Imagine a world where all your employees, whether in accounting, customer service or manufacturing, can access and edit your business data in real time, making business process management a breeze.
No need for you to painstakingly track customer orders and your suppliers manually before talking to manufacturing. Once a team member enters data into the ERP (enterprise resource planning) system, it’s there for everyone to use, from your human resource department to project management and accounting.
Now, think of all the time your employees currently spend hunting down business data during customer and management meetings or even financial audits. How much would your enterprise save? That’s what the best ERP systems can do for you.
How Does ERP Software Help Your Business, and Why Should You Care?
While ERP implementation always comes with an initial investment and a learning curve, it can help you streamline each and every business process.
This not only reduces friction in your operations, inventory and supply chain, but the best ERP software also eliminates manual and often redundant data entry across your business and its multiple systems. That way, you’ll always have access to the most recent business intelligence — no matter if you’re trying to track a recent complaint in your order management tool or gathering accounting details about a supplier.
With the right ERP system, you can enhance your operational efficiency and improve collaboration throughout your organization, allowing you to reduce costs through supply chain management, regulatory compliance and inventory management.
Thanks to organization-wide transparency, you’ll make more informed decisions and become a more valuable business partner.
It’s good to keep in mind, though, that you should establish expectations before making any changes. If you’ve reviewed your business processes, done your internal research and identified pain points in each department, it’s much easier to find the right solution.
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Tom Kelly is a globally recognized expert on Industry 4.0 and its impact on business. As executive director and CEO of Automation Alley, a Michigan-based nonprofit Industry 4.0 knowledge center with a global outlook and a regional focus, Tom is often tapped to share his visionary leadership and expertise around digital transformation. As executive director and CEO, Tom has been instrumental to the success of Automation Alley’s Industry 4.0 initiatives, designed to help businesses jumpstart or accelerate a digital path to strategic success, including Integr8, the global Industry 4.0 conference; the 3D printing network Project DIAMOnD; and the formation of the World Economic Forum’s U.S. Centre for Advanced Manufacturing. Tom serves as co-chair to the World Economic Forum’s Global Network of Advanced Manufacturing Hubs and is a member of the Additive Manufacturing Coalition Steering Committee, Fraunhofer Technology Advisory Board, JAMA Board, and Michigan Manufacturing Technology Center Board.
