As companies continue to grow, they increasingly rely on processes, activities and systems to help run their businesses. These likely include a number of manual and automated workflows and procedures as well as a variety of applications and databases that are poorly integrated. While this approach may have served its purpose in the past, at some point it can become burdensome. And in today’s dynamic and highly competitive marketplace, it can dangerously impede productivity, profitability and growth.
While every company faces its own unique challenges, at some point along the way most will experience some or all of the following problems:
- Slow production cycles,
- Inefficient scheduling of resources (labor, machines and equipment),
- Slow inventory turns and high carrying costs,
- Uncontrolled purchasing procedures,
- Inefficient materials management,
- Data inconsistency across multiple repositories,
- High overhead costs,
- Poor on-time delivery rates,
- Decreasing customer loyalty,
- Delayed financial tracking and analysis, and
- Limited strategic planning capability.
Over time, experiencing any of these can negatively impact the bottom line. Being subjected to several at the same time can paralyze the business and make it impossible to survive in today’s competitive economy.
With disparate systems hindering growth and profitability, companies can benefit from the ability of the ERP system to help define best practices, optimize activities and gain control over processes. In fact, the most significant benefit of ERP software may be its ability to streamline operations. By automating business processes, which in turn improves accuracy of information and accelerates data flow, an ERP solution helps companies streamline day-to-day tasks and free up staff to focus on other more complex issues that require more personalized attention. As a result, productivity can increase and operating and overhead costs can be dramatically reduced. But how does the ERP system do this? Learn how an ERP system can do all of this and more by contacting us today.