ERP for Chemical industry
One stop software solution for Best ERP for Chemical Companies
ERP for chemical industry is a must
Enterprise resource planning (ERP) is an acronym for a system used to manage the various aspects of a company’s operations. The chemical industry has an increasing demand for ERP solutions to keep up with the latest developments in the industry.
Explain how digital transformation impacts the chemical industry
The chemical industry is becoming more digital in the way they are integrating their ERP system. This is because the industry is seeing an increase in demand for ERP solutions in order to keep up with the latest developments of the industry. Digital transformation impacts the chemical industry because it helps facilitate a digital enterprise and enable employees to work smarter and more efficiently.
A digital enterprise is a business that has a digital-led strategy and is driven by digital innovation
Why Chemical Companies Need ERP
Chemical companies are among the most complex industries in terms of supply chains. The industry is highly regulated and it is important to be compliant with environmental regulations. The industry also has a high volume of material trade, which can lead to huge losses if not managed properly.
ERP provides the solution for these issues by providing a single source of data for all business operations. ERP solutions can help chemical companies manage their supply chain, inventory, production planning, and other aspects of their operations.
Benefit ERP for Chemical Industry
ERP (Enterprise Resource Planning) is a software system used in companies to automate processes, like manufacturing, inventory management, and customer service. It uses a database to store data and other information about a company’s assets.
The benefits of ERP include:
1. Increased productivity thanks to better decision-making and effective communication between departments.
2. Better cooperation between departments due to increase in communication channels.
3. Increased transparency and compliance with regulations due to recording of assets and transactions across the enterprise at one place.
Which ERP service is the best for Chemical companies
SAP Hana Xpress
Many companies in the chemical industry face challenges when it comes to data storage and management. ERP solutions, such as SAP, offer a platform for data storage and management that can help mitigate these growing pains. Chemical plants often need specialized software because of the complicated nature of the industry. Solutions like SAP offer a versatile platform that can be easily customized to fit your company’s needs. It also offers an easy way to share information between departments within your organization.
SAP has been a go-to application for decades. Today, SAP is proud to be at the forefront of innovation in the chemical industry with its new release, SAP HANA Xpress.
SAP HANA Xpress is a solution that utilizes a revolutionary in-memory processing engine to run trillions of calculations in parallel. It utilizes the power of in-memory processing to deliver unprecedented throughput and low latency for big data analytics. It also delivers an in-memory, real-time transactional database that enables a new level of data integrity and performance.
Benefits of SAP Hana Xpress
What are the benefits of SAP Hana Xpress? SAP Hana Xpress is a flexible solution that can be configured to meet your unique needs. With its powerful data cache, it delivers faster performance for analytical queries. With an easy-to-use interface, it simplifies user experience with analytics and data visualization. With its scalable architecture, it can be scaled to meet your business demands and process any amount of data you need to extract insights from with minimal impact on performance.
Problem Areas , And How to Solve them
o Problem: – Unable to get batch-wise costing, to track batch inventory in real time.
o Solution: – In SAP B1, the production of all items like intermediates, semi-finished goods, finished goods etc is taken up batch wise. The batches are tracked from the point of purchase to production and consumption.
Hence, batch-wise costing is possible and inventory is visible.
o Problem: – Goods are inwards/ cleared without any control on quality.
o Solution: – SAP provides Quality Control which is applicable at Goods inward,
Production and dispatch stage with considering all QC parameters with desired approvals.
o Problem: – Here loses are suffered due to breakdown of machines.
o Solution: – SAP provides a complete solution for plant maintenance (preventive and breakdown).
o Machine Learning capabilities will be also part of the solution.
Multiple Units of Measures:
o Problem: – Material has to be measured in various units of measure – Kilograms, litters, numbers & even Bars. Often, they are purchased in one measurement & consumed in another.
o Solution: – In SAP, it handles at Item Master level. Hence the accounting of materials does in more than one unit of measure.
Procurement (Purchase Quotation Automation):
o Problem: – Does your purchase department spends lot of times on inviting and comparison quotation to finalizing on PO?
o Solution: – SAP provides online RFQ- request for quote to the vendor to fill the quotation and send it back. In SAP, quotation comparison gives the control to procurement department to select the right vendor.
o Problem: – Does your production performs re-processing and by-products.
o Solution: – SAP will offers advance production module where re-process material can be re-issued for production process.
o Problem: – Typically the Manufacturing Industries operate in Make to stock, Assemble to order, Job shop, Make to order, Project based environment. This very nature of order management decides the optimization strategies of planning, procurement, inventory management patterns.
o Solution: – In SAP B1 application, it address mechanism to handle such order management strategies.
o Problem: – Most of the companies manage sub- contracting to meet the demand.
o Solution: – SAP provides generation of challans and maintaining the stock status of material lying at the subcontract location which gives the inventory visibility.
o Problem: – Lack of visibility of inventory in WIP stage can help the companies to plan their production more efficiently towards meeting the delivery schedules.
o Solution: – In SAP, WIP can be tracked using routing functionalities while considering the availability of machines and inventory.
Multiple Site Management:
o Problem: – Difficulty in managing and controlling operations at multiple locations like HO, Plant, Sales office/branch affecting real time data capturing and reporting of entire organization
o Solution: – In SAP, Multiple locations can be created to get individual and consolidated view of the organization in real time basis.
o Problem: – Real-time situation of Sales orders is NOT known which effects the existing deliveries and future deliveries as well.
o Solution: – ATP module gives a clear view for the sales team of existing deliveries and future orders.
IMTS Solutions also offers discounts on ERP implementation consulting for Chemical companies