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July 23, 2020 | 6 Min Read

What is Business Streamlining? (And How Can ERP Help?)

Posted By
Cat Cook
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What is Business Streamlining? (And How Can ERP Help?)

As businesses continue to grow and evolve to meet the demands of their ever-changing audiences, it's always important to find and capitalize on new opportunities to cut costs whenever possible. More often than not, this is best accomplished by making sure that your processes are as effective as possible, and that they flow together in a logical and consistent way that supports and empowers the important work your employees are doing on a daily basis.

For most organizations, it's possible to cut additional and unnecessary tasks by utilizing a system you likely already have in place—your enterprise resource planning (ERP) system. A cloud-based ERP software, for example, can help your business reach new levels of productivity and collaboration, all while ensuring that your company is running as smoothly as humanly possible, too. This process is often referred to as business streamlining, and if you're not already practicing it across your own enterprise, now would be an excellent time to start.

Automate, Automate, Automate

By far, one of the most important ways that an ERP system can help empower your business streamlining efforts comes by way of how they help automate those manual tasks that are important, but that also require an incredible amount of time and effort from your employees.

Keep in mind that not only do manual tasks take a great deal of time by their very nature, but they're also incredibly prone to human error, something that can be frustrating at best and costly at worst. Based on that, it stands to reason that any opportunity you have to automate one of these tasks—thus eliminating the possibility that something can go wrong—is one that you should be capitalizing on. Plus, it will free up the valuable time of your employees to focus on those matters that actually need their attention, which may very well be the most important benefit of all.

Dramatically Improved Forecasting

One of the major obstacles that so often stands in the way of a streamlined business is and will always be inventory management. This is especially true as it relates to demand forecasting, which essentially requires you to try to anticipate the future using the lessons you've learned in the past.

As a business owner, you need to be able to keep an eye on the availability of key items needed to meet production goals. If there is a problem brewing with your inventory levels, you need to be able to put a stop to it today before it becomes a much bigger and potentially more expensive one tomorrow.

The good news is that the right ERP platform can absolutely give you access to this real-time, specific information you need. Not only will you have total visibility into your inventory, but you'll also be able to better prioritize your inventory usage, thus putting you in an excellent position to capitalize on opportunities as soon as they appear instead of being forced to watch them pass you by.

Communication is King

Finally, one of the biggest ways in which ERP can help with business streamlining has to do with the ways in which the right solution can simplify cross-departmental communication at a time when it's desperately needed.

Gone are the days where certain departments within your company are free to exist in silos that essentially operate in isolation. In the modern era, the business world moves incredibly quickly, which means that data needs to be made freely available to anyone and everyone at any time. If your accounting department needs a critical piece of data that is currently in the possession of your sales team, they need it now—and they can't afford to wait.

Thankfully, this type of issue is in large part what ERP software was designed to relieve. An ERP system can act as a central hub for all of the core data that your company handles, regardless of where that data originates and who needs it in the moment. It's a one-stop data shop that allows authorized users to locate, retrieve, create, and even store all of the information they need at a moment's notice. Not only does this all but guarantee data accuracy, but it dramatically improves productivity as well.

So instead of your accounting, inventory management, order entry, and order processing teams acting essentially as lone entities within your business, they're finally in a position to come together to act as the cohesive whole you need them to be. Just think about what you could accomplish under those circumstances and realize that with just a single piece of software, that reality is a lot closer than you think.

Your Key to a Better Business Has Arrived

At ManoByte, we fully understand how important it is to make sure you're running the leanest, meanest organization possible, and we also acknowledge what a crucial role ERP plays to that end. Once you've unlocked the benefits of business streamlining that only the right ERP solution can bring to the table, you'll have more than just optimized workflows. You'll have the rock-solid foundation upon which the next decade of your business' success will be built, and we're honored for the opportunity to help you as you embark on this journey.

So if you still have any additional questions about business streamlining and why ERP is so helpful during this process, or if you'd just like to discuss your own situation with someone in a bit more detail, please don't hesitate to contact ManoByte today.

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Topics: Enterprise Resource Planning

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