Often, Small and Medium-sized Businesses (SMB) get their start using home-grown systems and those they’ve pieced together for specific purposes within their operations. However, as time passes and the organization grows, those same systems don’t scale and can hinder a business’ competitiveness because of poor performance. That’s where Enterprise Resource Planning (ERP) comes into the picture. An ERP system is one that integrates all your business’ essential operations into one interface, connecting the data you need to the departments that need it.
The latest component of Industry 4.0, Robotic Process Automation (RPA), maybe be an unfamiliar concept now, but soon these three words will be on the lips of operators big and small all over the world. RPA is already generating substantial revenue savings for businesses, with $50 million recovered in 2017, with a projected compound annual growth rate of more than 60% through 2026. Coupling this emerging technology with a business-centric solution like ERP systems will ensure your workforce is free to engage in the more demanding aspects of your operations, all while automation handles the rest.
There are a host of reasons why businesses ask the question: Do We Really Need an ERP solution? You may be asking yourself the very same regarding your business’ current state. For many growing enterprises, ERP is a “four-letter word”. However, operating within cobbled systems that demand attention with every little update or modification is like putting a Band-Aid on a bullet wound. This approach bleeds businesses dry. Addressing the shortcomings of siloed systems and preparing for growth before you’re inundated with orders, data, and paperwork by implementing an effective ERP solution will make all the difference.
Epicor Data Analytics (EDA) Release 7.3.0 has gone live and is now available to EDA customers. This release contains several bug fixes, new features, and key improvements. Here are the biggest takeaways to appear in the EDA 7.3.0 update. For more information on the capabilities and functionality of Epicor ERP, click the more info button below.
The new “marquee” feature for the 7.3.0 release, grid nesting allows users to create an “expand/contract” report within the EDA grid. Grouped by dimension, the nested grid will allow up to three levels of detail to be displayed. This can include everything from customer data, purchase history, and product information. Whatever data you wish to associate in the view, your preferences can be saved, added to the dashboard of your choice, or exported.
Maintenance, Repair, and Overhaul (MRO) costs can cripple a manufacturer’s bottom line, especially when the required work compounds problems by impacting production to a significant degree. Implementing a dynamic ERP solution, like Epicor ERP, can address the issue before it becomes a problem. Through an effective mix of Quality Assurance and Asset Management modules, Epicor has built a powerful solution to specifically tackle the tasks associated with maintenance management, from Small and Medium Enterprises (SME) to multinational corporations.
Your operations are scaling nicely at HQ, but coordinating with remote resources and even inter-departmentally in real-time is proving to be a significant hurdle. Most of your team is in-house, while any number of employees can be out on the road, on the manufacturing facility floor, or logging in remotely. However, you need everyone connected and on the same page to be functioning at 100%. A robust ERP system fro the likes of Epicor keeps everything in the pipeline and within arm’s reach, but you’ll be pinned to the desktop when making any significant maneuvers that rely on data from your ERP systems.
Following the most recent tax reform legislation passed by the federal government, manufacturers of all sizes have enjoyed success in their sectors. This week, White House Press Secretary Sarah Sanders delivered a daily press brief that highlighted how policies outlined in the new tax law have had a positive impact on businesses. One such success story came from Pittsburg, PA’s H&K Equipment.
H&K Equipment’s Story
The company was founded in 1983 by three entrepreneurs and run out of a garage. Today the company has grown to include 200 employees providing services in selling, renting, and servicing lift trucks, container handlers, railcar movers, personnel carriers, yard trucks, and industrial sweeping and scrubbing equipment.
Whether you’re adding additional capabilities to your existing structure or have outgrown your former methodology, you are ready to explore a more robust approach to tackling the challenges of growth. ERP software, such as NetSuite ERP, can support your enterprise across all channels and scale your business.
Designed with multi-level functionality, these powerful tools can address the needs of multi-company, multi-division, multi-currency, multi-warehouse, and multi-factory operations. Everything from shipping and receiving to accounting and lot control can be optimized using an ERP solution focused on process manufacturing.