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Best Manufacturing Software in 2020

Finding the best Manufacturing Software for your business is now faster and easier! Compare prices, reviews, features, and get free consultation to find the perfect software.

Manufacturing software Guide

Table of Contents

What is Manufacturing Software?

Manufacturing ERP software is a system of integrated applications that handle all critical functions for manufacturing organizations. It manages all processes for manufacturing companies in a flexible and agile manner. Right from sourcing the raw materials to inventory management, quality control, and capital budgeting, manufacturing management software is indeed a holistic solution.

Specialized software for manufacturing companies can help them become more responsive and gain a definite competitive advantage. It is a wise decision for firms to invest in manufacturing process software as it can increase efficiency and business revenues at a fast pace.

Top manufacturing Software Vendors By Company Size

A dedicated manufacturing software will ensure that you can track and control the steps involved in the manufacturing process to give you better clarity to run your business smoothly. The software will centralize the workflow like, material requirement, production planning, project management along with tracking the cost for each step. The right software will help you to plan and run your operations efficiently by streamlining processes and giving you an advantage over others.

Here we will have an understanding of the leading manufacturing software providers and how they can be of great help to businesses.

Enterprise-Grade Manufacturing Software

An enterprise-grade manufacturing software will include all the departments’ functions and procedures in one software. It is suitable for large scale manufacturing as it will include the end-to-end details to manage your entire manufacturing process. It will take your time and patience to select the right software for your business, but the seamless integration and easiness of using it will be worth your effort.  

Some of the leading manufacturing software providers are Infor M3, IFS

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Infor M3
IFS
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Pricing (Basic Plans) $150/m/u
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User Limit(Basic Plans) 10-1000+ 10-1000+
MRP
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ERP
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MES
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Accounting Integration
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Maintenance Management
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Purchase Order Management
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Quality Management
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Shipping Management
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Mobile Apps
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Medium Grade Manufacturing Software

For medium-sized businesses, choosing better software to help them move forward can be a daunting task. They are already using software but want to move to the next level. This can be solved by doing extensive research and comparing the benefits of various software before going for one and getting it integrated. This will ensure that they get to streamline their process to the next level and move ahead.

You can compare the leading medium grade manufacturing software providers here. Some of them are Oracle NetSuite, Focus MRP,  Odoo

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Oracle Netsuite
Focus MRP
Odoo
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15 days 15 days
Pricing (Basic Plans) $99/u/m
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$16.00/u/m
User Limit(Basic Plans) 2-1000+ 2-1000+
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MRP
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ERP
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MES
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Account Integration
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Maintenance Management
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Purchase Order Management
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Quality Management
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Shipping Management
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Mobile Apps
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Small Grade Manufacturing Software

In order to run a manufacturing business smoothly, it is important to keep records of the basics. Even a small grade manufacturing unit requires software that will help it to track the day to day inventory, sales, operations, etc. They should ensure that a simple and easy to operate software provides them the help they need to grow their business.

Some of the leading providers of small grade manufacturing software are Infor CloudSuite Industrial (SyteLine), Fishbowl, IQMS

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Infor CloudSuite
FishBowl
IQMS
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14 days
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Pricing (Basic Plans) $150/m/u $4395/one-time
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User Limit(Basic Plans) 10 - 999
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MRP
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ERP
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MES
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Account Integration
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Maintenance Management
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Purchase Order Management
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Quality Management
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Shipping Management
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Mobile Apps
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What are the Key Benefits Of Manufacturing Software?

Organizations all over the globe have recognized the various benefits of the cloud manufacturing process software. It is a must-have tool for manufacturing firms. Here are some useful advantages that organizations can accrue by getting manufacturing software.

manufacturing software key benefits

1. Streamlined Inventory Management

Manufacturing ERP software can regulate the entire inventory system efficiently. It can manage the flow of raw materials, monitor production lines, and track the transfer of the final product. Manufacturing management software also ensures that there is never any shortage of any material or component. It automatically gives alerts once a product has reached the minimum inventory level so that it can be replenished. This results in no production delays and boosts productivity.

2. Saves Time and Money

The manufacturing industry is highly competitive. Manufacturing process software helps organizations escalate operational efficiency by automating all manual tasks. It propels the flow of communication between suppliers, distributors, vendors, and other stakeholders. Manufacturing accounting software facilitates data-sharing between teams and makes the supply chain flow agile and responsive. It is an intelligent platform that can reduce manual errors and save tons of precious time of managers from concentrating on more strategic decisions.

3. Integration With Other Systems

It is significant for software for manufacturing companies to be compatible with other systems. Most manufacturing software can be easily integrated with other ERP platforms, accounting software, or customer relationship management systems. This leads to the smooth transfer of vast volumes of data and ensures that all company information is stored at a central unified repository.

4. Reduces Manufacturing Expenses

Manufacturing management software can help organizations increase profitability by reducing expenses to a large extent. By enhancing worker productivity, manufacturing process software eliminates the need for a significant workforce. This reduces labor costs and overtime salary expenses. Higher accuracy rates lower production wastages, and enhanced visibility leads to long term savings.

