Enterprise Resource Planning or ERP software is an automated solution that combines various applications to streamline information flow in a company, including those within the logistics industry. Therefore, the management in this industry includes the coordination and transfer of products from suppliers to customers or warehouses.
With the right ERP software, you are able to manage your warehouse in a better way, especially with the most complete Warehouse Management System in Singapore. Here are some of the components of logistics management:
- Inbound and outbound transportation
- Fleet management
- Warehouse
- Material handling
- Production and packaging
- Inventory management
- Security of goods
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Logistics Industry Overview
Initially, “logistics” was a military term referring to how military personnel move equipment and supplies. The term is now broadly used in business, particularly by manufacturers. Strengthen your logistic industry by applying the integrated ERP Software in it. HashMicro is here to offer you help to automate your logistics operations, minimize lead times, and boost customer satisfaction with the most complete Logistics ERP System in Singapore.
Logistics is commonly defined as the process of arranging and transferring resources such as equipment, food, liquids, inventories, materials, and people from one area to the intended destination’s storage.
In 2020, the Asia-Pacific region was the largest logistics market due to the region’s large manufacturing base. Statista states the global logistics industry overview as critical to the approximately 5.7 trillion euros worth of worldwide trade. Research and Markets also estimate the logistics industry growth rate at 3.49% between 2017 and 2023.
What is Digital Logistics?
The government launched the Logistics Industry Digital Plan (IDP) as a part of ongoing strategic plans to assist small and medium-sized enterprises in the logistics industry in Singapore. With this plan, the government encourages the industry to adopt more digital technologies and promote digital transformation. The logistics industry trends are contingent upon the adoption of these technology-driven innovations.
One of the ways in succeeding in the plan is to use ERP software to manage the logistics industry’s growth and operation. This is because management automation with ERP software improves the effectiveness and productivity of a company with minimum risks and costs. How is that possible?
ERP system provides accurate and real-time data that assist decision-makers well quickly and correctly. They don’t have to wait for information and feedback because all business operation history is already on the system. So, the problem-solving decision can be applied sooner before it costs the company hugely. With the right ERP software, you are able to manage your business in a better way, especially with the best ERP software from HashMicro.
Also read: Logistics Definition | Challenges and Solution
How Can ERP Help the Logistics Industry?
Every logistic company must be having different ways of managing its business. The customization of ERP software allows companies to have a system that adjusts to how the company runs. ERP system encompasses such as:
1. ERP controls inventory
Because ERP centralizes its data, all information necessary for a logistic company can be accessed in one place – including orders, inbound and outbound sales, delivery, and more. It allows the company to have future predictions of sales and delivery time.
Analytic data from the ERP acts as valuable business intelligence to the company. ERP systems in supply chain management can identify various activities. For example, out-of-stock inventory, handling inbound from the suppliers and outbound to the customers. Everything is accessible from every device. In addition, to optimize inventory levels, monitor the stock transfer process, estimate inventory needs, and effectively manage stocks in each location, you can also use inventory software. With inventory software, you can Fulfill demands with optimal inventory levels, monitor stock transfers, forecast inventory requirements, and optimize stock management across multiple locations Download the HashMicro inventory software price scheme to know your costs in using this software.
2. It improves distribution
Distribution is an essential part of the logistics industry because it includes the flow of goods delivery and transportation management. ERP software provides solutions to organize the distribution effectively by gathering all information needed in the central hub.
This information is fruitful in improving the handling and delivery of the goods and ensuring they arrive on time. ERP system in supply chain management also facilitates communication between suppliers, distributors, retailers, and drivers to share real-time information. It can be the destination address such as GPS, detailed information of the products so it helps you to manage your warehouse production well, and many more. With the right Warehouse system, you are able to manage your warehouse in a better way, especially with the most complete Warehouse Management System in Singapore.
3. Effective staff management
ERP system simplifies tasks related to employee management. As a result, the HR staff can manage employees’ working hours, rest hours, leave, and employee performance automatically. Cloud ERP provides companies with layers of security.
Furthermore, it also provides backup data for information such as payrolls, contracts, personal info, attendance, etc. So, the user will always have the data just in case there’s a power outage, natural disaster, or security breach. It will encrypt data to prevent data theft and illegal access. You can also find out about the sale system pricing scheme calculations to help you decide which software suits best to your company.
Also read: How to Optimize the Transport Management in Your Logistics Business
Conclusion
The logistics industry can operate well if there’s an attempt to streamline the purchasing, transportation, and inventory in every related business. So, the easier information access, the higher the profit that the companies, and their customers, will achieve. Therefore, the ERP system has a lot of advantages for every stakeholder in the logistics industry. And for that reason, our product of ERP software can help you to streamline your business processes & drive your company’s growth significantly.
You can also choose the right ERP vendor after calculating the ERP software pricing scheme. Tell us about your type of business and industry and we will offer you the best business solutions.
