#ERP for Plastic Components in India

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ERP Software for Plastic Manufacturing Industries

Plastic products are always in high demand, and these industries must deliver large quantities of their products. Maintaining heavy machinery, workers, and monitoring all departments is a difficult task; frequently, this massive production reduces product quality; this can occur due to human negligence or a lack of work process.

Because the quality of a product determines a company’s reputation, maintaining product quality is critical for any manufacturing company. Other challenges that the plastic manufacturing industries face include waste management and workforce management. To provide quality production and waste management in the plastics industry, software that allows all departments to operate from a single location is required.

PMTRACK ERP is the best ERP software for plastic manufacturing industries, and it is extremely useful when it comes to managing an enterprise and keeping track of all its resources and inventory for quick and seamless processes. PMTRACK ERP is a cloud-based ERP software solution that can streamline all processes and improve team collaboration. It can be accessed from any location at any time.

Why is a Plastic Manufacturing ERP Software required in the Plastic Industry?

We are all aware of how much the plastic industry has populated the world with various high end demands and usability. Plastic are a most common use and popular item in everyday life, with applications ranging from furniture to toys, pipe fittings, automobile parts, household items, gadgets, and construction.

Can we meet such a massive demand for plastic materials and products with real-time customer demands without a resource planning system in the manufacturing and processing plastic industries? That is a difficult question.

Manufacturers, whether small, medium-sized, or large, face a number of major challenges, including:

Inconsistency of the product that requires ERP for Plastic Components,

Fluctuating supply of plastic material and quality, and

Variation in raw material cost

This entire unpredictability can have an impact on the manufacturer’s ability to complete the real-time market supply and demand process while also managing costs.

The ERP system is the best possible solution for ensuring smooth and effective operation. In the current market, PMTRACK ERP is an Integrated ERP software solution for the plastics industry. The ERP system includes:

Appropriate product planning and forecasting,

Machine planning,

Lot and batch tracking, and

Timely production schedule management

Adding More to our Cloud ERP:

Improve your workstations: PMTRACK ERP Services are skilfully designed to make your work processes easier.

Smartly manage your inventory: As one of the leading ERP software providers in India, ERP software allows you to manage all of your inventories efficiently and effectively.

Timely Distribution: Punctuality is important in the manufacturing industry; timely distribution means great customer service and brand building activity, especially with Tech Cloud ERP on your side.

Finance Management: With PMTRACK ERP, you can cut unnecessary expenses, calculate ROI faster, and manage your finances.

Key benefits of PMTRACK ERP for Plastic Industry are:

Best ERP Software for Plastic Industry boosts plastic production efficiency, timeliness, and productivity while lowering losses and increasing profits. Accounting, inventory forecasting, and customer service management can all be improved by implementing a refined plastics ERP software system.

Why to invest in our PMTRACK ERP for plastic Production industry?

Reduced the Margin of Error

PMTRACK ERP for Plastic Components or Production enables you to input and track critical information and details during the design stage, allowing you to make accurate calculations that do not impact product quality or profits.

Control the machinery and equipment process.

PMTRACK ERP Software for the Plastics Manufacturing Industry Manage the tracking of the equipment’s and tools’ lifespans, allowing you to reschedule tool allocations and service or retool as needed.

Raw material monitoring and evaluation Inventory

PMTRACK ERP is a plastics-specific integrated ERP software solution. It assists plastic manufacturers in pre-planning the amount of raw materials to be purchased and reducing material waste during the manufacturing process of a plastic product. They can set proper production cost and waste targets with accurate data in hand.

Creates precise pricing

PMTRACK ERP assists in calculating the costing, billing of materials that can be ordered quickly, generating and delivering quotes in a frantic time frame to meet the customer’s demand and the business’s stability.

Production scheduling should be effectively managed.

PMTRACK ERP is the best ERP Software Provider for the Plastic Production Industry, assisting you in planning the most appropriate method of producing a specific design or product.

Allow you to schedule tasks, manage resources, and keep vital information on hand for immediate reproduction.

Make certain that the quality control mechanism is in place.

PMTRACK ERP manages the quality control process by storing batch-by-batch data and performing digital quality control. Backward and forward tracking or retracing must be smooth and distinct.

Improve Delivery times

PMTRACK Plastic Manufacturing ERP software effectively manages the workflow for plastic manufacturers in order to manage the arrival of goods within a limited time frame, manage the placement of repeated orders, and reduce time.

Immediate documentation Storage

PMTRACK Production ERP System software allows for the secure storage of vital information such as manufacturing, machinery or equipment specifications, product configurations, and packaging requirements; all communication (bills of material, sales orders, emails, purchase orders, and customer or supplier specifics) with external parties or stakeholders can be stored within the integrated CRM feature.

Here, PMTRACK ERP can understand what a plastic manufacturing industry requires and we provides always the best for our clients. With our advanced features, we are one among those who provides best ERP software for Plastic Industry.

PMTRACK ERP provides the best, ERP solution for the manufacturing industry in all India, to schedule a free demo, get in touch with our team at info@pmtrackerp.in

[timelineerpadmin]

Best ERP software for Manufacturing Foundry India

A manufacturing foundry thrives on precision, efficiency, and innovation. To meet the growing demands of industries like automotive and plastic manufacturing, foundries need state-of-the-art solutions to manage their operations.

With advanced ERP software, manufacturing foundries can automate tasks, monitor processes in real-time, and ensure consistent quality. Whether you're producing parts for the automotive industry or components for plastic manufacturing, ERP solutions are the backbone of modern foundry operations.Read More https://www.timeline-erp.com/in/industries/foundry/

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ERP for Plastic Components: Because plastic has become such an integral part of our daily lives, ERP for the Plastic Molding Industry is critical.

[lighthouseindiasoftware]

ERP stands for Enterprise Resource Planning. ERP software helps the industries to function smoothly, and eases the operations. Cloud ERP software shares various similarities with on-premise ERP software, except Cloud ERP is hosted on ERP vendor’s server rather than on-premise resources. Cloud ERP software uses the resources of vendor to provide services in various organizations.

What is on-premise ERP software?

On-premise ERP software in implemented on client’s site or premise. The ERP software uses the server space of client, and all the operations are done locally on client’s premise. On-premise ERP software are easy to modify, and easy to customize based on client’s requirements. The ERP software also puts all the control in client’s hand, and hence makes them liable for their data security. The client must be capable of safeguarding their data and security to avoid heavy losses.

What is Cloud ERP software?

As Cloud ERP software is hosted by ERP vendor and supports various organizations and businesses, Cloud ERP software supports better functionality than on-premise ERP software. All the important transactions and operations are done in real-time, hence Cloud based ERP software excels much better than on-premise ERP software.

Cloud based ERP software for manufacturing helps the industry to receive real-time information and data from sensors which can help avoiding various errors in the industry.

Components of Cloud-based ERP software

Cloud based ERP software involves sizable components to keep the software up and running. Functionality of cloud ERP software is based on these components; hence all the components are crucial. Modules or applications are chosen by the client’s organization according to their requirements and specific industry needs. Some of the cloud based ERP components are listed below:

Finance & Accounts

Customer Relationship Management (CRM)

Human Resource Management (HRM)

Procurement & Sales

Inventory Management

Supply Chain Management

Logistics and Movement

Quality Control or Management

Types of Cloud ERP softwareMulti-tenant SaaS

Multi-tenant SaaS is a single version of ERP software hosted by vendor and serves multiple client’s organizations. Same software is hosted on same server; the data of each organization is inaccessible to other organizations.

