5 Best ERP software for Plastic Industry

PrismERP—Best ERP for the Plastic Industry in Bangladesh

It's a fully-equipped operating solution for the plastic industry. PrismERP has many features offering your optimum data security. Furthermore, you get a centralized system to store all the information about your daily business operation.

With the help of this efficient software, you can streamline complicated tasks like – collecting raw materials and delivering end products. You can manage the entire production process cycle with the automated work process.

Notable features

• Currency exchange
• Reporting and analytics
• Warehouse management
• Free trails
• 1-1000+ users

Pricing: Several packages are available, including a Free Trial Version.

Oracle NetSuite

It is a complete business management system that makes organizations work more effectively. The major processes will be automated, giving you real-time visibility into your business's financial and operational performance.

This comprehensive solution enables you to manage order processing, accounting, production, supply chain management, and warehousing operations. Plastic companies can have complete control over their business process with NetSuite.

Notable features

• Customer loyalty program
• Auto update
• SKU/ UPC codes
• No free trial
• 2-1000+ users

Pricing: Starts at $499 (Every month)

Katana Manufacturing ERP

This software is robust and versatile. With its user-friendly interface, you can provide outstanding customer service. Real-time monitoring of your staff, inventory, and sales is simple and effective in this system.

Additionally, you can automate stock refactoring and re-prioritize jobs. Product SOPs are simply accessible as you can save them for later use.

Notable features

• Custom workflow via API
• Omnichannel order management
• Accurate costing
• Free trails
• 2-500 users

Pricing: $99 (Every month)

WithoutWire

WithoutWire is a comprehensive inventory platform created to meet the demands of businesses with complex inventory needs. Companies may streamline their production inventory, distribution, and field service procedures with their help.

Real-time allocation is also possible. You will be better equipped to enhance the customer experience. With the aid of WithoutWire, manufacturers can take care of finished goods scanning, add shelf-life-based expiration dates to products, and manage restocking through min/max ordering levels.

Stakeholders can gather information about transactions while keeping an eye on unfinished manufacturing jobs, evaluating unit performance, and creating QA reports.

Notable features

• Supplier management
• Warehouse management
• Free trial
• Free version
• 11-500 users

Pricing: $85 (Every month)

Fishbowl

It is a solution that helps plastic businesses manage their inventory, operations, logistics, and financing in one place.

Fishbowl offers its own version of an enterprise resource planning (ERP) management system that combines complex inventory management software with other solutions to do everything an ERP system can. You can access a range of tools you can use or discard based on your needs.

Notable features

• Forecasting
• Warehouse management
• Reorder management
• 1-500 users
• Free trails

Pricing: Flat rate $4395 (One time)

Benefits of ERP software implementation

Since you are here, you must have realized several benefits of using an ERP for your plastic business. But two major sectors of your business will be highly facilitated after deploying an ERP.

Learn more about them below.

Sales and Distribution

An ERP system will be most beneficial to your sales and distribution division. And the better this department performs and the more revenue you obtain.

With the help of the Sales & Distribution Management System (SDMS), businesses can quickly surpass physical constraints. It assists you in both physical and digital stock management.

Additionally, it drives you to arrange your production, timetables for manufacturing, and so on.

From our ERP, you will mainly be benefitted in the following aspects.

Multiple payment methods

Payments seem to be delayed in sales and distribution most of the time. Gladly, in this system, you will find several payment methods integrated. This will confirm the expected cash flow. And your customer will be happy to have such a smooth payment system.

Distributor stocks

For each distributor, ERP guarantees the availability of proper distribution of goods or products. PrismERP enables the additional benefit of enhanced manufacturing productivity and the avoidance of delivery crises.

Secondary Sales

From the stage of requisition to price management, avoiding unnecessary inventory buildup, PrismERP provides precise sales and operations of distributors with retailers.

The streamlined secondary sales procedure from this ERP enables greater visibility between distributors and retailers. As a result, you can strengthen the business relationships between these two parties.

Hire/EMI Sales

It can be difficult to maintain EMI for the customers. By precisely measuring and managing EMI for each customer, PrismERP saves time and work. And it makes installment payments even simpler!

Production & Planning Control

You, of course, know how crucial it is to have an effective production schedule since you are in the plastic industry. Note that the entire operation process could collapse if you do not have a solid schedule. Our production scheduling ERP will save you!

You can plan and keep track of your production schedule using this software. Also, you can use it to monitor the progress of each item of clothing as it is made.

The program can also be used to keep track of your inventory levels. You ensure adequate supplies are on hand to meet your production targets.

Monitor & track progress

PrismERP allows you to do detailed reporting and track the progression of each production stage. You can easily track the success of a production process via thorough reporting and continual observation.

Reduce Wastages & proper use of resources

The proper use of resources can reduce excess production and unplanned resource acquisition to zero. Through effective production planning and scheduling, PrismERP production planning and control reduce waste and increases an organization's profitability.

Easy material requisition & procurement process

Requesting new materials and obtaining them consume a lot of time in a manual process. If you have an ERP, ordering materials will be easy, making the procurement process go faster.

Corrective action on critical issues

Our ERP will provide you with a reliable data source and current calculation. So, it will be easier to take the right actions when effective production planning and management.

Accurate statistical forecast

Using the forecasting functionality in PrismERP production planning and control, you can generate analytical reports for each unit. This will maintain balance across your company's entire operational system.

Concluding remarks

ERP unifies customer management, human resources, financial management, business intelligence, inventory, and supply chain functions into a single system.

While selecting a centralized system, keep in mind that if you choose the correct solution, the value of ERP exceeds the initial cost, time, and work necessary in setup.

A new ERP system implementation can also be a huge adjustment for any organization. But you will almost immediately see the advantages.