How ERP Software for Inventory Management Helps Garment Industry

Are you from the Garment manufacturing industry? Are you trying to streamline the manufacturing process? We have the solution for you. 

As the best ERP for garment industry and ERP for manufacturing industry, we have listed out the different challenges of inventory management in the garment industry and how ERP software helps to solve them. Keep reading this blog to learn more about ERP for inventory management garment industry:

What Is An ERP Software? 

Enterprise Resource Planning (ERP) software enables businesses to manage different core functionalities within a single platform. It has important features such as real-time reporting and data analysis to help streamline the processes of your business and allow seamless operations between different departments. The centralised database of the best ERP software in Kolkata helps your business to gain an overall insight into crucial aspects of the business, without requiring manual effort.

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Importance Of ERP Software For Inventory Management For Garment Manufacturing 

An ERP system for the apparel industry allows businesses to have an organised workflow. ERP for production helps to increase productivity, improve efficiency and reduce costs across different operations of the apparel business. A 2023 survey which included retailers, manufacturers and distributors from different sectors found that businesses that used a new ERP system achieved a success rate of 85%. Manual reporting is prone to human errors. With ERP for garment manufacturing, you will be able to improve work processes and achieve your ROI target faster. 

Challenges of Inventory Management in The Apparel Manufacturing Industry 

Apparel manufacturers have to deal with numerous challenges during the production process. Here are some of the major challenges:

Inaccurate Inventory Levels: Inability to track inventory levels in real-time, causing delays.

Lack Of Visibility Across Departments: No detailed overview of different operations across different departments.

Too Much Waste From Production: Improper inventory management leads to greater wastage.

Misalignment Of Production Schedules: It is difficult to establish communication between different departments without a single unified platform.

Unregulated Order Management: Order management becomes difficult if manually managed.

Improper Cost Management: Cost accounting without accuracy can lead to fines and penalties during tax returns. 

How ERP Software Helps Inventory Management In The Apparel Industry 

Manufacturing ERP software helps you to meet your business needs without any hassle. Here are some of the key benefits of ERP software for apparel manufacturing :

Accurate Forecasting Of Demands

ERP systems help businesses by giving you accurate forecasts of demands. It uses historical data and analyses market trends, allowing you to stay prepared for future market demands. This helps your business to avoid stockouts and overstocking situations. 

Enhanced Decision Making

Enhance your decision-making for your manufacturing business by gaining immediate insights into performance metrics, having greater operational visibility and being able to respond to market changes at a faster rate. ERP for apparel industry is made to allow you to be more informed as well as smarter decisions and promote time management. 

Cloud-Based ERP

Cloud-based ERP systems help you to access critical information from any device and from any location. Moreover, the robust security of your garment manufacturing ERP will allow you to safeguard important information. Only people with proper credentials will be able to access crucial data for your business. 

 Manage Stock Levels

By tracking real-time inventory levels, your business will be able to efficiently implement supply chain management without any issues. Effectively manage your Material Requirement Planning (MRP) and align them with your production schedules with the right ERP software. 

Reduce Waste From Production

With advanced management solutions for warehouse management, you will be able to reduce the waste of raw and finished products. ERP systems also effectively identify gaps in your inventory management and help you stay aligned with production schedules.

Optimise Inventory Management

Optimise your inventory stock with improved quality control and vendor communication. ERP system for the manufacturing industry allows you to implement uniform standards for quality checks due to its centralised database. Moreover, there is improved vendor communication as you can track every communication within a single platform.

Improved Collaboration

Garment manufacturers have to struggle to keep their production schedules aligned across various departments. With advanced supply chain management of apparel ERP software, you will be able to seamlessly integrate different operations of departments within a single platform, without requiring separate systems for different departments.

Save Costs

Reduce the costs of your overall production with ERP solutions. ERP inventory management system enables you to find areas where you can potentially reduce costs and provide you with an in-depth analysis of your expenditure. It has integrated cost accounting features for your convenience. 

Conclusion

With the right ERP system, you will be able to streamline the operations of your garment business. ERP helps manufacturers with detailed insights, real-time reports and improves collaboration as well as communication across different departments. Improve your business process with cloud-based ERP solutions today!