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.
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.
For those unfamiliar with the Craft Beverage Modernization and Tax Reform Act, the recently passed tax reform applying to alcoholic beverage manufacturers, the short of it is that the legislation offers two years of heavy relief from federal excise taxes applied to one of the most severely taxed industries in the US. So, what are craft brewers, distillers, and vintners going to do with it? For most, the word is grow.
The tax breaks will translate into substantial annual savings for these craft beverage makers, between $20,000 and $100,000 to be more precise, and allow them to hire more staff, expand operations, and invest in marketing to build their brands.
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.