Enterprise Resource Planning (ERP)
ERP is an organizational strategy for enterprise resource planning, which considers not only production resources, but also financial and human resources. Such a strategy involves a balanced management of all the resources of the organization, not only relating to the core activities of the production enterprise, but also combining through a common model data on production, procurement, sales, finances, HR.
ERP makes business more efficient and more profitable. Thanks to this technology, management makes strategically correct decisions, and employees receive their salaries on time.
At every stage of production, ERP will help you to carry out financial planning – from compiling a list of necessary materials to estimating the cost of producing a unit of product. Support of different languages and currencies allows you to add suppliers from all over the world to the system, which makes it easier to send purchase orders.
In addition, with the help of a single platform you can solve problems related to the planning of delivery dates of ordered materials, instructions for their shipment, payment for orders, their arrival and the formation of invoices.
Often in the logistics business, barcodes or RFID tags are used to identify warehouse locations. This information can also be stored in an ERP system to maintain traceability of end-to-end processes.
ERP allows you to store all the information about your customers, track their wishes and needs, as well as the need to customize your products to their needs. ERP will take care of consolidation of orders from your customers and help to systematize the bonuses of your sales staff.
When implementing ERP, it is important to consider integration with EDI, a series of standards and conventions for the transfer of structured digital information between organizations.
Regardless of the type of activity, ERP can help you calculate and record your wages, both hourly and hourly. It is possible to use this system not only for business accounting, but also for tax purposes. This is especially valuable if your organization consists of several legal entities.
The analytics system allows you to get an idea of what is going on in your business. ERP allows you to track any metrics in a single system: from the KPI of your employees to the level of customer satisfaction. Analytics can help you compare your product prices against those of your competitors. In addition, you can make a budget forecast for the future based on the information available in the system.
Lee Wiley predicted that such systems would appear in the early 1990s, and now they are firmly established in the market. Such systems have become an indicator of a certain level of maturity of the company and a measure of the efficiency of enterprise management.
Our team has repeatedly participated in such projects, we are happy to assist in the development of your business!