ERP stands for Enterprise Resource Planning. It integrates all the core processes needed to run a company like finance, manufacturing, supply chain, services, procurement and more into a single process. Modern ERP’s use modern technologies like AI and Machine Learning to improve efficiency and transparency in the daily activities of the business and promote free flow of communication across the organization. ERP systems eliminate data duplication after collecting all shared transactional data of an organization from multiple sources.
The volume of work entrusted on employees are directly proportional to the growth of an enterprise. Until recently, many companies used spreadsheet, e-mail etc. to reduce the tiresomeness of manual logistics. But in this dynamic age, they’re not quite enough to handle the strain of handling every aspect of business.
You know your company is ready for ERP when:
More time is spent on day-to-day activities
Without an efficient and centralized system, the enterprise will be spending too much time in day-to-day activities like book keeping. With ERP that time can be spent productively.
The enterprise is neck deep with paperwork and manual processes
Depending on paper and manual entry of data will unnecessarily use all the data of employees and they need to be properly scrutinized to make sure the data is correct. More often than not, using spreadsheets won’t be quick enough. That’s where ERP comes in. They not only allow the enterprise to automate it’s recordkeeping and data storage, the process will be efficient with accurate data.
Constant disarray between inventory, sales & customer satisfaction
With the constant growth the overwhelmed employees might find it difficult to handle the workload and there may be complete mismanagement between the inventory and sales. ERP solves that issue with the help of a single integrated software
The growth of the company is beyond expectations
When the enterprise is going through sudden growth, the workload assigned to the administrators increase in a proportional manner. Which could be overwhelming for them. ERP will reduce the strain of such heavy workloads.
It might not be easy for many organizations to adopt an ERP Solution quickly since they’re not used to such solutions. But it’s not exactly ideal to not stay in the course and ignore the opportunities and cost cutting measures in adopting ERP solutions.
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