The Major Features Of Manufacturing Software

Manufacturing accounting software has several distinct features. They handle all the complex processes for manufacturing companies to flourish in the business arena. Here are some of the vital elements to look out for in manufacturing ERP software.

manufacturing software major features

1. Inventory Tracking

One of the most useful features of the software for manufacturing companies is the ability to monitor inventory at all times. Manufacturing software keeps track of raw materials, in-process goods, and finished items to ensure that there is an uninterrupted flow of production. It alerts managers to re-order elements at the appropriate time and also keeps track of delivery dates. Robust manufacturing process software automates all essential inventory functions for better task flow management.

2. Efficient Quality Control

Quality is of supreme importance in manufacturing firms. Manufacturing management software handles all critical quality functions to reduce the level of defects in final products. This allows managers to keep the quality levels in check during every stage of the manufacturing process. The manufacturing process software facilitates automated random quality control tests to maintain desired high-quality levels.

3. Process Automation

Manufacturing accounting software results in complete process automation. The system can handle all simple mundane and administrative tasks, and it reduces dependency on manual labor. There is full integration between critical manufacturing functions such as purchase records, sales, supply chain, quality control, and bills of material management. The flow of real-time information and 360-degree process visibility make software for manufacturing companies a must-have asset.

4. Project Life Cycle Management

Every manufacturing firm needs to manage new projects at different stages – right from conception, to production and the distribution of the finished product. Manufacturing ERP software can help organizations monitor all these stages and ensure that projects move according to a particular timeline. Manufacturing management software leads to less wastage, higher quality optimization, better resource management, and time tracking. This makes sure all manufacturing projects are completed in time and elevates client satisfaction levels.

5. Shop Floor Management / Shop Floor Control

Manufacturing software offers shop floor management tools to help you manage your shop floor seamlessly. This feature enables you to manage the scheduling of resources as well as the workforce. It also allows you to sequence the procedures taking place on each shop floor besides allowing you to identify discrepancies and inconsistencies in shop floor communication. Shop floor management tools help manufacturing businesses enhance the positivity of their staff members by reducing the occurrences of errors in work. It also enables you to understand as and when you deviate from the standard procedures.

6. Quality Management

An efficient manufacturing software also comes with robust quality management features to make sure your products cater to your customers’ requirements. Besides helping you satisfy the needs of your customers, quality management tools in manufacturing software enable you to track your business activities, trace lot and serial numbers, inventory, customer return merchandise authorization, supplier return merchandise authorization, audit trails, document linking, document tracking, and much more.

7. Lean Manufacturing

It is a new concept that emphasizes reducing wastage of resources within your manufacturing departments. At the same time, it aims at helping you maximize your productivity. Since a lot of manufacturing companies across the globe are nowadays embracing lean manufacturing business models, the most advanced manufacturing software provides you with useful tools so that you can achieve the objectives of lean manufacturing. Lean manufacturing capabilities streamline resource deployment so that you can reduce waste besides strengthening customer loyalty. It also automates your sales and service processes, along with product research and development procedures. Last but not least, it automates the process of business analytics reporting so that you can do away with the manual steps required for financial or regulatory reporting.

8. Sales Process Management

The best manufacturing software systems come with sales process management tools to prevent you from getting entangled in the complex sales processes. Sales process management tools help your sales team hit the sales target. It also helps you track deals in real-time and identify qualified prospects and leads that need your immediate attention. With your manufacturing software’s sales process management capabilities, you can manage your customer data from a centralized location. It also helps you set up target customers, track emails, track the performance of your social media pages, and much more.

9. Operations and Process Management

A high-performance manufacturing software consists of tools for automating your business operations and processes. Operation management tools help you plan, organize, manage, and control all the processes within your manufacturing facility. Since finance is an essential element of operations management, the operations and process management feature ensure you utilize your funds in the best possible manner. It also provides you with actionable insights to help you with advanced planning and scheduling.

10. Loyalty management

A lot of manufacturing companies nowadays strive to understand the needs of their customers before developing any product. Thus, the forward-thinking manufacturing companies are now shifting from product-driven strategies to customer-driven strategies. This trend is driving manufacturing companies to embrace manufacturing software that offers customized loyalty marketing solutions. Only by implementing a well-planned loyalty program can you comprehend the requirements of your end customers and tailor your marketing strategies accordingly. A consumer loyalty program allows manufacturing companies to boost sales and generate more revenue. It also helps manufacturers communicate effectively with their customers to make the latter feel more valued. Consequently, improved customer interactions help companies create more loyal customers.

What are the Things to Consider Before Buying Manufacturing Software?

