If you are a manufacturer that isn't using Enterprise Resource Planning (ERP) – or you're using an ERP that's out of date – then you could be missing out on the chance to literally save millions of dollars. That's because these integrated software packages help you handle design, production, and customer interaction at every stage of the process, giving you more information, control, and flexibility than has ever been available to businesses at any time in history.
How does that translate into actual, bottom-line savings? Here are four of the most important ways:
1. By letting you produce better estimates. When you can see the prices, availability, and even location of inputs in real-time, you can better forecast production costs and schedules. That includes raw materials, components, inventories, and even people. Having a strong ERP packages is like having your finger on the pulse of every part of your business, and then being able to set prices accordingly.
2. With more accurate financial planning. Your internal budgeting and accounting is every bit as important as the estimates and proposals you submit to customers. With integrated ERP financial features, you can examine things like revenue, supply chain costs, and even trends for expenses, so you can minimize waste at every step in the production process.
3. By removing production bottlenecks. When manufacturing isn't moving along as expected, it's going to cost you money. That's because delayed delivery dates and other unexpected setbacks lead to discounts, smaller orders, and other issues that reduce already-thin margins. The more of your own scheduled profits you can recoup, the less you give away unnecessarily.
4. With a better reputation in your market. Once you become known as a manufacturer who can meet tough deadlines and deliver a quality product on-time and within budget, your sales figures grow quickly. In other words, the capabilities that you get from the right ERP often translate into bigger sales and more sustainable accounts over time. Keeping customers happy is always the name of the game, and having the right information at your fingertips makes it a lot easier to achieve buyer satisfaction.
Whether you're a small manufacturer or a growing producer, it's vital that you have the best ERP technology on your side, and are taking advantage of all of its features. Why not call or e-mail us today to arrange for a free demo and consultation to see how our packages can help you save big money every quarter?