Erp Practices

Assignment 1 Name: Arpit Bendle Best Practices in Automotive Industry -ERP Perspective Business processes in the automotive and automotive supply industry place challenging demands on everyone in the supply chain. OEMs and automotive parts manufacturers rely on software solutions to help them achieve a high degree of traceability in order to accurately track all aspects of the manufacturing process and better manage their overall operations. Today’s leading manufacturing solutions go beyond the historical ERP strengths of finance and accounting to give organizations the ability to achieve complete process visibility — enabling them to meet their stringent requirements and avoid or minimize the impact of product recalls or delays. Some best features an ERP should have pertaining to automotive industry are: 1) Full Traceability: In order to achieve compliance with government regulations, manufacturers must be able to trace every component within their individual products to isolate problems quickly and with pinpoint precision. They must have a system that enable them to accurately track individual bins, containers, and packages as they flow through the manufacturing process and distribution chain. Integrated ERP can meet this need, providing detailed historical information related to supply chain, production, inspection, genealogy, movement in plant at workstations and usage as a finished product. 2) Quality and Supply Chain Management: The ability to manage production quality is critical to automotive manufacturers. Their ERP systems must provide the capability to track real-time data on all aspects of manufacturing and supply during production, and to store the data in archives for audits or future reference. 3) Electronic Document Management: Like all companies today, manufacturers strive to achieve the greatest possible productivity. They must employ a software system that provides electronic document management overall operations, reduces waste, and minimizes...