To continue to be successful, businesses today consistently feel pressure to cut costs, outperform the competition and deliver high levels of customer satisfaction. While some find this to be a daunting task, others harness the power of Enterprise Resource Planning systems and their ability to streamline daily business operations. Businesses experience a multitude of benefits after implementing an ERP system, and this blog post explores three of those benefits.
1. Access to real-time, automated data
ERP systems act as a single source of truth for companies. Accurate reporting allows employees to have access to and work off of the same real-time information. ERP systems give businesses the ability to automate tasks and eliminate the tracking of operations via spreadsheets, which can drastically reduce manual errors, duplication of work and can free up employees’ time so that they can focus on other tasks. Jay Gordon, Senior Systems Support at Toyota Racing Development, notes: “With SYSPRO, everything is all there. Information is readily available for multiple people so it isn’t always ‘hey, can you tell me?’ They can just go in and look themselves. It is centralized. There’s a place where all of the data is at so it is easy to get. I manage all of the data and anytime people want to know information it is all there. They get what they need, now, instead of having to ask people and have word of mouth. It is accurate data.”
2. Better management of inventory
One of the biggest issues modern day manufacturers and distributors face is not having full visibility into their inventory levels. Optimal visibility into inventory can give businesses more effective control of supply and demand, the ability to forecast, and accurately cost a product, among others. Additionally, inventory management can help identify and eliminate excess, slow-moving and obsolete inventory, which can drastically reduce costs. The powerful tools in SYSPRO’s Inventory Management suite provide users with superior inventory control to be able to optimize stocking levels, free-up working capital, provide more effective customer servicing and benefit from improved profits. Edward Mundt of EMC can attest to this: “We went from maintaining inventory after the fact in an Excel database into a real-time inventory control mode, including the automatic transferring of inventory to our three different warehouses. We no longer have to worry about someone going in and updating the database when a new part is brought into inventory. With cycle counting and SYSPRO, we’ve greatly improved inventory tracking and control.”
One of the more recent benefits of a superior ERP system is the ability to access it anytime, anywhere, from a mobile device. SYSPRO Espresso, SYSPRO’s groundbreaking mobile platform, gives users access to all business data remotely and as easily as if they were in the office. This mobile solution enables users to create applications that will work on any popular device, providing instant and secure access to information about customers, suppliers, inventory items and other key business information. Mobile applications, like Espresso, can increase productivity, empower employees, improve customer engagement and streamline the supply chain. This is especially beneficial for those employees who spend time away from their desks and out in the field.
The above are just some of the benefits users have experienced from ERP systems- tell us, what positive results have you encountered since implementing your system?