Are you an organization in Pakistan that is looking for ways to grow their business 10x through technology? Look no further because here you are going to learn how Enterprise Resource Planning (ERP) can help you achieve your goal.
Pakistan’s IT system is still in its developing stage and unlike other countries’ economies Pakistan’s economy gives tough times to its business investors. With issues like inflammation, depreciating currency value and unstable political conditions it is difficult for business owners to navigate their way through economic uncertainties.
Thus one of the most reliable ways to ensure a business’s growth is by planning ahead of time and the most efficient way to do that is by introducing ERP in your business.
According to the Atlantic Council’s report in October 2022, Pakistan’s technology sector has seen a vast growth during COVID-19 pandemic. It reports that Pakistan had raised $322 million in 2022 and the IT sector became the largest net service exporter in the country. With this advancement Pakistan’s organizations can incorporate ERP in their businesses and can enjoy its various perks.
ERP systems allow businesses to stay on the track of growth by integrating various departments and by using information and data from these departments to plan ahead. Organizations in Pakistan can ensure growth in their businesses with integration of ERP, whether it’s a production business or service organization. Let’s look at how that is possible.
Cutting Cost, Ensuring Efficiency
As discussed in one of our previous blog posts, ERP can help reduce the cost of the business in a number of ways. But more specifically through cutting costs by effective resource allocation and improved inventory management.
Effective resource allocation enables efficient use of the labor, the equipment and the capital. It ensures that no resource is being underused or even overused which may result in unnecessary cost to the business. ERP ensures it has a check and balance on business’s costs generating factors and prompts the responsible parties to take action to minimize these costs. For example, unnecessary costs due to overstaffing or outdated machineries
Similarly, ERP helps improve inventory management also. It gathers data about inventory storage and stocking and uses it to figure out issues regarding inventory that are contributing to increase in costs. For example, cutting costs caused by frequent stock outs and consequently frequent shipping or transporting costs.
Revenue Boost
ERP gathers information from various departments of the business, whether it’s finances, human resource management, customer relationship management or manufacturing and production. It uses this data to find ways and opportunities to boost a company’s revenue. For example, this data can be used to integrate into various business strategies like SWOT (Strengths, Weaknesses, Opportunities and Threats) analysis, to assess the different conditions of the business and plan future steps accordingly.
Cutting costs and increasing revenue can maximize the gross profit of the business which eventually contributes to the growth of the business.
The More the Merrier!
One of the most major indicators of a business’s growth is the increase in its audience over a specific period and its customer retention rate. If the business succeeds in bringing a change in that, it means it has achieved the growth in real terms.
If used strategically, ERP can help achieve this growth rather efficiently. As ERP integrates data from different departments, strategists can use it to touch the different points of the business simultaneously, that directly target the audience or customers.
For instance, working on improving customer service/ support in the CRM department, focusing on quality control management in the Manufacturing and Production department and making use of marketing automations in the Marketing department can be an example of a direct approach to ensure customer retention and audience engagement.
The more you focus on touching these points the more the customers will be attracted to your product or services. In this way ERP ultimately contributes to business’s growth by collecting more audience.
Conclusion
Use of ERP for a business in its developing stage can be a much needed boost and the growth that the business owner might be looking for. Figuring out ways to cut costs, increase revenue and attract more audience can be extremely complicated and time taking processes but Enterprise Resource Planning can smooth the path forward for business.
So if you think your business needs an uplift but do not know where to start, then Corbis Soft has got you with its ERP services. We serve in various production and service industries like:
- Feed mills management
- Trading management
- Breeder shed management
- Real estate management
- 3S dealership management
- Solvent management
- Pesticide Management
- Point of Sale Management
- Broiler shed management
Use our ERP services and help your business prosper!
