Industrial Equipment and Machinery Software

The industrial equipment and machinery industry faces complex engineering requirements and a need to tightly track and control capital expenditures. This industry-specific software functionality includes inventory management, product engineering and product life cycle management, quality control, and forecasting and budgeting, as well as robust financial management and cost accounting.

Industrial Equipment and Machinery Software Requirements

  • Budgeting
  • Demand forecasting
  • Advanced manufacturing resource planning (MRP)
  • Automatic scheduling
  • Standard costing
  • Product engineering
  • Product lifecycle management (PLM)
  • Engineering change notices (ECN’s)
  • Online product configurations
  • Inventory management
  • Consignment inventory
  • Quality control

As we have discovered in our experience with more than 150 ERP solutions, each ERP software package has its strengths and weaknesses. We track our extensive selection and implementation experience with various enterprise systems in our proprietary ERP Solutions Database.  Below is a summary of a small sub-set of data from that database, which our project teams use to help clients select the right ERP software for their organizations.

This table identifies the generalized functional strengths of each of the listed ERP solutions for industrial equipment and machinery manufacturing and distribution. Our ERP software selection process leverages more detailed information from our database to conduct a more thorough assessment of software fit with each client’s business requirements.

ERP Software Packages for Industrial Equipment and Machinery Manufacturing and Distribution

Industrial Equipment and
Machinery Software Functionality
SAP ERP 6.0 Oracle EBS IFS Epicor Vantage 9 Lawson M3 7.1 Glovia ERP Infor Syteline Friedman
Standard ERP Functions
Document Management High High High High High High High Medium
International HRIS High High High Medium High __ High Medium
Customer Relationship Management (CRM) High High High High High High High Medium
Advanced Manufacturing Resource Planning (MRP) High High High High High High High High
General Ledger, Accounts Receivable, Accounts Payable High High High High High High High High
Standard Costing High High High High High High High High
Integration with 3rd Party Systems Low Medium Medium Medium Low Medium Medium Low
Auto Advanced Pricing High High High High High High High High
Auto Scheduling High High High High High High High High
Inventory Management High High High High High High High High
Role-based Security High High High High High High High High
Robust Portals High High High High High High High High
ANSI x 12 EDI Capabilities High High High High High High High High
Business Workflow Management High High High High High High High High
Remote Access High High High High High High High High
Custom Report Writer High High High High High High High High
User Defined Dashboards High High High High High High High Medium
Drill Down Capabilities High High High High High High High High
Audit Logs High High High High High High High High
Key Differentiating Requirements
Engineer To Order Discrete Manufacturing High High High High High High High High
Advanced Manufacturing Resource Planning (MRP) High High High High High High High High
Demand Forecasting High High High High High High High Medium
Bar-coding High High High High High High High High
Labor Tracking High High High High High High High Low
Product Configurator High High High High High High High High
Portals High High High High High High High Low
Multi-lingual High High High High High High High High
Multi-currency High High High High High High High High
Track Country of Origin High High High High High High High High
NAFTA Customs Compliance High High Medium High High High Medium High
Material Lot Traceability High High High High High High High High
Inventory Consignment High High High High High High High High
Project Management High High High High High High High Medium
Quality Control High High High High High High High High
Freight Management System High High Medium Medium High Medium High High
Multiple Warehouses High High High High High High High High
Warranties and RMAs High High High High High High High
Function Specific Requirements
Customer Service Low High Medium Medium High Medium High Low
Financial Management, Accounts Receivable, Accounts Payable High High Medium Low High Low Medium Low
Product Configurator High High Medium High High High Low High
Production Scheduling High High Medium High High High Medium Low
Purchasing High High High High High High High High
Inventory Management High High Medium Medium High High Medium High
Shipping High Medium Low Low High Low Low Medium
Receiving High High High High High High High High
Sales High High Low High Medium Medium Medium Low
Marketing High High Medium High High Medium High Low
Product Engineering Medium Medium High Medium Medium Medium High Low
Manufacturing Engineering High High High High High Medium High Medium
Quality Control High High Medium High High Medium Medium Low
Tech Service High High Medium Medium High Medium Medium Low
RMA High High High High High High High Medium
Operations High High Medium High High Medium Medium Low
e-Portal High High Medium High Low Medium Medium Low

Disclaimer: For illustrative purposes only. Assessment for your unique needs may vary based on specific business processes and requirements. You will want to develop more detailed requirements as part of your software evaluation and selection process.

Panorama’s ERP consultants provide a complete service offering that can assist your organization throughout the process of ERP selectionERP implementation and organizational change management.

Our consultants are aware of the potential pitfalls of ERP selection projects and can help hedge against project cost overruns, software that is misaligned with business needs, and lack of return on investment. The ERP team has industry specific expertise that helps achieve measurable business improvements.

Recent Articles and News Related to Industrial Equipment and Machinery Software