The industrial equipment and machinery industry struggles with complex engineering requirements and a need to tightly track and control capital expenditures. As such, industrial equipment and machinery manufacturers need ERP software solutions with strong software functionality that is designed for their industry. This industry specific software functionality includes product engineering and product life cycle management, forecasting and budgeting, inventory management and quality control, as well as robust cost accounting and financial management.
Industrial Equipment and Machinery Software Requirements
- 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.