An ERP for manufacturing combines functions such as production, inventory, and finance! Newton ERP is a manufacturing-specific platform that helps enable manufacturing operations and enhances operational efficiency under a single platform.
What is Newton ERP?
Newton ERP is an easy-to-use, scalable ERP software for manufacturing. It combines processes around data-driven management, from stockroom to accounting, resulting in efficiency gains across the board.
Why Manufacturing Businesses Need Newton ERP
With centralized manufacturing processes, Newton ERP offers insights into areas requiring attention and the scope for making proactive changes. Easy customization according to particular needs makes data-based decisions easier and quicker.
- Enhanced Collaboration Across Departments: Whether it is regarding production, finance, sales, or supply chain, Newton ERP integrates all departments and allows easy communication between departments which minimizes misalignment or delay.
- Real-Time Inventory Management: With real-time inventory data from the cloud, manufacturers avoid stock shortages and overages, and the effect stock shortages or overages have on production and profits.
- Improved Production Scheduling: Newton ERP allows for efficient scheduling of resources, equipment, and manpower to minimize waiting time and maximize throughput.
- Quality Control and Compliance: Quality control checks are part of the manufacturing process within Newton ERP. It ensures a product is aligned with industry standards and minimizes the chances of defects and returns.
- Reduced Operational Costs: By minimizing errors and simplifying processes, Newton ERP helps drive down overheads. Automated workflows reduce time and repetitive tasks, increasing cost efficiency.
- Enhanced Supply Chain Management: Newton ERP manages supplier relationships, tracks raw materials, and monitors logistics to help make timely deliveries and avoid production delays.
- Better Customer Relationship Management (CRM): However, Newton ERP offers its CRM tools, which enable the manufacturer to manage orders, answer queries, and provide post-sales services to customers — a benefit that can only ensure higher customer satisfaction and loyalty.
Key Features of Newton ERP for Manufacturing
Newton’s ERP includes inventory tracking, production planning, quality control, supply chain, sales, and finance management. Custom dashboards provide real-time insights to streamline manufacturing processes.
- Advanced Inventory Management: Newton ERP tracks raw materials and finished goods in real-time, setting reorder points and automating purchase orders to prevent stockouts and overstocking, which optimizes inventory costs.
- Production Planning and Scheduling: Newton ERP’s scheduling tools allow for precise production planning, helping manage labor, equipment, and resources efficiently. This minimizes downtime and maximizes machine utilization.
- Quality Assurance and Control: With built-in quality control features, Newton ERP tracks quality metrics at every production stage, ensuring compliance with standards, reducing defects, and improving product reliability.
- Work Order Management: Newton ERP allows for detailed work order management, tracking each stage of production, monitoring progress, and ensuring timely completion of orders based on deadlines and priorities.
- Maintenance Management: To prevent machine breakdowns, Newton ERP includes maintenance scheduling, ensuring that equipment remains operational and downtime is minimized, which protects production flow.
- Warehouse Management: The software optimizes warehouse space, tracks inventory movement, and manages bin locations, helping improve warehouse efficiency and reduce storage costs.
Benefits of Using Newton ERP in Manufacturing
Newton ERP boosts productivity, reduces costs, enhances customer satisfaction, and scales with business growth. Real-time analytics empower managers to make data-driven, strategic decisions.
- Enhanced Workflow Efficiency: Newton ERP automates repetitive tasks, reducing manual data entry and streamlining workflows, which saves time and reduces the risk of human error.
- Better Demand Forecasting: By analyzing historical data and market trends, Newton’s ERP helps predict demand accurately, allowing manufacturers to plan production and inventory levels more effectively.
- Reduced Waste and Scrap: By optimizing inventory management and production processes, Newton ERP helps reduce waste, minimize scrap, and improve resource utilization, leading to cost savings and sustainability.
- Optimized Cash Flow Management: Newton ERP’s order-to-cash automation accelerates invoicing and payments, ensuring steady cash flow and improving financial health.
- Faster Order Fulfillment: Newton ERP optimizes the order fulfillment process, improving delivery times and helping manufacturers meet customer expectations for prompt service.