It can be difficult For small and medium businesses to identify when it’s the right time to abandon internal systems, or implement if none exist, in favor of a complete ERP solution. Shedding siloed data structures and cobbled solutions that end up costing more in time and resources than they are worth can bring small and medium businesses into a new era of action.
ERP systems are the ideal solution, allowing small and medium businesses to compete with larger enterprises thanks to the more efficient use of company resources, more intelligent data, and improved analytics of day-to-day operations. Up to this point, small and medium businesses may have been able to operate on home-grown systems or just on-the-fly approaches to operations. However, these attempts to run a successful enterprise can only last so long. Eventually, serious hurdles will emerge and lead to setbacks. If left unaddressed, these setbacks can grow into more debilitating issues. Here are some indicators small and medium businesses can use in identifying that the time is right for an ERP implementation.
If your business is having trouble tracking inventory, red flags should be raised. Inventory control is a huge component of ERP as well as a defining characteristic of a successful business. When inventory can’t be accurately managed, sales orders fail to be fulfilled. As a result, customers lose faith and business drops off. When managing inventory levels turn into a guessing game, ERP implementation is the solution.
Is your business throwing darts at a board when it comes to forecasting sales figures into the near and distant future? If this is the case with your small or medium business, you need better intelligence. ERP systems provide exceptional business intelligence and data maintenance components that give you more accurate sales forecasting. This way, you’re better equipped to prepare for the future expansion of your operations.
Poor Analysis And Reporting
Reporting and business analysis are a must for any business looking to stay afloat for the long-term. ERP capabilities in these sectors provide business owners with a better understanding of market performance, trends, and customer preferences. Reports providing key metrics allow you and your teams to adapt to changes in the market. Being agile and able to develop new strategies through the insights ERP provides will ensure your business stands the best chances in a dynamic industry.
Siloed Data Systems
When your departments are separated from data because they are operating within their own siloed systems, your business loses out on performance potential. Moving your operations to a unified online system will ensure all your employees are on the same page, with access to relevant data to deliver the best service to your customers. Information is a cornerstone of operations from the factory floor to the c-suite, no matter what size of business you operate. This improved visibility will allow employees to see exactly how they contribute to the business’ overall strategy and trajectory. Engage your employees and improve productivity by communicating strategy, setting measurable goals, and supporting your growth from the inside out using the unified data systems ERP solutions provide.
About Encompass Solutions
Encompass Solutions, Inc. is an ERP consulting firm that offers professional services in business consulting, project management, and software implementation. Whether undertaking full-scale implementation, integration, and renovation of existing systems or addressing the emerging challenges in corporate and operational growth, Encompass provides a specialized approach to every client’s needs. As experts in identifying customer requirements and addressing them with the right solutions, we ensure our clients are equipped to match the pace of Industry.