A powerful ERP software isn’t only beneficial to one aspect of an organisation. It creates efficiencies throughout the entire supply chain. Executives are able to access the most up-to-date status updates, warehouse workers can better manage inventory and sales professionals have the ability to leverage ERP solutions to keep their customers in the loop on their orders.
However, companies that have an antiquated ERP system won’t necessarily allow the workforce to access the most recent information, and that can be a major problem in today’s fast-paced business world. This is why it’s imperative to have an ERP solution that has many strong attributes, one of which must be its speed. According to an article for Tech Page One, when organisations can see decreasing ERP response times, that is when employees can operate at their most productive times.
Efficient staff improve business performance
Because it is so important to have ERP software that can drive productivity, Tech Page One insists that companies should continuously be assessing their current systems. Think about it – when employees are able to work faster and more efficiently, it can lead to happier customers, but if ERP solutions are slowing down workers at all levels of the organisation, it will be difficult to please the client base.
“For example, we used to need one hour to run a real-time report, but now it only takes about 10 minutes, which makes us far more agile in our responsiveness to customers,” Lie Wei, project manager at Ameco Beijing, told the website.
Strong ERP leads to a better business
Increased speed is just one of the many benefits created by ERP systems that are being used to their potential. Companies that we studied that don’t use ERP had no increase in profitability over the past 2 years, while organisations that were equipped with ERP were able to increase their capital by 10 percent during the same time period.
Leveraging ERP systems also provides firms the chance to quicken the time it takes to make data-driven choices that affect the future of the firm. Businesses with ERP were able to experience a 21 percent decrease in time spent making decisions throughout the past years, while those without such solutions could only claim 4 percent.