Why do we need ERP software for Plastic Industry

The plastic industry in India has shown significant progress since its inception. Today, it is one of the fastest growing and the most diversified industries. It employs about 4 million people and comprises more than 30,000 processing units, 85-90 percent of which are small and medium-sized enterprises.

As the plastic industry continues to grow, managing operational and financial activities is becoming more and more complicated. The lengthy process includes various steps such as procurement, manufacturing, distribution of the product, channel management, cash flow, outstanding ageing of payment and receipts. Another important step is Quality Control – right from the raw materials to the finished goods. One tool that can help enterprises manage their business process end-to end is ERP software for plastic industry. An ideal ERP software uses a centralised database which allows different departments to communicate with each other seamlessly, without having to maintain data at multiple locations. All the applications of ERP are interwoven and can talk to each other. In addition to providing simple and cost-efficient software, the ERP system also helps plastic manufacturers to be statutory compliant. By providing real-time information, the software helps streamline the entire operations and take better business decisions. Additionally, it is beneficial in future forecast of the supply chain inventory that can help an organization increase its profitability.

Deskera ERP software is an all-in-one solution designed specifically for plastic manufacturing companies. This comprehensive and flexible ERP solution includes support for industry best practices with out-of-the-box functionality. It delivers fully integrated, compliant and quick to deploy stock handling software solutions. Deskera ERP also ensures on-time delivery, order accuracy, quality and pricing.

The software being completely cloud-based can be accessed from any device – mobile phone, tablet, laptop or a desktop. You can get real-time information on the go that can help you in better decision making.

Deskera ERP provides solution for each division of the plastic industry. Its customer base comprises of manufacturers of auto plastic components like electric parts, computer peripherals, packaging parts and auto parts along with manufacturers from woven fabrics, woven and non woven sacks and bags, geosynthetics materials.

Some of its features of Deskera ERP for plastic industry are as follows:

Purchase Management: You can streamline your procure-to-pay process by automating key transactions and providing approval workflow to support internal compliance requirements. You can manage all your purchase processes such as creating purchase orders, receiving goods, making payments, and allowing you to return defective goods with financial instruments. Additionally, Deskera ERP helps you create, monitor, and maintain all key order information of your purchases, ensuring that each purchase order is legitimate and authorized. By linking your purchase order to inventory control, you can access exact stock quantities, movement history, seasonal trends, and supplier lead times.

Product Management: To run your business seamlessly, a central knowledge repository of product history is required at any point of time to promote integration and data exchange among all business users who interact with products. Deskera ERP for plastic industry helps you to manage complete product information; everything from description and initial price, to opening stock. It is also easy to configure a purchase and sales account for each product. The software has twin pricing intelligence mechanism that enables the successful introduction of a new product portfolio and flexible pricing setup to handle multiple purchase and sales prices. Accordingly, different product prices can be assigned for different customer types such as wholesale customers, retail customers and more.

Accounts Management: Deskera ERP can record and manage all financial activities with customers, vendors, inventory, and other companies, while at the same time ensuring compliance with standard accounting policies. This software solution is the practical application of management techniques to control and report on the financial health of the organization. Deskera ERP also includes the maintenance of bank accounts, developing financial statements, cash flow and financial performance analysis.

Stock Management: Deskera ERP maintains a central repository of all details related to stock, products and items across chain of stores. It enables stakeholders to get the right product at the right time by automating the entire process. Deskera ERP allows users to manage all stock operations, from orders and receipts to inter-store stock transfer, daily audits and more. A single view of all stores inventory helps the user to plan for stock movement across various stores.