ERP stands for Enterprise Resource Planning. It is a business process management software that integrates and enables finance, supply chain, operations, reporting, manufacturing, human resources. Thanks to ERP, an easy-to-use system can be created that simplifies decision-making, reduces costs, and, in general, allows for more efficient business management. For several years, the Boosty Labs team has been successfully involved in outsource erp software development. We are a world-class fintech and cloud engineering team with a solid background of practice that combines consulting, strategy, design and engineering at scale.
Modern ERP systems offer real-time overview of financial performance from any device. It can also help you eliminate manual data entry by automating day-to-day tasks and tracking business compliance.
Modern solutions monitor company data and simplify employee management, such as payroll, hiring, and more. You can also track employee performance and identify personnel problems in advance.
This feature simplifies business communication, automates day-to-day processes, and helps manufacturers meet customer needs by managing data in real time. In addition, the solution streamlines project and cost management as well as production planning.
If your employees still enter data manually and cannot accurately estimate the amount of inventory, you can easily save time and money by automating these processes using ERP. Modern solutions also simplify product management with dashboards and business intelligence.
Basic solutions hinder development
Let's say you previously lacked the basic capabilities. However, if the current software is holding back the market and limiting the scope for global growth, it may be time to change it.
You are using dissimilar systems
As technology changes, you find that dissimilar systems don't work well together. The new accounting software is incompatible with the outdated HR management system, and you are tired of wasting time and resources in fruitless attempts to integrate them.
You are not meeting customer expectations
If your resource planning system isn't compatible with your employees 'or customers' mobile devices, it's time to get a new one. If you think that your investment in meeting customer needs will not pay off, or if you don’t want to provide your staff with the tools they need to succeed, they will simply go to your competitors.
The essence and structure of ERP
ERP (enterprise resource planning) is a kind of enterprise strategy, within which the management of certain areas are taken into account:
It is a system that automates one or more aspects of an organization's work. All results are entered into a common database, where they are stored for several years.
ERP program is a whole range of activities. It includes:
Now all spheres of business are actively developing, therefore, almost every enterprise moving forward is quickly faced with the need to implement information systems that will help optimize some part of the company's work. This is required in order to remain a competitive organization and reduce the resources that are used in production.
Here are a few signs that signal that it's time to change:
The first systems to help keep track of resources appeared in the 1960s. One of the most efficient was called MRP and was used to plan and distribute materials and raw materials. This software was expensive, but at the same time cumbersome and cumbersome. For her work, many specialists were required, but together with all the inconveniences she was used until the 80s, as the only worker.
In 1983, MRP II was invented, which became modular and took over more key production processes. This included planning; purchase; contract management; specification.
It became easier to plan, it became possible to reduce inventory in warehouses and minimize waste. But it did not work for long. In 1990, analysts created an ERP, in which they later singled out CRM for external interactions and PLM for internal cycles.
In accordance with the most complete classification, 4 groups can be distinguished:
Modern ERP consists of 3 levels:
The use of such software should give certain advantages over others and features in the functionality.
If you correctly install and use such software, it will help create a single information space that will allow all specialists to simultaneously work with this array. Information will be available to everyone instantly, there will be no downtime, the number of errors due to the human factor is minimized. But even if they do appear, it is quite easy to eliminate them. Therefore, ERP is recommended to all enterprises where the urgency and accuracy of the transmitted is a critical factor.
If an organization is going to develop and wants to keep pace with the times, then it needs to establish a quick exchange between its departments. This is required if there is more than one department and from 10 employees.
This is another popular reason for implementing such software. When processes become cumbersome, everything needs to be optimized and updated. Instead of many different software that does not integrate well with each other, it is easier to install one platform that will solve all problems at once.
There are three ways to get ERP software development service that will help you to plan your resources.
It is more expensive, but there is a possibility of getting a result that will be completely adjusted to the wishes and needs of the business.
It is a platform that is committed to helping you prepare resources and track business processes. The main point that it will deal with is reporting documentation. But these are not all of its capabilities.
Streamline your organization's processes with products from Boosty Labs. Our outsource developers will help you to choose the right software for you, depending on the specifics of your business.