Yield management
Knowledge, experience in managing productivity in digital businesses
Are you considering using ERP software to manage your business? Read more about ERP in the article below.
1. What is ERP software?
ERP (Enterprise Resource Planning) means planning the resources of enterprises.
ERP software is simply understood as an all-in-one technology model, integrating many different applications into modules of a single software package, helping automation from A to Z related activities. resources of the business. The purpose of ERP software is to create an automated data system that integrates and across departments and operations such as purchasing management, production management, personnel management, …
Management Reporting
Some modern ERP software also has solutions to link fixed modules with supporting devices such as mobile phones, barcode scanners, handheld computers, etc.
2. Characteristics of ERP software
To distinguish it from other enterprise management solutions, ERP software has four main characteristics:
1. ERP is an integrated business management system. All business members (from managers to employees), all stages and functional departments are strung into an orderly production and business process
2. ERP is a software system that supports rather than automated production lines to replace human power.
3. ERP is a management system that operates according to clear rules and plans. Employees with specific duties should be determined in advance along with consistent and strict regulations; production and business plans must be made periodically weekly, monthly and yearly.
4. ERP is a system of links between departments in the company for them to work, exchange and collaborate with each other, not each department is a separate sand to operate separately.
3. Benefits of ERP for businesses
Because all workflows are implemented on ERP, businesses have a single centralized database. That is the first premise for “data mining” – analyzing data in many different angles to help make business decisions.
ERP helps control financial information
Normally, financial information will have to gather data from many different departments so there is definitely a certain difference. When using the ERP solution, everything related to finance is aggregated in one place – a single version across all departments. When a number is changed, all relevant information is automatically calculated and displayed again for matches, helping to minimize negative business finance.
Thanks to the support of management software, large and complex enterprises do not need to wait until the end of the month or the end of the quarter to synthesize the data. Whenever you want an accurate and timely financial report for your leadership, just look at the final numbers of the data stream on ERP.
ERP helps speed up workflow
The bigger the business, the more steps and steps the process works as a complex network. The speed of workflow depends on two main factors: whether to determine the right place to transfer data to, and the obstacles encountered during the transfer.
Obviously, the delivery of paper documents to a determined employee cannot be compared to the speed of electronic documents. Or in transporting goods from warehouses to businesses, a synchronized decision on the ERP system will reach the store keeper very quickly. By addressing bottlenecks and reducing geographical distances, ERP software helps speed up the flow of business.
ERP helps reduce errors when multiple people enter the same data
In fact, many times businesses are troubled by data confusion when passing through different working parts. For example, the handwritten number “14” is easily mistaken for “19”, or Word typing makes customer “Pham Quynh” into customer “Pham Quyen”. Such mistakes have a significant impact on the progress of the whole process, worsen the image of the business, reduce transparency, and further cause internal disunity among employees.
With ERP, the data only needs to be entered once by the first person and then stored intact on the system. Any other employee in the business has access to this original data, not a “three-copy” copy.
ERP makes it easy to control employee workflow
A centralized database and business processes arranged in a fixed stream will make it easy for businesses to apply internal control mechanisms. Audit track function (tracking) of ERP software allows to quickly find the source of the entries to check as well as the staff involved in that entry.
The monitoring of each employee’s work is also optimized. Managers just need to stay in one place, open the integrated interface of ERP to be able to hold all the results of all employees, from the smallest number as in this morning. What products are sold and how much is earned.
Some ERP software also has automatic database analysis to assign employees to tasks suitable to the situation.
