Best Production Planning Software For Manufacturing 2022 (2023)

Best Production Planning Software For Manufacturing 2022 (1) Khaleel HayesEnterprise Resource Planning No comments

Winter is gone, and spring is blossoming fresh trees and flowers. Don’t you think it’s time your business did the same? An effective ERP software for manufacturers, specifically production planning software, may be what you need to cultivate and grow productivity.

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Best Production Planning Software For Manufacturing 2022 (2)

Our handy-dandy research team compiled a detailed list of the best production planning software. Before diving into our top software picks, let’s review what this software is, its standard features and its benefits.

Table of Contents

  • Overview
  • Key Features
    • Planning
    • Demand Forecasting
    • Inventory Level Projections/Management
    • Integrations
  • Benefits
  • Best Production Planning Software
    • MRPeasy
    • SAP S/4 HANA
    • Simio
    • NetSuite
    • Statii

What is Production Planning Software?

Facilities use production/manufacturing planning software to ensure raw materials, employees and other necessary items are ready to create finished products within their scheduled time frame. Unlike production scheduling software, this application focuses on collective planning and resource allocation instead of one particular job.

Key Features

When you shop for new solutions, it’s essential to have a wishlist of features needed for your facility. Our requirements list can also assist if you need more. Also, understand that just because someone recommends a specific tool or module, it may not fit with your practices.

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Planning

This feature is a given. Practical planning modules allow you to map out your production cycles and display an overview of your supplies, finances and employees.

Demand Forecasting

Predict customer demand with in-depth archived data analytics to draft thorough reports. These reports will help you make better decisions. Effectively make inventory plans to avoid stockouts or overstocking. You may also determine how to effectively plan for certain sales like back-to-school, Black Friday, holidays, etc.

Inventory Level Projections/Management

Maintain inventory levels in real time and craft future projections accurately. Know what’s available and set minimum levels to avoid stockouts.

Integrations

Merge this solution with other systems such as ERP, HR, supply chain management, accounting and other platforms to streamline processes.

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Primary Benefits

This platform comes with several perks to ensure you meet your production planning goals. These advantages include:

  • Increasing On-Time Deliveries: Automate processes, allocate the necessary resources and coordinate departments to ensure you make on-time deliveries consistently.
  • Maintaining Inventory Levels and Waste: Avoid overstocking and understocking to ensure you have the correct inventory items. You reduce wasted or expired materials.
  • Leveraging Automatic Scheduling: Perform automatic scheduling for employees, machinery, workflows and other tasks to save time, boost efficiency and increase to-market times.
  • Implementing Adaptive Scheduling: Address unexpected changes or monkey wrenches in demand, facilities, routes and more with ease. Designate workflows in different facilities, take alternative roads and formulate other substitute strategies to meet your objectives.
  • Generating Reports for all Production Process Stages: Formulate multiple files for raw material expenses, shipping fees and labels. Generate invoices, analytical reports, charts, graphs and other necessary documentation.

Best Production Planning Software

Now that you have your wishlist in order, it’s time to review our picks of the top production planning software.

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Compare Top Manufacturing ERP Software Leaders

MRPeasy

MRPeasy is a cloud-based material requirements planning (MRP) software intended for small manufacturing plants. Its key features include purchase order management, forecasting, stock management and more.

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An example of MRPeasy’s elaborate dashboard.

Top Benefits

Sales and Order Management

Chronicle orders and offer order fulfillment from the quoting phase to distribution. Transform quotes into production tasks. Obtain invoicing and shipping details to complete thorough jobs.

Production Planning and Reporting

Give more accurate lead times when generating quotes with numerous reporting tools. Boost machinery implementation and productivity with immediate reporting to check runtimes and applicable maintenance.

Real-Time Inventory Overview

Employ inventory overviews to prevent running out of materials, upkeep lower stock levels, automate transactions, evaluate purchase requisites and perform lot tracking, among other related inventory duties.

