How ERP Helps Manufacturing Business Owners
Your staff is talking to you about ERP, it could be about:
- Switching ERP systems
- Implementing a system for the first time, or
- Upgrading what you currently have.
As an owner, you understand the investment of an ERP system as soon as you receive a proposal. But, how do you quantify the value it will bring to your company?
You can quantify the value an ERP system by evaluating how it increases profits, productivity, and cash flow.
Decision-makers need visibility to analyze the big picture. One way an ERP system can provide that is through Dashboards, which provide real-time reporting for every department.
Rather than waiting until the next management meeting to see how your company is doing, Dashboards can help you see what’s going on in your shop at any time.
Let's take a look at a few of the most useful dashboards for decision-makers in MIE Trak Pro.
Quoting Dashboards for Profits
How many quotes/jobs are you winning?
Quoting dashboards can tell you how high your capture rates are.
Are your employees working efficiently?
Productivity dashboards can help you see how much machine time is being used and the labor time spent by your employees.
Financial Dashboard for Cash Flow Analysis
Are you sitting on inventory that’s draining your cash flow?
Financial dashboards are useful when evaluating cash flow. They can give you information that shows you where you are losing the most money and making the most profit.
Automatic data collection and analysis, via dashboards, provide real-time reporting for every department and help identify trends in your company.
For decision-makers, the bottom-line benefit of ERP software is that it will:
- Help owners make informed choices
- Maximize profits
- Increase productivity
- Create strong cash flow
Subscribe to Quick Tips Now
[iframe width="100%" height="200" scrolling="no" src="//marketing.mie-solutions.com/acton/media/11387/quicktips" allowfullscreen/iframe]