Companies need to be able to keep efficient track of all business processes, including managing finances and company departments to ensure that the entire system is running as smoothly as possible. Since the 1990s, larger companies have been using a system known as ERP, or enterprise resource planning, and now smaller companies are also starting to integrate this business management software into their own networks. ERP helps companies to handle all of the processes that are needed to run a modern business, including managing the inventory, HR, sales and customer relationships. With Enterprise Resource Planning software, companies can view reports on all of these departments in a single program, and even switch between reports to track changes or follow a failed chain of supply back to the source of the problem.
Does my small business need ERP?
Although enterprise resource planning can change the way that a company operates, many SME businesses don’t use this software. Most small businesses believe that they don’t need software to run a business with only a few people in it, but they are in fact making a serious error. If you have a business which operates with staff, then you need to be able to control and monitor every aspect of the business, simply because you need to be able to hold people accountable for actions while working. It is also important to be able to monitor basic processes, such as stock flow, in order to ensure that your business is functioning as efficiently as possible. Without the right kind of software, you may struggle to get a full grasp of everything that is happening in your company.
What can the ERP do for me?
When you install Enterprise Resource Planning software in your system, you will be able to see that there is a wide range of options when it comes to implementing and interpreting your data. The software is introduced into the company’s computer network, and can be used to automate processes such as stock control, repeat orders, and invoicing. It can also be used effectively by your financial staff to ensure that the payroll is accurate and up-to-date. You avoid mistakes such as duplication or missed orders, and you can also avoid common problems in the warehouse such as lost stock and misplaced products.
Why is ERP so important?
A business with any number of employees needs to be able to handle their staff as efficiently as possible while also encouraging them to improve their performance. What this means is that the company is able to improve staff performance, prevent staff from working on conflicting projects, and manage your organisation as a single unit, rather than as separate departments.