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ERP Found Useful For SMEs
By Doug Caverly
Staff Writer
Article Date: 2010-09-22
Small and medium-sized enterprises often hold back when it comes to using new products and services, and this is reasonable enough; non-Walmarts don't have billions of dollars with which to experiment, after all. However, a new report suggests that SMEs should definitely embrace ERP solutions.
The report comes from the Aberdeen Group, and its title is "ERP in SME: Fueling Growths and Profits," which provides a good hint about the exact findings.
A formal statement then explained, "[T]op performing SMEs . . . are 50% more likely to have real-time visibility on the status of all processes from quote to cash. Informed small- and mid-size companies understand that a stable, efficient and versatile infrastructure is essential to meeting the expectation of sustainable future business growth. These companies are finding that the seeds for growth must be planted now in order to remain competitive in the years of prosperity ahead."
Also, people who appreciate solid figures should know that "top performing ERP implementations slash operating costs by 22%, administrative costs by 20% and inventory by 17%. They also improve complete and on-time shipments by 19% and internal schedule compliance by 17%."
That's sure to add up to a lot of money even at a small firm. Maybe especially for a small firm, in fact, if the organization's got less money to spare than a huge corporation.
So the Aberdeen Group's study counts as a significant win for the ERP industry. SMEs looking to get ahead may speed up their rate of adoption as a result.
About the Author:
Doug is a staff writer for WebProNews. Visit WebProNews for the latest eBusiness news.
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