ERP for Apparel Industries

The apparel industry is a multi-billion dollar industry producing millions of dresses, suits, habiliments, and daily wearable as well as fashionable clothing every day. Over the centuries, the trends have been changed significantly and will be continuing to do so. The standalone shops of sewing operations are converted into highly established brands. Single stores converted into multi-stores, customized wearable converted into readymade dresses, and physical stores converted into the online stores. The role of the technology helped the apparel companies to grow their businesses across continents leading to the tough competition for creating their own presence in the market. The rising brands needed to think all the time for the production of quality dresses so as to make their own identity, and this will be continued forever.

ERP application has helped the majority of the apparel manufacturers, wholesalers, retailers & brand owners in increasing their operational efficiency, better customer service, and profitability. The Enterprise resource planning streamlines & helps the companies in integrating all their business processes through a common platform so that they can get the real-time visibility of their organization in the processed form such as reports, dashboards, and KPIs. We can learn more about ERP in the other article. What is ERP ?

Need for an ERP Solution for apparel industry:

The Textile industry is customer-centric and needs to provide customer satisfaction by giving them a better experience through their clothing items. For doing this, there is no exception for the industry to adapt themself to the new technology platforms, and the ERP is one of the most vital platforms among them. The ERP software helps the industries in planning the garments, procurement of the raw material, production, and supply chain management till the end-users.

Following are some of the essential processes for companies need to look after so that they can increase their operational Efficiency:

• Planning & Budgeting
• Quality Management
• Resource Management
• Scheduled Maintenance
• SProduction Schedule & control
• HRM
• Bill of Material
• Finance & Accounting
• Warehouse & Inventory management
• E-Commerce Integration
• Time & Expense Tracking
• Point of Sale
• Lot Management
• Service Management
• Supply Chain Management
• Revenue Management

The Benefits of having an ERP Application:

Customer experience is the key factor for any business owner and ERP helps them to do so. Since 75% order comes from the repetitive customers, winning their trust & loyalty in the first place, and acquiring the new customer base becomes easier with the help of the right ERP Solution.

Some of the key benefits that an ERP can offer are like:

• Cost Saving: The repetitive manual processes get automated leading to the optimization of the expenses
• Quicker Order Fulfillment: The channelized shipment rules fill the gap between the delivery delay leading to the faster fulfillment of the orders from the nearest store.
• Streamlining the operations: The unified ERP platform integrates all the processes by tightening the loopholes so that the entire operations across all the verticals get streamlined.
• Stock Visibility: The ERP allows us to monitor the available stocks across multiple inventories so that the ‘out-of-stock’ issue can be eliminated in record time.
• Increased Sales: Due to the automated delivery time and the ability to forecast the market trends, the industrialists can strategize their operations keeping the customers' point of view, so that the loyalty of the customer remains intact leading to more sales of goods.
• Customer Satisfaction: The need for the existing & new customers can be monitored due to the forecasting ability of the ERP application. The maintaining of relations with solving queries, giving discounts and coupons effectively leads to the satisfaction of the customers.

The cloud ERP platforms such as Oracle NetSuite Cloud ERP provides the scalability, flexibility, and security with their unified cloud platforms so that the emerging textile brands, as well as the established enterprises, can grow their businesses profitably. The SaaS-based application has helped thousands of apparel brands around the globe in providing their customer, never before satisfied with their integrated online, offline, and on-demand service capabilities.