6 Benefits of ERP Systems That Are Often Overlooked

None of the comforts and conveniences of modern life that we take for granted would be possible without a little something known as software. That’s right, simple lines of code revolutionized technology in a way unlike any other major development did and changed the world in the process. Software surrounds us; it’s become indispensable and we’re all the better for it.

This is perhaps doubly true for businesses. However, when it comes to the world of more complex software, such as enterprise resource planning software, or ERP for short, some business owners can be wary and forgo it altogether. In this piece, we’ll be taking a deep dive into the amazing benefits of ERP systems that tend to be overlooked, to convince you why that’s a mistake.

Here’s a comprehensive look at the top benefits of ERP systems.

1.Boost and Tighten Security with Business Data

Cutting-edge modern ERP systems typically offer advanced user-permission settings. In other words, you’ll no longer need to use unsecured Google documents and Excel spreadsheets for your inventory and financial needs.

ERP software is far more robust and secure when it comes to carrying out these functions. The ability to set user permissions through ERP software’s access control functionality can prevent sensitive information from leaking; users will only be able to access the information they need to from the system.

In the event that a security vulnerability is discovered, vendors can quickly and easily patch it and share the update with users automatically.

2. Take Advantage of Community Support and Knowledge

There is certainly no shortage of businesses that use ERP systems, many of whom are from the manufacturing sector. Companies that do utilize ERP software for their operations tend to have staff that is actively involved with the sizeable and diverse online community that uses the platform. This means that if you ever run into a particular problem with the system, the odds are that someone else has too.

This makes addressing issues with the software that much simpler. You simply run a search regarding the problem on the platform’s knowledge base and voila, you’re directed to a wealth of resources to possible solutions. These communities tend to have fairly active user bases so you can always receive solutions from other users as well.

3. More Informed Decision-Making with Streamlined Data

When businesses use disparate software systems that are poorly integrated, they typically end up with non-standardized and messy data. Poor data translates to inaccurate year-over-year comparisons, making it far more challenging and time-consuming than it needs to be. When it comes to making accurate and informed business predictions, you’ll be hard-pressed to make them useful.

Using a state-of-the-art ERP software system, on the other hand, means you’ll have access to applications that are well-integrated with each other. Your business’s data will be uniform across these applications, and the tools you’ll need to view business predictions and year-over-year comparisons will all be built in the software. The system is user-friendly, and tools are presented in a dashboard format that’s easy to read and understand.

In other words, an ERP is a one-stop powerhouse for all your business’s key performance indicators (KPIs).

4. Following Regulations Made Easy

Running a business means following governmental regulations for business operations that employees typically have to manage around. Most ERP software systems, however, come equipped with tools that make regulatory compliance easy. Product traceability, data security, and financial accounting will all be streamlined and compliance-ready.

For example:

  • Financial records for publicly traded companies must be 100% accurate. ERP system software makes sure that is the case through Generally Accepted Accounting Principles (GAAP).
  • An ERP system allows small regional food manufacturers to benefit from its built-in product traceability tools. Companies can utilize the tools to trace improper handling or contamination straight back to the source when manufactured in the plant. This will also go a long way in helping reduce the environmental problem of food waste.

5. Incentivizes and Empowers Employees to Generate Revenue

When your business is bogged down with decentralized data and inefficient processes, you will also incur greater labor costs. For small and medium-sized businesses that have limited resources to begin with, this is simply unacceptable.

By integrating an ERP software system into your business, you will automate and simplify the daily tasks your employees would normally have to carry out on a daily basis. It’ll free up their time to better perform tasks that play a more significant role in generating revenue. For instance, ERP software automatically ties sales orders with your accounting system, or runs reports automatically, eliminating the need to use disparate spreadsheets.

Businesses will find it useful to think of ERP systems as a technology strategy. They are adept at automating and linking operational and administrative capabilities such as manufacturing, distribution, purchasing, HR, and finance. Businesses can utilize this strategy to achieve agility, flexibility, and efficiency. – Read more

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Are Bad Habits Hurting Your Business?

We all know that bad habits are tough to break, especially in manufacturing. What you won’t do is as important was what you do. One thing that great manufacturers do is take note of what gets in the way of their success and make the effort to stop doing it and correct their processes.

Global Shop Solutions asked some of its best manufacturing customers to reveal the bad habits they stopped doing that were hurting their businesses. Surprisingly, many of them were quite similar and so compelling that they put the 10 most common into a whitepaper. 

What The 10 Things Great Manufacturers Won’t Do whitepaper does:

  • Reveals the “10 things” in detail. You’ll know right away if any of the 10 most common bad habits are slowing your manufacturing down.
  • Uncovers the negative impact of the “10 things.” You’ll learn how these common habits negatively impact a shop floor so you can act fast.
  • Provides customer examples of how to correct the “10 things.” Learn how other manufacturers acted to break bad habits and simplify their manufacturing.

Curious? Take a peek at reason number 1.

Great manufacturers don’t rely on manual processes.

Manual processes act like anchors on your business, slowing down your production times and increasing the chance for error. Not that long ago, you couldn’t get by without manual processes or spreadsheets. Now you can – when you automate. Check out some of the advantages of automating your processes:

  1. Eliminate waste by automating your inventory processes
  2. Reduce turnaround time
  3. Future-proof your business with the ability to forecast industry trends

“We used to manually trace everything throughout the plant. Now, Global Shop Solutions does it automatically. It gives us our costs quickly and efficiently, so that we can monitor runs when the material costs fluctuate rapidly, which they often do in today’s markets.”

Bo Adams, Vice President at C.E. Smith Company, Inc.

Keep reading and learn all 10 Things.

Download the 10 Things Great Manufacturers Won’t Do whitepaper today to learn all 10 of the most common bad habits manufactures make on their shop floors and how they reversed those habits and simplified their business.

Learn More About Global Shop Solutions