In Part 1 of this blog, we learned what Enterprise Resource Planning means and how important it is to run a successful business. In this blog, let’s take a look at the six pillars that form the foundation of a successful ERP solution.
In any business that involves use of assets - equipment, tools, people, every second counts and every mistake comes at a huge cost. Removing any chance of error means taking care of maintenance, planning, scheduling and execution. Every asset in a plant needs special focus so it can perform at its best or be taken care of, so that in the case of any problem, the rest of the production process is not affected. This is where an Enterprise Asset Management (EAM) software, a part of ERP, comes into the picture.
With a good cloud-based, EAM, you can experience the following benefits:
The Finance department of a business is like the heart which pumps blood for the body - without it, no business can run. Unlike what many may think, a lot more is involved in financial management, than balancing the books. A good ERP software can help in managing the various processes that fall under financial management :
Innovation is the key that unlocks business growth. For it to become a successful undertaking, it is critical to stay organized, develop a close eye into every aspect of the way the business functions and make the right decisions about the next stage of growth. Here are a few advantages of adopting ERP to manage the manufacturing process:
With the variety of goods and services available to consumers, what sets your business apart from the rest? Why should a consumer choose you? The department that can best answer that question is the Research and Development and Engineering, which develops personalisations or unique characteristics of a product that feel very personal to a consumer. ERP can help in the following ways in this crucial function:
In a competitive market, the difference between winning and losing is most often, the sales strategy. Staying ahead of this rat race involves managing customers and drawing them to you. Here are the top advantages of using ERP to manage sales:
How do you judge the success of any business? It is by the number of customers who come back for more. Customer loyalty is built with a strong service team who can handle any post-sales issues. ERP enables a business to manage this in a way that customers love best - quick turnaround times and friendly service. Here are the main ways ERP helps build post sale relationships:
As we can see, ERP brings all aspects of a business together into a single platform so that you can make informed decisions about your present and future business endeavours.