ERP, or enterprise resource planning, is a smart solution for small to medium businesses that are looking to improve their internal processes, perfect their time management, increase output, and maximise available resources. If you are looking for the right kind of ERP solution for your retail business or organisation, take a look at our top tips on how to go about choosing the right fit:

1.    Understand the benefits of an ERP solution

An ERP solution boasts numerous benefits, especially for small businesses with limited resources. One of the most prominent benefits is that a reliable ERP solution helps to eliminate various sources of inefficiency, allowing decision makers to identify blockages and red flags, and ultimately make better, more informed decisions. Eliminating the probability for human error, unnecessary cost and operation waste, an ERP solution can bring about swift and effective change within a short space of time.

2.    Identify weaker areas of operation

Over time, there is no denying the fact that businesses do tend to develop cracks in their processes, which were previously flawless. Not only is this natural for any business, but it is also indicative of room for change and opportunity for improvement. However, in the ever-changing and growing world of business, it is important to ensure as much effective assistance as possible. The first step in finding out what assistance is necessary is by identifying weaker areas of operation. For some, this could be in the form of data management while others may be struggling with implementing the latest payment technology. Once these weaker spots are identified, decision makers can begin with a strategic approach to finding an ERP system.

3.    Focus on multi-faceted efficiency

Choosing an ERP solution that suits your needs is imperative. It is important to ensure that your selected solution is as unique as your business to ensure that all of your bases are covered. When choosing a solution, it is important to focus on efficiency in all facets of your business, including installation, initiation, and cost. While the most advanced ERP software can cost a small fortune, you may find that you don’t need the full package. Alternatively, you might find that you would like to spend more money on the initiation and training cost instead of the actual software to ensure that you staff are better equipped with managing the solution. Whatever direction you choose, ensure that efficiency is at the top of your priority list.

4.    Support is important

Unexpected downtime can be a challenge, especially when your staff members are unable to perform simple maintenance tasks on their own. When selecting an ERP solution for your business, it is imperative that you select a service provider that allows you ample user support in real time. Without this, any software or hardware problem that may arise can lead to unforeseen delays or unexpected red flags in your organisation’s output.