The First Steps to Globalizing Your Small Business

Whether your business is small or quickly growing, it’s important to think toward the future. For many business owners, this means thinking globally. In a world where digital technology has changed how we do business every day, it’s not difficult to see why our business models have changed along with it. The way we communicate is key. The way we integrate technology into our supply chain systems is vital.

 

In the business of distribution and wholesale manufacturing—if your goal is to reach new customers and markets—visibility meeting performance indicators, and meeting company-wide objectives is a necessity. What’s your plan to make that happen?

Streamlining Your Workflow

Streamlining company-wide workflow isn’t a simple task. When we’re talking about reaching a local market, let alone a global one, we’re talking about creating workflows that reduce the overall time for each client from the moment they order to the moment you deliver. For small companies that are outgrowing their old systems, this usually means finding a new way to automate those workflows and utilize a new resource for managing operations. 

 

After all, although communicating globally may be incredibly simple with our various forms of digital communication, the same can’t be said for the systems we use.

The Possible Solution? Integrated ERP.

The growing pains felt in any small business are obvious, but adapting is the name of the game. With the rise of ERP (enterprise resource planning) in business, implementation of a worthy data system may be the thing that makes or breaks your global goals. Sure, there’s no simple way to implement an entire system to work seamlessly both locally and globally, and it’s not as easy as snapping your fingers to make a perfect ERP application appear. Most companies, no matter their size, struggle to create a system that can effectively manage their Supply Chain. An ERP might be the solution, but without a skilled team to help with the struggles of changing an entire system, adaption might not be possible.

 

The key isn’t to pass off the task to your small IT department and place blame on them when an integrated global system doesn’t run smoothly. Instead, either sit down and create an organizational team that’s ready to completely align any ERP for a supply chain, or hire a management team that can take on the task for you. Although you might be spending more upfront, in the long run, you’re saving yourself time and costs later down the road.

Globalization, ERP Solutions, and Small Businesses

If you currently have or are about to expand your organization across the globe you need to organize, strategize, and create data accountability from the ground up. Remember that, although you can make your ERP work on a global scale, there’s a lot of preparation that needs to be done.

 

  • Everyone needs to be on the same page. From the top levels of the company downward, every person needs to be on the same page when it comes to how an integrated system will work. ERP isn’t just about functional system design, but a change in how an organization works. I system can change and adapt, but everyone has to be on board with those system changes to have a successful data workflow. 
  • When thinking globally, you’ll need to take into account how operations will take place over multiple geographies, departments, and various divisions. From supply chains to financials to account management, the task for your company and an ERP seems daunting, however, the benefits often outweigh the initial challenges.
  • When your business is ready, invest in an ERP provider that understands the essentials of globalization. This means working with a team that’s more than able to work with various timezones, variances, currency, and business standards.
  • Build with a larger scope in mind. It’s not enough to integrate an ERP that will only grow with you over several years of change. Make sure that you’re building something that can scale up with your business without considerable effort.

 

For any growing business, smart choices can keep you afloat. That’s why, when you’re taking your first steps to globalization, approach the challenge with an ERP model that can take what you throw at it. Be on the same page as your team, and remember to work with a provider that is able to scale an ERP to work with your business model for the sake of cost and time effectiveness. 

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