What Are the Benefits of an ERP System? 09/25/2011
Companies that practice 'Best Practices' invest in a solid ERP system. An ERP system provides the solid operational backbone manufacturers and distributors need to improve the volume of production and fulfillment of orders while reducing costs. By optimizing your manufacturing and distribution operations with ERP, you'll also be able to focus on new business opportunities. Here are the benefits of an ERP System: • A single integrated system • Streamlining processes and workflows • Reduce redundant data entry and processes • Establish uniform processes that are based on recognized best business practices • Information sharing across departments • Improved access to information • Improved workflow and efficiency • Improved customer satisfaction based on improved on-time delivery, increased quality, shortened delivery times • Reduced inventory costs resulting from better planning, tracking and forecasting of requirements • Turn collections faster based on better visibility into accounts and fewer billing and/or delivery errors • Decrease in vendor pricing by taking better advantage of quantity breaks and tracking vendor performance • Track actual costs of activities and perform activity based costing • Provide a consolidated picture of sales, inventory and receivables The benefits derived from ERP can far outweigh the costs of the system, providing that the system is selected carefully and is appropriate for your company from a feature, cost, and technology standpoint. Call me for a no-commitment consultation. Add Comment | AuthorMike T is a Sage Accpac Certified Consultant. Mike likes helping clients’ organizations be more competitive and achieve their goals. ArchivesNovember 2011 CategoriesAll |
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