Small and medium enterprises (SMEs), also often referred to as small and midsize businesses (SMBs), have a tremendous advantage over larger enterprises and many don’t even know it. Because of SMEs’ energy and agility, they are more able to adapt to changes in the marketplace, adopting and implementing ERP solutions and emerging technologies to give them an operational advantage over larger enterprises.
SMEs are not subject to the same bureaucratic processes that corporations and other large enterprise have adopted over the years. Winning customers over with a more modern sensibility and customer-centric approach, SMEs can perform when they need to and turn on a dime when the market demands it. With larger enterprises, the adage of a big ship takes longer to steer fits appropriately alongside industry examples. Their size makes them far more able to weather storms, but less capable of maneuvering. Therefore, SMEs should be getting on board with ERP software platforms and modern automation tools to make their jobs easier now, before their current systems are outgrown at a time when operations can’t afford to be put on hold for an implementation.