WHAT TO LOOK FOR IN A FOOTWEAR ERP SOFTWARE
The proper ERP software may completely change the way a footwear company runs, much like the perfect pair of shoes can make all the difference in terms of comfort and style. It’s as important to have an ERP system that suits your firm as a pair of sneakers in an industry where efficiency, supply, and style all come together. The best ERP software like FINAC‘s should give you the courage to move forward with assurance.
But how can you pick the best option when there are so many to select from? We’ll lace up and show you what to look for in footwear ERP software.
Crucial Elements Your Footwear ERP System Must Have!
1. Keeping Records of Inventory
Keeping an inventory log is one of the most crucial tasks for any business, including shoe businesses. Your inventory levels, sales, orders, and delivery should all be visible at the same time with a solid ERP system. Along with having a size and color matrix, it ought to be able to read barcodes and automatically rearrange itself.
A scalable inventory module, for instance, is available in Finac ERP software. It facilitates simple stock adjustments and tracks inventory first-in, first-out, across several warehouses and retail locations.
2. Product Lifecycle Management
The lifecycle of a shoe is intricate, involving several stages such as design, production, marketing, and post-purchase maintenance. A good ERP solution should have comprehensive PLM features including sample tracking, cost estimation, design management, and quality control.
3. Management of the Supply Chain (SCM)
Supply chain management is yet another crucial aspect of the shoe industry. The ERP software must incorporate demand forecasting, order management, supplier management, and logistics management. In order to find bottlenecks and make decisions based on correct information, it should also display the supply chain in real time.
4. CRM
CRM is all about managing how a firm communicates with its clients, both present and potential. ERP software should have CRM features including lead and opportunity tracking, customer segmentation, campaign management, and customer support.
5. Distribution and Sales
All of the functions required for distribution and sales, including managing orders, generating invoices, and accepting returns, should be included in the ERP software. Additionally, it must provide capabilities for handling sales and discounts, channel marketing, and customer loyalty schemes. For example, the sales module of the Finac ERP software facilitates the creation of quotations, sales orders, and invoices while recording all interactions with both cash and credit-paying customers.
6. Administration of Finances
A company’s financial control is its most vital component. The ERP program should include financial reporting, cash flow management, accounts payable and receivable, and a general ledger. Additionally, it ought to guarantee adherence to national and worldwide financial regulations. Based on your unique requirements, the accounting module of the Finac ERP software creates customized groups of accounts and a customized general ledger for your company.
7. Business Intelligence (BI) technology
Business intelligence (BI) provides businesses with important information, enabling them to make more informed decisions. The ERP program ought to incorporate dashboards, reports, data visualization, and predictive analytics.
8. Capable of Integration
Connecting ERP software to other business systems, such as point-of-sale (POS) systems, e-commerce platforms, and third-party applications, should be a simple process. The smooth flow of data between systems is ensured as a result of this, which not only boosts pace but also reduces the likelihood of errors being made manually.
9. User-friendly Interface
The enterprise resource planning (ERP) software ought to have an interface that is not just user-friendly but also intuitive. It has to be simple to browse, and users have to be able to personalize it according to their requirements.
10. Expandability
The ERP system ought to be capable of being scaled up to accommodate the growth of the corporate entity. There should be no impact on its performance from an increase in the number of users or data.
Embrace the Future Confidently with FINAC ERP!
All of the elements we’ve discussed are critical for meeting current needs and even exceeding those of tomorrow. Your company may be more efficient and responsive to the ever-shifting fashion industry with the correct tools.
If you own a footwear company, FINAC can help you optimize your ERP system so that it runs smoothly at every stage of your business. Launch your shoe company to new heights with FINAC, an enterprise resource planning (ERP) solution that fits like a glove.