Single-tenant SaaS

A single-tenant SaaS is a single version of ERP software hosted by the vendor that serves only one organization. Client’s data is hosted on a private server and runs a unique instance of ERP software.

Private Cloud

An ERP software and service which hosted on private cloud and is not shared with any other organization.

Public Cloud

Multiple organizations share the same cloud space or cloud computing services. However, each organization’s data and information is inaccessible to other organization. Examples of public cloud include Amazon Web Services, Google Cloud, Oracle Cloud, and Microsoft Azure.

Hybrid ERP

A hybrid ERP software consists of cloud based ERP software and on-premise ERP software for computing, storage, and services.

Best Cloud-based ERP software

Lighthouse Cloud-based ERP software is the best cloud-based ERP software in India and across the globe. Implemented and serving myriad of organizations, Lighthouse cloud ERP software works flawlessly across all systems and industries. 35+ years of experience in designing and implementing ERP software, Lighthouse ERP provides excellent on-premise and cloud based ERP software. Lighthouse Cloud-based ERP software caters to all modern industry requirements, and renders exemplary services to the industries.

Our Cloud ERP software includes various features including Business Intelligence, Internet of Things, and Artificial Intelligence & Machine Learning. The ERP software meticulously analyses data and information of industry and provides various insights to work on. Lighthouse Cloud ERP is helping various industries that involve steel industry, manufacturing industry, plastic industry, textile industry, power transmission industry, and last but the least service based industry. Staggering implementations in various industries shows the excellence of Lighthouse Cloud ERP.

Best Cloud ERP Software

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Chemical Manufacturing Software Market Will Hit Big Revenues In Future | Datacor Chempax, IQMS ERP Software, Royal 4 Enterprise, Odoo

Advance Market Analytics published a new research publication on "Global Chemical Manufacturing Software Market Insights, to 2027" with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Chemical Manufacturing Software market was mainly driven by the increasing R&D spending across the world.

Fishbowl Manufacturing (United States), Deskera ERP (India), IQMS ERP Software (United States), Sage 100cloud (United States), Vicinity Manufacturing (United States), Intellect eQMS (United States), QuickBooks Enterprise (United States), BatchMaster ERP (United States), Odoo (Belgium), Datacor Chempax (United States), Sage Business Cloud Enterprise Management (United Kingdom), Royal 4 Enterprise (United States), Columbus Manufacturing (United States), Prodsmart (United States), Aquilon ERP (United States)

Get Free Exclusive PDF Sample Copy of This Research @ https://www.advancemarketanalytics.com/sample-report/111104-global-chemical-manufacturing-software-market#utm_source=OpenPRVinay

Scope of the Report of Chemical Manufacturing Software As digitization disrupts the chemical sector at a rapid pace, chemical production software is changing. Chemical manufacturing software is being used by a number of companies to improve their manufacturing operations and profits. Chemical Manufacturing Software is also in demand among end-users as a result of the rising demand for chemicals due to long-term demographics, government requirements, economic cycles, and novel uses. The chemical industry's constant developments force firms to adjust to changing circumstances.

May 6, 2020: Zycus, a global leader in A.I. driven Source-to-Pay suite, is pleased to announce the signing of a 3-year contract with the leader in Industrial Chemical Manufacturing in the United States.

The Global Chemical Manufacturing Software Market segments and Market Data Break Down are illuminated below: by Type (Enterprise Resource Planning (ERP), Product Data Management (PDM), Product Life Cycle Management (PLM), Computer Aided Design (CAD) Software, Computer Aided Manufacturing (CAM) Software, Computer-aided engineering (CAE), Others), Application (Large Enterprises, SMEs), End User Industry (Consumer Products, Polymers and Plastics, Specialty Chemicals, Others), Component (Software, Services (Professional Services and Managed Service)), Deployment Model (On-premise Solutions, Cloud-based Solutions)

Market Opportunities: • Rapid digitization in industries • Growing demand from developing countries

Market Drivers: • Increase in demand for streamlining business operations efficiency and transparency across various business hubs • Rising need for enterprise resource planning solutions and services from small and medium business

Market Trend: • Adoption of cloud-based infrastructure solutions and mobile applications

What can be explored with the Chemical Manufacturing Software Market Study? • Gain Market Understanding • Identify Growth Opportunities • Analyze and Measure the Global Chemical Manufacturing Software Market by Identifying Investment across various Industry Verticals • Understand the Trends that will drive Future Changes in Chemical Manufacturing Software • Understand the Competitive Scenarios - Track Right Markets - Identify the Right Verticals

Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa

Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.

Have Any Questions Regarding Global Chemical Manufacturing Software Market Report, Ask Our Experts@ https://www.advancemarketanalytics.com/enquiry-before-buy/111104-global-chemical-manufacturing-software-market#utm_source=OpenPRVinay

Strategic Points Covered in Table of Content of Global Chemical Manufacturing Software Market: Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Chemical Manufacturing Software market Chapter 2: Exclusive Summary - the basic information of the Chemical Manufacturing Software Market. Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Chemical Manufacturing Software Chapter 4: Presenting the Chemical Manufacturing Software Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis. Chapter 5: Displaying the by Type, End User and Region/Country 2016-2021 Chapter 6: Evaluating the leading manufacturers of the Chemical Manufacturing Software market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions (2022-2027) Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source

finally, Chemical Manufacturing Software Market is a valuable source of guidance for individuals and companies.

Read Detailed Index of full Research Study at @ https://www.advancemarketanalytics.com/buy-now?format=1&report=111104#utm_source=OpenPRVinay

Contact Us: Craig Francis (PR & Marketing Manager) AMA Research & Media LLP Unit No. 429, Parsonage Road Edison, NJ New Jersey USA - 08837 Phone: +1 (551) 333 1547

[pmtrack]

How ERP Solutions Can Improve Plastic Processing

Investing in an ERP solution for your plastic processing company may be the best approach to increasing productivity. An ERP system that is properly integrated into your plastic manufacturing company can significantly increase your overall production and sales.

Since its inception, India’s plastics industry has made significant strides. It is now one of the fastest-growing and most diverse industries. It employs approximately 4 million people and has over 30,000 processing units, 85-90 percent of which are small and medium-sized businesses.

As the plastics industry expands, managing operational and financial activities becomes increasingly difficult. The lengthy process includes several steps such as procurement, manufacturing, product distribution, channel management, cash flow, and outstanding payment and receipt aging. Quality control is another critical step, from raw materials to finished goods. ERP software for the plastics industry is one tool that can assist businesses in managing their entire business process.

Ideal ERP software employs a centralized database, allowing different departments to communicate with one another without the need to maintain data in multiple locations.ERP applications are all interconnected and can communicate with one another. The ERP system, in addition to providing simple and cost-effective software, assists plastic manufacturers in remaining statutory compliant. The software helps streamline operations and make better business decisions by providing real-time information. It is also useful in forecasting supply chain inventory in the future, which can help an organization increase its profitability.

