Upcoming and growing startups have newer problems to overcome everyday. Fortunately, Enterprise Resource Planning (ERP) is available to help business become more efficient and utilize appropriately every company earning in order to reach out and connect with target customers. ERP is in demand for modern companies because it helps streamline business to reach company goals while disciplining from any possible deviations. To put it simple, your hard earned money will not go to waste on fruitless tasks.
By having a personalized ERP software for your business, ERP can assist in business growth, target the kind of customers you want and organize the people who it or the legal compliances. ERP has this capability because it has a simple way of functioning and impact any given business. This known as the 3P Way and here’s how it works:
- The planning: businesses are no longer running on a contingency basis. The more transparent the business operations, the more growth is seen. The ERP systems help company achievement because it organizes all company resources – capital, people, raw materials and more. It also helps plan resource allocation prior to respective cost overheads and thereby makes decision making simpler. Example: One business department has been incurring more than regular costs. A company owner will not be able to notice it, since he/she looks at the holistic picture but the moment he or she integrates an ERP system, one can clearly trace the costs of all departments and compare them for efficiency.
- Parity: What is an organization exactly? An organization is a systematically arranged group of people, working towards a common goal. This goal can be more money, growth, expansion, entering into newer markets or anything business related. When everyone has a common goal, everyone in the company should be on the same page. If one department doesn’t know the operational details of the department it is supposed to collaborate with, how will they collaborate? To keep all team members, irrespective of their departmental backgrounds on the same page, ERP can help align them.
Example: What if you’re Sales, Purchase and Production teams aren’t on the same page? The Production team will never know when the Purchase team will come up with raw materials. The Sales team will never know when the Production team will finish up their task. And the Purchase team will never know when the Production team runs out of materials! All the teams attribute their failure to one another. But the actual villain is the communication gap. ERP helps you fill it up.
3. Precision: When you know where to go and how to go, all you need to do is go. That is what ERP can do for a business by helping to identify the company goal and how to reach it. When you know what your goal is and how to reach it, ERP will help the business team stick to the plans. Example: When you know, what is the requirement of a particular department/project/team, the business team can plan for it in prior by studying the data and stick to the plan. ERP helps you determine these intricacies so the business team can plan and stick to the plan. For more information on improving workplace relationships and business growth, subscribe to the Examiner Career and Relationships column today.