In an expanding economy, the biggest challenge facing building products and commercial equipment suppliers is effectively expanding operations without simultaneously growing costs. Growth must be handled extremely carefully, or you risk ballooning costs and shrinking your profits at the same time. Thankfully, an ERP solution can help facilitate growth for your business without a corresponding rise in expenses.
Expand your business through a work small, win big strategy
Work small, win big is a phrase we use to express the simple yet powerful concept that big gains in profitability can come from small adjustments to how you manage your operations. When applied, a work small, win big mindset allows you to expand your business without a proportional increase in overhead, resulting in increased profits. But how do you “work small” when your current workforce is running at max capacity?
ERP (Enterprise Resource Planning) software has been around for a long time. It’s currently integrated into countless businesses, helping to improve employee productivity, accounting, and many other functions.
The main purpose of ERP software is to increase employee efficiency and automate repetitive tasks. However, for ERP software to be truly effective it must be tailored to your specific industry. Otherwise, it may only help moderately in some areas, while unwittingly creating problems in others.
Areas where ERP can help the most
Usually in business, it’s the bottlenecks that hold us back from growth. It’s through identifying and rectifying those bottlenecks that you can facilitate growth. Here are a few common problem areas where ERP software can help building products and commercial equipment suppliers the most:
- Progress billing: with robust financial accounting tools like accounts payable and receivable as well as general ledger and asset management
- Order processing: tasks like order entry and inventory management, which usually are labor intensive, can be automated
- Project management: centralized tools for managing resources, projects, and billing
What to do before considering an ERP solution
Before investing in an ERP solution, it’s important to take stock of your current processes and identify potential bottlenecks. You won’t need to drastically change the way you do business; that’s not what ERP software is for. Instead, it leverages your current business practices by increasing efficiencies and automating repetitive tasks—so first you need to identify those inefficiencies and repetitive tasks.
Here are some places to look:
- Change orders
- Inventory management
- Project management
- Delivery management
Contact ContractERP for a free demo
Once you’ve identified bottlenecks and found areas where you’ll need to improve on to facilitate growth, you need to be sure that the ERP software you’re considering will be effective. Thankfully, we make it easy to request a demonstration from ContractERP—just contact us today to get started.
Want to learn more about how to work small and win big? Watch our informative videos specifically designed for owners, general managers, and project managers.