Workforce productivity is an important statistic for calculating the success of a company. It is a vital metric in determining how efficiently a company is using its resources. Strangely enough, when a business’s profits take a nosedive, the topic of workforce productivity is often left out of the discussion.
To address the productivity problem, a growing number of companies and enterprises have taken steps to improve the capacity and efficiency of their existing workforce. The solution requires a thoroughly deep understanding of where your business is lacking regarding work environment, health care policy, and management style. With the right approach, you can reduce cost of labor without sacrificing overall output and productivity, all while keeping employee morale high. Investing in the right enterprise resource planning (ERP) software can give you the data you need to pinpoint productivity issues from the ground level up.
How does ERP software improve workforce productivity?
ERP software is largely known for tracking and management of business transactions and expenditures, but can also be used to indirectly improve workplace efficiency. Modern ERP software comes with workflow alerts and exception reporting allowing for faster and more accurate communication, reducing downtime. These are also implemented for use by hundreds of different companies, meaning there’s a wide pool of industry best practices to draw from to keep your company running like a Swiss watch. The robust data collection and management systems provided by ERP software also help eliminate redundancy of data, a problem that can become a huge time sink to correct as your data grows.
Here’s How ERP software has improved workforce productivity for Some Companies
Korpack Significantly Improved Workforce Performance with Acumatica ERP
Korpack is a fresh startup based in the Midwest that helps manufacturers and distributors find the most suitable packaging for their needs. Korpack looked into several ERP software solutions that could help them collect large amounts of accurate data on their business. They selected Acumatica based on its large number of customization options. Acumatica’s ERP software allows Korpack to streamline operations, get a better understanding of pricing structure, and make decisions on the fly based on up-to-date information. It has also allowed them to grow rapidly: the startup was able to service clients with the help of Acumatica back when they only had three employees.
New England Tile Achieved Dual Goal: Enhanced Productivity and Savings with Acumatica ERP
New England Tile had already been using ERP software before deciding they’d grown too large for their current ERP solution. With more than 8,000 products to keep track of, the software they were using couldn’t keep up with the volume of data they were managing. They needed a package that could help them improve efficiency and get a more accurate picture of the details of their operation. Eventually, they made the switch to Acumatica, which offers accounting, inventory, and sales functionality all integrated into a single package. According to New England Tile, both efficiency and productivity have been boosted, with the company saving $500 every month.