Businesses of all sizes can benefit from Enterprise Resource Planning (ERP) solutions. Companies are implementing these systems to handle a variety of different types of administrative functions like payroll, advertising, warehouse management, sales, inventory, distribution planning, and shipping. Here are four specific industries that could benefit from enterprise resource planning solutions.
Why Manufacturers Need ERP Solutions
Manufacturers need a platform where they can streamline communications between different departments. Different groups within an organization supporting a key item of a process require solutions like these to communicate updates across different groups. Material planning triggers teams to replenish levels as inventory is used.
Production planning is coordinated around the various resources in place. ERP systems give companies access to real-time information so that they can make accurate decisions. Modules support accounts payable, accounts receivable, purchasing and inventory management. The flexibility of these systems can be expanded to meet emerging needs.
Why Big Box Retailers Need ERP Resources
Big box retailers rely on these systems to coordinate activities for multiple locations and synchronize data. The centralized system connects distribution centers to retail locations. At the headquarters level, suppliers and vendors can be managed to address the inventory levels. Companies can track sales data at different locations, enabling robust reporting capabilities on a regional or national level. Requirements like forecasting and replenishment can all be coordinated through an ERP.
Why Consultant Companies Benefit from ERP Solutions
A consulting company benefits from using an ERP for functions like sales order entry, customer management, lead management, invoicing, shipping and job costing. These systems consolidate customer data into one central database solution. Consultants can track leads and interactions with their customers. They can manage key accounting functions and offer extensive reporting.
Why Construction Companies Benefit from ERP Solutions
A construction company utilizes ERP software to manage job cost responsibilities. During the course of a job, certain project management tasks and milestones can be supported into one key solution. Billing may have to be attached to a particular milestone. Tracking payment history and managing inventory levels are all essential functions backed by the ERP solution. Available modules support disbursement of payments to contractors, vendors, and suppliers.
Deciding on Whether or Not It Makes Sense to Adopt an ERP
Companies that rely on different processes to operate a business smoothly would benefit from a central ERP resource. Shared between multiple entities, the ERP solution can make teams more effective and productive. Accessing key information to evaluate the company’s performance across multiple areas requires a solid solution. Key performance metrics can be evaluated if the data is organized, and ERP systems can consolidate large volumes of data.
Accounting departments can rely on a number of manual processes. Entering sales or invoicing data across multiple systems and platforms eats away at productivity. The ERP solution saves companies time in eliminating much of the redundant processes. A company relying on multiple solutions to manage various processes may find it difficult to field requests about shipment or product availability if information isn’t easily accessible to key groups.
It becomes increasingly difficult to manage customers when processes are managed in separate solutions. It can be that much more difficult to create a good customer experience if customers have to wait longer for the right information to become available to them.
An ERP system streamlines and manages large volumes of information. In consolidating the information into one convenient solution, the ERP system saves key personnel time in several areas. Companies can manage their inventory, accounting, replenishment, customer service, shipping, job costing, and sales conveniently in one solution. ERP systems improve the company’s ability to collaborate, plan and share information across multiple groups. Companies become more productive and eliminate duplicative processes when implementing ERP solutions.