacturer asks 3 questions when they\u2019re considering <a href=\"https:\/\/jobman.com\/\">Jobman as their ERP system<\/a>:<\/p>\n<p style=\"margin-left: 39.15pt;text-indent: -18.0pt\"><!-- [if !supportLists]-->1.\u00a0\u00a0\u00a0\u00a0 <!--[endif]-->What returns can I expect for my investment?<\/p>\n<p style=\"margin-left: 39.15pt;text-indent: -18.0pt\"><!-- [if !supportLists]-->2.\u00a0\u00a0\u00a0\u00a0 <!--[endif]-->When will they come?<\/p>\n<p style=\"margin-left: 39.15pt;text-indent: -18.0pt\"><!-- [if !supportLists]-->3.\u00a0\u00a0\u00a0\u00a0 <!--[endif]-->What is the scale of that ROI?<\/p>\n<p>All great questions. So let\u2019s share what we\u2019ve learned about ROI to help you justify investing in a manufacturing ERP.<\/p>\n<h2>1. Inventory management<\/h2>\n<p>Inventory tracking eats up an enormous amount of resources, especially with a stock monitoring system disconnected from the rest of the operation.<\/p>\n<p>Integrating <a href=\"https:\/\/jobman.com\/features\/inventory-control\/\">inventory management into an ERP system<\/a> has several bottom-line benefits:<\/p>\n<ul>\n<li>Reduce over-ordering<\/li>\n<li>Better job planning<\/li>\n<li>Free up storage space<\/li>\n<li>Faster re-ordering of high-volume materials<\/li>\n<li>Eliminate human error in inventory tracking<\/li>\n<li>Remove inventory bottlenecks<\/li>\n<li>Monitor material levels at every stage of the line<\/li>\n<\/ul>\n<p>Some benefits are almost immediate \u2013 reducing labour hours and cleaning up stock spreadsheets, for example. Others, like streamlined re-ordering, add up to huge savings over the medium and long term.<\/p>\n<h2>2. Financial management<\/h2>\n<p>Manufacturing is complex. Even with a great financial accounting system, you\u2019re still faced with front-end challenges like settling finished jobs, paying suppliers, tracking employee hours, forecasting to make growth decisions.<\/p>\n<p>An ERP system links those data sources, providing an accurate overview and easy financial management.<\/p>\n<ul>\n<li>More accurate financial reporting<\/li>\n<li>Identify and eliminate financial waste<\/li>\n<li>Faster job closing times<\/li>\n<li>Confident forecasting<\/li>\n<li>Reduce human error and double handling in Accounts<\/li>\n<\/ul>\n<p>And because <a href=\"https:\/\/jobman.com\/features\/integrations\/accounting\/xero\/\">Jobman integrates with Xero<\/a>, you can automate many tedious tasks that delay payment. Depending on the complexity of your business, the benefits can be immediate \u2013 untangling the financial web, for example \u2013 as well as longer term with reduced labour and modernised accounting.<\/p>\n<h2>3. Supply Chain Optimisation<\/h2>\n<p>Supply chain disruptions can be devastating for manufacturers. Delays in receiving materials cause a ripple effect that can quickly lead to lost business, overtime hours and mismanaged inventory.<\/p>\n<p>ERP systems help you overcome these issues. The system provides data and automated insights so management can plan for disruptions and fluctuations across the supply chain.<\/p>\n<p>From supplier costs to employee hours, automatic re-ordering to job status tracking, Jobman is specifically designed to put <a href=\"https:\/\/jobman.com\/features\/inventory-control\/\">manufacturers in control of their business<\/a>. Better data and business intelligence give your management team a strategic advantage in a competitive market.<\/p>\n<h2>4. Sales Management<\/h2>\n<p>Furnishing your sales team with the information they need to manage accounts means better customer relationships. Better customer relationships grow your business.<\/p>\n<ul>\n<li>Generate pre-filled purchase orders with your company branding<\/li>\n<li>Custom fields to store information based on your areas of operation<\/li>\n<li>Define multiple contacts for each account<\/li>\n<li>Create email templates<\/li>\n<li>Xero integration for automatic invoice reminders<\/li>\n<li>Store correspondence to help salespeople close deals<\/li>\n<\/ul>\n<p>ROI is a no-brainer here. Every interaction improves right away once you take ownership of customer data. Close more sales, get paid faster and present a more professional face to clients.<\/p>\n<h2>ROI in Action: Jobman for Manufacturers<\/h2>\n<p>Jobman is an ERP designed for the Australian manufacturing industry. To see how other cabinet making, joinery, shopfitting and manufacturing businesses have streamlined their operations and improved efficiency across the business, <a href=\"https:\/\/jobman.com\/testimonials\/\">check out our testimonials<\/a>.<\/p>\n<p>Or you can <a href=\"https:\/\/jobman.com\/contact\/\">contact us for a consultation<\/a> and find out exactly where the Jobman manufacturing ERP system can provide many happy returns on your investment.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Return on investment, or ROI, is a crucial consideration when manufacturers invest in a new machine, employee, or process. Enterprise Resource Planning (ERP) is no different. An ERP system makes&#8230;<\/p>","protected":false},"author":1,"featured_media":1818,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":{"0":"post-1579","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-erp"},"_links":{"self":[{"href":"https:\/\/jobman.com\/us\/wp-json\/wp\/v2\/posts\/1579","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jobman.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jobman.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jobman.com\/us\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/jobman.com\/us\/wp-json\/wp\/v2\/comments?post=1579"}],"version-history":[{"count":0,"href":"https:\/\/jobman.com\/us\/wp-json\/wp\/v2\/posts\/1579\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/jobman.com\/us\/wp-json\/wp\/v2\/media\/1818"}],"wp:attachment":[{"href":"https:\/\/jobman.com\/us\/wp-json\/wp\/v2\/media?parent=1579"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jobman.com\/us\/wp-json\/wp\/v2\/categories?post=1579"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jobman.com\/us\/wp-json\/wp\/v2\/tags?post=1579"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}