As the plastic manufacturing industry is experiencing some unique challenges and opportunities, many companies are turning to ERP to boost growth and profitability. Still, CEOs are somewhat unsure about the actual benefits of implementing a modern ERP solution. This article will provide some insights into this issue.
What manufacturers look for in an ERP Solution
And according to Aberdeen Group, cloud ERP’s time has come. There are TOP ERP selection criteria for Manufacturers.
There are critical questions that you, as a CEO of a plastic manufacturing company, needs to consider:
- What are your annual benefits if you put in place the implementation plan?
- What are your annual benefits by process area if you put in place the implementation plan?
- What are your annual benefits by category if you put in place the implementation plan?
Benefits of implementing ERP for a plastic manufacturing company
If the business value estimate input is within your range:
Then your benefit summary if you make your decision to implement Infor Cloudsuite Industrial, a typical modern Cloud ERP system, is:
And the annual benefit is approximately ranged from $95,359 to $126,649. Please note that the figure is based upon source of American Productivity & Quality Center (APQC) industry benchmarks, S&P Capital IQ, Industry reports, Infor Value Engineering analysis and due-diligence is required for more accurate estimates.
Here below is benefit defined for each area.
And you can dig deeper into each area for further details.
For more information, please request a free ERP demo.