How Does ERP Help the Small and Medium Manufacturers?
The manufacturing industry is a vital part of the global economy and the manufacturing sector is laced with a tough competition where a loss of opportunity can result in a loss of sales and revenue and competitors marching ahead of you. Manufacturing Companies, especially Small and Medium-Sized Enterprises need ERP software that can not only help them in process optimization but also provide them with real-time data that can later help the management to take quick decisions. SAP Business One is one such premium ERP software that is aimed at the growth of an SME..
So how does SAP Business One help Small and Medium Manufacturers?
- It is all-in-one ERP Software that gives all you need from sales quotation, inventory Management, Documentation, Control over the Shop Floor, and Quality Management.
- As your company grows, you have tools in hand to handle all the regulatory requirements, tracking of the production stages right from a single platform of SAP Business One.
- SAP Business One also functions as a Software as a Service (SaaS), which provides continuous updates, support and maintenance.
- SAP Business One helps you in project management and execution which can be used by the management in decision-making, using decision-making tools and scenario modeling, you can respond to business challenges in a much-informed manner.
- You can create custom reports, and also able to know the Key Performance Indicators (KPI) of the different departments of the company, here you can come to know which departments are performing and which are not, so you can focus on the non-performing ones to improve your efficiency.
- SAP Business One helps in the reduction of manual processes and thereby reduces administrative costs therefore you can use the resources on more important projects, the turnaround time of the project gets improved and the efficiency of the company improves.
- SAP Business One promotes automation, it is generally accepted that human errors are inevitable, and therefore to further reduce mistakes, automation can be used which will reduce mistakes and also increase productivity.
- In the event of high growth of the company, there will be much more processes and much more data to comprehend, a manual system or a traditional system would fall short on performance, a modern ERP software like SAP Business One has the scalability feature to meet the growing demands of the business.
Many SMEs is beware of the cost they might have to incur in the implementation of SAP, however with the cloud option they can get all the features of an On-Premise SAP at a much lower cost, A SME should always weigh in the cost of the SAP Business One Implementation Vs. the benefits and it would be obvious that the benefits far outweigh the costs.