Benefits of ERP

Having a truly integrated ERP ensures that data accessed throughout various divisions and platforms of the business is current and valid. E.g. an online e-commerce store driven by an integrated ERP ensures that stock levels displayed online tally stock sold via telesales and vise-versa. This also means that a stock-take in the warehouse will automatically update the stock levels displayed throughout various platforms in real-time. This level of automation and integration saves on resources spent on repeating data entry and saving valuable resources which directly affects the bottom line while removing the element of human error during re-entry.

Managers can mine data across all departments and division into cohesive and coordinated visual representation allowing them to make real-time tactical decisions in order to achieve true organisational efficiency and giving the company an edge over its competitors.

The benefit of being able to view live analytical data across the entire business model in a real-time environment reduces guesswork during project management giving true indication of timescales and scheduling. This also uncovers hidden, underutilized resources and allows the increase in capacity.

An ERP can also reduce purchasing costs by forecasting supplies and demand taking advantage of supplier's quantity breaks therefore getting the best price from their vendors. This function also stops the greater issue of surplus stock especially if the business deals with perishables. This level of fine tuning ensures vital resources are always available in reserve for any sudden fluctuations in the market.

An efficient ERP has the ability to avert commercial disasters by displaying key performance indicators in real-time providing feedback to decision makers and showing them what is going right and also wrong, giving them valuable heads-up to make adjustments before its too late.

Organize all of a company's information into one, centralized system, illuminating the need for different departments to re-key information. The centralized system also allows seamless communication between different departments and its unified nature saves costs of manual paperwork whilst removing potential for errors.

An ERP normalizes the data flow in all aspects of the company processes allowing the business to adhere to standards. This visible level of standardization gives the business an edge over the competition. This makes the business especially sought after when trading with larger global commercial entities who prefer and are accustomed to such level of standardizations themselves.

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