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 6.0Oracle EBSIFSEpicor Vantage 9Lawson M3 7.1Glovia ERPInfor SytelineFriedman
Standard ERP Functions
Document ManagementHighHighHighHighHighHighHighMedium
International HRISHighHighHighMediumHigh__HighMedium
Customer Relationship Management (CRM)HighHighHighHighHighHighHighMedium
Advanced Manufacturing Resource Planning (MRP)HighHighHighHighHighHighHighHigh
General Ledger, Accounts Receivable, Accounts PayableHighHighHighHighHighHighHighHigh
Standard CostingHighHighHighHighHighHighHighHigh
Integration with 3rd Party SystemsLowMediumMediumMediumLowMediumMediumLow
Auto Advanced PricingHighHighHighHighHighHighHighHigh
Auto SchedulingHighHighHighHighHighHighHighHigh
Inventory ManagementHighHighHighHighHighHighHighHigh
Role-based SecurityHighHighHighHighHighHighHighHigh
Robust PortalsHighHighHighHighHighHighHighHigh
ANSI x 12 EDI CapabilitiesHighHighHighHighHighHighHighHigh
Business Workflow ManagementHighHighHighHighHighHighHighHigh
Remote AccessHighHighHighHighHighHighHighHigh
Custom Report WriterHighHighHighHighHighHighHighHigh
User Defined DashboardsHighHighHighHighHighHighHighMedium
Drill Down CapabilitiesHighHighHighHighHighHighHighHigh
Audit LogsHighHighHighHighHighHighHighHigh
Key Differentiating Requirements
Engineer To Order Discrete ManufacturingHighHighHighHighHighHighHighHigh
Advanced Manufacturing Resource Planning (MRP)HighHighHighHighHighHighHighHigh
Demand ForecastingHighHighHighHighHighHighHighMedium
Bar-codingHighHighHighHighHighHighHighHigh
Labor TrackingHighHighHighHighHighHighHighLow
Product ConfiguratorHighHighHighHighHighHighHighHigh
PortalsHighHighHighHighHighHighHighLow
Multi-lingualHighHighHighHighHighHighHighHigh
Multi-currencyHighHighHighHighHighHighHighHigh
Track Country of OriginHighHighHighHighHighHighHighHigh
NAFTA Customs ComplianceHighHighMediumHighHighHighMediumHigh
Material Lot TraceabilityHighHighHighHighHighHighHighHigh
Inventory ConsignmentHighHighHighHighHighHighHighHigh
Project ManagementHighHighHighHighHighHighHighMedium
Quality ControlHighHighHighHighHighHighHighHigh
Freight Management SystemHighHighMediumMediumHighMediumHighHigh
Multiple WarehousesHighHighHighHighHighHighHighHigh
Warranties and RMAsHighHighHighHighHighHighHigh
Function Specific Requirements
Customer ServiceLowHighMediumMediumHighMediumHighLow
Financial Management, Accounts Receivable, Accounts PayableHighHighMediumLowHighLowMediumLow
Product ConfiguratorHighHighMediumHighHighHighLowHigh
Production SchedulingHighHighMediumHighHighHighMediumLow
PurchasingHighHighHighHighHighHighHighHigh
Inventory ManagementHighHighMediumMediumHighHighMediumHigh
ShippingHighMediumLowLowHighLowLowMedium
ReceivingHighHighHighHighHighHighHighHigh
SalesHighHighLowHighMediumMediumMediumLow
MarketingHighHighMediumHighHighMediumHighLow
Product EngineeringMediumMediumHighMediumMediumMediumHighLow
Manufacturing EngineeringHighHighHighHighHighMediumHighMedium
Quality ControlHighHighMediumHighHighMediumMediumLow
Tech ServiceHighHighMediumMediumHighMediumMediumLow
RMAHighHighHighHighHighHighHighMedium
OperationsHighHighMediumHighHighMediumMediumLow
e-PortalHighHighMediumHighLowMediumMediumLow
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.

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