ERP for Hosiery Production Management

The Hosiery Manufacturing industries have changed tremendously in the last few years. To sustain competitive advantage, companies must re-examine and fine-tune their business processes to deliver high quality goods at very low costs. Most companies have now outsourced manufacturing to low labour. Globalization has led to increase in competition and quality awareness and therefore it has become very important for the Hosiery industry to integrate itself with information technology to survive. ERP is an integrated system that allows information to enter at a single point in process & updates a single shared database for all functions that directly or indirectly depend on this information. ERP solutions came into existence in corporate world due to various problems faced in Management Information System (MIS), Integrated Information System (IIS), Executive Information System (EIS), Corporate Information System (CIS), Enterprise Wide System (EWS), and Material Requirement Planning (MRP), Manufacturing Resource Planning (MRP II). This paper deals with the functions of ERP, the response to the ERP in Indian Hosiery market, Challenges of aligning ERP with Hosiery processes, taxonomy of Hosiery ERP system, ERP system Implementation and finally the use of ERP in the Knitting industry considering online data monitoring and actual ERP structure. ERP system enhances information flow through various business processes like production sales, inventory planning and finance - helping companies to gain competitive advantage. Simply to understand - ERP system organizes all of the companies information into one centralizes system, which is always available. SHIVIT TECHNOLOGIES PVT.lTD.