Businesses that are successful usually expand, and this can mean an increase in physical facilities and number of employees as well as entry into new markets – both national and international.
For those in the fabrication and manufacturing industries, it's very possible that internal growth will lead to a desire to access new geographical areas for distribution. Whether that development includes participating in trade with relatively nearby countries like Canada and Mexico or across an ocean to Asia, Africa or Europe, keeping enterprise resource planning software effective and up-to-date should be a significant concern.
Because ERP systems form the backbone for operational insight and efficiency, the software needs to have room to adapt and grow along with a business. This is true for both internal productivity boosters like barcode data collection modules and international compliance concerns like syncing up factories in different nations and correctly converting purchases in different currencies to create consistent financial records. Research from Aberdeen Group shows that smoothing informational and operational issues between multiple locations is one of the most common desires companies have for their ERP platforms.
Emerging markets news site Ventureburn points out that language can also be a major issue for a company's ERP system, depending on where they expand to the market they are entering. While English is a commonly accepted business language in most parts of the world, the specific needs of an organization may require translation for some employees in a different country to fully utilize the software.
Growth means adding, changing components
Whether it means adding a barcode data collection system for factory floors or components to reconcile financial transactions from different parts of the globe, modular ERP is easily configurable and doesn't require expensive, overall customizations when it comes time to make specific changes. Although all-in-one ERP platforms provide various functions geared toward specific operations, making a change or improvement often means delays and a high price tag.
When businesses use modular ERP software like Microsoft Dynamics NAV, they can more completely manage their plans for expansion by adding components on an as-needed basis. Money budgeted for ERP can be used to deal with specific issues, allowing for more effective prioritization. By working with a qualified provider of modules specifically geared toward the manufacturing and fabrication industries, organizations can find the solutions that fit their needs and decide when and how to implement them, on a piece-by-piece basis.