The road to operating a successful business is often full of pitfalls, challenges and barriers. Still, naturally, the reward of success and a flourishing company is worth the travel.
Businesses can often overcome the barriers to success by striving to improve. The tools they use are usually what makes the difference and what gives them a competitive edge.
When it comes to weighing up your business, you’ll probably compare it to that of your competitors. Have they been making significant leaps in business process, costs reduction and quality of customer service? While this could be an overall improvement in business strategy, it may be a new way of operating thanks to implementing an ERP system.
ERP systems have been helping businesses gain an advantage over their competitors for quite some time. ERP software outlines all your business processes in one place and helps you work faster, smarter and stay ahead of your competition.
ERP systems help drive efficiency, costs and finances to their maximum potential. Let’s look at some of the reasons ERP systems help you gain a competitive edge.
- Choosing the Right System
Without publicly announcing it or gaining some credible inside information, there is no natural way to know if your competitor uses and ERP, or which ERP they use. HOwever, when you’re choosing your ERP, it’s crucial to make sure yours is the best fit for you and your business. - Utilising Capabilities
Once your have an ERP system in place, it’s essential to make sure you utilise all it’s capabilities to the fullest. Automation, analytics and real-time data help flag potential failures or problems before they become more serious concerns. Competitors without an ERP system don’t reap the benefits of having all of their data in one single source and in real-time. They will struggle with issues that they have no way of detecting or fixing until the problem actually happens. That’s too late! Analysing things like stock, staff rotas and finances helps you sort issues before they occur. - Building a Smart Solution
Before implementing a solution, we learn your needs and take you on a requirement gathering process. The more information we gather, the better end ERP solution your business will have.At Cofficient, we are experts in both NetSuite and SAP Business ByDesign. We can help you adapt, modify and update your solution to meet your exact needs and get it working the best way for you. Rather than being left with off-the-shelf software, you can have a customised and adapted system just for you. Another advantage over your competitor.
- Strategic Business Planning
Whether it be an excess of stock or unnecessary extra warehouse space, many organisations worldwide are no stranger to waste. The difference between other businesses and those using ERP systems is that ERP systems can identify, forecast and correctly allocate stock or warehouse space to reduce waste of any description. An ERP system provides added value with modules that can help you plan and meet demand accurately from your customers. Your competitors will find themselves unable to fulfill order where you can.
If you’re ready to discover the benefits of an ERP system and to get ahead of your competition, get in touch for a free consultation.
