Enterprise resource planning is an important tool for businesses both large and small. The more efficiently resources can be used, the greater the benefits will be for the bottom line. However, expenses that go unmonitored can add up quickly. With the help of the right business management software solutions, companies can maximize their operational efficiency, while saving money in the process. 

Manufacturing companies know that when there are many different areas to monitor, it can be easy to lose sight of certain aspects of the business. ERP software helps increase the visibility of each area so efforts can be better coordinated. This allows companies to closely track inventory and share that information with suppliers. When software is used in ERP, processes that were previously conducted manually can be automated instead, saving time and money while improving operational efficiency. 

A cloud-based system can provide numerous benefits such as easier access and reduced costs. With the cloud, SMBs may be able to take advantage of the benefits of an ERP system without having to incur significant costs to do so.

As noted by Sharon Florentine in an article for CIO, "Cloud computing has enabled small and midmarket businesses (SMB) to offload costly, resource-intensive functions like storage, web hosting, and email, but many smaller companies still struggle to cobble together sufficient enterprise resource planning (ERP) solutions to manage their business processes and plan for future growth." 

It is worth noting that the advantages of a cloud-based system or a local system will depend on the requirements of your company. 

Improving the efficiency of processes is a primary objective of ERP software. With an effective system, companies can lower costs by decreasing waste and improving production. As the Small Business Chronicle points out, having streamlined processes is a key to increasing efficiency. 

"Streamlined design processes mean less rework, which also reduces costs. ERP systems improve sales forecasting, which leads to improved inventory management throughout the supply chain. For example, if a parts supplier knows when each one of his customers will need new supplies, he can plan his production shifts to manufacture just enough to fill demand, and he will not have to carry excess inventory or not have enough parts on hand to fill customer demand," writes Chirantan Basu. 

When it comes to manufacturing ERP software, you have a choice. The system that is right for your business needs will depend upon your current and future requirements, making it important to consider customizability when selecting a software system. A Microsoft business solutions partner, Accent Software can work with your company to implement the business management software that most effectively meets your business needs.