Save More Money With An ERP System — The Parker Initiative (2024)

An ERP system saves money on operational costs

Investing in an ERP system like NetSuite can reduce your overall operational costs by 20%. A large amount of these savings come from inventory control. Inventory costs will hit your business two times- carrying and handling. With accurate data regarding your inventory you can save your company a significant sum over time. You can guarantee accurate stocking per season based on consumer trends and empty those shelves with less wasted product.

An ERP system saves money on administrative costs

ERP systems automate record-keeping and inventory management within each department of your company. You can easily retrieve data from your system for audits and other business reviews. You can also keep track of supplier contracts and performance, which means you can easily determine which relationships are working and those that are not.

Learn more about ERP systems

You can ask our team specific questions you have about ERP systems! We’re excited to work with you. We help our partners plan, learn and get the best out of their ERP systems.

Save More Money With An ERP System — The Parker Initiative (2024)
Top Articles
Latest Posts
Article information

Author: Aron Pacocha

Last Updated:

Views: 6282

Rating: 4.8 / 5 (48 voted)

Reviews: 87% of readers found this page helpful

Author information

Name: Aron Pacocha

Birthday: 1999-08-12

Address: 3808 Moen Corner, Gorczanyport, FL 67364-2074

Phone: +393457723392

Job: Retail Consultant

Hobby: Jewelry making, Cooking, Gaming, Reading, Juggling, Cabaret, Origami

Introduction: My name is Aron Pacocha, I am a happy, tasty, innocent, proud, talented, courageous, magnificent person who loves writing and wants to share my knowledge and understanding with you.