Enterprise resource planning can mean different things to different people and companies. That’s a sign of the versatility of enterprise resource planning (ERP) to improve a number of business processes.
From relatively small operations to large multinational corporations, Enterprise resource planning systems and applications can help in similar ways to manage and integrate the company’s most important processes.
- Inventory, warehouse and order management
- Shipping & Freight
- Customer Relationship Management (CRM)
In addition to streamlining these processes and more, ERP systems deliver a number of benefits that can make your business run more smoothly day-to-day and that make short- and long-term planning faster, easier and more effective.
Here are some of the high-level advantages of an ERP:
1. Lower IT Costs
Whether its reduced need for hardware to support multiple in-house systems, or the costs of training and support for different cloud-based applications, a consolidated ERP system lowers IT costs in almost every area possible.
- Fewer IT staff required
- Less IT infrastructure
- Fewer licenses required
2. Increased Data Visibility
Not only do current enterprise resource planning applications offer more data granularity, they can do so at more points in the supply chain. The result is increased business intelligence that helps inform your decision making.
3. Better Reporting & Analysis
Consolidated reports available through central dashboards offer many advantages. These include centralized analysis and comparison of functions across departments, versus everyone showing up at meeting with their own spreadsheets.
4. Improved Customer Service
With centralized client information, from current sales and order management to service histories, sales teams have more time to focus on customer acquisition and retention.
5. Greater Internal Communication & Collaboration
The ability to ‘sing off the same song sheet’ helps solve lots of problems. Before they start and keeps your business running in perfect harmony. And when it’s easier to communicate based on a unified, reliable source of information.The opportunities and frequency of collaborations can increase too.
If you would like to learn more about how your business can benefits from enterprise resource planning, get in touch with us here at AdvancePro.