Dynamic Drag-and-Drop Scheduling

Leverage drag-and-drop capabilities to reschedule assignments while considering existing capacity and materials.

Tasks

Help employees follow tasks and make reports in the “My Production Plan” tab on laptops, tablets, phones and other mobile devices.

Primary Features

Production Scheduling

The production scheduling module allows you to review your expected manufacturing orders (MO). Bill of materials (BOM), purchasing and stocking, are managed in one place, enabling you to book items in stock and promptly increase purchase orders (PO) for purchased parts. This feature also permits you to:

  • Access details on all of your MOs
  • View MOs as one block or as separate operations
  • Drag-and-drop to reschedule MOs and operations
  • Monitor scheduled orders in calendar or Gantt chart views
Forecasting

The forecasting accessory grants you an array of abilities, including:

  • Generating and processing material forecasts
  • Ciphering material requirements for building products
  • Study or ignore current material inventory levels
  • Determine deadlines for placing purchase orders and dates to produce orders
  • Develop MOs and POs based on forecasts
MO

Draft, edit and update MOs quickly. Employ a complete synopsis of every MO. You can review progress by order or part availability status. You can also search, filter and export MOs.

Accounting

Access a general ledger, balance sheets, chart of accounts and a profit and loss statement. Review all manufacturing stock purchases, procurement and customer relationship management (CRM) in one centralized place.

PO Management

Access a complete PO list for vendors and subcontractors. Add, revise or modify POs, review order overviews and track order and payment statuses. You may also search and filter particular POs.

Limitations

Although this solution offers various features and advantages, it also comes with a few drawbacks. These limitations include:

  • Having limited customization.
  • Lacks email, phone and live chat support.

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SAP S/4 HANA

SAP S/4 HANA is a solution that consists of artificial intelligence (AI), robotic process automation (RPA), embedded analytics and more to streamline your manufacturing practices. Its key features include asset management, supply chain management and financial management.

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An example of SAP S-4 HANA’s knowledge base.

Top Benefits

Software Developer Kit (SDK)

Implement an SDK to craft customizable programs, vertical platforms and extensions easily.

Quality Enhancement

Use closed-loop quality management practices such as planning and operations to boost company-wide improvements.

Sales Performance Management

Initiate variable-compensation programs via incentive and commission management. You can also supervise sales performance and upkeep tactical strategies.

Real Estate Management

Optimize space utilization, fees and occupancies with active lease agreement management, investments and construction designs. You may also review, preserve and renovate infrastructures.

Credit Standing

Allocate extra funding and better payment conditions to strengthen supplier credit standings.

Primary Features

Manufacturing

The manufacturing production planning software permits you to organize every stage of your operations, from material requirements to inventory. You can promptly modify the information as you receive it from the business, supplier or plant floor. This module enables you to draft plans for complex assembly such as:

  • Material requirements
  • Production planning
  • BOMs
  • Routing
  • Factory layout
  • Machine models

You can harmonize cooperation with the research and development teams with sleek deliveries of engineering files, BOMs and design changes.

Material Requirements Planning

The material requirement planning component keeps you in the loop of your supplies. You oversee stock-outs, instantaneously develop procurement proposals for purchasing and production and employ production planners to ensure the availability of procured or produced materials at the ideal time.

Employ numerous manufacturing models such as make to stock, make to order and engineer to order. Make to stock allows facilities to match their inventory with customer demand. Make to order permits customers to purchase products tailored to their requirements. Engineer to order enables facilities to receive an order for designing, engineering and completing.

This accessory comes with other abilities.

  • Heuristic structure
  • Limited capacity planning, scheduling and optimization
  • Industry-specific features such as repairable parts maintenance (RPM) and more.
  • Simulations, including transactional simulation
Inspection Planning

Improve the quality of your products by sending quality-related information across your business. You may also pinpoint potential risks and defects in the early development stages.

