Running a business requires many different processes, policies and procedures. When you’re trying to ensure everything is completed in an appropriate and efficient manner, staying organized can make all the difference. However, when things get moving, it can be difficult to control.
This is where ERP, or Enterprise Resource Planning, can come in handy. An ERP system can allow you to put everything in one place, ensuring you’re keeping an eye on all the different systems that must work together for you to be successful.
If you feel like running your business is becoming too difficult to control, you may want to consider adopting an ERP system. Let’s look at five situations that may mean an ERP system is the right choice for you.
1. Your Departments Struggle to Collaborate
In order for your business to be successful, there needs to be smooth collaboration between your various departments.
If your various teams aren’t working together, then it can be difficult to create a business that runs the way it should. You’ll constantly run into problems, unnecessary hurdles and a mismatch of ideas.
An ERP system can give your departments the ability to collaborate. You can easily share information, let everyone know what you’re working on and receive feedback on projects and ideas.
2. Your Schedules are Disorganized
Whether you’re trying to plan meetings or you’re setting launch dates, you need to be sure you’re on top of your schedules. If you’re constantly falling behind on your expectations or you’re missing important appointments, your business is likely to struggle to take off.
Your ERP can help you map out schedules that ensure you’re getting your work done on time.
Through using an ERP system, you can develop a strategy for your pipelines that allows you to meet both your expectations and your customer’s expectations.
When you’re meeting your deadlines more efficiently, you can attract new business and keep your past customers happy.
3. You’re Struggling to Manage Your Inventory
Knowing how much inventory you have ensures you’re able to fill orders as necessary. If you’re low on inventory and you’re not aware of it, you may receive orders that you can’t realistically fill.
Not only does this cause lost business, but you could ruin your reputation with customers who would have otherwise been happy with your offerings.
Not only will an ERP system allow you to monitor your inventory by seeing how much inventory you currently have, but you’ll also be able to better plan to replenish your inventory so it doesn’t get low.
You can use the various systems to ensure you’re beginning production with enough time left before you run out of inventory, always guaranteeing that you’re able to meet your customer’s needs.
4. You Don’t Have Clear Business Insights
Having real insights about your business is important for creating projections, mapping out plans, and knowing whether or not you’re on the right track to achieving growth.
However, developing those insights comes from having a clear understanding of how your business is performing. If you’re not properly tracking, monitoring and observing the different components of your business, you won’t be able to truly take off.
With an ERP system, you can easily track the various metrics you need to develop those insights.
You can see how certain products are performing, if you’re meeting your financial goals and if certain departments or areas are struggling to attract attention from your audience. This will allow you to develop the right strategies to improve upon what you’ve already accomplished.
5. You Struggle to Work Remotely
We’re living in a digital age, so if your business isn’t up to the technological standards of your competitors, you may find it difficult to grow.
Because problems can happen at any time, you need to be able to access your various documents, systems and software no matter where you are, including from your smartphone, tablet or laptop.
If you’re unable to meet these standards, problems may run for longer than necessary—damaging your reputation and losing customers.
Managing your business with an ERP system can allow you to work from wherever you are. By being able to do work remotely, it doesn’t matter whether you’re traveling, commuting, or simply away from the office.
You’re able to answer questions, solve problems and double check that everything is where it needs to be. Not only can this give you comfort and peace of mind, but it can also help your business grow.
An ERP system is incredibly beneficial to many businesses, especially those who feel overwhelmed by the various workings of growing a company.
If any of these five situations sounded like you, it may be time to consider adopting an ERP system. When you put everything in one place, you may be surprised at how much your business can grow.