PMTrack ERP software is an all-in-one solution tailored to the needs of plastic manufacturing companies. With out-of-the-box functionality, this comprehensive and flexible ERP solution supports industry best practices. It provides stock handling software solutions that are fully integrated, compliant, and easy to deploy. In addition, PMTrack ERP ensures on-time delivery, order accuracy, quality, and pricing.

Every segment of the plastics industry is covered by PMTrack ERP. Manufacturers of auto plastic components such as electric parts, computer peripherals, packaging parts, and auto parts, as well as woven fabric, woven and non-woven sacks and bags, and geosynthetics materials, are among its customers.

Here are the top six advantages of integrating an ERP solution into your plastic processing company:

#1. Reduce production costs

A properly installed ERP system will significantly reduce your plastic manufacturing company’s overall operating costs. Manual, time-consuming processes will be replaced by automated, streamlined processes that guarantee record-breaking production.

Because all processes are automated, the ERP solution reduces labor costs. Furthermore, the system reduces and possibly eliminates error rates, which significantly reduces losses.

It maintains an accurate inventory of all functions and efficiently integrates it with production planning. As a result, excess inventory is eliminated.

Improved visibility into optimization also assists management in making savings wherever possible, such as in warehousing costs.

#2.Processes are automated and streamlined for greater adaptability.

An ERP solution is ideal for increasing productivity by streamlining business processes and driving automation. This ensures that all data is available in a centralized location at all times, with complete visibility of all processes and functionalities.

With data provided by the ERP system, you will be able to account for all developments, designs, inventory, procurement, finance, production, sales, delivery, and more. For example, your plastic design team will be able to monitor production progress and notify the purchasing and finance departments when additional raw materials are required.

#3.Strategic decision making

This system enhances the company’s decision-making capabilities by providing comprehensive insight and visibility into each department and process required to make informed, precise decisions. You will also have access to key performance indicators such as total sales and sales margins.

This information will assist your company in remaining focused on its objectives and making timely internal decisions if necessary. Management can also use this data to improve day-to-day operations and processes.

#4.Respond to market conditions quicker

The plastics industry is expanding at an exponential rate, and new competitors are vying for a piece of the action. The ERP system will provide you with real-time data analysis to assist you in estimating, planning, and responding to changing market demands.

These system-generated reports will assist you in understanding different market demands and capitalizing on your customers’ purchasing trends.

The ERP system significantly reduces forecasting errors and allows you to capitalize on newly available opportunities sooner.

#5.Minimise waste

An ERP solution also allows you to identify and eliminate waste and inefficiencies in your processes. In general, the system works by grouping work together and combining existing similar projects to increase efficiency. This grouping method will reduce the overall waste generated during the plastic manufacturing process.

Consolidating materials and lowering their cost output while minimizing waste production increases your overall production output.

#6.Enhance customer satisfaction

ERP systems can provide accurate production planning, streamlined process scheduling, and improved inventory control. These processes allow manufacturers to improve their product on-delivery time, which is a critical performance metric.

This is one of the most effective ways to keep your customers happy. ERP system data will always allow you to make real-time decisions and get a more accurate picture of your inventory levels.

Here, PMTRACK ERP can understand what the plastic manufacturing industry requires and we provides always the best for our clients. With our advanced features, we are one of those who provide the best ERP software for Plastic Industry.

PMTRACK ERP provides the best, ERP solution for the a plastic manufacturing industry in India, to schedule a free demo, get in touch with our team at info@pmtrackerp.in

[osswalinfo]

ERP Software in India

ERP Software stands for Enterprise Resource Planning. ERP software provides a solid foundation for all industrial activities. Industries have a variety of complex activities and procedures that must be managed. ERP software makes precise use of all available resources in the industry to guarantee that these processes are completed properly and that the workflow is kept as smooth as possible. ERP software specializes in establishing a seamless chain of activities, which is essential in today’s industries.

All sectors are being impacted by digitalization, and companies require a solid digital solution that addresses those challenges. For these modern issues, ERP software is the ideal solution. ERP software for manufacturing, ERP software for steel, ERP software for plastics, and ERP software for construction are just a few examples of common ERP software. The main goal of deploying the Erp solution in your industry or corporation is to meet contemporary industry criteria.

The modules of enterprise resource planning software are quite important. Finance and accounting, inventory management, project management, production planning, and supply chain management are just a few of the components that make ERP software operate. These modules are linked together to establish a departmental and divisional network. All information and data are centrally stored on a server, allowing for quick access to information and data. This is why ERP software is so important for businesses.

We have earned a reputation as one of the finest ERP software providers in India because of our focused service of supplying world-class solutions throughout every industrial area and our proven history in the IT field. We are constantly delighted to discover that our services are valued by a variety of organizations throughout the world.

Read More>>https://osswalinfo.com/erp-software/

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Welcome To Tech Integra ERP

TI ERP - Enterprise Resource Planning software is an all in one integrated cloud-based ERP software solution with GST incorporation. Our ERP software has the capability to serve all kinds of organizations irrespective of size, age & capacity, we can deploy TI ERP into a large organization and even in SMEs with much ease and quick lead time without compromising on clients needs and efficiency of ERP software. Which is why, we are identified as one of the Best Customize ERP Software Providers in India.

Our TI ERP was introduced for manufacturing industries. With time we have gained customization expertise and wide knowledge into different verticals, we are capable of customizing ERP solution for any kind of industry & verticals.

Our custom erp software for retail, wholesale, trading, manufacturing for all industrial sectors like Textiles, Leather, Apparel, Food, Beverage, Wood, Paper, Printing, Petroleum, Coal, Chemicals, Plastics and Rubber, Nonmetallic mineral, Metals, Fabrication, Electronics, Electrical Equipment, Appliances, Components, Commodities, Transportation, Travel, Furniture, Miscellaneous. We don’t pitch standard Tech Integra ERP to industries without understanding their needs. So, Tech Integra ERP is known as Best Customized ERP Software for Manufacturing Industries in India.

Our ERP software is flexible and can be customized as required. Apart from being customization friendly, our TI ERP solutions is user-friendly as well and can be developed in any language.

It doesn’t require a user to learn any language or so, all it needs is just computer literacy which is why our clients recommend to their associates. One of the significant features is that unlike other ERP software in the market TI ERP doesn’t require a lot of data entry on daily basis. It is very user-friendly and runs with just a mouse click.

