Do you know your company can have a leap if you just implement ERP software in your company?
Yes, it can. If you have no idea what I am talking about let me just explain.
Enterprise Resource Planning popularly known as ERP is a kind of software that can help your company improve its efficiency. It helps to unite the information system throughout the company.
ERP combines all the data in a common data model and covers a deep and broad operation right at the beginning. ERP software for garments in Bangladesh is contributing to modernize this sector. It is best suited for the garments industry. It includes the functions related to HR, finance, manufacturing, supply chain services, and distribution.
Because of the benefits or advantages this software comes up with, most garment industries prefer to have this in their company.
ERP Software Features and Advantages
Well, most garments are moving towards this, which means it has those benefits that a company seeks. This is the most influential and updated software for the enterprise, especially for the garment industry.
It has so many superb features. Some important features are written here. Here you go.
Integrated Information:
ERP is the one-stop information hub for a company. It is the center of all the data that your company has. It integrates all the departments in one place.
This software is a single location for all information. You don’t need to be worried about data accuracy. Because all the data is updated in real-time and accuracy, and consistency is given the most priority.
Financial Management:
Managing financial issues is a big challenge for large garment industries. By implementing ERP in your garments you can monitor and analyze the financial data. It includes all the financial data including all payables, receivables, budgets, costs, forecasts.
You can have related information about the insights of the expenditures. That as a result helps you to find out the profit margin. You can check out if any extra spending is happening or not. It helps to take futuristic decisions about financial issues.
To maximize the profit, and decreasing the costs there is no alternative to ERP software. Because it will improve the cash flow, reduce spending, increase profit.
Competitive Advantage of Garments ERP Software:
Many garment owner believes that ERP software is too costly for them to implement. They fear the possibility of loss.
That’s why they keep using the cliche methods of the past. But the truth is if you implement ERP in your garment that can give you a huge competitive advantage over your competitors.
The benefits that ERP will add to your company will, in turn, help you stay ahead of the other companies because it will help you make an accurate decision. You will no longer have the risk of making gross mistakes in decision making.
Department Collaboration:
A business where all the departments are interconnected and work together to achieve a goal gets more success than the company which doesn’t have this practice.
ERP implementation will collaborate with all the departments in a single platform and everyone will get informed about new strategies. This will help them follow the instructions given by the top management.
Departmental collaboration is crucial for any organization. ERP software works centrally using the data. As it works as a central data processor it can touch all aspects of the business.
The data gets updated in real-time so as soon as any decision is made, all the departments get the update instantly.
Process Efficiency improvement:
In the traditional system, many processes were repeated unknowingly. But the beauty of an ERP solution is that you don’t repeat the same process.
It reduces the need to input data manually. That improves process efficiency. Besides, it eliminates the data that is not related to productivity.
Thus it improves the overall data processing system. Therefore ERP works as a helping hand and to get the process efficiency improved.
Perfect forecasting:
Enterprise resource planning allows your management to forecast the business condition. The garment industry is not a stagnant market. It is constantly changing and according to that managers have to take initiatives.
ERP helps to predict the future market. You have to think ahead of time and plan what you need to do in the future. Accurate forecasting can save a huge amount of money by avoiding many risks.
In a market like Bangladesh where garments are booming every day, a manager has to be proactive. ERP software for garments in Bangladesh becomes a mandatory solution when you consider the importance of forecasting.
Increased Productivity:
If you think of a manual resource planning system where you have to input data manually and update all the information separately that would take a huge amount of time.
This waste of time affects productivity. By adopting the enterprise resource planning system to your business you can save that time and invest that into production. After that, no work will be delayed because of the slow processing system. There will a drastic improvement in productivity.
Nevertheless, enterprise resource planning is beneficial software for any garment industry, you must consider a few things while implementing this. Some things are very crucial and can influence the success of implementing ERP. If considered, these things can contribute to generate revenue. Let us discuss a bit about those things.
A lot of options:
Well, as modernization has started many companies are offering the same thing with different quality. You have a lot of options. This is the first challenge to face. Out of all the available enterprise resource software you have to choose the best one. The same software may not suit every company.
Every organization has a different aspect to look at. So, the software should suit your company and provide all the necessary services that your company needs. While choosing an ERP software make sure you have a clear idea about your business processes. Without a firm knowledge about all the processes your business is engaged in, you cannot select a perfect software.
Technical issues:
Let’s face it. There are some technical issues you have to overcome before adopting this kind of software.
You may ask, what kind of technical issues there might be? Let me explain.
You match the technical requirements of your company with the services of the software. Before you go for it, at first decide whether you need a cloud solution, or hybrid one, or on-premise solution. After getting the answer to these technical question you may take the first step towards implementing this amazing software in your garment industry.
To combat the technical issues I would suggest you start a project that will complete the implementation process. By doing this, you will know about the hardware requirements, data conversations, resource controls. You should set a timeline, an accurate plan, and follow a roadmap to get it done.
Data quality control:
Another challenge that every garment company faces while implementing ERP in their business is the data quality control. While merging the existing data into the ERP system you should decide first which data you will collect for the operations.
Then you should keep reserved duplicate data in the previous system. Take the help of an IT expert to guide you throughout the implementation process. They can help you have control over the data quality.
Customer discussion:
This is important but most companies do not pay much heed to this. Before you implement ERP in your company, talk to your customers.
Take their suggestions. Because ultimately you are going to provide services to them. If you let them know that you are adopting this software into your company they will put trust in you.
They will feel connected and your success in implementing this will get accelerated. So, get connected with the honest and well-wishing customer to get some ideas from them. Even you can even talk with your suppliers as well. This also will help in the end to have faster growth.
Willingness for adaptation:
What if you implement ERP in your company and didn’t see any success. Yes, it can happen. Because the success of ERP implementation largely depends on the willingness to adapt.
The new system may not suit everyone. The users may not be comfortable with the system. They are not willing to get adapted to this software. It can be difficult to change their minds. Because for a long time they are using a traditional system and suddenly it may take time to get adapted to that.
So, when you want to implement ERP in your garment make sure your employees are ready for this. Before implementing get them prepared for this.
Before wrapping this article, I must say, it’s not a time to continue with the traditional manual systems. It is an era of digitalization. So, companies in the garment industry must go for ERP software.
We hope ERP software for garments in Bangladesh will bring new opportunities and someday Bangladeshi companies will rule this industry internationally. Because ERP will increase productivity, reduce cost, save time and improve efficiency. Just keep the things I have mentioned as the precautions.
