ERP System Need for Modern Workplace

By IT Advisory, 3rd Eye Advisory®
ERP System Need for Modern Workplace

An ERP (Enterprise Resource Planning) system is all about connecting resources within an organization, integrating data across multiple departments to streamline processes, effective data collection, and more. ERP solution is often a multi-module application solution and can help resources in the different industries to manage essential parts of the business, including accurate decision making that contributes to critical business initiatives.If you want to determine whether or not to deploy an ERP solution, here are some reasons why you should introduce an ERP system in the modern workplace:

  1. ERP System Integration
    An effective ERP system provides several tools for integrating many aspects of any business processes and unifying the staff that works within your company. The end result is significantly improved productivity and workflow.

    ERP systems are configured as an integrated software suite that provides a robust platform that supports many complex business operations and processes, such as CRM (Customer Relationship Management), SCM (Supply Chain Management), HR (Human Resources), Finance, and Manufacturing, are integrated into one system.
  2. Business Procedures Improvement
    Instead of your data being scattered in different places across your organization, an ERP system enables the data to be fully visible within an organization. All your data will be in a centralized repository. This enables you to easily see key performance metrics (KPIs) and acquire the business intelligence that is necessary for accurate decision making. It also ensures that all company resources are properly affiliated to support your overall business strategy.
  3. Enhanced Access Control and Data Accuracy
    Whenever you use a professional ERP system, you can rely on top of meaningful information such as Profit and Loss at the end of day, as opposed to wait for the end of the month when it is too late to make changes in business performance.

    A perfect implementation of ERP system allows departments to ensure business transactions and other entries are entered correctly to the system. This allows everyone across the organization to deal with issues as they arise instead of discovering them at the end of the month.
  4. Improved Supply Chain Management
    A supply chain is a complex business process for any organization and comprises of different enterprise functions in an effort to organize the processes more efficient.

    Whenever supply chain is implemented within an ERP system, it provides systematic coordination of activities that were once isolated across all departments. By enabling the facilitation of daily operations through enhanced communication and organized workflow, companies can lower operating costs through better planning, better decision making and meaningful insights.
  5. Enhanced Inventory Management
    Inventory management is an integral part of the supply chain in any organization. ERP systems ensure that inventory management maintains inventories at a minimum while fulfilling customer demand. The early generation of inventory management involved departments similar to the modern method of inventory management, however these departments were completely unconnected from one another. There was very little coordination across departments which resulted in a lot of guesswork and inaccurate decision making.
  6. Effective Customer Relationship Management (CRM)
    In place of customer data being scattered across different departments, a quality ERP system will place all customer data in centralized server. The modern ERP systems are SMART and collect marketing intelligence data on every customer to help companies personalize customer service.

    I.e., if you enter a customer information in the CRM of an ERP system, that specific entry is reserved just for the customer and includes all correspondence, accounts, inquiries, customer interests, and more. The data entered upon every contact or sale and will be available across organization to allow any department to offer state-of-the-art and personalized customer service.
  7. Organized Office Tasks
    An ERP System provides a wide range of tools that can automate processes for back office tasks that can be otherwise tedious and time consuming. If you choose a high quality ERP system, there is an countless number of tools for generating reports associated with expenses, Employee Data, pay slips, supply chain processes, financial data, inventory, and much more.

    The tools that organize office tasks can be customized to meet specific business needs. For example, if you want to view specific Key Performance Indicators (KPIs), you can configure the system to extract the specific information you want to view and analyze, regardless of department. This saves a lot of time searching for the right data, performing accounting tasks, analyzing processes, staying on top of sales and distribution, and more.

The Bottleneck
High quality ERP systems provide a way to easily integrate all business procedures within organization. It is also important to mention that everyone within the organization must adopt the workflow and procedures in the ERP system. If everyone fails to mutually agree on the system method and it does not provide for customization, this can significantly compromise business processes.

Hence due to above reason, organizations should carefully choose a reputable provider of ERP systems or customized ERP Systems. Whenever you choose a quality solution, it should match up with your organizational needs, provide customization capabilities, and be scalable to allow for organizational growth.

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Article by: IT Advisory, 3rd Eye Advisory®
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