[prasanththampi]

IIBM ongoing exam answer sheets provided whatsapp 91 9924764558

MARKETING MANAGEMENT IIBM ONGOING EXAM ANSWER SHEETS PROVIDED WHATSAPP 91 9924764558

CONTACT: DR. PRASANTH MBA PH.D. DME MOBILE / WHATSAPP: +91 9924764558 OR +91 9447965521 EMAIL: prasanththampi1975@gmail.com WEBSITE: www.casestudyandprojectreports.com

Marketing Management Marketing Management Section A: Objective Type & Short Questions (30 marks)  This section consists of multiple choices & short answer type questions.    Answer all the questions.    Part One carries I mark each & Part II carries 5 marks each. Part One Multiple Choices: 1. It is a concept where goods are produced without taking into consideration the choices or tastes of customers. a. Marketing mix b. Production concept c. Marketing concept d. Relationship marketing 2. It involves individuals who buys products or services for personal use and not for manufacture or resale. a. Environment analysis b. Macro environment c. Micro environment d. Consumer 3. It is the groups of people who interact formally or informally influencing each other‟s attitudes& behavior. a. Consumer behavior b. Culture c. Reference groups d. Primary groups 4. The concept of the product that passes through various changes in its total life known as: a. Product life cycle b. Line stretching c. Consumer adoption d. Product 5. It refers to unique set of brand associations that brand strategist aspires to create or maintain: a. Branding b. Packaging c. Brand identity d. Brand image Examination Paper of Marketing Management 2 IIBM Institute of Business Management 6. It involves a pricing strategy that charges customers different prices for the same product or service. a. Promotional pricing b. Price discrimination c. Non price competition d. None of the above 7. It refers to an arrangement where another company through its own marketing channel sells the products of one producers. a. End customer b. Wholesaler c. Retailing d. Strategic channel alliance 8. It involves facility consisting of the means & equipments necessary for the movement of passengers of goods. a. Logistics b. Warehousing c. Transportation d. None of the above 9. The advertising which is used to inform consumers about a new product or feature & to build primary demands is known as: a. Advertising b. Informative advertising c. Persuasive advertising d. Advertising strategy 10. An art that predicts the likelihood of economic activity on the basis of certain assumptions: a. Compensation b. Sales forecasting c. Sales budgeting d. Selling policy Part Two: 1. Define Marketing Mix. 2. Discuss the concept of Benchmarking. 3. Write a short note on Target Marketing. 4. What do you understand by Pricing Strategy? END OF SECTION A Section B: Caselets (40 marks) Examination Paper of Marketing Management 3 IIBM Institute of Business Management  This section consists of Caselets.    Answer all the questions.   Each Caselet carries 20 marks.   Detailed information should form the part of your answer (Word limit 150 to 200 words).  Caselet 1 Ask the company top brass what „almost there‟ means. The answer: a premier Indian retail company that has come to be known as a specialty chain of apparel and accessories. With 52 product categories under one roof, Shoppers‟ Stop has a line-up of 350 brands. Set up and headed by former Corona employee, B. S. Nagesh, Shoppers‟ Stop is India‟s answer to Selfridges and Printemps. As it proudly announces, „We don‟t sell, we help you buy.‟ Back in 1991, there was the question of what to retail. Should it be a supermarket or a departmental store? Even an electronics store was considered. Finally, common sense and understanding won out. The safest bet, for the all-male team was to retail men‟s wear. They knew the male psyche and felt that they had discerning taste in men‟s clothing. The concept would be that of a lifestyle store in a luxurious space, which would make for a great shopping experience. The first Shoppers‟ Stop store took shape in Andheri, Mumbai, in October 1991, with an investment of nearly Rs. 20 lakh. The original concept that formed the basis of a successful marketing campaign for seven years is here to stay. And the result is an annual turnover of Rs. 160 crores and five stores, nine years later. Everything went right from the beginning, except for one strange happening. More than 60 per cent of the customers who walked into Shoppers‟ Stop in Mumbai were women. This gave rise to ideas. Soon, the store set up its women‟s section. Later, it expanded to include children‟s wear and then, household accessories. The second store in Bangalore came in 1995. The store at Hyderabad followed in 1998 with the largest area of 60,000 sq. ft. The New Delhi and Jaipur stores were inaugurated in 1999. All this while, the product range kept increasing to suit customer needs. The most recent experiment was home furnishings. Secure in the knowledge that organized retailing in global brands was still in its infancy in India, Shoppers‟ Stop laid the ground rules which the competition followed. The biggest advantage for Shoppers‟ Stop is that it knows how the Indian consumer thinks and feels while shopping. Yes, feeling – for in India, shopping remains an outing. And how does it compare itself to foreign stores? While it is not modeled on any one foreign retailer, the „basic construct‟ is taken from the experience of a number of successfully managed retail companies. It has leveraged expertise for a critical component like technology from all over the world, going as far as hiring expatriates from Littlewoods and using state-of-the-art ERP models. Shoppers‟ Stop went a step further by even integrating its financial system with the ERP model. Expertise was imported wherever it felt that expertise available in-house was inadequate. But the store felt there was one acute problem. A shortage of the most important resource of them all was trained humans. Since Indian business institutes did not have professional courses in retail management, people were hired from different walks of life and the training programme was internalized. By 1994, the senior executives at Shoppers‟ Stop were taking lectures at management institutes in Mumbai. The Narsee Monjee Institute of Management Studies (NMIMS) even restructured its course to include retail management as a subject. Getting the company access to the latest global retail trends and exchange of information with business greats was an exclusive membership to the Intercontinental Group of Department Stores (IGDS). It allows membership by invitation to one company from a country and Shoppers‟ Stop rubs shoulders with 29 of the hottest names in retailing – Selfridges from the UK, C.K. Tang from Singapore, Lamcy Plaza from Dubai and the like. With logistics I in place, the accent moved to the customer. Shoppers‟ Stop conducted surveys with ORG-MARG and Indian Market Research Bureau (IMRB) and undertook in-house wardrobe audits. The studies confirmed what it already knew. The Indian customer is still evolving and is very different from, say, a European customer, who knows exactly what he wants to purchase, walks up to a shelf, picks up the merchandise, pays and walks out. In India, customers like to touch and feel the merchandise, and scout for options. Also, the majority of Examination Paper of Marketing Management 4 IIBM Institute of Business Management Indian shoppers still prefer to pay in cash. So, transactions must be in cash as against plastic money used the world over. Additionally, the Indian customer likes being served – whether it is food, or otherwise. The company‟s customer profile includes people who want the same salesperson each time they came to the store to walk them through the shop floors and assist in the purchase. Others came with families, kids and maids in tow and expected to be suitably attended to. Still others wanted someone to carry the bags. So, the shops have self-help counters, with an assistant at hand for queries or help. The in-house wardrobe audit also helped with another facet of the business. It enabled Shoppers‟ Stop to work out which brands to stock, based on customer preferences. In fact, the USP of Shoppers‟ Stop lies in judiciously selected global brands, displayed alongside an in-house range of affordable designer wear. The line-up includes Levi‟s, Louis Philippe, Allen Solly, Walt Disney, Ray Ban and Reebok, besides in-house labels STOP and I. Brand selection is the same across the five locations, though the product mix may be somewhat city-based to accommodate cuts and styles in women‟s wear, as well as allowing for seasonal variations (winter in Delhi, for instance, is a case in point). Stocking of brands is based on popular demand – recently, Provogue, MTV Style, and Benetton have been added. In-house labels are available at competitive prices and target the value-for-money customer and make up around 12 per cent of Shoppers‟ Stop‟s business. Sometimes in-house brands plug the price gap in certain product categories. To cash in on this, the company has big plans for its in-house brands: from re-branding to repositioning, to homing in on product categories where existing brands are not strong. Competition between brands is not an issue, because being a trading house, all brands get equal emphasis. The in-house brand shopper is one who places immense trust in the company and the quality of its goods and returns for repeat buys. And the company reposed its faith in regular customers by including them in a concept called the First Citizen‟s Club (FCC). With 60,000 odd members, FCC customers account for 10 per cent of entries and for 34 per cent of the turnover. It was the sheer appeal of the experience that kept pulling these people back. Not one to let such an opportunity pass, the company ran a successful ad campaign (that talks about just this factor) in print for more than eight years. The theme is still the same. In 1999, a TV spot, which liked the shopping experience to the slowing down of one‟s internal clock and the beauty of the whole experience, was aired. More recently, ads that spell out the store‟s benefits (in a highly oblique manner) are being aired. The campaign is based on entries entered in the Visitors‟ Book. None of the ads has a visual or text – or any heavy handedly direct reference to the store or the merchandise. The ads only show shoppers having the time of their lives in calm and serene locales, or elements that make shopping at the store a pleasure – quite the perfect getaway for a cosmopolitan shopper aged between 25 and 45. The brief to the agency, Contract, ensured that brand recall came in terms of the shopping experience, not the product. And it has worked wonders. Value-addition at each store also comes in the form of special care with car parks, power backup, customer paging, alteration service and gift-wrapping. To top it all, cafes and coffee bars make sure that the customer does not step out of the store. In Hyderabad, it has even created a Food Court. Although the food counter was not planned, it came about as there was extra space of 67,000 sq. ft. Carrying the perfect experience to the shop floor is an attempt to stack goods in vast open spaces neatly. Every store has a generic structure, though regional customer variances are accounted for. Each store is on lease, and this is clearly Shoppers‟ Stop‟s most expensive resource proposition – renting huge spaces in prime properties across metros, so far totaling 210,000 sq. ft of retail space. Getting that space was easy enough for Shoppers‟ Stop, since its promoter is the Mumbai-based Raheja Group, which also owns 62 per cent of the share capital. Questions: 1. What are the significant factors that have led to the success of Shoppers‟ Stop? 2. How should Shoppers‟ Stop develop its demand forecasts? Examination Paper of Marketing Management 5 IIBM Institute of Business Management Caselet 2 The rise of personal computers in the mid 1980s spurred interest in computer games. This caused a crash in home Video game market. Interest in Video games was rekindled when a number of different companies developed hardware consoles that provided graphics superior to the capabilities of computer games. By 1990, the Nintendo Entertainment System dominated the product category. Sega surpassed Nintendo when it introduced its Genesis System. By 1993, Sega commanded almost 60 per cent of Video game market and was one of the most recognized brand names among the children. Sega‟s success was short lived. In 1995, Saturn (a division of General Motors) launched a new 32-bit system. The product was a miserable failure for a number of reasons. Sega