Why Do CEOs Need an ERP?
An ERP helps CEOs and senior executives make better strategic business decisions by supplying them with comprehensive, timely, and reliable internal data. A good ERP allows senior management to leverage hundreds of built-in metrics, KPIs, and reports to improve their team’s performance and move their business forward.
ERP Benefits for CEOs
1. Better Decision Making
Arguably, the biggest factor in making decisions is having access to the right data.
A 2015 study found that one in three companies cited not having access to timely internal data as a key factor in making bad decisions.
To remain competitive and viable as a small- to mid-sized manufacturer, your business strategy needs to be driven by clear, comprehensive, and timely information. With the marketplace moving faster than ever before, the price of raw goods fluctuating, and ever-changing developments in trade policy and the manufacturing industry, you need an ERP system to help you stay on top of, and move your organization forward.
A good ERP gives you access to crucial real-time data and facts, to help you make better strategic decisions. An ERP will let you access, aggregate, and analyze data to help you understand your business better to make more informed decisions, create a more efficient shop, and be confident that the path you have chosen is the right one for your business.
2. Improved Cost Savings
At the end of the day, keeping more money in the company coffers is the goal. Though ERPs may seem like a costly investment upfront, they will help you save money in the long term.
ERPs help your business become more efficient, which translates to more money in your pocket. ERPs help you streamline your organization and processes, meaning better supply chain management and inventory control, as well as lower labor costs, which all translate into greater profits for your company.
3. Enhanced Customer Experience
Keeping customers happy is the most important thing you can do to ensure repeat business.
If your customers like what you are doing, they are more likely to stay loyal — and recommend you to other businesses. Even though your customers will never directly interact with your ERP system, it is a vital tool in creating better customer experiences.
As your ERP helps you to streamline and make your business more efficient, you will offer more fair and consistent pricing, deliver a more consistent product, improve your service levels and delivery standards, as well as increase your customer service response times, all of which will leave you with more satisfied customers. And these happy customers will reward you by placing bigger orders, more often, leading to more business for you.
ERP Module for CEOs
Genius Analytics delivers real-time visibility across your whole company and puts a range of reports and analytics at your fingertips — giving you oversight into every aspect of your operations. You can quickly harness accurate real-time data and insights from Genius ERP, create easy-to-understand reports, and arm yourself with all of the information you need to make the best decisions for your business.
Genius Analytics can produce hundreds of accurate, real-time reports to better understand your organization and manufacturing processes to improve your bottom line and grow your manufacturing business. Reach objectives by setting targets and measuring progress with each new job order.
Set up alerts to stay in control of your most important activities. Leverage more than 100 built-in metrics and KPIs with our custom report toolkit to boost your team’s performance and move your business forward.
Use live dashboards to monitor everything you need to know about — including late jobs, employee, machine, workstation, and department capacity, quote conversion rate, purchase orders with backorders, and more — to keep on top of your shop, analyze your operations, and help guide shifting priorities.
Start making better business decisions today with Genius ERP. Request a demo to see Genius ERP in action!
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