Meet Rayn, a young entrepreneur who owns a fast-growing retail chain for branded apparels. His business grew from just one showroom in the city market to a chain of retail stores, his own production house, a garment design unit, an online web store, and a hep mobile application for young customers. Until Rayn owned just one big store in the posh market of the city, there were not many challenges he had to cope up with. But, as he progressed with expansion, hiccups associated with procurement, pressing customer’s deadlines, multiple order entry channels, delayed deliveries, style, color and design management along with driving sustainable competitive edge started occurring.
While Rayn was struggling hard with these back to back problems, constantly losing his sleep and quality time with his family and friends, he came across a pamphlet flashing ‘ERP for Apparel Industry- An out of the box solution for fastest concept-to-consumer platform’. He got curious about it and wondered, can ERP really run my apparel company? The very first questions came to his mind were What, Where, and How?
He straight away headed to meet the executive of the software company mentioned on the leaflet.
ERP For The Apparel Industry: Can an ERP run my business?
What To Know, Where To Start, How To Move Forward?
Rayn wanted to know all about ERP and hence the executive began to explain it from the scratch.
Enterprise Resource Planning or ERP solutions are integrated set of applications that cover the entire value chain from quotation/order, through production and ultimately to customer service. It not only gives you complete control over your core business processes, but also offers the precision to perfect your supply chain, and the real-time insight that your sales team need to perform at their best.
It’s always advisable to start early before simple problems transform into grim defies and start affecting the productivity, customer experience and ultimately the brand image. Your business is just like a human body, it starts giving signals if there is a pain point or major pitfall lurking ahead. Those signals can be in any form such as production pipeline blockage, wrong information about available stock, huge gap between order confirmation and delivery times, quality complaints, increased returns & wastage, etc. It’s imperative to identify those signals and take necessary actions before it becomes too late.
The key to smoother operational flow throughout lies in partnering with the right ERP vendor with the most appropriate solution for your business. Right from planning for the big switch to budgeting decisions and change management in your organization, the ERP vendor becomes a partner to sail through the boat.
By now Rayn’s curiosity to get more details on ERP modules and functioning became vivid. And he finally popped up with the question “Can ERP really run my apparel company? If yes, then how?”
The executive consultant smiled and began explaining further:
For sustaining any business, customer’s presence is most important. So let’s begin with how ERP contributes towards a better customer experience?
Because ERP systems help in identifying trends, seasonal demand shifts, and preferences of fabric, colour, and design, suppliers and manufacturers can work hand in hand to adapt the dynamics of demand. ERP also helps in overcoming delays while managing logistics and simultaneously working towards process standardization for better insight into data, cost analysis and vendor performance. Since an ERP solution can be accessed over the cloud it is quite helpful in providing real-time views and order tracking. Its intensive planning module and in-depth visibility into inventory allow users to create accurate demand forecasts based on real-time facts and information instead of making vague estimations.
ERP software for apparel industry puts the control of the supply chain into your hands. Right from designing and sampling to receiving orders, planning production, procuring material, to manufacturing and sales through online and physical stores, ERP automates, streamlines and handles all. Managing order patterns, stock-out dates, lost sales, order consolidation via omnichannel sales becomes a cake walk for retail chain owners. With the help of manufacturing module manufacturers can more accurately plan material requirements and accommodate varied workflow processes to handle multiple types of manufacturing workflows, even with different sizes, styles and colors. ERP solutions for the apparel industry simplify business processes from start to finish, in a single database, over a common platform and helps avoid delays and frustrations on both ends- manufacturer as well as the customer.
On discovering the sight of relief and satisfaction on Rayn’s face, the consultant believed that his job is done and the session can be concluded by listing some over the top benefits of ERP.
To cut a long story short, ERP software specially designed for Apparel industry can offer a wide range of benefits.
Here is the list of things ERP solution can do for your apparel business:
- Cost savings due to more efficient planning
- Greater efficiency via access to information in real-time
- Better controlled inventory management
- Better labour tracking, fewer overhead expenses
- Error reduction and accuracy of inventory record
- Shorter order-to-shipment cycle
- Greater efficiency via a style/color & size Matrix grid
- Faster dispatches
- Reduced returns
- Improved accounting control through integrated financial
- Efficient and accelerated omnichannel sales
Rayn happily walked out after making up his mind for ERP deployment as soon as possible. But if you are still doubtful, feel free to contact our consultants for guidance on ERPs for Apparel industry.