3 Ways to Manage Change with ERP (Enterprise Resource Planning)
Today’s marketplace is constantly changing along with customer needs and demands. Factor in advances with technology and you’ll find that businesses have no other choice but to make changes. Small and medium-sized businesses must have the same flexibility and agility of their larger counterparts in order to remain competitive. Modern enterprise resource planning (ERP) solutions, like Microsoft Dynamics GP, are now affordable, quick to deploy and level the playing field. Changing businesses require flexible, agile technology in order to boost sales, profits and productivity.
The Only Constant in the Marketplace Is Change
Nothing lasts for long in business—there are simply too many variables. Customers clamor for new and improved products. The economy and marketplace are constantly evolving. New competitors also enter the ring, putting pressure on businesses to find new ways to stand out. The only constant in the marketplace is change.
Businesses have little choice but to keep up with all of these changing variables. However, in order to accomplish this, businesses must first be able to recognize change and be able to get ahead of it. This means replacing outdated business technology with more modern solutions.
Benefits of Replacing Outdated Systems
Specialty software is often limited in functionality and efficiency. Data gets hidden in disparate systems spread across the organization. It’s difficult for your leadership team to access current, reliable information, making it difficult to identify changes or recognize exceptions. This also puts you behind the ball, in reaction mode. Instead of anticipating an inventory shortage, for example, your procurement team is stuck rushing a shipment of raw materials to avoid a production shutdown. This process applies to other aspects of your business from finances to sales and so forth.
ERP offers a more proactive approach to business management. A comprehensive solution, like Microsoft Dynamics GP will centralize all of your core business data within a single, integrated solution. This not only provides an efficient way to manage data, it offers a competitive advantage.
Here are three reasons to replace outdated systems with ERP:
- ERP is integrated and efficient: Learning and using one business management system is easier and more productive than learning and using multiple disparate systems. In addition, by centralizing data from across your enterprise within ERP, your business leaders can easily enter, access and analyze the key performance indicators (KPIs) or other metrics they need to succeed.
- ERP delivers a 360-degree view of your business: Only ERP offers business intelligence features that combine data from across your enterprise. From role-tailored dashboards to powerful reporting, your business leaders can follow metrics in real-time. This empowers your leadership team to take a more proactive approach and respond faster to deviations or exceptions. Taking this one step further, leaders can also anticipate changes earlier, avoiding problems altogether, such as stock-outs that lead to production shut-downs.
- ERP is affordable and agile: Most specialty business software is stagnant and limited, not to mention expensive to maintain. ERP was designed to be flexible. You can add or change functionality, add or reduce users and make the necessary changes to ensure ERP remains aligned with your business needs. This flexibility also makes it affordable for businesses of all sizes and with strict budgets.
Keep Up with Change with ERP
Successful businesses are able to keep up with the pace of change by responding faster to marketplace and customer demands. Outdated business software simply isn’t able to provide the insight or control needed to accomplish this. ERP offers the opportunity to get ahead of change and take a more proactive approach to managing your business. Contact OTT, Inc. for more information about how ERP will deliver the agility and flexibility you need to succeed.