5 Industries That Can Benefit the Most from ERPs

Managing the day-to-day activities of an organization is no simple feat. To do this task consistently, businesses rely on an enterprise resource planning (ERP), which is a system that is designed to plan, manage, and integrate the core processes of a business.

An ERP can be used to handle a company’s operations, supply chain, manufacturing, financial, human resource, and reporting activities. Having a single platform for controlling these complex tasks enables businesses of all sizes to improve the efficiency of their operations and stay on top of all processes that are essential to their continued growth.

Does your business have an ERP, and if not, can you benefit from getting one? If your company is an active player in the following industries, then getting an enterprise resource planning system will certainly benefit your business:

Transport and logistics companies operate on a strict timetable, and as such, each action must be closely coordinated with other departments. To ensure that no time is wasted and every effort leads to a job well done, logistics companies must ensure that all documentation is completed and accomplished on time, freight payment and billing processes are done in the most efficient manner, and every staff member is capable of navigating the rules and guidelines observed in the logistics company’s areas of operation. An ERP system offers a single platform for managing all these functions and supporting the day-to-day operations of transport and logistics companies.

Wholesalers and retailers have to keep themselves on top of a lot of concerns. These businesses serve as an intermediary in the supply chain, which means that they have to constantly deal with moving goods and materials, report their financial situation, keep up with purchasing trends and orders, and make decisions that will directly impact the profitability of their companies. Keeping every person involved in the operation in the loop is also a primary concern for such businesses.

ERP systems offer wholesalers and retailers a 360-degree view of their businesses, operations, and customers by integrating information from various warehouses and outlets. These platforms not only provide real-time data, but also offer analytics that can empower the business to make decisions that anticipate the changing needs of the market.

The manufacturing industry is currently undergoing rapid change, and businesses that belong to it must be able to adapt quickly to retain their edge in the digital age. An ERP system can help manufacturers make their processes more data-driven and more efficient by bringing together all the planning and ordering functionalities they need in a single platform.

In addition, a customized ERP system is capable of automating production and purchasing planning, offering real-time inventory balances, and providing quick and accurate insights in the closing process, among other functions. The system can also be connected to mobile terminals to ensure that real-time warehouse data can be accounted as a part of the company’s analytics and can be used to guide operations.

The hospitality industry is centered on providing customers with a satisfactory experience. To provide their customers with a seamless experience, though, businesses in the hospitality industry must run a tight ship. They must ensure that their products and services live up to their customer’s expectations, all while keeping operations costs at a minimum.

An ERP system can help hotels, resorts, and tour providers achieve this goal by enabling them to keep track of their vacancies and bookings. The system can also be used to monitor and schedule everyday tasks such as cleaning, waste collection, and other activities that have a direct impact on the experiences of the guests and the bottom line of the company.

An ERP system that is customized for the healthcare setting offers a convenient platform for tracking the usage and sourcing of medical supplies and monitoring the day-to-day activities in a medical facility. Such a system can also be used to manage the payroll, ensure compliance, and track the cost of care versus quality of care, among other important metrics. With the smart use of an ERP system, a medical facility can ensure the efficiency of its operations, focus on areas that promote its growth, and implement informed changes that are centered on the health and well-being of its patients.

An ERP brings a lot to the table, so much so that many businesses consider it an essential tool in keeping their companies running. It’s possible to use the system as a unifying platform, freeing managers and decision makers from having to go through hoops just to stitch together the different aspects of business operations. Having the capability to oversee and manipulate different aspects of your business from a single platform helps you save time and effort–both of which can be devoted to growing your company and scaling up its operations.