ERP is a three-letter word that does not evoke a sense of awe these days. And that’s because it isn’t anything but a tool that needs to be used extensively if industry anywhere is to work smoothly and efficiently. Most countries worldwide aren’t on the starting of the industrialization curve any more. In fact, most are at a stage where they expect quite confidently, to grow and prosper. In such circumstances, everyone from the office boy right up to the owner of any enterprise now wants to concentrate on activities that result in growth and do away with mundane and repetitive activities which though important, can be done better and with far more efficiency and speed by machines.
In the world of business, this speed in business operations is brought about by an idea that has three words: ERP. Once in place, an ERP business software solution helps with practically every activity of most businesses including procurements, storage, production, finance, HR, sales and marketing, and collections and disbursals. That, pretty much sums up the entire activity most businesses do these days! That being the case ERP planning software is looked up to for the following reasons which is also the reason why we need an ERP business software in most organizations!
1. Systematization of the system of working in the entire organization!
Humans are in the habit of forming and formulating systems that make their lives easier and their work faster though sometimes these processes may work counter to that of the organization as a whole. There are those very happy and content working with excel and word kind of set-up which obviously isn’t fit for an organization that looks for speed and efficiency. Imagine an entire organization working on these lines! Slow is what they would be besides being supremely inefficient & ineffective.
Compare that with what the 21st century client wants, and what you have on hand in a lumbering dinosaur which looks big but whose worth doesn’t count for much. What needs to be done to get an organization to work with military speed and precision is an ERP which links every activity and department onto a central theme and a backbone such that every keystroke in any department goes towards furthering the cause of the organization with the least bit of waste and in-efficiency. Agreed, some of the activity may seem largely out of place but seen from the context of ultimate results and what they help achieve, it’s well worth the efforts and resources.
2. Better reporting across departments and activities!
Imagine a CEO or a director getting half-a-dozen loose papers from every department of the company and then having to sit with them to make sense out of it! And imagine if this activity has to be done 2-3 times a week! It would be a sheer waste of time, energy and resources. If the same activity and information were to be consolidated thru an ERP business software solution, and additionally run thru another decision support software aided by AI, BI and Big-data, the effect of the information could turn the fortunes of the organization completely around and help it get over its ROI and make considerable profits! Competition being what it is, there is no way other than automation to put things in order and get information at the speed of light so that the right decisions can be taken much ahead of competition!
3. Better quality of response to situations in lesser time and money!
An ERP business software solution helps businesses get crystal clear information at the drop of a hat. Key managerial staff is then aware of what goes on in each department, and remain in a position to take action immediately. In these times when demand for products changes in hours as against days and months in the past, one is left with no option but to get the best information about customers demands at the earliest and that too qualified by experts in terms of the right response to be taken for a situation. All this is impossible to even think without an ERP business software solution. These may seem expensive initially but if seen against what they help accomplish, they are worth every penny being saved and made!
4. Dealing with regulatory compliances!
An employee, whether on rolls or on contract is an asset and a liability; asset as his/ her presence guarantees a level of productivity, liability as he/ she comes with a load of compliances which the organization has to go through for the longest of time. The same applies to practically every department of a business, more so when the activity is manufacturing and production, and even more so where the item being manufactured or produced is hazardous or remotely life-threatening to humans and the ecosystem. One slip in any direction, and which is something not entirely unheard of, can mean the difference between a business that grew and a business that had to close shop. To obviate such occurrence besides fines, penalties and other strictures, the best course of action is to have an automated system that besides helping take care of compliances by automatically helping update information, also warns its owners by giving alarming signals at the right time and juncture. All this is possible only when an organization has a ERP business software solution on board in the organization.
ERP business software solutions are a necessity and NOT a luxury anymore. Those who think otherwise may not have the time to even regret their decision given the speed with which things change in the sphere of economics and business. If you think the time is ripe, go for it, RIGHT NOW!