Enterprise Resource Planning (ERP) – Simple acronyms for a not-so-simple tool (or set of tools) that function within your business. The difficult part is that this tool kit looks different for every business. We’re going to try and simplify what an ERP will look like for most businesses and why you should be looking to software solutions to augment your staff in different areas of your business.
What’s an ERP look like?
ERP’s, like businesses, come in all shapes in sizes. From full-blown “could run your business without you” solutions like NetSuite to entry-level solutions like QuickBooks that help you track inventory and manage your expenses. Each of these systems, including our own backend solution, work to do the same thing. Share data between the different parts of the business. Why is this important?
Data sharing is a fundamental aspect that makes the business run efficiently. If you manufacture or sell something, data sharing gives you the power to know up to the second information. Where an item is in your warehouse, how long until it’s completed and packaged, how long until your product ships, or how much product you even have in stock. The data gathering is equipping you for success. (we talked about this before)
But why should you care?
The more important question in this has little to do with the actual technology behind the magic. Why the heck should a business today care? Because data is everything. The ERP is the engine that runs your business and the data is the fuel. By combining the two you supercharge your business. Efficiency and intelligent decision making. Like a finely tuned race car, your ERP allows you to make and adjust your business processes at a level that was previously unknown. Revealing data that would otherwise go unnoticed. The more data you add to the system, the more interesting and useful the data.
What kind of useful data do you get and what difference can it make?
Did you know that strawberry pop-tart sales increase nearly 7 times ahead of a hurricane and after most storms without prompting? The reason is mostly irrelevant, but if you know there’s a relationship then you can capitalize on it. These relationships will improve how you serve your customers and how you run your business. It gets more complicated than this, much like anything else in the software world, but you can start simple and grow into bigger solutions. But it is important that you start. Get something in place and start making your business better.