Why Implement an ERP System?

There are many benefits reaped by implementing an ERP system within your business. Of course, you need to weigh the pros and cons in order to decide whether or not ERP implementation is the right choice for your business. But there are many positive things to be considered. Among the obvious factors of organization and communication lie very specific reasons that explain why ERP would be an investment worth making.

Efficiency

An ERP solution eliminates repetitive processes and greatly reduces the need to manually enter information. Many things will be automatically done, ensuring that it’s done timely and with no mistakes. No matter how careful you are, human error is inevitable at some point, and this eliminates that issue. It will also be easier for the company to collect streamlined data. 

Mobility

The solution of an ERP can be mobile-friendly and therefore can be accessed from many different places and platforms. If someone needs access to one of the databases, it can be pulled up from anywhere in the world. Let’s say there is an employee who plays a very active and important role in warehouse procedures for example, and they need to work from home for the day. They can pull up the software they need right on their mobile device and make the day as productive as they can.

Productivity

Because of the efficiency and automation now implemented within your business’s workflows, your staff will be left with extra time that would have been dedicated to correcting errors and manually accomplishing tasks.  With all of this time being saved because of the capabilities of your new ERP system, that time can be utilized in ways that are even more productive. All of the things staff used to waste so much time on accomplishing and then possibly even correcting are now automated efficiently, giving you back all that time to use to better your business.

Forecasting

An ERP acts as a resource-planning software which is automated to create more accurate forecasts. Because of this, businesses are able to make more realistic estimates. As a result, money is spent more efficiently and time is used where it is needed. In addition, the fact that the data coming in from many departments is now being communicated to each other helps to utilize it in every way possible. If sales show that a specific item has been in high demand at a particular time of year, you now know how much of that inventory to have in stock and when.

Collaboration

A business is made up of multiple parts or departments, all with employees working within their area of expertise. However, these parts need to communicate to each other clearly and efficiently in order to make up the whole which is the actual business. An ERP helps streamline communication between these parts so that they can work together for the brand. 

Scalability

A structured ERP system is built with the ability to add new users and functions as your business grows. In time, your business will grow in terms of employees and consumers- and its needs for specific resources will grow along with it. A smaller business may feel that they are able to handle the aspects of business without implementing a system to keep it organized and connected, but once it starts to grow, things will inevitably get messy and unorganized. You will need something at that time more than ever to keep things in line.

Integrated Information

With the integration of the many systems which collect data on different aspects of business, all of that data will now be available to you in one place. Learn more about your customers and their needs, as well as your inventory and finances. These parts may be separate, but they all relate to each other, and they all have one common goal- success of your business. The different parts will communicate to reach this goal for your company. 

Cost Savings

ERP is named as an investment because in the end, you will make back the money you spent to implement it. You will save on administrative and operative costs as well as saving on time. The time you would have normally spent making decisions, dealing with disruptions and delays, can now be utilized in a more productive manor. This will all result in a powerful ROI if done the right way. 

Reporting

Running reports will be easier and more efficient than ever with the use of an ERP system. This saves time and allows for more complex and improved reports to be created. In addition, the IT team will no longer need to be contacted for such a task, and they can use that extra time to focus on other tasks.

Competition 

While an ERP does in fact cost money to implement, it is an investment worth while. Not only for the benefits your business will reap directly, but the fact that the competition may be wasting no time in utilizing an ERP is helping them to rise above you. You have to always stay one step ahead of the competition.

No matter what you choose to integrate the many working parts of your company, there does need to be some sense or organization and efficiency in order for you to be successful. It’s best to go with a system that will work with you to change things thing you want to change and to keep the processes of your workflow that you don’t want to give up. An example of such a customizable solution is SkuNexus. With SkuNexus, there will be smooth integration within every step of your workflow. SkuNexus customizes to the business, not the other way around, making it different from any other software you will find. Click here to contact SKuNexus for a demo or to discuss your needs further today.