New Apparel ERP Solutions for the Next Normal
By Multidev Technologies · PUBLISHED July 19, 2021
ERP for apparel industry is used to manufacture, design, manage materials, transport and handle distribution processes, as well as manage work flows. A fashion ERP for example is a centralized database that keeps track of all sorts of corporate procedures and activities.
According to Statista report in 2021, Global retail sales of apparel and shoes were expected to jump from US$1.9 trillion in 2019 to above the US$3 trillion-line mark by 2030. Emerging markets particularly in the Asia Pacific rim and European countries where modernized industry players continue to see steady growth. Bare in mind that global demand for clothing for Asia Pacific region was expected to hit 38 percent by 2020.
If you adopt a robust ERP for apparel industry to work, you will definitely manage to harness overall productivity while improving the bottom line; so, will the entire customer journey of your fashion, textile, and apparel fan base. Many apparel manufacturers do not rely on seamless ERP systems to cope with pain points and blind spots.
What are the main pain points in apparel manufacturing?
- Silo thinking – Apparel manufacturing is a complex process that necessitates systemic synergy among all departments and stakeholders (fabric store, sampling, spreading and cutting, sewing, QA, finishing and packaging, accounting, etc.); hence the importance of seamless and fully-integrated software systems that can bring together different standalone modules and components.
- Inadequate real-time management – Real-time viewing, editing, and reporting has become a basic requirement in today’s manufacturing world. Businesses must find a agile and worry-free solutions which harness collective intelligence and overall collaboration.
- Data security– Purchase order, sales order, cost of manufacturing, data sheets, industry specific brochures, HR files and data sheets for employees are some unavoidable documents that are usually overlooked due to outdated security protocols, gear or lack of training. An old data storage process should be replaced, upgraded or migrated to a cloud storage, which offers Realtime monitoring at anytime and from anywhere.
- Overstocking or inventory stock outs may lead to goodwill depreciation and further dissatisfaction of customers. Raw material prices are steadily rising, and poor planning can result in missed opportunities and increased expenditures. Styles are continually changing, and vendors are placing smaller orders to keep up with the shifting trends.
Having the right ERP system is mission critical when it comes to streamlining every operation within and apparel manufacturing business in today’s disruptive technologies and changing landscape. Company Resource Planning (ERP) is an integral business application that allows you to systematically manage cross-channel business operations, improve productivity and harness overall agility.
The right ERP platform can lead to a substantial economy of scale such as reducing printing costs, IT personnel, saving time and expediting information flow and collaborative inputs. As result, best ERP for apparel industry like ChainDrive are meant to help its users make tangible and intangible gains by providing cutting-edge functionalities that can fuel or improve your balanced card processes and overall productivity standards.
Let us share with you some insights and advantages related to agile ERP solutions in the textile and garment manufacturing.
Just like human vaccines which were designed to boost body immunity systems against free radicals, a full-proofed ERP system can do wonders. Here are few takeaways:
1.Eliminating stock-outs and inventory silos: Apparel manufacturing ERP software allows you to understand your bottom-line costs while maintaining the proper merchandise mix across the organization in lean fashion. A quick and mobile WMS solution is essential for systemic and holistic thinking organizations.
2.Time management: Using an ERP software to quickly fulfil purchase orders while allocating the right person to the right work is a stepping stone in today’s world of agile transformation and business automation. This circle of virtue alone can reduce substantially human-centric errors, redundant data entry process, and other time-consuming chores.
3.Real-time monitoring & inventory tracking: Get rid of the tedious and inefficient practices such as manual replenishment or transfer of orders. Upgrade your 2.0 business software to a smart ERP system that allows you to track and report on resources in real time at the warehouse, at the floor, procurement, and shipping levels.
4.The dashboard in ERP acts as a central point for a number of functions: Production, Quality control, Supply Chain Planning, Warehouse Management, Finance, HR, Sales, Marketing, and Shop Floor Control are all easily accessible through the unified database and dashboard.
5.Quick & Accurate Analytics and Data: ERPs are meant to provide accurate information to authorized users working from any remote location; especially nowadays when most non-essential business are forced to stay close during lockdowns. Making informed decisions in the data driven age is essential for productivity, B2B and B2C relationships; be it with vendors, customers or among coworkers.
6.Visibility: Get a clear picture of your company’s performance. Real-time monitoring of your cash flow, balance sheet, and profit/loss. Learn about the company’s profitability and much more.
ChainDrive Apparel Management software has been at the forefront of retail business automation, order processing, stock control, predictive product planning and smart replenishment. The fully integrated applications allow tracking and monitoring, reporting, finance and cross-channel optimalization as intuitive as it gets; let alone the avant-garde CRM. Apparel Management’s typical features include: production, forecast and inventory, storage, order processing, supply chain management, allocation & sales, shipping, accounting, reporting and system management among many data-centric capabilities.
If you want to discover or learn more about smart Apparel ERP systems such as ChainDrive and how it can help you scale your hybrid retail operation and get ready for the New Normal, give us a call today or log on https://chaindrive.com/free-live-demo/ to book a courtesy demo with our apparel ERP software specialists.