was the primary software developer for Saturn and it did not support efforts by outside game developers to design compatible games. In addition, Sega‟s games were often delivered quite late to retailers. Finally, the price of the Saturn system was greater than other comparable game consoles. This situation of Saturn‟s misstep benefited Nintendo and Sony greatly. Sony‟s Play Station was unveiled in 1994 and was available in 70 million homes worldwide by the end of 1999. Its “Open design” encouraged the efforts of outside developers, resulting in almost 3,000 different games that were compatible with the PlayStation. It too featured 32-bit graphics that appealed to older audience. As a result, at one time, more than 30 per cent of PlayStation owners were over 30 years old. Nintendo 64 was introduced in 1996 and had eye-popping 64-bit graphics and entered in more than 28 million homes by 1999. Its primary users were between the age of 6 and 13 as a result of Nintendo‟s efforts to limit the amount of violent and adult-oriented material featured on games that can be played on its systems. Because the company exercised considerable control over software development, Nintendo 64 had only one-tenth the number of compatible games as Sony‟s PlayStation did. By 1999, Sony had captured 56 per cent of the video game market, followed by Nintendo with 42 per cent. Sega‟s share had fallen to a low of 1%. Hence, Sega had two options, either to concede defeat or introduce an innovative video machine that would bring in huge sales. And Sega had to do so before either Nintendo or Sony could bring their next-generation console to market. The Sega Dreamcast arrived in stores in September 1999 with an initial price tag of $199. Anxious gamers placed 300,000 advance orders, and initial sales were quite encouraging. A total of 1.5 million Dreamcast machines were bought within the first four months, and initial reviews were positive. The 128-bit system was capable of generating 3-D visuals, and 40 different games were available within three months of Dream cast‟s introduction. By the end of the year, Sega had captured a market share to 15 per cent. But the Dreamcast could not sustain its momentum. Although its game capabilities were impressive, the system did not deliver all the functionality Sega had promised. A 56K modem (which used a home phone line) and a Web browser were meant to allow access to the Internet so that gamers could play each other online, surf the Web, and visit the Dreamcast Network for product information and playing tips. Unfortunately, these features either were not immediately available or were disappointing in their execution. Sega was not the only one in having the strategy of adding functionality beyond games. Sony and Nintendo followed the same approach for their machines introduced in 1999. Both Nintendo‟s Neptune and Sony‟s PlayStation 2 (PS2) were built on a DVD platform and featured a 128-bit processor. Analysts applauded the move to DVD because it is less expensive to produce and allows more storage than CDs. It also gives buyers the ability to use the machine as CD music player and DVD movie player. As Sony marketing director commented, “The full entertainment offering from Play Station 2 finitely appeals to a much broader audience. I have friends in their 30s who bought it not only because it‟s a gaming system for their kids, but also a DVD for them.” In addition, PlayStation 2 is able to play games developed for its earlier model that was CD-based. This gives the PS2 an enormous advantage in the number of compatible game titles that were immediately available to gamers. Further enhancing the PS2‟s appeal is its high-speed modem and allows the user‟s easy access to the Internet through digital cable as well as over telephone lines. This gives Sony the ability to distribute movies, music, and games directly to PS2 consoles. “We are positioning this as an all-round entertainment player,” commented Ken Kutaragi, the head of Sony Computer Entertainment. However, some prospective customers were put off by the console‟s initial price of $360. Shortly after the introduction of Neptune, Nintendo changed its strategies and announced the impending release of its newest game console, The GameCube. However, unlike the Neptune, the GameCube would not run Examination Paper of Marketing Management 6 IIBM Institute of Business Management on a DVD platform and also would not initially offer any online capabilities. It would be more attractively priced at $199. A marketing vice president for Nintendo explained the company‟s change in direction, “We are the only competitor whose business is video games. We want to create the best gaming system.” Nintendo also made the GameCube friendly for outside developers and started adding games that included sports titles to attract an older audience. Best known for its extra ordinary successes with games aimed at the younger set, such as Donkey Kong, Super Mario Bros, and Pokemon, Nintendo sought to attract older users, especially because the average video game player is 28. Youthful Nintendo users were particularly pleased to hear that they could use their handheld Game Boy Advance systems as controllers for the GameCube. Nintendo scrambled to ensure there would be an adequate supply of Game Cubes on the date in November 2001, when they were scheduled to be available to customers. It also budgeted $450 million to market its new product, as it anticipated stiff competition during the holiday shopping season. With more than 20 million PlayStation 2 sold worldwide, the GameCube as a new entry in the video game market would make the battle for market share even more intense. For almost a decade, the video game industry had only Sega, Nintendo, and Sony; just three players. Because of strong brand loyalty and high product development costs, newcomers faced a daunting task in entering this race and being competitive. In November 2001, Microsoft began selling its new Xbox, just three days before the GameCube made its debut. Some observers felt the Xbox was aimed to rival PlayStation 2, which has similar functions that rival Microsoft‟s Web TV system and even some lower level PCs. Like the Sony‟s PlayStation 2, Xbox was also built using a DVD platform, but it used an Intel processor in its construction. This open design allowed Microsoft to develop the Xbox in just two years, and gave developers the option of using standard PC tool for creating compatible games. In addition, Microsoft also sought the advice of successful game developers and even incorporated some of their feedback into the design of the console and its controllers. As a result of developers‟ efforts, Microsoft had about 20 games ready when the Xbox became available. By contrast, the GameCube had only eight games available. Microsoft online strategy was another feature that differentiated of the Xbox from the GameCube. Whereas Nintendo had no immediate plans for Web-based play, the Xbox came equipped with an Ethernet port for broadband access to Internet. Microsoft also announced its own Web-based network on which gamers can come together for online head-to head play and for organized online matches and tournaments. Subscribers to this service were to pay a small monthly fee and must have high-speed access to the Internet. This is a potential drawback considering that a very low percentage of households world over currently have broadband connections. By contrast Sony promoted an open network, which allows software developers to manage their own games, including associated fees charged to users. However, interested players must purchase a network adapter for an additional $39.99. Although game companies are not keen on the prospect of submitting to the control of a Microsoft-controlled network, it would require a significant investment for them to manage their own service on the Sony-based network. Initially the price of Microsoft‟s Xbox was $299. Prior to the introduction of Xbox, in a competitive move Sony dropped the price of the PlayStation 2 to $299. Nintendo‟s GameCube already enjoyed a significant price advantage, as it was selling for $100 less than either Microsoft or Sony products. Gamers eagerly snapped up the new consoles and made 2001 the best year ever for video game sales. For the first time, consumers spent $9.4 billion on video game equipment, which was more than they did at the box office. By the end of 2001 holiday season, 6.6 million PlayStation 2 consoles had been sold in North America alone, followed by 1.5 million Xbox units and 1.2 million Game Cubes. What ensued was an all out price war. This started when Sony decided to put even more pressure on the Microsoft‟s Xbox by cutting the PlayStation 2 price to $199. Microsoft quickly matched that price. Wanting to maintain its low-price status, Nintendo in turn responded by reducing the price of its the GameCube by $50, to $149. By mid 2002, Microsoft Xbox had sold between 3.5 and 4 million units worldwide. However, Nintendo had surpassed Xbox sales by selling 4.5 million Game Cubes. Sony had the benefit of healthy head start, and had shipped 32 million PlayStation 2s. However, seven years after the introduction of original PlayStation, it was being sold in retail outlets for a mere $49. It had a significant lead in terms of numbers of units in homes around the world with a 43 per cent share. Nintendo 64 was second with 30 per cent, followed by Sony PlayStation 2 with 14 per cent. The Xbox and GameCube each claimed about 3 per cent of the market, with Sega Dreamcast comprising the last and least market share of 4.7 per cent. Sega, once an industry leader, announced in 2001 that it had decided to stop producing the Dreamcast and other video game hardware components. The company said it would develop games for its competitors‟ consoles. Thus Sega Examination Paper of Marketing Management 7 IIBM Institute of Business Management slashed the price of the Dreamcast to just $99 in an effort to liquidate its piled up inventory of more than 2 million units and immediately began developing 11 new games for the Xbox, four for PlayStation 2, and three for Nintendo‟s Game Boy Advance. As the prices of video game consoles have dropped, consoles and games have become the equivalent of razors and blades. This means the consoles generate little if any profit, but the games are a highly profitable proposition. The profit margins on games are highly attractive, affected to some degree by whether the content is developed by the console maker (such as Sony) or by an independent game publisher (such as Electronic Arts). Thus, the competition to develop appealing, or perhaps even addictive, games may be even more intense than the battle among players to produce the best console. In particular, Nintendo, Sony, and Microsoft want games that are exclusive to their own systems. With that in mind, they not only rely on large in-house staffs that design games but they also pay added fees to independent publishers for exclusive rights to new games. The sales of video games in 2001 rose to 43 per cent, compared to just 4 per cent increase for computer-based games. But computer game players are believed to be a loyal bunch, as they see many advantages in playing games on their computers rather than consoles. For one thing, they have a big advantage of having access to a mouse and a keyboard that allow them to play far more sophisticated games. In addition, they have been utilizing the Internet for years to receive game updates and modifications and to play each other over the Web. Sony and Microsoft are intent on capturing a portion of the online gaming opportunity. Even Nintendo has decided to make available a modem that will allow GameCube users to play online. As prices continue to fall and technology becomes increasingly more sophisticated, it remains to be seen whether these three companies can keep their names on the industry‟s list of “high scorers”. Questions: 1. Considering the concept of product life cycle, where would you put video games in their life cycle? 2. Should video game companies continue to alter their products to include other functions, such as email? END OF SECTION B Section C: Applied Theory (30 marks)  This section consists of Applied Theory Questions.    Answer all the questions.   Each question carries 15 marks.   Detailed information should form the part of your answer (Word limit 200-250 words).   1. What do you understand by product life cycle? Discuss implications and limitations of product life cycle concept. 2. Describe role of marketing channels. List the different types of marketing channels. END OF SECTION C S-2-250613

