ERP - Process Excellence
For enterprise systems, each major process like Procure to Pay (P2P) involves sub-processes. For P2P it has, at minimum, Purchase Requisitions (PRs), Purchase Orders (POs), PO Acknowledgements, Shipments and Supplier Payments. People entering PRs can monitor progress in the ERP screens or with analytics. To gain insight across the sub-processes or the entire P2P process, analytics are used. Enterprise system screens and analytics should coordinate the overall process and sub-processes for optimization. Continuously monitoring process metrics and adjusting where needed. This applies to all Company key processes in order to improve enterprise operations and increase shareowner value.
Supply chains and pricing are important now. Companies are forced to re-think sales and buying relationships and past practices. From reviewing current Customers, Suppliers, Products and Services for existing and future opportunities to improve the business. Identifying new contract opportunities and renegotiating existing contracts. We assist with business aspects to increase sales, stabilize supply and reduce inflated spend or pass along costs where possible. If you are experiencing challenges in either area, we can assist with assessing and organizing a solution.
Key reports for a company are the Income Statement or Profit & Loss (P&L), Cash Flow Statement and Balance Sheet. Comparing metrics from these reports with industry data provides a clear picture of Company performance.
These statements or reports have many financial cross-calculations that are used internally and watched by shareowners and prospective investors. These reports allow Executives to price products and services and to allocate resources correctly and to monitor progress and financial results.
There can be advantages to using 3rd Party software or services for certain functions like payroll, purchases, taxes and/or logistics. ERP ecosystems can have many software solutions surrounding the ERP and connected (integrated) or manually linked as part of the business process. ERPs cover most functional areas of the business as shown below.
ERP Processes
"Starting in Procurement and in Sales (buying and selling), ERPs along with CRMs and PLMs are a good fit. ERPs have grown to be core for business operations and have many business and technical configurations. They also tie to industry and market data. Understanding ERPs and connected systems and data that influences financial reporting is our focus. We provide services and software for ERPs, Process, Analytics, Data Science and Data Mgmt."
Jerry Millsap, CEO & Founder
