Getting access to and implementing Enterprise Resource Planning (ERP) software can often be daunting to growth-focused businesses that specialize in consumer products. However, this does not have to be the case, as numerous services and apps are available that make this process more straightforward than ever. Still, you might be asking yourself, why should a growth-minded consumer products company even bother with implementing an ERP software solution?
If you are curious about how ERP software benefits growth-minded organizations, in short, ERP systems can help these businesses in numerous ways, such as boosting employee productivity, improving operational efficiency, and even generating accurate reports while also simplifying tedious processes. Whether your business is just getting started or you are looking to take your business to the next level of growth, SAP Cloud ERP solutions can help achieve long-term scalability.
In this article, we’ll dive into why growth-focused consumer products businesses should implement an ERP system.
Standardization of Processes
Typically, when consumer products are being handled, there are many disparate systems that manage numerous similar operations, but without a central, integrated solution. This means that not only is this redundant work and, in many cases, a waste of time and resources, but it can also lead to chaotic data transfers, which can lead to a lack of confidence when it comes to which data is correct.
A consumer products tailored ERP solution can, as a result, store all of this information in one centralized system and even encourage collaboration and communication between teammates while removing disparate legacy systems.
Mobility, Scalability, and Security
There is a requirement for a platform that is safe, secure, and mobile when it comes to managing consumer products. As such, ERP solutions provide businesses with a service in which all of data is stored on a centralized cloud service that features a Software-as-a-Service (SaaS) consumer goods solution.
This means that the business software, along with the data, lives in remote servers that are managed by the service providers, all of which are accessible through the use of a web browser. Because of this, businesses can access the flexibility of the system and adapt to any circumstance or event that comes their way.
Warehouse Logistics and Management Tools
The warehouse is typically where most work needs to be managed, as warehouse processes play an integral role when it comes to the overall supply chain. With an ERP solution that features warehouse management system (WMS) capabilities, businesses that deal with consumer products can essentially track, manage, and evaluate their warehouses' efficiency much easier, making it much easier to adapt to fast-paced and changing environments. This can be an especially useful feature found in most wholesale distribution ERP software.
Robust Forecasting and Inventory Planning Tools
When it comes to managing consumer products, forecasting, and inventory planning, demand analysis can lead to an improvement in overall purchasing insights and capabilities. By utilizing an ERP system, businesses can plan and maximize their revenue opportunities while also minimizing any of the costs associated with them.
A consumer products ERP that has built-in forecasting features, inventory planning, and purchasing capabilities data can lead to an efficient purchasing outcome alongside streamlined supplier management. Here, business owners and employees can utilize stored data to find various trends and patterns within the inventory, allowing them to more easily make the most out of their resources and products.
Unlock Future Growth
ERP systems ultimately lead to stronger analytics and a much higher level of business intelligence when it comes to growth-focused businesses working with consumer products. This means these businesses must utilize the data their ERP provides them as a means of making confident and forward-thinking decisions when it comes to the overall management of the inventory.
Through an ERP system, business owners and employees can access insights and analytics to study sales performance and see where they are performing best and worst. By doing so, these businesses can improve overall operations and better understand and address retailer deductions and chargebacks.
Learn more about SAP Cloud ERP solutions for consumer products or retail by contacting one of our experienced ERP consultants at (801) 642-0123 or by writing us at info@nbs-us.com.