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Factory Automation And Industrial Controls Market Key Industry Developments 2017 – 2027

Automation refers to the use of information technology in combination with mechanical technology for manufacturing processes to create an efficient and smart manufacturing infrastructure. Factory automation & industrial controls systems can help in decreasing the operational cost of manufacturing. They also help in standardizing the manufacturing process for improving quality. The initial front end cost of the setup is high. However, in the long run, investment in automation can help any firm save on manpower cost by reducing labour in factories and quality control and auditing and minimizing the cost of rework as robots are highly effective and low on errors. Use of automation also increases the goodwill of the company as the end product almost always has a quality finish.

However, due to high capital expenditure and backlash from worker unions, the penetration of factory automation and industrial controls is not growing at an expected pace. Since the developed nations, especially US and Europe, are witnessing a slowing down, the sales of most of the traditional manufacturing companies has slowed down too. This is precisely why many companies are in two minds regarding the decision to invest in automation.

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Factory Automation & Industrial Controls Market:Market Dynamics

The main factor behind the growth of the factory automation & industrial controls market is growing use of automation in industries. The growing need to use better technology equipment to gain better results is leading to the growth of the factory automation and industrial controls market. Products made using automation do not only have improved quality, they are also produced at a decreased operational cost, increasing the overall profitability margin of the product. Automation also helps in saving energy. Other factors promoting the growth of factory automation & industrial controls market are need for high yield and production, scarcity of labour and enhanced focus on increasing efficiency and accuracy to achieve high yield and productivity. Automation has become an important component of the manufacturing, power, oil & gas, mining, railway and shipping industries and thus, the growth of these industries will also contribute towards the growth of the global factory automation & Industrial Controls market. Moreover, government initiatives to help industries adopt new technologies will also boost the market of factory automation & industrial controls market over the forecast period.

However, the high initial cost of installation of factory automation & industrial controls systems and lack of awareness regarding the quality of finished products made using automation can act as a restraint for the global factory automation & industrial controls market. Other than this, the limited availability of skilled professionals for the implementation of automation and control processes can also act as a restraint for this market.

