The Electrical industry comprises of manufacturers who produce generation equipment, transmission equipment and allied equipments. Primarily Electrical manufacturers are involved in production of generators, boilers, turbines, electrical transformers, electrical cables & wires, switchgears, capacitors, process & control equipments, instrumentation & control equipments, measuring equipments & instruments, lighting & luminaries etc
Increasing competition in the Electrical industry requires companies to reduce production cycle time, lower operation costs, improve efficiencies and increase productivity in order to ensure a faster time to market. Leveraging the power of an ERP is imperative to ensure LEAN manufacturing, integrate & control processes, ensure proper material planning to stay competitive and ensure profitability
Spectrum ERP for Electrical Industry
Spectrum ERP provides Material Management, Planning & Production, Finance & Accounting, Sales & Distribution, Customer Relationship Management (CRM), Payroll and Plant Maintenance module. Spectrum ERP also has Business Intelligence solution and Mobile Apps. Spectrum ERP can also be seamlessly integrated with Tally Software.
Key Modules of Spectrum ERP for Electrical Industry
Spectrum ERP for Electrical Industry has modules designed, configured as per the requirements of Electrical Industry. Spectrum ERP helps Electrical manufacturers to integrate and streamline critical business processes such as procurement, inventory management, supply chain, asset management & plant maintenance, improve logistics, control production costs, in order to ensure profitability.
Pre Sales and Sales Activity (Including Estimation)
Spectrum ERP is capable of handling all pre-sales activities related to Enquiry, Estimations & Quotations. It records all enquiries, helps generate estimations, prepare quotations, revise quotations. This significantly saves time to prepare quotations and estimates. It also maintains information about quotations lost to competitors and records reasons for future analysis.
Bill of Material (BOM Management)
Spectrum ERP has a very comprehensive Bill of Material module. Our BOM can be used for both Make to Order as well as Make to Stock production. It provides a complete list of raw materials, assemblies, sub-assemblies, components and precise quantity. It helps to record details of whether components are to be manufactured or bought out. We offer a variety of BOM features such as Estimation BOM, Manufacturing BOM, Multi-Level BOM, Structural BOM. It provides BOM revisions feature which makes the updated and correct BOM version available to all concerned.
Estimates and Costing
Spectrum ERP enables creation of thorough estimates taking into consideration materials and production activities required. It also helps in calculating actual costs for orders by taking into consideration accurate material landing costs and activity based costing. It also enables to compare actual costs versus estimates to identify the variance and areas of improvement.
Spectrum ERP procurement module, inventory module, and warehouse module are tightly integrated with the Production module. This helps to procure the right material, in the right quantity at the right time. This helps managing demand planning, supply of material and inventory controls to ensure overall lean inventory.
Our e-Procurement solution automates and streamlines procurement processes, which enables efficient and transparent procurement of raw materials, consumable & capital items.
Material Requirement Planning
Electrical Industry must avoid situations of stock out or overstocking in all possible ways. Hence, inventory control and material requirement planning are critical for Electrical Industry. Spectrum ERP supports demand planning, based on manual forecast, past consumption data, fixed level inventories as well as adhoc material requirements. We also provide different type of material classification such as ABC, XYZ and other analytical reports to plan and execute material requirement planning. Our Material Requirement Planning ensures adequate inventory levels so that all materials are available at the right time when they are needed.
Warranty, Spare Parts and After Sales
Spectrum ERP has an After Sales Module which keeps records, monitors and tracks information of Warranty details, Spare Parts and After Sales. It provides features to define serial number tracking, warranty expiry dates, record information of in-house warranty as well as Back to Warranty of products.
It maintains record of quantities of individual spares in the warehouse, as well details of warranties of spares within a Assembly Kits.
Our ERP also helps you to manage your After Sales Services efficiently. It allows you to record a new service request, create a service log, assign the service request and plan visits at convenience of customer
Ensure Quality Tracking & Quality Tracing
Spectrum ERP has all the necessary features to ensure quality in purchase, production, storage and delivery of Electrical materials. It is equipped to handle multiple stock keeping units. It provides an option to maintain different sizes of packaging for different materials used in Electrical industries. It also allows to define product dispatch information along with checklists for cross verification.
Spectrum ERP can be seamlessly integrated with Tally ERP. It helps implement best business practices in organizations without impacting their Accounting practices. Spectrum ERP with Tally integration is a direct single step data transfer feature to export vouchers from Spectrum ERP to Tally. You can choose to integrate only select operation data or go for maximum integration.
Electrical Industry Specific Reporting
Spectrum ERP comes with a suite of standard reports created for the Electrical Industry. This includes precise reports designed as per key performance indicators and dashboards. In addition, we also provide customized reports if required.
Client Success Stories
Spectrum ERP for Electrical Industry has been successfully implemented at R R Ispat
Read more about our Client Success Stories: R R Ispat