Why Study ERP Systems ?
- 1. Why Study ERP Systems?
- 2. Introduction • Enterprise resource planning software is used to manage a number of business functions, but how is it any better than other solutions? • Even though ERP may have similar goals to other solutions, its unique features make it a distinctive competitor in the software market.
- 3. 1. More Money Saved • Although many vendors have introduced flexible pricing in recent years, ERP packages are still a big investment. • First, ERP unifies many of the systems that may currently be fragmented in your organization. • By unifying systems, you help your staff utilize their time more efficiently. With ERP, users don’t have to hunt down a piece of information across multiple systems. . • Moreover, your organization saves money with ERP by eliminating the need for users to be trained on several systems.
- 4. 2. Improved Collaboration • The features of ERP applications can vary slightly depending on the program you are using, but generally, all systems improve collaboration in some way. • As mentioned before, the centralized database is an integral part of what makes an ERP unique. • This reduces any errors brought on by working with the incorrect data, further reducing costs. • Moreover, a central database reduces any hesitation or stalling during projects, since all team members have access to the company-wide data they need.
- 5. 3. Better Analytics A central database of information also aids in improving your analytics and reporting. Since an ERP records and stores all the data users input, it makes for an excellent business intelligence tool. As long as your vendor provides strong functionality, ERP software makes it easier and faster for your team to generate various reports. Reports that could take days of research and compilation without an ERP takes just minutes. Most ERP solutions provide a customizable dashboard so executives can see reports when they first log into the system. These reports may include everything from income and expense statements to custom KPIs that offer insight into certain functions.
- 6. 4. Improved Productivity • With traditional methods, tedious tasks are completely unavoidable. Tasks like generating reports, monitoring inventory levels, timesheet tracking and processing orders have historically taken employees hours to accomplish. • If you choose the right solution, an ERP can automate your most tedious tasks. • The database within ERP software eliminates redundant tasks such as data entry and allows the system to perform advanced calculations within minutes. • From this, ERP system solutions will increase your organization’s productivity, efficiency and profitability.
- 7. 5. Happier Customers • Managing your customers has never been so important. In our digital age, more and more people are turning to the internet to receive advice on what clothes to wear, what food to eat and how to live their lives. • The best way to improve customer satisfaction is to provide client-centered goods and services. • Along with contact information, an integrated CRM can show you details such as order history and billing information. The increased customer visibility helps you formulate your sales strategy for improved lead generation.
- 8. 6. Simplified Compliance and Risk Management • As companies grow and do business in different countries, it can be difficult to keep track of all the different regulations imposed on your business. • Luckily, many ERP offerings are built with these regulations in mind to help you maintain compliance at every stage. • Forecasting tools also allow users to predict events when it comes to demand, labor and budget.
- 9. 7. Improved Inventory Monitoring • A major challenge for growing companies is tracking and monitoring their expanding inventory levels. ERP utilizes barcoding, RFID tags and serial numbers to keep tabs on your inventory at every stage during the supply chain. • These tools help you keep track of inventory levels at different warehouses, which items are in transportation and which items are on the shelves ready for consumers • Inventory monitoring also bolsters reporting, as tracking technologies provide more accurate numbers.
- 10. 8. Improved Production Planning and Resource Management • Along with managing your inventory, ERP also manages manufacturing. • ERP provides insight into all manufacturing operations including the shop floor. This enables users to optimize production schedules, equipment and labor to maximize capacity. • Additionally, ERP manages your Bill of Materials (BOM) and fixed assets. With this software, users can easily create and edit BOMs along with keep track of all previous changes. • Fixed asset management allows users to schedule equipment maintenance to reduce unexpected downtime, improving your profitability and supply chain relationships.
- 11. Our Services • Don’t know where to start while deciding to shift to a more advanced ERP system? Confused about the customization capabilities of different ERP softwares? Not sure how to estimate the costs involved, and what to check in the product demo? • We’ll take the stress out of project managing your ERP implementation by: • Helping you pick a suitable ERP software (after assessing your business needs and requirements) • Negotiating license costs with the implementation vendor. • Preparing your team for change management (which is no joke). • Creating BRD and automating processes – you can rely on our expertise to implement the perfect ERP for your company. • Evaluate How to Optimize the Functionality & Cost of Your ERP with our ERP migration experts, Book your FREE call Now at below link- https://contetra.com/erp-implementation-solutions/
- 12. Website : https://contetra.com/erp- implementation-solutions/ Email Id : tejas.savla@contetra.com Phone No : 98338 18857