Factory Automation & Industrial Controls Market:Market Segmentation

The automation & industrial controls market can be segmentedon the basis of the product used as follows:

Field devices

Industrial Control Systems

Manufacturing Execution Systems (MES)

Enterprise Resource Planning (ERP)

Product Lifecycle Management (PLM)

The segmentation of Factory Automation & Industrial Controls Market can be doneon the basis of End-User Industry as follows:

Automotive

Oil & Gas

Plastic

Power

Chemical & Petrochemical

Mining & Metals

Others

Factory Automation & Industrial Controls Market: Regional Outlook

Europe holds a major share in the global Factory Automation & Industrial Controls market. It is followed by Asia-Pacific, North America and Latin America. Europe is projected to be a major consumer owing to the extensive applications of Factory Automation & Industrial Controls in the automotive industry. Similarly, rising automotive and manufacturing industries in APAC region, especially in countries such as China, India and Japan, are also expected to give a significant boost to factory automation and industrial control market. With increasing country integration or globalisation, which is evident from the increase in international trade and inbound-outbound FDI, positive growth in one economy leads to positive growth in correlated economies. Increase in industrial production in countries, such as China, India and Germany and strong growth purchase manager index numbers from Australia, China and UK will influence the growth of end-user industries in Asia Pacific, which in turn, will influence the demand for Factory Automation & Industrial Controls systems in the region during the forecast period. Rest of the world market is estimated to account for a relatively small share of the Factory Automation & Industrial Controls market.

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Factory Automation & Industrial Controls Market: Market Participants

Some of the examples of the market participants identified across the value chain of the global Factory Automation & Industrial Controls Market are:

Honeywell International Inc

ABB Ltd

Siemens AG

Aspen Technology Inc.

Emerson Electric Company

Bosch Automation

Rockwell Automation, Inc

Schneider Electric

General Electric Co

Mitsubishi Electric Corporation

Yokogawa Electric Corporation

[pmtrack]

How ERP Solutions Can Improve Plastic Processing

Investing in an ERP solution for your plastic processing company may be the best approach to increasing productivity. An ERP system that is properly integrated into your plastic manufacturing company can significantly increase your overall production and sales.

Since its inception, India’s plastics industry has made significant strides. It is now one of the fastest-growing and most diverse industries. It employs approximately 4 million people and has over 30,000 processing units, 85-90 percent of which are small and medium-sized businesses.

As the plastics industry expands, managing operational and financial activities becomes increasingly difficult. The lengthy process includes several steps such as procurement, manufacturing, product distribution, channel management, cash flow, and outstanding payment and receipt aging. Quality control is another critical step, from raw materials to finished goods. ERP software for the plastics industry is one tool that can assist businesses in managing their entire business process.

Ideal ERP software employs a centralized database, allowing different departments to communicate with one another without the need to maintain data in multiple locations.ERP applications are all interconnected and can communicate with one another. The ERP system, in addition to providing simple and cost-effective software, assists plastic manufacturers in remaining statutory compliant. The software helps streamline operations and make better business decisions by providing real-time information. It is also useful in forecasting supply chain inventory in the future, which can help an organization increase its profitability.

PMTrack ERP software is an all-in-one solution tailored to the needs of plastic manufacturing companies. With out-of-the-box functionality, this comprehensive and flexible ERP solution supports industry best practices. It provides stock handling software solutions that are fully integrated, compliant, and easy to deploy. In addition, PMTrack ERP ensures on-time delivery, order accuracy, quality, and pricing.

Every segment of the plastics industry is covered by PMTrack ERP. Manufacturers of auto plastic components such as electric parts, computer peripherals, packaging parts, and auto parts, as well as woven fabric, woven and non-woven sacks and bags, and geosynthetics materials, are among its customers.

Here are the top six advantages of integrating an ERP solution into your plastic processing company:

#1. Reduce production costs

A properly installed ERP system will significantly reduce your plastic manufacturing company’s overall operating costs. Manual, time-consuming processes will be replaced by automated, streamlined processes that guarantee record-breaking production.

Because all processes are automated, the ERP solution reduces labor costs. Furthermore, the system reduces and possibly eliminates error rates, which significantly reduces losses.

It maintains an accurate inventory of all functions and efficiently integrates it with production planning. As a result, excess inventory is eliminated.

Improved visibility into optimization also assists management in making savings wherever possible, such as in warehousing costs.

#2.Processes are automated and streamlined for greater adaptability.

An ERP solution is ideal for increasing productivity by streamlining business processes and driving automation. This ensures that all data is available in a centralized location at all times, with complete visibility of all processes and functionalities.

With data provided by the ERP system, you will be able to account for all developments, designs, inventory, procurement, finance, production, sales, delivery, and more. For example, your plastic design team will be able to monitor production progress and notify the purchasing and finance departments when additional raw materials are required.

#3.Strategic decision making

This system enhances the company’s decision-making capabilities by providing comprehensive insight and visibility into each department and process required to make informed, precise decisions. You will also have access to key performance indicators such as total sales and sales margins.

This information will assist your company in remaining focused on its objectives and making timely internal decisions if necessary. Management can also use this data to improve day-to-day operations and processes.

#4.Respond to market conditions quicker

The plastics industry is expanding at an exponential rate, and new competitors are vying for a piece of the action. The ERP system will provide you with real-time data analysis to assist you in estimating, planning, and responding to changing market demands.

These system-generated reports will assist you in understanding different market demands and capitalizing on your customers’ purchasing trends.

The ERP system significantly reduces forecasting errors and allows you to capitalize on newly available opportunities sooner.

#5.Minimise waste

An ERP solution also allows you to identify and eliminate waste and inefficiencies in your processes. In general, the system works by grouping work together and combining existing similar projects to increase efficiency. This grouping method will reduce the overall waste generated during the plastic manufacturing process.

Consolidating materials and lowering their cost output while minimizing waste production increases your overall production output.

#6.Enhance customer satisfaction

ERP systems can provide accurate production planning, streamlined process scheduling, and improved inventory control. These processes allow manufacturers to improve their product on-delivery time, which is a critical performance metric.

This is one of the most effective ways to keep your customers happy. ERP system data will always allow you to make real-time decisions and get a more accurate picture of your inventory levels.

Here, PMTRACK ERP can understand what the plastic manufacturing industry requires and we provides always the best for our clients. With our advanced features, we are one of those who provide the best ERP software for Plastic Industry.

PMTRACK ERP provides the best, ERP solution for the a plastic manufacturing industry in India, to schedule a free demo, get in touch with our team at info@pmtrackerp.in

[pmtrack]

ERP Software for Plastic Manufacturing Industries

Plastic products are always in high demand, and these industries must deliver large quantities of their products. Maintaining heavy machinery, workers, and monitoring all departments is a difficult task; frequently, this massive production reduces product quality; this can occur due to human negligence or a lack of work process.

Because the quality of a product determines a company’s reputation, maintaining product quality is critical for any manufacturing company. Other challenges that the plastic manufacturing industries face include waste management and workforce management. To provide quality production and waste management in the plastics industry, software that allows all departments to operate from a single location is required.

PMTRACK ERP is the best ERP software for plastic manufacturing industries, and it is extremely useful when it comes to managing an enterprise and keeping track of all its resources and inventory for quick and seamless processes. PMTRACK ERP is a cloud-based ERP software solution that can streamline all processes and improve team collaboration. It can be accessed from any location at any time.

