There’s no question chemical companies need a powerful enterprise resource planning (ERP) software. Faced with more regulations than ever and increasingly complex supply chains, companies need to choose an ERP that’s designed to address specific industry challenges.
Before choosing a chemical ERP, it’s important to get the right information. Ask these 6 questions before choosing your chemical industry ERP.
1. Can your ERP track and display inventory in multiple units of measure?
Different measurement units for weights and volume are necessary in the chemical industry, and your ERP should be able to support and convert measures for use in receiving, storing, making and selling products. Static conversions are inadequate when there are density variances, for example, in lots or batches. Conversions and flexibility are necessary when multiple packaging sizes are used for the same product.
2. Can actual costs be tracked and compared to estimated costs?
Tracking actuals compared to estimated costs is an important consideration for chemical companies. Understanding inventory valuations and accurate production costs gives you powerful insights. They allow comparisons against industry or historical standards, input error reductions and inclusion of non-production costs to provide more accurate overall costs of goods.
3. Is your ERP agile?
Customer expectations and demands are changing rapidly. That’s why you need an ERP that can respond to changing customer needs and wants. You want to be sure that the ERP you select can anticipate and react quickly to rapidly changing customer requests, products, partners and suppliers. Your ERP needs to be able to adapt and add classifications, formulas, specifications, byproducts and business rules to accommodate the ever-evolving customer needs.
4. Can your ERP incorporate emerging technologies?
Big data and data analytics give chemical companies extraordinary opportunities for more efficient operations and deeper insights. Make sure your chemical ERP uses or easily integrates with these technologies to collect, use and distribute data to those who need it. Your ERP should provide greater transparency both internally and throughout the supply chain.
5. How does your ERP keep data secure?
Data is increasingly an asset for use both within your business and, unfortunately, by hackers. Keeping data protected while in transit and at rest is critically important, especially for regulatory compliance. While your ERP cannot be the sole source of your company’s data security solution, it should have functionality and intersectionality with your security mechanisms.
6. What mobile functionality is available?
Executives need access to dashboards, reports and data no matter where they are or what device they are using. Ask about the functionality and access to information across mobile devices. The same information accessible on a desktop computer should be available on a tablet or smartphone.
Sage X3 offers your chemical company:
- Supply optimization to respond to customer demands and frequent changes to purchasing, production and shipping
- Process and product consistency to ensure quality, consistency, safety and efficacy
- Global compliance across currencies, regions and regulations
- Inventory control to deliver accurate production forecasting, material needs and inventory optimization
- Anytime/anywhere access with web-based interfaces
NexTec is a Sage Platinum Reseller, offering chemical companies the expertise to deploy and optimize your Sage X3 solution and provide swift ROI. Learn more about how NexTec and Sage X3 can improve efficacy and efficiency for your chemical company. Give Sage X3 a try.