ERP Software For Steel Industry
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ERP software for the Integrated Steel Industry

Integrated steel plants have multiple profit center divisions: Sponge Iron DRI Plant, Pellet Plant, Steel Making Shop, Rolling Mill, Power Generation, Coal Washery, etc. Lighthouse ERP accurately gives Division-wise Inventory, Operations, Sales, Profit & Loss, and Balance sheets for statutory compliances and MIS.

Steel plants are characterized by heavy material handling. Lighthouse ERP enables full control and error-free, speedy operations through a highly customized approach in Security Gate, Weighbridge, Quality Control, Yard Management, Freight Management, and quality-linked Material Acceptance.

Steel industries are extremely labor intensive, and contain a lot of heavy work. ERP software for the steel industry helps monitor all the operations and tracks the processes involved in steel manufacturing. Steel Manufacturing ERP facilitates features like automation and business intelligence to reduce delays in the industry that occur due to various conditions. ERP software steel manufacturing industry helps the industry gain various insights that help in strategic decision-making. ERP software for the steel industry gives absolute control over budgeting and finance by analyzing various statistical reports and records.

Lighthouse ERP for Steel plants is designed to handle complete needs in the most efficient, effective & accurate way. Lighthouse Steel ERP has continuously evolved since 1987 and Lighthouse is committed to providing a industry- specific modules, and comprehensive and robust solutions for the Steel Industry. Lighthouse's technical expertise and mapping of key requirements is the key to its success.

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The Integrated Steel Industry has the following operations process flow

Raw Material Procurement

Steelmaking

Casting

Rolling

Quality Control & Testing

Packaging & Dispatch

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Challenges of the Integrated Steel Industry

challenges managing reporting

Managing Reporting across all the divisions

Managing inventory and finances across multiple divisions and cost centers.

challenges manage material movement

Balance and manage Material Movement

The Steel Industry needs a lot of oversight and personnel to manage material movement, as it is a highly supply chain-driven industry

challenges production management

Deviations in Production Management

Tracking of Production time, consumables, yield and material consumption is important to manage costs.

challenges check on inventory

Keep Check on Inventory

Maintaining proper inventory is crucial for Steel production. The requirement of raw materials varies due to various reasons, including vendor, logistic provider, source of material, and grade of material.

challenges sales

Sales & Distribution Tracking

Coordinating multiple orders, tracking pending contracts, and managing dispatches is a continuous activity for steel co. managers.

Benefits of ERP for Integrated Steel Industry

Benefits of ERP for Ethanol Manufacturing
  • Organization-wide reporting

    ERP provides consolidated financial data, enabling real-time visibility across divisions for improved decision-making.

  • Enables Tracking of Material Movement

    Lighthouse ERP enables material movement tracking by automating several checkpoints in material handling: from vehicle entry in Plant premises to weight, quality check, unloading, and inspection.

  • Track inventory levels and improve efficiency

    Automated material management and inventory tracking improve procurement efficiency and reduce waste. These factors not only govern the quality but costs of production.

  • Helps in tracking the orders from sales to distribution

    Lighthouse ERP keeps complete order tracking, and dispatch management with linking to material loading and QC tests. It enhances the visibility of Orders and acceptance by customers to ensure customer satisfaction.

  • Real-time production tracking

    It enables the operations team to track real-time production & quality data, control downtime, improving production output.

Features of Lighthouse ERP for Integrated Steel Industry

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Division-wise Financial Management

Manage division-wise and consolidated financial books, including ledgers and profitability analysis.

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Real-Time Inter-Division Transactions

Track inter-division sales and purchases on a real-time basis.

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Expenditure Analysis

Analyze costs for subcontracting, production, and related activities.

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Accounts Approval Workflow

Facilitate accounts approval and bill passing for purchases, services (job work/contractors), or freight scenarios.

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Detailed Cost Analysis

Monitor material costs, overheads, and process-wise expenses.

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Product Cost Control

Perform detailed product costing and variance analysis to manage and control product costs.

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Inward and Outward Movement Tracking

Track all inward and outward movements at critical points like the security gate, weighbridge, quality lab, and store/yard locations.

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Comprehensive Plant Movement Management

Handle various scenarios like inward, outward, store-related movements, purchase or sales returns, rake inward, inter-yard transfers, and waste/scrap movement.

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Batch-Wise Pricing

Perform batch-wise semi-finished and WIP pricing during manufacturing.

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End-to-End Traceability

Ensure complete traceability throughout the manufacturing process, from raw material receipt to finished goods.

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Advanced Production MIS

Access sophisticated and accurate MIS on production costing and plant performance.

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Production Planning Tools

Plan production with features like item BOM, material requirement planning, and monthly production schedules.

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Process Parameter Monitoring

Monitor critical process parameters such as temperature and pressure.

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Shift-Wise Production Tracking

Track production by shift with batch, lot, and godown control.

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Yield Variance Analysis

Calculate standard-to-actual yields to identify and manage variances.

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Integrated Quality Control

Generate accurate MIS on production costing and plant performance for quality control.

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Automation Integration

Enable PLC and DCS integration with ERP for seamless data flow.

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Streamlined Sales Workflow

Manage inquiry and quotation followed by a three-level order cycle: Sales Contract, Sales Order, and Delivery Orders.

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Customizable Delivery Orders

Generate delivery orders based on advance payments, including grade-wise and size-wise product details.

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Instant Sales E-Invoicing

Create sales e-invoices instantly by linking weigh slips and delivery orders.

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Flexible Pricing Models

Offer cash discounts, quantity discounts, fixed-period sales contracts, and credit control.