10 BRILLIANT IDEAS TO OUTSMART YOU WITH ERP

Posted by: BALA on  4th October 2017


 

10 BRILLIANT IDEAS TO OUTSMART YOU COMPETITION WITH ERP

1. CONSOLIDATE REPROTING FOR BETTER INSIGHT

     Combine and compare results across departments, divisions or companies to get a complete picture of your business. Identify poor performers to avert disaster and build on success of high
     achievers. 82% percent of successful businesses ranking “streamline and accelerate business processes” a top priority
 

2. ELIMINATE MANUAL PROCESSES

      Focus your employees on productive work instead of administrative chores. Automated workflow keeps customer service from falling through the cracks and minimizes employee interruptions.
 

3. COMPLY WITH GOVERNMENT REPROTING REQUIREMENTS AUTOMATICALLY

      Segregate and detail cost information – direct, indirect and overhead expenses – associated with every item billed to the government. Focus on delivering services and winning new contracts
      instead of reporting.
      Best practice results
      Percent of deliveries complete and on time
      79% Laggards
      88% Industry average
      96% Best-in-class
 

4. AUTOMATE YOUR SUPPLY CHAIN

     Stay ahead of the competition by providing customers with the information that they expect at every step along the supply chain. Optimize fulfillment and shipping to reduce time and costs while
     building customer loyalty.
 

5. SUPPORT NEW CHANNELS-PROFITABLY

     Sell your products and services through new channels opened up by the internet. Serve customers big and large, near and far while ensuring that your maintain profitability on every sale.
 

6. USE DATA TO ACT FAST

     Keep your competitive edge by changes in demand, cost of resources and new market opportunities quickly. With complete data, you can make the decisions that will put you ahead.
     Best practice results
     Growth in operating margins for two consecutive years
     0% Laggards
     11% Industry average
     21% Best-in-class
 

7. MEASURE MARGIN ACCURATELY

      Give your sales team access to margin information to help them negotiate and make product suggestions that maximize profits. Build promotions that build sales without hurting profits
 

8. SIMPLIFY WITH WORKFLOW

      Replace cumbersome manual processes with automated workflow- from purchase requisitions to sales approvals to order fulfillment. Grow your business without growing staff.
      Top Business drivers impacting ERP
      40% - Need to manage growth expectations
      34%-Must reduce costs
      32% - Need to improve customer experience
      18% - Fix cross organization operations
      15% - Improve response time to customers
 

9. SHARE INFORMATION BETWEEN THE FRONT AND BACK OFFICE

      Answer customer inquiries in one call with connected systems. Replace time-consuming searches with instant access to the information each employee needs.
 

10. AUTOMATE BUDGETING

      Budgets should support your ability to capitalize on change-not bog down managers with endless reviews and updates. Empower managers while keeping a lid on costs with a centralized
     automated budget process.
 
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