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How demand forecasting is resolved with ERP
ERP technology offers a simple, cost-effective and efficient way to bring your business into today’s market, while ensuring at the same time your access to future business opportunities. How? There are certain primary tasks that an ERP system can handle for your business. So, let’s take a look at some basic features.
Sometimes, different departments of the same business can prove to be highly competitive with each other, so the right ERP solution can ensure that everyone is using the same system, following the same protocols for reporting, such as:
Integrating information on customer orders
An effective ERP system monitors customer orders throughout their cycle: from the moment that an order is submitted to its processing, the transfer of the products and the dispatch of the invoice. Having all this information collected in a single system, enables you to control your customer orders more effectively.
Increasing sales and reducing inventory
Streamlined processes means better scheduled deliveries and, consequently, reduced inventory and effective management.
Updated HR information
If your HR information is not unified, you may be having difficulties with checking your personnel’s working hours and communicating with them about services and benefits. Actually, if your employees come to doubt your HR department’s ability to treat them properly, this could have damaging effects on their moral.
But, let’s take a look at some other important features that ERP has to offer:
- Mobile functionality: A significant feature in an era where mobility has become extremely popular.
- Inventory management: Business require effective inventory management, reports including crucial information for inventory, production streamlining and production cycle improvement.
- Financial management: Your business cannot afford the luxury of losing any payments, overlooking any regulatory requirements or missing any financial details during an audit.
- Human capital management: An ERP system can offer significant help to your HR department.
- Supply chain management: Ensure that you monitor demand, offer, logistics and product distribution with the speed made available by the digital era.
- CRM: Help your sales and marketing departments meet your customers’ demands and preferences more effectively.