Why is a Plastic Manufacturing ERP Software required in the Plastic Industry?

We are all aware of how much the plastic industry has populated the world with various high end demands and usability. Plastic are a most common use and popular item in everyday life, with applications ranging from furniture to toys, pipe fittings, automobile parts, household items, gadgets, and construction.

Can we meet such a massive demand for plastic materials and products with real-time customer demands without a resource planning system in the manufacturing and processing plastic industries? That is a difficult question.

Manufacturers, whether small, medium-sized, or large, face a number of major challenges, including:

Inconsistency of the product that     requires ERP for Plastic Components,

Fluctuating supply of plastic material and     quality, and

Variation in raw material cost

This entire unpredictability can have an impact on the manufacturer’s ability to complete the real-time market supply and demand process while also managing costs.

The ERP system is the best possible solution for ensuring smooth and effective operation. In the current market, PMTRACK ERP is an Integrated ERP software solution for the plastics industry. The ERP system includes:

Appropriate product planning and forecasting,

Machine planning,

Lot and batch tracking, and

Timely production schedule management

Adding More to our Cloud ERP:

Improve your workstations: PMTRACK ERP Services are skilfully designed to make your work processes easier.

Smartly manage your inventory: As one of the leading ERP software providers in India, ERP software allows you to manage all of your inventories efficiently and effectively.

Timely Distribution: Punctuality is important in the manufacturing industry; timely distribution means great customer service and brand building activity, especially with Tech Cloud ERP on your side.

Finance Management: With PMTRACK ERP, you can cut unnecessary expenses, calculate ROI faster, and manage your finances.

Key benefits of PMTRACK ERP for Plastic Industry are:

Best ERP Software for Plastic Industry boosts plastic production efficiency, timeliness, and productivity while lowering losses and increasing profits. Accounting, inventory forecasting, and customer service management can all be improved by implementing a refined plastics ERP software system.

Why to invest in our PMTRACK ERP for plastic Production industry?

Reduced the Margin of Error

PMTRACK ERP for Plastic Components or Production enables you to input and track critical information and details during the design stage, allowing you to make accurate calculations that do not impact product quality or profits.

Control the machinery and equipment process.

PMTRACK ERP Software for the Plastics Manufacturing Industry Manage the tracking of the equipment’s and tools’ lifespans, allowing you to reschedule tool allocations and service or retool as needed.

Raw material monitoring and evaluation Inventory

PMTRACK ERP is a plastics-specific integrated ERP software solution. It assists plastic manufacturers in pre-planning the amount of raw materials to be purchased and reducing material waste during the manufacturing process of a plastic product. They can set proper production cost and waste targets with accurate data in hand.

Creates precise pricing

PMTRACK ERP assists in calculating the costing, billing of materials that can be ordered quickly, generating and delivering quotes in a frantic time frame to meet the customer’s demand and the business’s stability.

Production scheduling should be effectively managed.

PMTRACK ERP is the best ERP Software Provider for the Plastic Production Industry, assisting you in planning the most appropriate method of producing a specific design or product.

Allow you to schedule tasks, manage resources, and keep vital information on hand for immediate reproduction.

Make certain that the quality control mechanism is in place.

PMTRACK ERP manages the quality control process by storing batch-by-batch data and performing digital quality control. Backward and forward tracking or retracing must be smooth and distinct.

Improve Delivery times

PMTRACK Plastic Manufacturing ERP software effectively manages the workflow for plastic manufacturers in order to manage the arrival of goods within a limited time frame, manage the placement of repeated orders, and reduce time.

Immediate documentation Storage

PMTRACK Production ERP System software allows for the secure storage of vital information such as manufacturing, machinery or equipment specifications, product configurations, and packaging requirements; all communication (bills of material, sales orders, emails, purchase orders, and customer or supplier specifics) with external parties or stakeholders can be stored within the integrated CRM feature.

Here, PMTRACK ERP can understand what a plastic manufacturing industry requires and we provides always the best for our clients. With our advanced features, we are one among those who provides best ERP software for Plastic Industry.

PMTRACK ERP provides the best, ERP solution for the manufacturing industry in all India, to schedule a free demo, get in touch with our team at info@pmtrackerp.in

[cloud9technologies2]

Features of ERP Software for the Plastic Industry

The planning and control of the intra-company and extra-company logistics for the plastics industry create a great challenge for ERP systems. Characteristics of ERP handling in the Plastics Industry manufacturing procedures like die casting or extrusion are broadly used in the industry.

The plastics manufacturing industry faces unique difficulty in terms of producing diverse products sourced in smaller quantities from a larger base of raw goods suppliers. Some of the keys challenges for plastics manufacturers are volatile raw material costs, different variations of products, manufacturing compliances, dropping wastages, etc.ERP Software For Plastic manufacturers industry requires efficient inventory management, planning and forecasting, machine maintenance, lot and batch tracking in production, etc. to meet and exceed customer demands.

Finally, many companies in the plastics industry are subject to further requirements from their customers ‘side which have great power on ERP usage: Thus, automotive suppliers frequently have to support very complex packing system or suppliers for medical engineering companies must be able to guarantee a consistent retrace ability of components.

Why we need ERP software for a Plastic Industry:

Manage Quality

The main concern for plastic manufacturers is to create products of higher quality because any defect that will happen in the plastic can deploy or damage the whole production in which those products of plastics will be used. ERP Software for the plastic industry enables worth checks for the manufacturers at a variety of processes in plastic production such as refining, polymerization, polycondensation, disappearing, and adding various chemicals, etc.

Reduced margin of mistake

Even a minuscule mistake can cost businesses very much. Error at any stage of production or mislaid information about the customer’s requirements can be lost business a lot of money. ERP enables plastic manufacturers to stay a better track of all these essential details and ensure that there is no capacity for errors.

Efficient production organization arrangement

Most orders come with a dissimilar set of production challenges and requirements. Manufacturing ERP software can help plan a well-organized way to produce a specific design. ERP software can allow the manufacturer to schedule tasks and manage income most capably.

Customer Loyalty

It’s very important to maintain a good connection with the clients which is why most strong ERP Software for the plastic industry offers a complete customer relationship managing software.

Total Track of products

Tracking is really important to get a whole view of what is an occurrence in the business. The ERP software gives all the essential information about the reception of raw materials, their assembly, their shipping to customers, their in-house transfers, etc. This characteristic also helps to identify whether the product is being stocked or moved out of the store, etc.

Planning and Scheduling

A good ERP Software for the plastic industry can faultlessly schedule production orders, rapidly resolve bottleneck, analyze any contingency, recognize material and main and secondary equipment conflict and remove the need for physical data input or spreadsheet.

Completely integrated

ERP software integrates and automates all the essential business processes of a company. It enables automation of long processes and improves their general efficiency that helps the organization make informed business decisions.

Thus using ERP Software for the plastic manufacturing industry all the processed required in the manufacturing can be done correctly with no chances of error. In the ending, just keep in mind that with the correct ERP below its belt, you can understand its full potential and capability. PM TRACK provides the best ERP solution for the plastic manufacturing industry in all over India.

To schedule a free demo, get in touch with our team  info@cloud9technologies.in