Enterprise Resource Planning (ERP) is a process used by companies to integrate key parts of their business. Often important to companies because they help them integrate all of the processes needed to run their business with a single system.
An ERP system can integrate planning, purchasing inventory, sales, marketing, finance, human resources and more.
They are now typically cloud based software that offers users remote web-based access.
Key benefits include accurate rela-time data reporting and one single source of information.
Allows different departments to communicate and share information more easily.
With a single system connecting all parts of the business, an ERP application can often eliminate costly duplicate and incompatible technology.
For Example: One system integrating accounts payable, stock control system, order-monitoring system, customer database and e-commerce system.
Benefits of an ERP System
Enhanced reporting of real-time data from a single source. Enabling companies to plan, budget, forecast and communicate effectively.
More automated processes – leads to an ability to handle more orders in the same time. Being able to communicate more quickly with clients and suppliers, leading to quicker response times, increased accuracy and improved customer and employee satisfaction.
Associated costs often decrease as the company operated more efficiently.
Reduced errors regarding inventory management
Efficient use of resources
Is the perfect solution if you are experiencing E-commerce growing pains.
In an every changing political trading environments, it enables businesses to be agile and able to respond quickly when required.
What are the signs that I need an ERP system?
If you can relate to any of the scenarios, it is time to talk about a smarter alternative – an ERP system.