SME & ENTERPRISE APPLY ERP SOLUTION

How does ERP solution help SME & ENTERPRISE businesses make a breakthrough?

SME & ENTERPRISE company in Vietnam appropriates up to 95%, plays an important role in the country’s economy. Most businesses have difficulties and arise many problems in resource management, so let’s see what those problems are and how ERP solutions will help businesses solve that problem.

The most pressing problems exist that prevent SME & ENTERPRISE businesses from developing

1. Human resource issues

– The recruitment process is inefficient and unclear, affecting the low quality of input human resources of the enterprise

– The quality of human resources can’t respond the demands, there is no policy to train and improve skills or professionalism for employees.

– Human resource policy is not enough to promote individual development

– There is no policy to retain talent employees.

2. Management issues in SME & ENTERPRISE

– Lack of knowledge about law: Enterprise law, tax… leading to unnecessary losses.

– The apparatus is not synchronized, resource allocation is not efficient.

– Lack of specific business processes, leading to backlog consequences, extrusion of responsibilities, and work that is not handled effectively.

– Not strictly controlling the costs incurred.

– The management level is not good, the role of the business owner has not been shown well.

– Don’t have specific mission and vision.

– Conservatory of business owners in changing and reforming the system.

3. Technology issues

– Modern technology has not been applied to business operation management.

– The infrastructure is not enough to serve the development demands of enterprises.

4. Funding issues

– Effective capital mobilization methods have not been applied yet

5. The matter of strategy

– Not really interested in strategic partners of the business, should promote relationships with strategic partners in the industry to create motivation and get the best support in the process of development activities.

– There is no specific strategy to create brand value or improve the quality of both products and services.

Changes when implementing ERP solution application into SME & ENTERPRISE company

1. Human Resources

– Carrying out the work according to a clear and specific process.

– The quality of personnel recruitment always sets the criteria of each requirement of each position according to the information given on the ERP system.

– Training and improve the quality of human resource development regimes are built specifically and transparently with high welfare, creating employee satisfaction in the corporate environment.

2. Business management issues

– All information is updated accurately and instantly, supporting administrators to have an visual view of the business’s operational situation anytime, anywhere. Support quick and effective decision making to improve business productivity.

– Resources are allocated properly through individual performance reports, optimizing resources in the business.

– Support business process, all activities take place continuously and accurately.

3. Technology issues

– Integrating modern technology into business activities, operation management activities are all digitized and performed uniformly on the single platform.

4. Funding problem

– ERP solution is supporting managers to have the most total view of the capital situation of the business, based on specialized reports to make the most appropriate capital mobilization decision.

5. Strategy Matters

Provide all information about products, markets, make in-depth reports that managers will have the most appropriate and effective product strategies as well as business development strategies.

Based on what has been analyzed above, application of ERP solutions into enterprise resource management SMEs is an inevitable process in the 4.0 era, the trend of digitizing businesses to increase competitive advantages to help businesses have a breakthrough and sustainable development in the industry market.