15 Best ERP Solutions for Manufacturers in 2024

Do you know there are over 40 million small to medium businesses, including manufacturers in India, who have no idea how to efficiently collect data and use it for decision-making? They still rely on conventional software like Tally or spreadsheets to manage their data. When it comes to the manufacturing industry, data management and decision-making are just two critical aspects of a business. There’s much more that manufacturing businesses need to focus on, from efficient production planning to supply chain management, to stay ahead in the rapidly evolving manufacturing industry.

Now, the question is how a manufacturing firm can improve its manufacturing efficiency.

Implementing the right ERP systems can make a significant difference in how manufacturers manage resources, access data in real-time, improve supply chain visibility, streamline operations, and make informed decisions. However, the thing is, not all enterprise resource planning systems are created equally. It means you can’t just deploy an ERP in your manufacturing enterprise and expect extraordinary results. The ERP solution you use must be advanced and customised to meet all your business needs.

This article will provide you recommendations for top ERP for manufacturers. We have conducted in-depth research and also covered the cost comparison to help you confidently choose the perfect ERP solution.

Exploring the Benefits of Implementing ERP Systems in Manufacturing

Before discovering the top industrial ERP software for manufacturers, let’s learn what exactly these systems can offer your manufacturing firm. The following discussed are some amazing advantages of implanting ERP systems in manufacturing:

• Enhanced Resource Management: ERP can facilitate manufacturing resource planning, allowing manufacturers to allocate resources optimally, further leading to reduced waste, optimised production, and also lower operational costs.
• Improved Supply Chain Visibility: Now that ERP facilitates real-time tracking, manufacturers can monitor their firm’s supply chain and predict disruptions or damaged products, improving supply chain management.
• Real-Time Data Tracking: Using an ERP solution for your manufacturing facility helps you gain real-time data insights that will assist you in decision-making, identify bottlenecks and improve production processes.
• Streamlined Operations: An ERP system can automate repetitive processes in your manufacturing business, such as inventory management, order processing, and scheduling, ensuring smoother day-to-day operations.
• Better Compliance and Reporting: Manufacturing software is usually equipped with features like audit trails and reporting capabilities, helping your business comply with stringent safety and regulatory standards.​

Discovering 15 Best ERP Tools for Manufacturers

Are you considering implementing an ERP system in your manufacturing facility? Are you searching the market for the right ERP software that can adhere to all your business requirements while improving efficiency, reducing cost, and increasing productivity? In this section, we have put together 15 best ERP tools for manufacturing:

1. SAP S/4HANA

A leader in the ERP market, SAP S/4HANA is a competitive and robust modern-day ERP platform available in the cloud. Not only will it provide real-time insights into your manufacturing processes, but it will also facilitate quick adjustments to demand changes and informed decision-making.

2. Oracle NetSuite

Ideal for businesses of all sizes, NetSuite ERP is one of the first manufacturing ERP systems to offer mobile ERP. It integrates robust financial management, CRM, inventory management, supply chain management, and real-time analytics, all within its full suite of manufacturing applications.

3. Infor CloudSuite Industrial (SyteLine)

Previously known as SyteLine, Infor’s ERP is a robust ERP software tailored to complex manufacturing needs, such as production scheduling, project management, and supply chain visibility. It’s known for its scalability and user-friendly interface, making it compatible with medium to large manufacturing enterprises.

4. Microsoft Dynamics 365 Business Central

A flexible ERP solution, Microsoft Dynamics 365 Business Central offers integrated manufacturing, finance, and sales solutions. In addition, it can be seamlessly integrated with other Microsoft tools and offers real-time cloud access.

5. Acumatica Cloud ERP

One of the most popular ERP solutions, Acumatica ERP’s unique consumption-based licensing enables manufacturers to scale the software as they grow. Acumatica Cloud ERP is an excellent choice if you are looking for innovation and technology to level up your manufacturing business.

6. Odoo ERP

As an open-source ERP solution with a modular structure, Odoo allows manufacturers to start with a simple setup and add functionalities whenever needed. It provides access to integrated apps for production planning, CRM, sales, inventory, and more, offering great flexibility.

