5 Signs that Your Company Needs an ERP Solution

Providers such as SAP offer ERP systems with a human capital management element that allow you to implement an integrated, comprehensive human resources management solution that will align your objectives with strategy to ensure you can easily attract and retain the talent you need to drive an effective operation. This platform also helps to increase efficiency and reduce overall costs as transactional processes can be automated to ensure you have a single record of the truth that is compliant with all local and global regulations.

5. You Are Expanding to a Bigger Warehouse or Multiple Warehouses

The size of your warehouse – or the number of warehouses within your distribution platform – can dictate the type of system you need in place to ensure proper management for the most efficient operation. You may already have a warehouse management system in place, but does that system easily integrate with all other elements of the business? Can you readily see everything that is happening across the supply chain? Is your inventory under control? How do you schedule distribution or ordering?

With a bigger warehouse, or multiple warehouses, you have a lot of information to capture and manage to ensure efficient operation. That demands that you have a completely visible platform that ensures you know exactly where everything is at any given time. This is essential for all key players on your team. ERP software provides that complete integration and allows all changes to be updated in real-time, so all parties have access to the most current information. When decisions rely on this information, you can’t afford to be misinformed.

The ERP software platform you select should allow you to capture, manage and track all information on the warehouse in the units suitable for your industry. You will also want the ability to customize the solution so that it can work within your current environment. In other words, if key players in the supply chain are used to personalized product attributes on products in the warehouse, you want to still be able to capture and organize that information. The warehouse management system within your ERP software platform should allow for total customized management of this information, while also integrating it across all platforms in your organization.

Time to get That ERP Solution

You may be able to look at this list and identify with only one of the five signs, but chances are that more than one fits with the current status and climate if your business. If that is the case, it is time to start doing your homework to evaluate your specific needs. If you are in a period of growth, you need to accurately project how much that growth will continue over time and then begin to assess your needs both now and in the future.

As you start to examine the different options available in the ERP software space, take a look at vendors such as SAP, NetSuite, Oracle, Microsoft Dynamics and more to get a feel for what they offer, their pricing structure, support and scalability over time. You will also need to decide if you want to launch an on-premise solution, or leverage your capabilities in the cloud. Either way, ERP software will ensure you can get a handle on your growth and make it work to the greatest benefit for you company.