4 Essential Odoo ERP Modules for Manufacturing Businesses in 2022
Thanks to technology, businesses are now able to operate from anywhere and at any time.
With video call applications such as Zoom, Google Meet, and Skype, the culture of employees working from home is starting to become a norm.
Businesses are also able to continuously retain their relationships with customers with the help of Customer Relationship Management (CRM) systems.
Out of all the systems available for businesses, one of the most common systems that businesses are adopting now is the Enterprise Resource Planning (ERP) system.
ERP system is a business management system that encourages the automation of tedious manual tasks and the integration of data/information into one single platform.
Read more: What is ERP?
Under an ERP system, there will be a lot of other different modules available each serving a different purpose.
Some of the basic modules of the ERP system are such as the finance module, procurement module, manufacturing module, human resource management module, CRM module, Supply Chain Management (SCM) module, marketing module, and so on.
There is a wide range of modules available in the market.
However, each business will have its own needs and
challenges.
For example, a trading industry company will have a higher need for ERP system modules such as human resource management, supply chain management, procurement, and inventory management, but not so for manufacturing or project management modules.
Therefore, we will be going through with you some of the most recommended Odoo ERP system modules that manufacturing businesses must have!
· MRP Module
· Inventory Module
· Purchasing Module
· Accounting Module
MRP Module
Odoo's Manufacturing Resource Planning (MRP) Module is one of the main important modules that manufacturing businesses should definitely have.
With the MRP Module, manufacturing businesses can have access to clear and accurate insights on manufacturing plans and reports.
Full visibility on work center performances, product quality, manufacturing orders, and more, help to ensure manufacturing businesses a seamless collaboration between departments.
Full production traceability can also be achieved when materials used in production are able to be traced in a full upstream report.
The MRP Module provides manufacturing businesses the visibility and traceability they need to stay competitive in the manufacturing industry by achieving true productivity.
Inventory Module
Manufacturing businesses have to constantly deal with huge loads of materials that are to be used in their production activities.
For that, it is immensely important for manufacturing businesses to ensure that they are able to handle their storage and inventory well.
To effectively manage and control inventory with large amounts of materials, traceability and visibility will be needed.
With the Odoo Inventory Module, material movements can be tracked from the purchasing departments to the warehouse right until sales orders are created.
Plus, by implementing Odoo's Inventory Module, Make-To-Order will be possible.
This means the production of manufacturing businesses will start only when there is a confirmed sales order.
This is extremely effective in aiding manufacturing businesses to achieve Lean Manufacturing through inventory optimization and the reduction of waste.
Purchasing Module
Manufacturing businesses often have to order materials from many suppliers with different price ranges and material qualities.
In order to get supplies of the best quality at the
most affordable price, supplier information should always be made readily
available for manufacturing businesses.
By implementing Odoo's Purchase Module, suppliers’ price lists and suppliers’ Key Performance Index (KPI) can be stored and accessed easily.
This allows manufacturing businesses to make better purchasing decisions by analyzing and comparing supplier choices.
Manufacturing businesses’ replenishment tasks can be tedious if done manually.
With the Purchasing Module, replenishment and purchasing tasks can be automated according to their own inventory levels.
Odoo's Purchasing Module can be a very powerful and useful tool for manufacturing businesses in many ways.
Accurate inventory forecasting, clear RFQ status monitoring, and effective product handling are some other advantages that the Purchase Module has for manufacturing businesses.
Accounting Module
Accounting is a very important part of any business as it provides financial information that could help business owners better strategize their future plans.
This makes Odoo's Accounting Module an absolute necessity for all business industries, including the manufacturing industry businesses.
The Accounting Module allows manufacturing businesses to have access to clear and accurate financial information such as profit/loss, cash flow, taxes, customer acquisition cost, and so on, thus encouraging strategic planning.
Manual data entry tasks that are prone to human errors can also be avoided through the automation function of Odoo's Accounting Module.
Additional ERP system modules that manufacturing businesses could implement
ERP system modules can work seamlessly well with each other.
With Odoo's modular system, it allows different modules to be added to or removed from the ERP system according to the current needs.
So, some other modules that manufacturing businesses can integrate into their ERP system alongside the above-mentioned modules are:
Contact our ERP experts now for a free demo!