Using SAP Business One to Improve Efficiency and Make Data-Driven Decisions
Improving the timing of production, purchasing, and sales can serve to ensure that you are able to grow your business. Each department, when functioning with maximum efficiency, has the potential to cut your company’s costs. As a direct result of each element of your enterprise operating at its most effective pace, the seamless fluidity of your business will dramatically improve your organization’s bottom line. As a business leader of a manufacturing, wholesale distribution or online retail business without one unified software system, such as SAP Business One, for financial accounting, customer relationship management, sales, inventory tracking, warehouse management and material requirements planning, it might be a good time to ask yourself these questions:
- How efficient is your business?
- Would it be possible to reduce storage costs if you were to adjust your production schedule?
- Are you timing shipments from your suppliers so that you receive parts or tools right when you need them?
- Are you marketing to your customers or clients at the times when they are most likely to make a purchase?
In order to determine where your company is already performing efficiently and to identify areas where there is room for improvement, having access to the right data is essential. Monitoring your production line and considering storage and shipping costs can help you to manufacture products just in time – reducing the costs associated with warehousing or, on the opposite end of the spectrum if products are not ready on time, the costs of expedited shipping. Evaluating your supplier relationships can help you to identify whether you are purchasing with the right frequency and help you to identify opportunities to lower costs. Knowing when your customers are most likely to buy and timing marketing messages effectively can help to increase sales.
Ultimately, in order to make improvements in production, purchasing, marketing, and sales, you need to know how your business is doing now. Further, when your business is in a growth period, having access to data and information that is accurate and current helps you to make the appropriate adjustments – and avoid the risk of making costly mistakes.
Some tools allow you to access financials, supplier information, details about your production line, and data related to marketing and customer buying trends. With this information, you will have the power to fully understand your business and to chart the course from where you are to where you want to be. SAP Business One provides you with the data you need to analyze your situation in real-time, weigh the benefits and risks of decisions, and track your successes as you strengthen your organization. Learn more about SAP Business One now:
Contact Cornerstone Consulting at (813) 321-1300 Regarding SAP’s System for Small or Midsize Businesses, SAP Business One
For more information about how SAP’s system for small and midsized businesses can help your enterprise become extremely efficient, contact Cornerstone Consulting, Inc., a business consulting, web development, IT services company and top value added reseller (VAR) of SAP Business One, SAP Business ByDesign and Comgine e-Commerce software.