I believe this is not your first time to hear and encounter the term ERP. You always hear it from the company president or your immediate supervisor. Or maybe, you are one of those who is deeply involved in enterprise resource planning. Whatever the case is, this system simply translates to real-time recording and uploading of everything!
With ERP, just like the internet and social media, everything is updated and uploaded as it happens. The data collected can be analyzed real-time, and strategies can be tweaked as needed. It’s like enveloping and connecting everyone all at once in this complex web network of information.
The Origins of ERP
The term ERP was first heard in the 1990’s. Gartner Inc., an IT firm, used this system locally to improve their resource management in the whole sense. The long and tedious process of collecting data, encoding data, data interpretation, data analysis, and other functions that require a few days or weeks to finish, was eliminated. Everything is in the cloud even before we knew about it!
During the day they integrated this system, it was revolutionary. Whoever has this kind of system implemented inside the company has the upper hand and a bigger potential to skyrocket. In a simpler sense, it’s like they were ahead of their time. Everyone in the company can update and get an update easily of what is happening around.
In the 1990s, what you can efficiently do remotely with minimal effort has a huge implication! Today, we have a hazy and diluted version of ERP in our daily lives: the social media. Although this medium can track, store, and collect real-time data all over the world, it will never be as efficient as an established ERP with focus and target goals.
Importance of ERP
But still, we cannot deny that employing ERP at the workplace brings huge potential to the table. Well, for companies using ERP for the first time after operating conventionally for decades, this can stir up chaos if not done correctly and within a realistic timeframe.
When you get past the chaotic complaints of everyone who can’t fathom the change yet, things will start to fall into the right places. Integration of ERP can shuffle everyone’s routine, and we may not all agree with it at first, but when you choose Netsuite ERP for your entrepreneurial organization, the system you have will be torn and rebuilt to a better shape.
Here are some things you can expect from a successful ERP integration:
Since information is readily available, different departments can start working together rather than alienated from each other.
- Streamlined Process
When everything you do is updated in real-time, information and other relevant data can be accessed and continued without the need of physically delivering them. Most of all, repetitive processes are eliminated.
- Efficiency Boost
Since all information is stored in a database, there is no need to manually extract everything or redo what the front liners have already done. Everyone does whatever they are good at.
- Fast Reports
ERP eliminates the need to frequently meet and report stuff that everyone already knows. Everything is tracked in real time, and every discrepancy can be noticed and flagged automatically.
Another great thing about ERP is flexibility. You would not need to wait before the scheduled meetings to act on a few minor kinds of stuff that you can easily address in real-time with your clearance.
One of the best things ERP can offer is augmented foresight. Seeing data in real-time with the right analytics is like peeking into the future. With a keen eye and good decision-making skills, the company can avoid pitfalls and set a better course towards success.
It seems like ERP is something that every successful company has and every emerging company wants to have. Although it’s expensive, it brings forth better guidance for the company and eradicates unnecessary steps for the workforce.