Enterprise Resource Management – Delivering Unified Suite of Business Apps
Enterprise Resource Management provides businesses the capability to use a group of business applications. Meanwhile, tools in Enterprise Resource Planning (ERP) have a common data prototype and procedure. These tools cover complex end-to-end methods including Supply Chain Management, Manufacturing, Distribution, and Human Resources.
What an ERP System Means
An enterprise resource planning (ERP) system is a solution. However, it has to be specific to the industry. There are also different kinds of ERP software so a company’s IT department must determine which one is for their needs.
- Standard ERP software refers to the app that can be used with the company’s existing devices. This system is designed for all types of businesses. Yet, it is more suitable for small and medium-scale firms.
- Open-Source ERP software allows users to examine and change the ERP’s source code. The upside of this software is it enables users to customize the application to better match their requirements.
- Cloud-based ERP refers to Software-as-a-Service or SaaS which permits access to real-time data. It is more suitable for big corporations.
- The enterprise resource planning system can combine the cloud-based and premised-based into a Hybrid ERP software.
More than knowing the ERP software’s functions is to understand its benefits. To start with, enterprise resource management leads to enhanced business performance.
Here are the reasons:
- There is improved workflow visibility and organization. In the past, coordination between multiple worksites was needed which required much effort and consumed many work hours. Physical visits aside from a lot of phone calls were necessary for certain updates on business operations. The enterprise resource planning system changed workflow visibility. From the main headquarters, it is possible to easily open a common database from the ERP suite to obtain real-time information on the status of production in manufacturing facilities both in the country and other parts of the world.
- The enterprise resource management app includes features for scheduling or organizing shifts for workers, maintenance of factories, or delivery of inventories. Then, simply organize the schedules into one calendar so all departments/units and supply chain partners have the same information.
- One unique advantage of an enterprise resource planning system is its use of Business Intelligence and Data Analytics. These tools provide the functions of analytics, data collection, and reporting procedures. At the same time, data analysis in real-time makes it possible to immediately implement changes in the production process. Likewise, users can utilize historical data specifically for business forecasting.
- There is improved collaboration between departments. Through ERP, the company can better manage internal communications to avoid glitches and errors. Companies with locations globally can easily communicate without time zone issues. In fact, the software’s communication tools can sort out or systematize emails, SMS, phone call recordings, files, and documents.
- Enterprise resource management protects a business organization from data breaches, hackers, and other forms of infringement. An ERP system keeps documents and communications in a single unified system and storage place.
Essential for Many Businesses
There is no doubt that enterprise resource management is crucial to many companies. It brings together business processes to augment collaboration, drive business efficiency, and assist management in making data-driven decisions. ERP is appropriate for HR, financial concerns, manufacturing, and supply chain/inventory management.
Databox Solutions has core proficiency in Enterprise Resource Management and Enterprise Resource Planning. It is fully committed to delivering seamless custom Information Technology services and solutions. In accomplishing these, Databox Solutions IT experts utilize a collaborative method of leveraging best practices in the industry. It puts together all aspects of the business which includes product development, manufacturing or production, marketing, and sales. Synchronization of these areas helps a company become more visible, increase efficiency or output, reduce operational costs, and boost its competitiveness.