Every industry in today’s world requires a system that allows you to automate and manage all internal processes in one place. This feature can be achieved with an ERP system.
Thus, The furniture sector is not left out. The furniture industry has always been labour intensive, but with changing business trends, the furniture sector has also started to embrace new technologies, and with this, ERP comes into play.
ERP software helps furniture manufacturers manage and streamline their businesses. ERP covers all aspects of the furniture business, from manufacturing, design, production, distribution, sales, etc.
Adopting ERP in your furniture industries will help you adapt to changes in market conditions quickly, which will eventually help you carry out your business plan smoothly.
No matter how big or small the furniture business is, ERP can perfectly fit into the shoes and will help you stay ahead in this competitively driven world.
Benefits of ERP in furniture industry
Below are the certain benefits that furniture businesses can get with integration of ERP.
1. Inventory management
One of the main advantages of ERP is it provides effective control over inventories.
One of the serious concerns of furniture fabricators is to deal with a large number of assets, managing the entry and exit of these thousands of products daily becomes quite cumbersome. But with an ERP system, this can be automated.
ERP will,
- Help to Keep a balance of stock
- Manage the purchase of raw material
- Warehouse management
- Also help in providing information such as quality, characteristics, and location at any time
- Smooth tracing of product.
Thus with this information, you can manage your orders effectively and this will help in improving your turnaround time.
2. Reduces production cost
ERP software helps in automating and streamlining the business process through its integrated efficient module system that is suitable for each and every industry.
With automation of sales, purchase, and stock reports there is Accuracy, transparency, and less wastage of resources.
An ERP system also helps in tracing a loophole in the management process which helps you to take sound business decisions quickly thus saving unnecessary loss due to management constraints.
With help of ERP, you can also check the quality of the product, thus which will help in eliminating the expense of bad assets, not only this it also provides notification on overstock or understood, thus helping in rubbing over the unnecessary business loss.
With acclamation of all the above factors, there is improvement in cash flow, resulting in optimizing business flow.
3. Improvement in supply chain management
With the integration of smart ERP software like Odoo ERP, businesses can streamline the complex supply chain management process with its smart tracing and forecasting system.
Odoo ERP smart feature provides furniture industries useful insight regarding the demand for a certain product, customer preferences, seasonal changes, purchase history, and ongoing trends.
This will help you to make better business decisions and help to prepare or make products as an ongoing trend.
Post-product preparation, warehouse management, sales, and delivery of asset tracing is taken care of by ERP resulting in optimizing the supply chain management.
4. Higher customer satisfaction
Smart ERP solutions help in storing customers’ details in a data repository, with this quicker data collection and saving of clients’ history will allow you to easily answer their questions and queries.
Also, the above details can be used in marketing like suggesting similar products offering discounts or cashback referring to their purchase history.
Also, we can go one step ahead and can message or mail them on festive days or on their birthday these processes can be automated with ERP and CRM integration.
This step will make clients feel special and will help in building trust and confidence toward customers.
5. Centralized platform
One of the winning features of ERP is that it brings all the departments together at one platform be it administrative, marketing finance, or HR, thus being a one-stop solution for business queries.
All the department’s data being available on one platform makes transmission of important information and reports easy and saves a lot of time in going to and fro. Thus achieving flexibility and transparency.
6. Integration and configuration of other software
In today’s digital world where the craze of online shopping is increasing, it is important for businesses to efficiently take their online presence to stay in the competition.
Integration of your Ecommerce store with your ERP will help to drive the digital store more smoothly and you can maximize your online sales.
With help of this Integration, you can get information regarding sales, and customers’ demands easily and smoothly. It helps you in providing more visibility and helps you to grow in the Ecommerce market.
In addition to that, the configuration of CRM software with ERP will boost business growth. This collaboration will help in increasing customer satisfaction. If you partner with the right company and integrate the right software with ERP you can streamline your business process.
Final thoughts
Thus, from above, you can conclude that smart ERP systems like Odoo ERP will help give a 360° view of your business operations.
This will not only change the way you administrate your business but will also enhance your business ability.
If you are interested in Odoo ERP consultation or implementation for your furniture business, Silent Infotech will be happy to guide you on this exciting journey.
