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Engineering Services

The engineering sector is one of the largest industrial sectors and includes segments that need access to real-time information. Being a project-based industry, having quick access to all business functions is a prime necessity. SAP Business One serves this industry with a real-time accounting platform that unifies various divisions of the industry, thereby making the business undertakings simple. By using an ERP system such as SAP Business One, information from multiple sources can be automatically combined and shared across in a thorough manner. Numerous tools are available that enable compelling time and data management.

 

Following business functions of Engineering are covered in SAP Business One Solution:

              ·     Research and Development

              ·     Production and Manufacturing

·         Bill of Material

·         Work in Progress

·         Job Work

·      Resource Management

·      Material Requirement Planning

·      Sales and Purchase Operations

·      Operations Control and Management

·      Quality Control

How SAP Business One Can Help In your Engineering Industry:

1.       SAP Business One provides a complete understanding of the project across the organization right from the headquarters to those working on field.

2.       Provides a 360° view of your firm, streamlines your business processes, improve after-sales support, track compliance, and much more.

3.       Enables to meet customer demand and develop new revenue streams with SAP Business One for the engineering industry. Decrease supply chain costs, lessens cycle times, and    minimises scrap and re-work which leads to high profit.

4.       Helps in minimizing inventory cost by efficiently dispatching finished goods to distributors and end-customers.

5.       Integrate and standardise processes across your business locations with subsidiary integration feature of SAP Business One.

6.       SAP Business One production planning and controlling optimises yield and increases the overall efficiency of production processes.

7.       View and report on component supplies in production and finished goods with fully integrated inventory management.

8.       Get greater control of your operations by boosting supply chain visibility, automating key processes and more.

9.       The system allows easy management of changes in project definition, cost, schedule or scope.

10.   An integrated system allows effortless analysis of resources, plans, and progress of the project.

11.   Using this system, variations in the project and their impacts can be managed midway with the help of a single project view.

12.   On-time and on-budget performance helps in increasing the project effectiveness.

13.   Improved resource deployment with lower costs and increased revenues will assist in growing your business profitably.

14.   This system helps in completing the projects on time and to budget thereby providing better client satisfaction.


SAP Business One Business Benefits for Engineering Services Industry:

·         Access to real-time information

·         Effective time and resource management tools

·         Optimize inventory costs with smarter resource allocation and planning

·         Visibility to project specific controls

·         Reduce costs and increase the scale of your business operations

·         Control project costs with efficient tools

·         Improve cash flow and financial management

·         Accurate and better job costing

·         Manages compliance with industry, quality, and regulatory standards and helps to reduces penalties

·         Retain the right talent in response to customer requirements

·         Quick response to service calls or complaints which improves problem-solving capabilities

Benefits of SAP Business One for Engineering Services

SAP Business One is proven to help produce companies grow quickly and drive profit.

 

Scheduling Field Engineers

Many engineering companies have a team of field engineers to install and service equipment at customer locations. Making sure this workforce is as utilised as possible at the right margin is a complicated task, particularly in an environment that can change all the time. The mobile technology of SAP B1 allows quick parts ordering, sign-off on jobs and fast relocation. Service managers have an accurate view of ongoing work and can manage under-utilised capacity whenever it occurs.


Flexible Invoicing

When you undertake project work, flexible invoicing is a necessity. Each project can be agreed with a range of individual commercial terms that need to be handled by your accounting system. Some projects will require time and materials, fixed price and perhaps even contract milestone invoicing. Many ERP systems simply cannot handle this varied way of invoicing customers. SAP Business One with Job Costing has the flexibility and control that engineering firms need to manage customer projects and invoicing.


Purchase Requisitions

With a distributed workforce, keeping track of purchase requests can be very difficult and time-consuming. Being able to manage purchases on a project level enables project managers to monitor their purchases and keep track of their suppliers. External workers are also equipped with a mobile application to raise purchase requests, which removes the unnecessary duplication of work and streamlines the overall process.