With the era of information technology development, the application of software to enterprise management is indispensable, which is also the most effective way of enterprise management today. The following article will describe in more detail how to manage this business effectively.
1. Effective Business Management Method
To manage an enterprise effectively, the business administrator (the business owner) needs to master several methods as follows:
Strategic planning in a scientific, detailed way
This is the first job and important for any administrator. Strategic planning is the process in which an administrator identifies, chooses the strategic goal of the business and outlines the actions needed to achieve that strategic goal. If an administrator plans a strategy scientifically, details such as deciding in advance what to do, how to do, when to do … to make things possible, must happen or not happen In a way that benefits the business on the basis of the organization’s overall goals, taking into account the requirements of objective laws that govern every element and every aspect within the enterprise as well as the outside environment. Social and economic schools will be like having a “guideline” to implement, so businesses will achieve the set goals.
Assign work to each employee, each department/department reasonably and effectively
Business plans and strategies will be implemented more effectively when the administrator knows how to assign and arrange jobs for each employee, each department, each department in the most reasonable way. Therefore, administrators need to know the specific working time, capacity, qualifications of each employee and the workload they are undertaking. Yes, the process of arranging work for each new employee to be effective.
Organization and stratification of employee systems in the enterprise
A good administrator is not the one who does everything but they have to know how to divide the work, give power to others to coordinate the work more effectively. Therefore, the organization and stratification of the employee system are essential. Especially for large enterprises, this stratification activity has become an indispensable important factor to be able to perform more simple and scientific management.
However, to be able to effectively layering and arranging employees, administrators need to identify the process, work capacity, management capacity of each employee. The more decentralized it will be those who have more jobs and the function they have with the larger business. The administrator of the business will receive reviews, work results and reports from the heads of each department/department to be able to control the work activities comprehensively.
Control the basic data of the business
In the operation of enterprises with many types of data, administrators need to know the specific division into each type and have reasonable control mechanisms:
Good control of cash flow
Managing cash flow is one of the important tasks of the managers, namely the chief financial officer. Cash flow is the lifeline of every business. Good cash flow management not only ensures a smooth and convenient business but also a basis to overcome rivals when the time comes. Some methods to help manage cash flow effectively:
- Planning, monitoring and controlling cash flow
- Improve receivables
- Manage details of accounts payable
- Optimize the management process of finished goods and inventories to free cash flow
- Choose the right customers and partners
Control sales volume increase or decrease
The volume of goods increases or decreases much regardless of the subjective will of the business. The system of goods sold sometimes depends on the market mechanism, the surge in customer demand, the price of goods and the quality of goods changes.
Controlling the number of goods sold will help business owners can analyze the causes of increase or decrease, propose timely plans to regulate and accelerate the sales process if that trend is increasing, and changing. Alternatively, consider the sales process if the trend is down.
Keep track of accounts receivable
Even if the cash balance of business is large, managers should take time to check the accounts receivable. This can be a bridge between business and business relationships with other agencies and businesses. Tracking the accounts receivable will help the administrator know whether the outstanding amount has been long or not, the amount of debt affecting the operation of the business and provide a reasonable solution. According to scientific statistics, nearly 80% of enterprises went bankrupt due to uncontrolled accounts receivable.
Good control of inventory
The amount of inventory a business determines its strength against competitors. But to optimize that power, the administrator must control the entire inventory operation as well as inventory through reducing operating costs, inventory costs and optimizing inventory turnover. warehouse of business. For manufacturing enterprises, the amount of inventory of raw materials for production will help businesses save most of the cost of equipment, labor, depreciation and other allocation costs when lack of goods to produce.
Control the productivity of each employee, each department/department
To be able to manage the business effectively, an administrator needs to know specifically the productivity of each employee, whether they are working effectively, good working attitude, time. work with stability and assurance, … Those factors will directly determine the productivity and performance of the whole enterprise.
Control of productivity and efficiency helps managers make decisions to reward, discipline or encourage and develop the talents of employees, and make appropriate adjustments to increase business efficiency. Business.
2. How To Manage Businesses Effectively By Applying ERP Software Solutions
From the above effective enterprise management methods, and with the development of digital technology, the application of ERP software solutions to enterprise management is the most effective way of managing businesses. Indeed, there are many benefits to businesses when applying ERP:
Labor productivity will increase because the input data is only required to be entered once for all relevant transactions, and reports are made at a faster and more accurate rate.
Enterprises can control the limits of inventory, liabilities, costs, revenue, profits … and can optimize resources such as raw materials, labor, exam machines. public … just enough for production and business.
The information of the Enterprise is centralized, complete, timely and able to be shared for all subjects that need to use such information as customers, partners, shareholders. Customers will be more satisfied because the delivery will be made accurately and on time.
ERP application also means reorganizing the business activities according to professional processes, by international standards, so it improves product quality, saves costs, increases profits. profits, increase competitiveness and brand development of the Enterprise.
3. ERP Software BRAVO Is The Secret Of Effective Management Of Many Large Businesses
ERP application is an indispensable trend, an important tool for businesses to improve their competitiveness, and it also helps businesses better access to international standards. But choosing the right software unit, meeting the current management requirements of the business as well as being able to integrate and expand in the future is not easy. Therefore, enterprises need to research and understand carefully about software solutions as well as suppliers.