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Manychip must use an comprehensive ERP package to improve the productivity, efficiency and accuracy in its organization. A specific manufacturing or production planning utility is not as useful as a complete ERP package due to many reasons. An ERP or enterprise resource planning packagae provides significant advantages to fast growing manufacturing companies like Manychip in the following ways:

Advantages of ERP

Faster inventory turnover: Without ERP, a business may turn over its inventory once or twice a year With ERP to automate processes such as production planning and procurement, many manufacturers and distributors increase inventory turns by tenfold and reduce inventory costs by 10% to 40%. The result is significant reduction in inventory expense, as well as associated transportation, storage and warehousing costs. This, in turn, leads to better cash flow.

Improved customer service: To remain competitive, manufacturers are looking to improve their......

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Approximate Word Count: 969
Approximate Pages: 4 (250 words per double-spaced page)

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