Supply Chain Management

SAP S/4 HANA’s supply chain management accessory views business rules, material accessibility and allocation policies to determine consumers’ product availability and promise dates. You can control warehouse activities and processes by implementing asset use and total output with the best picking, packing and shipping methods.

This tool enables you to arrange product movements across inbound, outbound and physical inventory processes to manage waste, damage, loss and production interruption.

Financial Management

Work with accounting and financial close operations, treasury and risk processes, collaborative workflows and more. Evaluate profit and margin contributions via real-time reporting, predictive analytics and merged business planning for optimal revenue garnering.

Limitations

This production planning software comes with a few limitations. These disadvantages include:

  • Limited customization.
  • Difficult de-migration process.
  • A time-consuming implementation.

Price:$$$$$

Deployment:
Platform:

Company Size Suitability: S M L

Compare Top Manufacturing ERP Software Leaders

Simio

Simio is a simulation production planning and scheduling software that caters to all companies. The cloud version authorizes you to share simulation and scheduling results online. You can generate tailored reports and interactive management dashboards to communicate a plan’s effects.

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A preview of Simio’s Gantt charts.

Top Benefits

Free Version

Although the free version makes this solution more accessible, be mindful that it has limited capabilities.

No Programming Required

Produce models without simulation software engineers.

All-in-One Model

Whether the application is large or complex, it works in one centralized model.

Model Visualization

Access an exact model for simulated or realistic scenario testing.

24/7 Technical Support

Access the 24/7 technical support team via an online user group.

Primary Features

Simulation Models

Simio offers two ways to build simulation models. First, the advanced planning and scheduling (APS) method enables you to create detailed schedules in an environment where machines function correctly, process times are consistent and materials punctually arrive at your plant.

The other approach works under the same simulation model but implements variation components. This method analyzes to forecast hidden risks affiliated with your schedule. An example of a gauged chance is the probability of meeting articulated targets with expected, pessimistic and optimistic results.

Predict and Plan

Conduct risk-free predictions, plans and improvements via simulation and scheduling modules.

Google Warehouse Integration

Merge this system with Google Warehouse to obtain a free library of 3D symbols.

3D Object-Based Modeling

Conduct step-by-step 3D object-based modeling with equipped components.

Risk-Based Scheduling

Estimate issues with probabilistic analysis. This tool guarantees workflows meet specific goals and deplete risks to limit fees.

Limitations

Simio offers several benefits and modules to streamline tasks. But it also has a few limitations, such as:

  • Experiences bugs and lag.
  • Needs additional resources to ensure clients gain product knowledge.
  • Requires many clicks and lacks other scripting capabilities.

Price:$$$$$

Deployment:
Platform:

Company Size Suitability: S M L

Compare Top Manufacturing ERP Software Leaders

NetSuite

Netsuite serves businesses of all sizes and various industries, including manufacturing, retail, e-commerce and more. Its key features are financial planning, supply chain management and order management.

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A preview of Netsuite ERP’s thorough dashboard.

Top Benefits

Equipped Business Intelligence (BI) Tools

Access and apply BI tools to intertwine data with visual analytics to make wiser company decisions.

SuiteCloud Developer Tools

Obtain a thorough cloud customization environment to ensure this program aligns with your business needs or craft new applications. Use workflow management, scripting, analytics, web services, etc.

Strategic Workforce Planning

Streamline headcounts, salaries, compensation planning and other workforce planning protocols. Affix company needs and requirements with the workforce to fully organize and meet production goals.

Modeling

Utilize modeling, analysis and bi-directional integrations with Excel to slice and dice information accordingly.

Real-Time Alerts

Establish user-defined alerts to receive real-time supply chain updates.

Primary Features

Forecasting

Cipher and estimate clientele demand based on historical demand, open opportunities and manual or imported sales estimates. This tool employs moving average, linear regression, or average seasonal calculations to generate forecasts after reviewing weekly or monthly reviews.

