Many small-medium businesses feel they don’t need an Enterprise Resource Planning (ERP) system, that their business is simple and straightforward. An ERP facilitates the flow of information and coordinates all resources and activities within the organization. We can all agree a business needs more than a couple of spreadsheets to do that successfully.
Every business is unique and all have their own challenges to face. However companies in need of an ERP often face similar roadblocks regardless of the nature of their business. If your business is experiencing similar holdups to streamlined success, it may be time to consider an ERP.
Inability to Access Business Information Easily
Are your sales forecasts based on guesswork rather than solid figures? Businesses often struggle to pull out the needed operations information with inadequate tools. Without this insight it leaves managers unable to make the changes necessary to transform the business. When the administrative and operational functions and processes of a business are streamlined, there is less chance of error – higher efficiency and productivity.
Operational Costs
Does it seem to take longer to reconcile financials at the end of the month? Are employees relying on paper-based invoices and sales orders with countless hours spent manually entering them into different systems? Consider how much time is being wasted on your employees’ performing tasks that ERP software can handle in a snap. And the meaningful work your team could be doing with all of the time currently being waste. By streamlining data into one system, business owners save money on the software and management systems they were paying for each department.
Dispersed Data
Are different departments working on different systems? An ERP gives your business the ability to have all departmental data on one system. You can manage accounting, customer and vendor information, creates sales quotes and orders, as well as managing contracts and calls. Providing a real-time, enterprise-wide view of the business for faster and more effective decision-making.
Lack of Inventory Management
Inaccurate forecasts can wreck havoc on inventory levels. Ensuring that the right amount of product is in the right location at the right time is a vital part of business operations. Inventory management allows you to properly plan your replenishment orders, meaning fewer transactions and better accuracy. An ERP will keep track of detailed product and inventory information, create purchase orders and goods receipts, manage warehouse inventory, create bills for material and production orders while also managing resources and capacity. Improved organization can result in improved efficiency and better productivity in your warehouse. Your customer and employee satisfaction will go up and in turn so will your profits.
Regulatory Compliance and Traceability
It is imperative for food, beverage and pharmaceutical manufacturers to trace the origins of their products as well as their final destination. With recalls and regulations set up to keep consumers safe; paper or dispersed data puts limitations of how fast and how easily information can be shared that important information can be shared. An ERP allows manufacturers to have product traceability throughout the supply chain in real-time reducing the further risk of lost productivity and profits.
What type of business can benefit from an enterprise resource planning software? Businesses currently struggling and those experiencing rapid growth alike can benefit from an ERP. Allowing businesses to see real time data enables quick decision-making; resulting in savings of time and money. And regardless of the current state of your business these savings make sense.
Microsoft Dynamics NAV goes above and beyond the traditional ERP systems by bringing the applications that run your finances, sales and operations together with the familiar Office apps you already know. This quick to implement, easy-to-use solution provides businesses the insight you need to make smart decisions for your business’ future.
Contact us to take Microsoft Dynamics NAV for a test drive today.
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