Investing in software for manufacturing companies is not a simple decision. There are many aspects that managers need to consider before getting the best manufacturing process software.

buyers guide manufacturing software

1. Scalability

It is vital to invest in manufacturing management software that can grow according to the requirements of a business. Most credible vendors offer scalable manufacturing accounting software. This enables small businesses to purchase additional modules for catering to diversification and growth.

2. Cost-Efficiency

The budget needs to be a significant consideration before buying manufacturing ERP software. It may seem to be a significant initial investment; however, companies need to be sure that they will get a quick return on investment. Manufacturing process software leads to high-scale mechanization, ultimately saving time and money for better productivity.

3. User-Friendliness

Software for manufacturing companies should have a simple and navigable interface. It should be user-friendly so that all workers can quickly adapt to the system. Most manufacturing management software is very user-friendly. Hence it does not require any technical know-how or specialized knowledge for operation.

4. Integration

Manufacturing accounting software should be compatible with other existing systems in organizations. This will ensure the seamless transfer of data and boost flexibility levels. All ERP, financial, human resource, and supply chain management software suites should be able to integrate with manufacturing software platforms for holistic functioning.

Software Related to Manufacturing

manufacturing related software

1. Material Requirement Planning Software

Manufacturing Requirement Planning Software offers shop floor management tools to help you manage your shop floor seamlessly. This feature enables you to control the scheduling of resources as well as the workforce. It also allows you to sequence the procedures taking place on each shop floor besides allowing you to identify discrepancies and inconsistencies in shop floor communication. Shop floor management tools help manufacturing businesses enhance the positivity of their staff members by reducing the occurrences of errors in work. It also enables you to understand as and when you deviate from the standard procedures.

2. Manufacturing Accounting Software

Manufacturing Accounting Software has been designed to help small, as well as large manufacturing businesses, automate their process of accounting and bookkeeping. It also enables you to save a great deal of time, thus, allowing you to focus on the more essential aspects of your business.

3. Manufacturing Inventory Management Software

Manufacturing Inventory Software is emerging as an essential tool for manufacturers. The software helps you create bills related to manufacturing orders, work orders, and much more, thus, helping you work more productively.

4.Manufacturing ERP Software

Manufacturing ERP Software is a software system that comes with a host of useful features to help you streamline manufacturing processes and erp solution for complex manufacturing challenges so that you can compete with global manufacturing players. The software is programmed to help you forecast sales, manage materials planning, and take care of other essential aspects of your business. It simplifies your tech environment to make your manufacturing processes efficient and more transparent. Manufacturing ERP software is highly preferred by manufacturing companies as it helps them scale quickly for meeting growth demands. Besides enhancing your efficiency, the software helps you boost manufacturing productivity and enhance customer satisfaction. What’s more, it also enables you to get rid of avoidable downtime. Some of the most impressive features offered by Manufacturing ERP software are as follows:

  1. Material Tracking
  2. Specific Manufacturing
  3. Integrated Data Modules
  4. Responsiveness
  5. Compliance Management
  6. Inventory Management
  7. Complex Pricing Management
  8. Managing Complex Pricing
  9. Preparing accurate bills of management
  10. Work-in-progress Management
  11. Bottlenecks Management
  12. Managing Returns Management
  13. Mobility, and much more

These features go a long way towards helping you:

  1. Maximize the utilization of resources
  2. Minimize the chances of errors
  3. Reduce the chances of data redundancy
  4. Mitigate the possibilities of data duplication
  5. Make strategic decisions
  6. Reduce administrative expenses
  7. And enhance overall profitability

Manufacturing ERP software benefits each department of your manufacturing company. From materials planning management to making sales predictions, it assists you in every possible way to help your manufacturing business reach new levels of success. The best thing about manufacturing ERP software is that it amalgamates different processes related to manufacturing on a centralized platform, thus, providing you with a comprehensive view of all operations.

Considering the advantages of using manufacturing ERP software, a lot of manufacturing businesses across the world are investing in this software for competing globally. Thus, if you want to stay competitive in this dynamically changing business scenario, you should consider investing in a high-performing manufacturing ERP software right away. Nevertheless, make sure you invest in a high-quality ERP software as purchasing an ERP system of substandard quality may prove catastrophic to your business. A wrong ERP software for your manufacturing business can also compromise security besides destroying the morale of your workforce. Thus, it is advisable to do a bit of online research on the best manufacturing ERP software before you make the final purchase decision.

5. Manufacturing Execution System

Manufacturing Execution System (MES) is a software solution designed for sophisticated manufacturing systems. An MES aims at ensuring seamless and systematic execution of manufacturing operations. It is used for tracking and synchronizing manufacturing processes across manufacturing plants distributed globally. The software is capable of linking all the plants in real-time to ensure optimum efficiency. MES also offers real-time data quality checks, thus, leaving no room for human error. What’s more, it also facilitates paperless manufacturing to reduce paperwork, along with paperwork mistakes. Last but not least, it also provides you with real-time feedback for identifying and resolving issues on time.

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Shrushti ChawaraBy Shrushti Chawara | Last Updated: October 24, 2020

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