Enterprise resource planning (ERP) solution standardizes, streamlines, and integrates day-to-day business processes across finance, human resources, procurement, distribution, and other departments, connecting all data points and providing accurate business insights.
Businesses that benefit from ERP
An ERP solution is efficient and cost-effective that allows companies across industries to implement solutions that meet their complex business needs. Major industries that use ERP include:
- Engineering Services
- Professional Services
- Industrial Services
- Service Business
- And more
ERP Important for Promotional Products Suppliers
ERP systems for suppliers is a cloud-based solution that helps businesses manage the entire lifecycle of supplier inventory, from vendor registration to non-compliance recording. Integrated with application programming interface (API), it provides integration with various third-party applications to push/pull data from multiple sources and facilitate in-depth analysis to improve decision making.
This software allows the user to organize their inventory management, picking and shipping, customer management, and accounting.
ERP – Supplier’s Business Management Software
– Automates manual processes, such as invoice creation, routine communications, financial report generation, product and service delivery, and material requirements planning
– Better visibility into all aspects of the supply chain, increased efficiencies, and improved productivity
– Improved business data security, whether stored on-premise or in the cloud.
– Reduced inventory levels and costs
– Lowered procurement costs through aggregated purchases and negotiated contracts
– Utilizes a centralized database, allowing the accounting department to access the same information like sales, manufacturing, customer service, and the executive level, without needing to import or export spreadsheets.
– Trace pricing, files, communication, and custom fields.
– Identify cost-saving opportunities in your supply chain by tracking supplier pricing and purchasing rules.
– Improved responsiveness by compressing lead times
Experience an efficient, flexible, cloud-based promotional products ERP system for promotional products supplier. Get Promostandards ready with CustomBuilt.