Planning

Netsuite ERP has several modes of planning. First, there’s material requirements planning. The demand planning tool permits you to explore BOMs, monitor inventory and safety stock levels, evaluate demand and study your supply before creating orders. You can also generate planned orders and implement multi-location planning.

Next, this solution has a capacity planning accessory. This module assures the accurate availability of goods with the advanced scheduling engine. You can utilize multiple constraints, schedule sequencing codes and receive immediate updates from the manufacturing execution system (MES) or an information network that connects, monitors and supervises complex manufacturing.

Lastly, there’s financial planning. The planning and budgeting component assists in company-wide and department finance planning. It employs a calculation engine to house a variety of business logic with an in-memory congregation, financial programming and analysis.

The main tasks it handles are simplifying capital expenditure (CapEx) planning, instantaneously assigning indirect expenses and predicting future results with a dashboard.

Production Management

Leverage total visibility of your entire production processes such as sales order, work order processing, routing and scheduling, order fulfillment and product costing. The module’s lot tracking and quality control functions determine batch sizes and develop batch records. You can also predict demand based on historical data, open opportunities and manually entered or imported sales forecasts.

Supply Chain Management

Advocate inventory fulfillment and cost from the factory to the store with inbound-outbound management, distribution management, warehousing, inventory management and other supply chain capabilities.

You always receive up-to-date snapshots of your key supplier, inventory and procurement indicators. This module also allocates self-service capabilities for partners and cooperation with vendors and customers across the supply network.

Compliance and Controls

Comply with multiple standards, practices and government regulations such as the International Financial Reporting Standards (IFRS) and Generally Accepted Accounting Principles (GAAP).

Limitations

This solution comes with a few drawbacks. These limitations include:

  • Slow implementation times.
  • Has a steep learning curve.
  • Doesn’t offer free trials.

Price:$$$$$

Deployment:
Platform:

Company Size Suitability: S M L

Compare Top Manufacturing ERP Software Leaders

Statii

Statii is a cloud-based solution intended for small and medium-sized manufacturers that control all business tasks. Some features include invoicing, inventory management, time management and production tracking.

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An example of Statii’s main dashboard.

Top Benefits

Dashboard

Manage a dashboard with red and black indicators for late or outstanding goods. Use filters to craft multiple reports that you may export for additional analyses.

Report

Create value or late invoices, payment performance and compare customers to agreed credit conditions, operator efficiency and other reports.

Enquiry/Quotes

Build quotes and duplicate projected fee breakdowns. Gain information for inventory objects, bought-in merchandise, internal operations and budget forecasts.

Free Version

Use Statii Lite, the free version, in small manufacturing atmospheres and govern critical business aspects, including customers, suppliers, quotations and an email platform.

Live Chat Support

Implement this system’s live chat support to ask questions and receive helpful answers.

Primary Features

Production Tracking

Find and resolve issues that slow down your manufacturing plant. You can track progress to adjust and guarantee operations meet total capacity.

Production Control

Record your entire process from obtaining orders and allocating work to sending the completed item to your clients.

Scheduling

Plan out activities for various machinery, materials, tools and labor needed for a project. Track several required aspects to generate products and effectively finish all production stages.

Time Management

Utilize job and route card components to gauge the time needed to produce specific outputs of products.

Customers and Suppliers

Share customer and supplier data, including contact info and spending values, across your company.

Limitations

Statii offers many benefits and features, but it also comes with a few disadvantages. These limitations include:

  • You can only complete shift management via workarounds.
  • The software doesn’t have mobile applications.

Price:$$$$$

Deployment:
Platform:

Company Size Suitability: S M L

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Grand Finale

In conclusion, finding the ideal production planning software can be as challenging as finding a needle in a haystack. Some of the features mentioned in this article may or may not be what you need. Therefore, it’s essential to take your requirements wishlist and find a solution that aligns with your production practices.

Are you still undecided about which production planning software vendor is right for you? You can compare features in your wishlist with other vendors using our detailed comparison guide.

Which manufacturing production planning software is your top choice and why? Let us know in the comments!

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