14 Jun Strategies to grow your business with ERP
Every business, regardless of size and industry, needs proper methods in place to keep the business organized. After all, the organization is necessary to be able to run the business effectively and turn a profit. This is where Enterprise Resource Planning (ERP, wiki) software comes into play. ERP software is designed to manage various aspects of your business, from inventory management and optimization to production scheduling and planning.
ERP systems give businesses the chance to coordinate a variety of processes to give you greater control and a top-level overview of your day-to-day workflow; everything from customer relations and order automation through to inventory updates and production schedules.
If you’re still on the fence about how ERP software can work for you, here are some benefits that can contribute to long-term growth:
Take control of your business
Businesses need to ensure that the ERP solution they choose contains a solid, scalable, user-friendly platform which can grow as requirements evolve.
The ideal financial management module should be paired with an end-to-end distribution management function which runs right through from the requisition process to purchasing, order management, inventory tracking, and automated inventory replenishment suggestions.
For even better results, an integrated customer management module is necessary. This type of application provides real-time sales data and marketing functionality. A self-service customer portal capability would also allow your customers to access the relevant information you want them to see.
One of the biggest benefits of ERP software is that it cut costs without cutting corners. The accuracy and automation decrease operational and administrative costs. One of the reasons is because it allows manufacturers to better manage operations and prevents delays, and allows users to make quicker, more informed decisions. Decreased costs equate to higher profits, and once business owners understand where they’re saving money, they can discover other cost-saving opportunities in the business, too.
Choosing the right ERP solution involves considering several cost cutting factors, and there are many questions business owners should ask themselves when evaluating their options.
Technology has enhanced business operations, improving efficiency and productivity immensely in recent years – where some tasks simply do not require human input anymore. An ERP system can assist in the scheduling and automate production processes, appointments and even HR tasks to work reliably in the background, leaving your workforce to focus on the innovation that’s a key ingredient for business growth.
Empower your people
Take a look back at your past week. How much time did you spend on your mobile device, compared to your PC or laptop? Probably a significant amount! Mobile capability is essential in today’s business world. Your business isn’t confined to one building, so why should the people that manage your business be?
A quality, well-designed ERP solution will allow your your people to stay on the ball wherever it is they need to go – anytime, anywhere, and on any device. The last bit is particularly important, unless you want to be replacing all your employees’ phones with the same model of mobile device.
If you are currently operating different departments of your business across multiple databases and find it difficult to collate your business data, you simply can’t put a price on having a centralized ERP database that streamlines the reporting process so that all departments can work from the same information. The access to real-time data will provide a clear picture of the business which allows more objective decision making.