There are numerous business software today that, if applied correctly, can significantly increase your productivity.
Anything you can invest in to boost your productivity will also enhance profitability. Still, all software is not equal. Some are great in some industries and not others, and others will give a higher return when applied than others.
Here, take a look at five software that significantly boosts a business’s productivity.
1. CMMS
A Computer Maintenance Management System is software that streamlines procedures and optimizes workflows by automating preventative procedures.
Once you implant a CMMS, it can be customized to:
- Schedule preventative maintenance procedures;
- Document and ensure compliance;
- Digitize systems creating a more efficient system with less paper;
- Support inventory management;
- Aptly capture your asset base;
- Flag problems early on to allow timely interventions;
Business disruptions can get very costly over time. A CMMS is beneficial to managers and maintenance technicians as it aims at ensuring minimal disruptions to workflows.
2. ERP
Enterprise Resource Planning (ERP) is software that connects an organization’s main functions. These can include payroll, human resources, Manufacturing Resource Planning, inventory, and customer relationship management.
Often, these functions are autonomous and are looked at individually. Unfortunately, this can bring about some inefficiencies. An ERP allows you to consolidate all your business functions and give you a comprehensive view of your activities.
With this, you are better placed to improve processes, automate processes, increase efficiency and reduce costs.
3. MRP
Materials Requirements Planning (MRP) is an inventory planning platform aimed at increasing a business’s productivity.
Companies in manufacturing and producing use MRPs to track raw material quantities and to schedule supplies promptly.
In essence, an MRP ensures that:
- Materials will be available for production as needed
- You reduce customer lead times
- Optimize inventory management
- Improve customer satisfaction
4. SCM
These are software modules or programs designed to manage end-to-end business processes. This is everything from the supply chain, managing supplier relationships, and demand planning and forecasting.
Some of the benefits to be realized from a good SCM software include:
- Improved quality control in terms of timely deliveries, better final product quality, better complaint resolution timelines, and so on
- An automated information flow that improves collaboration
- Increased efficiency from having real-time data on raw materials availability
- Businesses get a better view of demand and can adjust accordingly
5. PSA
While many of the above seem focused on manufacturers and producers, PSA software supports professionals outside these fields.
Professional Services Automation software (PSA) is specifically designed to help professionals like auditors, lawyers, and IT consultants with resource and project management. It also assists with managing utilization rates for billable staff.
Why Should You Invest in a Business Software
For your business to thrive, it has to be both profitable and competitive. These business tools can help you manage your processes better and achieve both these goals.
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