Industrial Products Software

The industrial products industry is broad and diverse. Products range from chemicals and fasteners to ladders and lifts. The manufacturing and distribution of these products requires a flexible, robust ERP software solution that can manage a variety of product types at any given time. The ERP software must have a fully integrated warehouse management system and a strong inventory management software functionality

Industrial distributors require an ERP solution that is capable of managing all aspects of sales, order entry, accounting, purchasing, finance and inventory, while also being easy-to-use and easy to deploy across multiple locations.

Industrial Products Software Requirements

  • Customer relationship management
  • Point of sale (POS software)
  • Flexible order management
  • Pricing and promotions
  • Inventory management
  • Kitting and assembly
  • Serial number tracking and lot control
  • Warranty tracking
  • Warehouse management system
  • Consignment inventory

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 ERP 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 industry strengths of each of the listed ERP solutions. Our 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 Products

Industrial Products
ERP Software Functionality		 Microsoft
Dynamics
AX		 Oracle
EBS		 Sage
Adonix		 Infor
Adage		 IFS Epicor
Vantage
Standard Accounting Functionality High High High High High High
Manufacturing Resource Planning (MRP) High High High High High High
Product Configurator High High Medium High High High
Electronics Data Interchange (EDI) High Medium High High High High
Payroll Functionality High High Medium High Medium High
Human Resource Management (HRIS) High High High High High
Customer Relationship Management (CRM) High High High High High High
Product Lifecycle Management (PLM) High High High High High High
PM – Project Management Module High High High High High High
Quoting Capability High High High High High High
Advance Shipment Notice (ASN) High High High High High High
Reporting with Drill Down Capabilities High High High High High High
Auto Pricing and Auto Scheduling High High High High High High
Bar Code Capability High High High High High High
Document Management System High High Low High High High
Support Multiple Business Units and Market Segments High High High High High High
Support Multiple Units of Measure and Conversions High High High High High High
Support and Provide Visibility to Multiple Warehouse Locations High High High High High High
Support Gated R&D Process and Commercialization and De-commercialization High High High High High High
Manage a Single Batch Process High High High High High High
Track and Report VAT High High High High High High
A Kitting Module that Rolls into BOM and WIP Including Shop Floor Tracking, Quality Control Data, and Defect Yield Percentages High High High High High High
User Defined Workflows AcrEss Functional Areas with Multiple Approval Loops and electronic Signoffs High High High High High High
Portfolio Tool for R&D Review and Evaluation High High High High High High
Production Scheduling High High High High High High
Operations and Production High High Medium High High High
Customer Service High Medium High High High High
Product Configurator High High High High High High
Finance, Accounts Receivable, Accounts Payable High High High Medium High High
Sales and Marketing High High High High High High
Purchasing Medium High High Medium High High
Quality Control, Quality Systems High High High High High High
Payroll and HR High High Low High Medium High
Shipping and Receiving Medium High High High High Medium
Research and Development High High High High High High

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 selection, ERP 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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