Quick Tip: What is ERP?

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Enterprise Resource Planning, or ERP, is a process to help you run your business. At its most basic level, ERP software integrates various business functions into one complete system to streamline processes and exchange information across an entire organization.

ERP Software, such as MIE Trak Pro, provides you with the tools to know exactly what’s happening in all departments and whether or not your business is profitable.

ERP software helps you answer questions like:

  • "Am I quoting too low?"

  • "Should I run an overtime shift?"

  • "What's my cash-flow like?"

  • "Is production on schedule?"

  • "Do I need to purchase material now or later?

  • "Are we making a profit?"

  • "Where is my inventory?"

Once upon a time, running your business was intuitive. You knew exactly what to do and how to do it. In fact, you did it so well that you were hiring more employees, getting more business, and making more profit. You started with Excel to track inventory, used QuickBooks for quotes, and before you knew it, your one-person show became a 20-person operation.

Today, however, your competition is growing, marketing has gone digital (and has become quite costly), and it’s hard to stay ahead of the curve in the global manufacturing landscape. That is why ERP is a must for many, if not all, businesses who wish to continue growing and succeeding in the manufacturing industry.

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ERP helps you streamline processes, such as:

MRP – MaTERIAL Resource Planning

Planning is facilitated by the integration of MIE Trak Pro modules like Scheduling, Inventory, Purchasing, and Quality Control, amongst other key features, such as our MIE Mobile Warehouse application.

FRM – Finance Resource Management

Using MIE Trak Pro’s modules and features, like Quoting, Invoicing, G/L Account, G/L Journal Entry, Bill Payment, A/P and A/R, and Reconciliation, can help you stay on top of your finances, facilitating best practices and ensuring your CFO can make informed decisions based on real-time financial data.

HRM – Human Resource Management

Managing human resources is facilitated by the integration of MIE Trak Pro modules like Time Clock and MIE Kiosk—our shop floor data collection module, which is accessible to your shop floor employees for clocking into specific jobs.

PM – Project Management

Managing projects is facilitated by the integration of MIE Trak Pro modules like Routers, Work Orders, and Projects.

SCM – Supply Chain Management

MIE Trak Pro modules like Supplier Center, Inventory, Purchasing, and Sales Orders consist of the features and functionality needed to accurately and efficiently manage your team’s supply chain; think “Lean Manufacturing” or Kanban inventory management as well as Work In Progress (WIP) Inventory management.

CRM – Customer Relationship Management

Managing your customers is facilitated by the integration of MIE Trak Pro modules like Customer Center and Party Maintenance as well as our recently released MIE Mobile CRM.

ERP system modules help facilitate a leaner manufacturing process by streamlining your business through:

  • Quoting and Estimating

  • Sales Orders

  • Work Orders & Routers

  • Scheduling & Forecasting

  • Purchase Orders

  • Inventory

  • Quality

  • Shop Floor Data Collection

  • Invoicing and Accounting

Bottom Line

If you want the visibility to find out how to make your business efficient and increase profits, you need an ERP system.

Manufacturing BlogMIE Solutionsefficient, Enterprise Resource Planning, erp, lean manufacturing, MIE Trak Pro, profit