7. Epicor Kinetic

Focused on manufacturing, Epicor Kinetic is equipped with a deep and comprehensive suite of tools that help companies manage supply chains, automate production, and improve manufacturing resource planning. Navigating the intricate demands of dynamic manufacturing, it offers specialised solutions for different manufacturing verticals.

8. SAP Business One

Developed for small to medium enterprises, SAP Business One provides finance, sales, and supply chain management tools. What makes it a popular choice among manufacturers is its user-friendly interface and real-time insights into manufacturing processes.

9. Zoho ERP

Known for its flexibility, Zoho ERP allows customisation and integration across various manufacturing business processes. It is particularly favoured by startups and SMEs for its affordability and efficiency.

10. Sage Business Cloud X3

Sage Business Cloud X3 or Sage X3 is designed to help manufacturers streamline production, inventory, and distribution. It offers a cost-effective solution for medium to large businesses, empowering them to manage their operations quickly, efficiently, and flexibly.

11. SYSPRO

What makes SYSPRO stand out from its competitors is unmatched customer satisfaction. It offers a manufacturing industry-tailored ERP solution, integrating advanced analytics for real-time decision-making and connecting seamlessly with IoT and AI.

12. Kohezion

Manufacturers can create their own ERP system without coding by accessing Kohezion’s user-friendly, customisable online database. It will offer a cost-effective, adaptable solution to design and implement an ERP system tailored to your business needs.

13. Plex Manufacturing Cloud

Are you seeking comprehensive, cloud-first ERP solutions? Plex is a cloud-based ERP system designed to streamline manufacturing processes by offering real-time production monitoring, quality control, and inventory management.

14. IFS Applications

Facilitating a unique blend of strength and agility, IFS Applications offers businesses a versatile enterprise system that can integrate with ERP, ESM, and EAM to streamline fundamental processes like manufacturing and supply chain management.

15. Katana

Designed for small manufacturers, Katana offers real-time inventory and production management. It offers integrations for e-commerce, shipping, accounting, and CRM, helping optimise manufacturing workflows.

Other 6 Manufacturing ERPs with Startups

Here are 7 innovative industrial ERP software introduced by startups, tailored to meet the needs of modern manufacturers:​

1. MRPeasy: A cloud-based manufacturing ERP solution, MRPeasy covers production planning, inventory control, and supply chain management, making it ideal for growing businesses.
2. Statii: Statii is an affordable ERP system for small and medium manufacturers, providing tools for job tracking, production planning, and inventory management.
3. FactoryFour: This ERP software is designed for discrete manufacturing, offering solutions for production tracking, workflow management, and real-time analytics. This ERP is gaining traction because of its modern, scalable design.
4. ERPNext: An open-source ERP solution, ERPNext is highly customisable. Moreover, it's so simple that you can implement it yourself. It consolidates all manufacturing business operations into a single platform, allowing manufacturers to view, manage, and analyse every process from one place.
5. TranZact: Small and medium-sized manufacturing firms can use the TranZact ERP system to automate and digitise their operations, from purchase and inventory management to sales, quotation, and production management.
6. New Horizon ERP: Designed by SourcePro for engineering manufacturing firms, New Horizon ERP is a cloud-based software that can help streamline your business operations. It provides modules for CRM, project management, HR, plant maintenance, activity tracking, and more.

Comparing the Cost of Top 15 ERP Tools for Manufacturers

In this table, we have compared the approximate costs of the 15 best ERP tools for manufacturing. Keep in mind that prices might vary depending on your business’s specific requirements, number of users, and additional features.

Deploying ERP systems can be a game changer for your manufacturing firm as they can optimise production planning, manage supply chains, provide real-time data insights, and improve overall efficiency. When considering ERP implementation, you should focus on your business’s specific needs, budget, and scalability to select the right manufacturing software. To make ERP selection hassle-free, consider reviewing the list of best-performing ERP tools for manufacturers.

You can ensure your manufacturing firm is compliant to regulatory standards by integrating Acviss Origin with your ERP system. The track and trace solution leverages blockchain to provide proof of authenticity and monitor the product across the supply chain, helping you meet your industry’s quality standards and maintain brand integrity while preventing counterfeiting.

Interested in learning more about ERP and implementing traceability solutions to your brand? Get in touch with us today and join the ranks of industry leaders in the fight against counterfeits and sustained growth.