When you start your business, you will do whatever you can in your power to survive. You might sign up any customers that might have any amount of money in their pockets. You might sell an offering that you might not have on your menu. Again, we as entrepreneurs have figured out how to survive. But the same entrepreneurial spirit fires back when you are trying to scale your business. Once you reach an inflection point, you will likely have the most complex product mix, manufacturing, and inventory processes resulting from ad-hoc survival or incomplete customer and vendor data driving unnecessary manual processes. At this point, you have two choices, either live with the processes that might not be relevant anymore for your business. Or, start with a clean slate and draw every process out there and simplify as much as possible.
In today's episode, we invited a panel of cross-functional experts for a live interview on LinkedIn who brings significant expertise to discuss the strategies for business simplification prior to implementation. We covered many grounds, including why simplification matters and which business objects you should prioritize for simplification. Finally, we discussed several stories related to chart of accounts, sub-accounts, work centers, inventory part numbers, paper-driven processes.
For more information on growth strategies for SMBs using ERP and digital transformation, visit our community at wbs.rocks or elevatiq.com. To ensure that you never miss an episode of the WBS podcast, subscribe on your favorite podcasting platform.