The business landscape is changing at a rapid rate, so much so that each time you blink it feels like you may have missed out on a new technology or trend that could take your business to the next level. After all, in the last decade the Internet has become a great equalizer for small and midsize manufacturing businesses to compete with larger competitors in a global marketplace.
A cloud-based enterprise resource planning (ERP) model offers several benefits to consider when looking at options to collect, analyze and automate data integration to achieve accurate inventory control, a faster sales cycle, and automated order management & procurement. Without the need for expensive and cumbersome servers and software to purchase all at once, ERP manufacturing solutions that are web-based, such as those offered by Kenandy provide a very attractive option for organizations of all sizes.
Such integration of software and integration with cloud computing can benefit businesses in the following ways:
- Increase their automation, speed and efficiency
- Simplify the complexity of their current system
- Have integrated trade promotion management
- Have real-time visibility across their business
- Modernize their operations with social and mobile features
- Reduce inventory costs
In addition to the benefits mentioned above, here are a few reasons why your business can benefit from such a solution while utilizing the power of the cloud:
1 – Affordability
Right off the bat, there is a significantly lower upfront investment cost required to start a cloud-based ERP program. Simply by opting for cloud storage, your business is relieved of having to invest in a server to support ERP software suites. All that is required is something you most likely already have: an Internet connection! Prices for cloud-based solutions are usually based on a per-user, per-month basis with no maintenance fees. Web accessible software requires no on-site maintenance as well as access to multilingual online training, tutorials and 24/7 customer support.
To learn more about the costs of cloud computing and how it’s helping save businesses more time and money than ever before, be sure to check out this article featured on American Express OPEN forum.
2 – Accessibility
Cloud-based solutions can significantly speed up ERP implementation. Easy to use by workers across all departments, it can be accessed from any browser, anytime, anywhere. The convenience of accessing data easily extends beyond stationary computers and laptops to mobile devices such as smartphones and tablets. It also enables the distribution of information and marketing content to customers and partners immediately over social media platforms. The ease of accessibility to data from various locations and devices lead to a more user-friendly, efficient and productive process.
3 – Efficiency
Solutions for ERP manufacturing and goods based businesses can provide a fast return on the investment by facilitating a faster, shorter sales cycle based on real time data. For businesses that stock and ship inventory, the cost savings can be immediate and impressive. By having an system that gathers and analyzes data across purchasing, stocking and procurement departments, companies have a better ability to forecast upcoming inventory needs to decrease inventory costs and stockouts.
Looking for a few more good reasons on why you should be moving your business to the cloud? SalesForce has 10 benefits you may not have thought of yet.
4 – Automation
A cloud-based ERP is a powerful tool for customer service through automation. Online order management has immediate access to inventory levels, reducing costs and stockouts. Real-time access to delivery providers is passed along to customers. Tracking capabilities lead to on-schedule deliveries and managed expectations, resulting in satisfied customers. Automated financial processing closes the sales cycle and benefits cash flow management.
Cloud computing and connectivity is great, but if you are still manually working on the process then you’ve only accomplished so much. To implement automation into your cloud computing and business, be sure to check out these 48 automation tools.
5 – Support
The web never sleeps, and a cloud-based ERP support isn’t limited to business hours or even one language! A variety of training programs and tutorials in many languages can be accessed immediately, and in many cases 24/7 support is available to meet the immediate needs of global businesses.
A cloud-based (ERP) model offers benefits that lead to satisfied customers. It seamlessly integrates data to control inventory levels, speed up sales cycles, and automate order management as well as procurement processes.