Digitalization is taking over all the industries, and to tackle these digital challenges, industries need a robust digital solution. Enterprise Resource Planning (ERP) software is the perfect solution for these digital challenges meanwhile catering to modern requirements of any industry. Lighthouse Info Systems has grown to be a leading mid-market ERP software solution for the process and discrete manufacturing industry. Designed and tailor made for manufacturers in specific industry segments, Lighthouse seamlessly integrates all aspects of business operations, from beginning order entry through manufacturing, packaging, shipping, inventory, and accounting. In a recent discussion with Tube & Pipe India, Mr. Dhruv Khator, Director, Lighthouse Info Systems, talks about the global steel tubes & pipes market, its promising future, its challenges and details about how these challenges can be addressed by their Lighthouse ERP software. Lighthouse ERP plays an active role in developing strategies for competitive business advantage through execution of IT solutions for steel tube & pipe manufacturing industries.
The global steel pipe market is projected to hit USD 97.88 billion in 2023, with an estimated 3.9% average CAGR, surging ahead to reach USD 143.50 billion by 2032. This growth trajectory marks a promising future for the steel pipe industry.
The steel pipe industry serves as a vital component of the global steel industry. For more than a hundred years, the use of steel pipes and tubes has proved their significance in providing strength to the overall structure while also allowing for creative and innovative designs. Steel pipes and tubes have a high strength-to-weight ratio, are resistant to corrosion, and can be easily customised, making them an ideal choice for architects and builders for large-scale constructions that are long-lasting and require minimal maintenance.
India has become a top-three global manufacturing hub for steel pipes and tubes due to its lower production costs and quality, along with favourable geographic advantages. Indian manufacturers can cater to a diverse range of domestic and international markets, meeting the growing demand for robust and reliable steel pipes. The industry is expected to continue its growth trajectory, positioning India as a key player in the global steel pipe market.
Due to the rapid rise in the demand for steel pipes and tubes in the end-use industries such as oil and gas, construction, and the automotive sector, managing all the business processes such as procurement, inventory, production, supply chain, quality control, etc. simultaneously becomes the biggest hurdle.
To address these challenges, many companies in the tubes and pipes industry are turning to enterprise resource planning (ERP) software.
Lighthouse ERP software is a suite of integrated applications that help businesses manage various aspects of their operations, including inventory, production, finance, and human resources. In the tubes and pipes industry, Lighthouse ERP software can be particularly useful in streamlining operations, improving supply chain management, and enhancing quality control.
Customised specifically for the pipes and tubes industry, Lighthouse ERP contains all the required features such as:
Dimensional Control and Data Validation
When selecting pipes for a specific application, the internal diameter, strength, ductility and pressure rating are important factors to consider. These are key when pipe manufacturers are supplying oil & gas, water supply and wastewater treatment industries. ERPs ensure that these specifications are met from the planning to packing stage.
Inventory Management
One of the key benefits of ERP software in the tubes and pipes industry is improved inventory management. ERP software can help companies maintain real-time visibility into their inventory levels, as raw materials are expensive and demand can be volatile. By having a clear view of inventory levels, companies can ensure that they have enough stock to meet demand while also avoiding excessive inventory and the associated costs. Lighthouse ERP enables businesses to track their inventory in multiple units, including metres, numbers, and kilograms. This feature makes it easy for companies to manage their inventory at various stages of the production and supply chain, such as order booking, production planning, and inventory management.
Product Traceability
Pipes are a vital component in various technical applications, ranging from machinery and flow systems in industries such as dairy and chemicals to medical equipment and automobiles. With Lighthouse ERP’s product traceability module, companies can track their inventory through every stage of the production and supply chain, from the receipt of raw materials to the shipment of finished products. This allows businesses to trace the origin of their products, monitor their quality, and ensure compliance with industry regulations.
Quality Control
ERP software can also help companies improve quality control. In the tubes and pipes industry, quality control is critical to ensuring that products meet the necessary standards and regulations. ERP software can provide real-time data on production processes, allowing companies to monitor quality at every stage of production. This can help companies identify and address quality issues early, reducing the risk of defects and improving overall product quality.
Also Read: Tube & Pipe India Emagazine June-July Issue 2023
Production Planning
Tubes and pipes companies need to be able to manage complex production processes involving multiple stages of production and machines. ERP software can help companies optimize production schedules. Material Requirement Planning (MRP) ensures that the right resources are available when needed, which can help reduce lead times and improve on-time delivery.
For over 36 years, we have consistently strived to provide impeccable software solutions that cater specifically to the diverse needs of the steel tubes and pipes industry. Lighthouse ERP has meticulously crafted a solution to accommodate the ever-changing demands of this sector.
Lighthouse ERP integrates all critical business operations into a cohesive system, providing users with a single source of truth for all relevant information. In addition, it streamlines processes by automating routine tasks and minimising the dependence on manual reporting. ERP solutions also incorporate robust quality control measures, effectively manage supply chains, optimise inventory levels, and facilitate efficient production planning and tracking, as well as seamless pipe identification.
Through countless hours of research and development, Lighthouse ERP has been engineered to ensure that it meets the highest standards of performance, reliability, and security. Our ERP solution has been rigorously tested and refined to guarantee that it delivers outstanding results, empowering businesses to respond quickly and effectively to evolving market demands. With Lighthouse ERP, you can be confident that your business operations are fully optimised and that you have the tools you need to stay ahead of the competition.
