For decades business leaders and entrepreneurs have used Enterprise Resource Planning (ERP) software to keep organized. Manufacturing and supply chain companies in particular, can benefit from ERP software. It can help to manage everything from Inventory Management, to Spare Parts Management, Scheduling and Planning. In a recent poll, 50% of supply chain leaders claimed that they used an ERP, and 66% said that they would need to use advanced analytics in the next 2-3 years to successfully manage their operations.
Thus, it is no longer enough to simply implement an ERP system. It is also important to choose the right ERP. IFS ERP is one of these solutions and it is regarded very highly by all its users. IFS ERP is recognized as a ‘leader’ in the Gartner MQ and provides best-in-class enterprise software that can help you gain complete visibility of your operations and manage them accordingly. If used correctly, the software suite can help you grow your business and mitigate risks. Here are 4 ways that IFS ERP can help you create a thriving business.
1) It can provide Better Supply Chain Visibility
If your company ships products anywhere in the world, or has bases of operation worldwide, you understand the importance of supply chain management. IFS ERP provides a complete overview of the components and processes in your supply chain and provides you with notifications when problems arise. This allows you to be better prepared to solve issues before they spiral out of control and helps you to forecast and plan things like Inventory Management in advance.
2) It can Improve Productivity
A business will lose money if its skilled employees spend more time on repetitive tasks like data entry, instead of carrying out their core job functions. ERP software like IFS ERP automates large amounts of repetitive work to boost employee productivity.
3) It can lead to Better Decision Making
Sometimes the quality of work done by an employee suffers because of an inability to access quality information. Even CEOs and CIOs often are unable to make strategic decisions because they don’t have access to the advanced analytics and number breakdowns that they need. IFS ERP provides a scalable product that can gather information from multiple databases and departments within an organization and show it in real-time on a single dashboard to enable better decision making.
4) It can Reduce Costs
Reducing monthly operating expenses is a permanent fixture in the agenda of most CIOs and CEOs. Every leader wants their organization to run at optimal conditions and spend money as efficiently as possible. IFS ERP helps with both automation and accuracy by eliminating human errors and the costs associated with them. In addition, because you have access to real-time data you can use this data to optimize your processes to reduce cost and capitalize on opportunities to save money as they arise.
The correct ERP can give you more control over your supply chain, increase your productivity and lead to better decision-making. It can also scale with you as you grow and reduce unnecessary operational costs. When combined these things will help to create a successful thriving business.
Still on the fence about getting or upgrading to a new ERP system? Work with us! ProV is an award-winning technology partner and has a track record of successful ERP deployments and upgrades around the world. Request a FREE Consultation today to learn how we can simplify ERPs for you.
