Every business is unique in the sense that each has its own needs, requirements, and constraints. But regardless of whether you’re in manufacturing, retail, software, service-based business, or anything in between, your organization can benefit from an investment in an ERP system.
5 Reasons to Invest in an ERP System
How you deploy an ERP system may vary from how the next business uses its solution, but the overarching benefits remain the same. Here are some of the specific reasons why your organization needs to invest in an ERP system sooner rather than later.
1. Keeps Data Organized
“By and large, organization isn’t something that Americans are good at. We tend to have too many things, misplace items, and revel in clutter. It’s essentially a national pandemic that’s affecting a large majority of the population,” explains Green Residential, a property management company that interacts with hundreds of individuals on a monthly basis.
They reference a study that shows the average American spends 55 minutes per day looking for things they own but can’t find, while the typical office worker spends an astounding 1.5 hours per day looking for documents and items they need. In other words, we aren’t very good at staying organized on our own – which is why your business desperately needs a streamlined solution that automates organization.
While there are a variety of tools you can use to keep data organized within your company, few are more flexible and in-depth as an ERP system. It does the work of organizing information so you can focus on running your business.
2. Improves Workflow
When data is organized in a more systematic fashion, it’s more accessible. And when data is more accessible, it means processes are simplified and all of your employees are able to spend more time doing their jobs, as opposed to searching for information. The end result is maximized productivity and workflow.
3. Makes it Easier to Track Inventory
Supply chain management is a huge responsibility, especially when you have products and materials coming and going in different directions. With the right ERP system, you’re able to accurately track stock (regardless of where it is) and prevent issues related to things like over-ordering, over-selling, and spoiled/expired inventory. It also cuts down on the amount of time spent tracking down missing inventory and materials. This leads to a more efficient use of time and less employee frustration.
4. Controls Costs
In order for an investment in an ERP system to make sense, the savings have to justify the expenses. Don’t worry, though – they far outweigh the expenses.
When you implement an ERP system into your company, you can expect to save on transportation, inventory, employee training, capital expenditures, and a number of other costs.
5. Makes Customers Happier
At the end of the day, an investment in an ERP system will make your customers happier. Not only will they have fewer problems with quality, delays, and cost, but they’ll have more trust in your brand and everything it can offer them. Considering that happier customers are more profitable customers, is there any benefit that matters more? Most businesses would have trouble finding one.
Take Control of Your Business
An ERP system does different things for every business, but the benefits are undeniable. If you’re looking for ways to improve organization, enhance visibility, control expenses, and drive higher customer (and employee) satisfaction, then it’s time to stop messing around and start focusing on this all-important aspect of running a successful business.