Entrepreneur Must Deal with Operational Challenges

The key aspect of business optimization is about dealing with operational challenges. Mr Kunal Singhal , MD of Eazy ERP writes on  the issues that an entrepreneur from the SME segment must consider.

NEW DELHI: Operational business challenges such as production delays, confusion in sourcing, inefficiency in resource utilization and most annoying leaving an unhappy customers. There are some of the never wanted situations for any entrepreneur.

If any of these are getting faced or all of these are entering into your daily business routine, then it’s means that your business require structuring and planning of business activities.

Also, from the technology perspective, a SME entrepreneur must have to understand the real outcomes of their investments. That analysis can be done by looking at following key elements:

If the organization’s current system is not efficient, it is only typical that people decide to take it upon themselves. So, an entrepreneur must examine the strength and pattern of decision making in his or her business.

Find working outputs using homegrown or third party customized systems that claim to enhance employees’ personal productivity. These systems usually use certain outside tools including databases and spreadsheets. Now, it is critical to understand for the business leader or an entrepreneur to examine status weather the data duplicacy, data security and employee efficiency.

It is very important to examine old system’s efficiency, and analyze your system’s databases and spreadsheets, by looking at frequent delays in your business productivity.

What ERP bring to the Business

These are some common issues and scenarios in the non-ERP businesses. However, an efficient ERP system makes it possible for all key data and business information to be stored in a central database, which allows for convenience in reporting and less possibilities for errors. There are several parameters which  can be considered while selecting an efficient ERP system.

Moreover, the implementation of an ERP system can minimize manual processes and paper documentation while eliminating redundancy. Furthermore, it brings the organization closer to an opportunity to have better control. For example, reviewing all existing business processes and identify the ones that are essential or those that can be eliminated and improved. Standardizing core business processes across the different departments is a possible way forward. The ERP system ensures excellent business practices which can ultimately maximize efficiency over the traditional ways of performing business tasks.

Be it manufacturing or service industry the ultimate aim is to ensure customer satisfaction. Only one element is responsible for making the customer satisfied that is customer’s experience in doing business with your organization. This includes quality of product or service, quality of customer’s interaction with your organization and quality of customer’s exposure in your organization’s business processes. The third element can differentiate your business from the competition and can build a remarkable trust.