POSSIBLE ISSUES FOR SMALL BUSINESSES

1. Convenience

   Convenience is the biggest perk.
   with your purchases, and you can do your shopping in minutes. Online shops give us the opportunity to shop 24/7, and also reward us with a ‘no pollution’ shopping experience.
   There is no better place to buy informational products like e-books, which are available to you instantly, as soon as the payment goes through.

1. Data Security and Quality

   One of the biggest advantages of an ERP system is data security.
   After all, at the heart of the ERP concept is data.
   Sharing data across functional silos such as customer service, sales, marketing and business development enhances collaboration throughout a company.
   The other side to widespread data access is controlling who can see and edit the information.
   ERP solutions have intrinsic controls to ensure the security of your data.

1. Better Prices

   Cheap deals and better prices are available online, because products come to you direct from the manufacturer or seller without involving middlemen.
   Plus, it's easier to compare prices and find a better deal.
   Many online sites offer discount coupons and rebates, as well.
   Not only are prices better, but you can save on tax as well, since online shops are only required to collect a sales tax if they have a physical location in your state. Factor in the saved expense of gas and parking and you have saved yourself a lot of money!

1. Improved Collaboration and Workflows

   Collaboration is an essential part of a thriving business.
   But more often than not, companies find their teams working in silos simply because collaboration requires more time and effort.'
   But ERP makes collaboration a piece of cake. An ERP platform streamlines the process of collaborating with others by providing employees with access to the data they need when they need it.
   They do this by providing an interdepartmental database, where information from each department is funneled into one centralized location.

1. No Crowds

   If you are like me, you hate crowds when you're shopping.
   Especially during holidays, festivals, or on weekends, they can be such a huge headache.
   Also, being crushed in the crowds of shoppers sometimes makes us feel rushed or hurried.
   You don't have to battle for a parking place.
   All of these problems can be avoided when you shop online.
   

1. Standardized Business Processes

   Most ERP systems are developed according to industry best practices.
   These tried-and-true processes bring major benefits to the table for businesses of all sizes.
   It also allows businesses to standardize their own processes and systems, which further enhances productivity and efficiency.

1. No Pressure

   Oftentimes when we're out shopping, we end up buying things that we don't really need, all because shopkeepers pressure us or use their selling skills to compel us to make these purchases.

1. Facilitated Regulatory Compliance

   One of the most difficult ongoing tasks for businesses is meeting compliance requirements.
   Maintaining perfect accuracy within your financial records isn’t exactly easy, but needs to be done nevertheless.
   ERPs aid in regulatory compliance by virtue of secure and validated data, combined with built-in reports.
   These reports can also be automated to reduce the cost of continual audits.
   Additionally, many ERP vendors take specific regulations into account such as the Sarbanes–Oxley Act (SOX) and the Federal Information Security Management Act (FISMA).

1. Easy Price Comparisons

   Comparing and researching products and their prices is so much easier online.
   If you're shopping for appliances, for example, you can find consumer reviews and product comparisons for all the options on the market, with links to the best prices.
   We can research firsthand experience, ratings, and reviews for most products and retailers.

1. Improved Supply Chain Management

   For companies that deal with the moving of physical inventory and production, an ERP system bolsters supply chain management in a variety of ways.
   This improvement results in shortened lead times, more on-time deliveries and many other benefits that enhance the overall operation and success of your business.
   Through a well-designed ERP platform, your supply chain can become better and more responsive via improved demand forecasting, inventory management, procurement and more.
   A streamlined supply chain also facilitates manufacturing innovations, which can help you reduce costs and develop exciting new products that give your business the competitive edge it needs to stay ahead.

POSSIBLE ISSUES FOR SMALL BUSINESSES

1. Convenience

   Convenience is the biggest perk.
   with your purchases, and you can do your shopping in minutes. Online shops give us the opportunity to shop 24/7, and also reward us with a ‘no pollution’ shopping experience.
   There is no better place to buy informational products like e-books, which are available to you instantly, as soon as the payment goes through.

2. Better Prices

   Cheap deals and better prices are available online, because products come to you direct from the manufacturer or seller without involving middlemen. Plus, it's easier to compare prices and find a better deal. Many online sites offer discount coupons and rebates, as well. Not only are prices better, but you can save on tax as well, since online shops are only required to collect a sales tax if they have a physical location in your state. Factor in the saved expense of gas and parking and you have saved yourself a lot of money!

3. More Variety

   The choices online are amazing. You can find almost any brand or item you're looking for. You can get in on the latest international trends without spending money on airfare. You can shop from retailers in other parts of the state, country, or even world instead of being limited to your own geography. A far greater selection of colors and sizes than you will find locally are at your disposal. Plus, the stock is much more plentiful, so you'll always be able to find your size and color. Some online shops even accept orders for out-of-stock items and ship when they come in.
   

4. No Crowds

   If you are like me, you hate crowds when you're shopping. Especially during holidays, festivals, or on weekends, they can be such a huge headache. Also, being crushed in the crowds of shoppers sometimes makes us feel rushed or hurried. You don't have to battle for a parking place. All of these problems can be avoided when you shop online.

5. No Pressure

   Often times when we're out shopping, we end up buying things that we don't really need, all because shopkeepers pressure us or use their selling skills to compel us to make these purchases.

1. Easy Price Comparisons

   Comparing and researching products and their prices is so much easier online.
   If you're shopping for appliances, for example, you can find consumer reviews and product comparisons for all the options on the market, with links to the best prices.
   We can research firsthand experience, ratings, and reviews for most products and retailers.