Before we get into the details, let’s cover a little bit about the benefits of good manufacturing software. Of course, the primary reason for switching to one of the top ERP systems is financial management. Indeed, the right system will provide you with measurable cost-saving capabilities while simultaneously helping to optimize your business processes, making them more efficient and economical than ever. But there’s much more to the story. Here are some compelling reasons to upgrade to ERP software:
ERP Provides Real-Time Data
Analytics are vital to any industry that wishes to adapt to the ever-changing needs of the consumer and the industry. One of the best parts about a good ERP is that it tracks data across many departments that you probably currently treat as separate entities, providing you with in-depth analytics so that you can tweak as needed to get the best possible results. This also helps you see how different functions affect one another.
ERP Enhances Customer Service
One of the things that many small businesses notice right away when starting out with an ERP is accuracy. With detailed visibility of inventory, materials, progress, scheduling, and shipping, there’s a much lower risk of error and disgruntled customers. Did you know that 90% of online consumers, according to a recent study by Business Wire, actively monitor their shipment status daily? The right ERP software can provide you with accurate, automated order tracking for a happier consumer experience, not to mention accurate inventory updates.
ERP Reduces Costs
All of these benefits work together towards one main goal — cost savings. A well-chosen ERP can save you money by reducing error, keeping customers happy, preventing inventory surplus or deficit, tracking expenses and write-offs, and reducing operational costs by automating and monitoring all of your company’s finances. Of course, a system that saves you and your employees time will also save you big bucks by allowing you to allocate labor elsewhere.
ERP Helps Grow Your Business
At the end of the day, growing companies need more of everything, including labor, warehouse space, time, and marketing. Most manufacturing software solutions work hard to optimize what you’ve already got and make space for more. For example, the right ERP could help you take advantage of your warehouse space so that you can store more goods without having to extend your facility’s footprint or invest in more storage. In short, they’re all designed for scaling businesses.
ERP Streamlines and Simplifies
Offering a real-time view of all your main processes under a single system, an ERP platform streamlines and simplifies many of your company’s operations. For many businesses, this means downsizing from various software solutions to a single one that puts all your primary functions under one umbrella. It also creates a central, company-wide hub that requires only a single software training for all departments.