Today’s manufacturers must embrace business growth in order to keep up with customer demands, global markets, and their competition. While growing a business can be extremely beneficial, it also brings its fair share of risks and challenges.
You will learn:
- How to thrive in high growth mode
- Practical tips to handle the inevitable challenges of business growth
- Why the right technology is vital
Corporate Management | Session 3 of 3 | Tendenci AMS
Discover Rootstock ERP - How to Survive and Thrive in High Growth Mode
1. “Discover Rootstock ERP” Session 3
How Manufacturers Can Survive (& Thrive) in High-Growth Mode
David Bush
Senior Manufacturing Consultant, Rootstock Software
2.
3. “Discover Rootstock ERP” Webinar Series
Date Topic
July 18, 2017 Succeed with Rootstock:
Pro-Tech Replaces Spreadsheets and Old Software with Rootstock
August 15, 2017 Discover Rootstock ERP: Top 5 Inventory Mistakes and How to Avoid Them
September 19, 2017 Discover Rootstock ERP: How Manufacturers Can Survive (& Thrive) in High Growth Mode
October 17, 2017 Discover Rootstock ERP: How to Overcome the Challenges of Manufacturing Customized
Products
November 14, 2017 Discover Rootstock ERP
December 12, 2017 Discover Rootstock ERP
4. Meet Our Speaker
David Bush
Senior Manufacturing Consultant,
Rootstock Software
• 30+ years of manufacturing and MRP/ERP
systems experience
• Previously at General Microcircuits,
Consona Corporation, Relevant Business
Systems, Inc.
5. Today’s Agenda
• How Manufacturers Can Survive (& Thrive) in High-Growth Mode
– 1. What is “hockey stick growth”?
– 2. Top 3 crucial components of exponential revenue growth
– 3. The power of the Rootstock Cloud ERP Solution
– 4. The power of the Salesforce Platform
• Q&A
Let’s jump right in and discuss “Hockey Stick Growth”…
6. What is Hockey Stick Growth?
• Positive Company growth is illustrated by the flat line that goes along the blade of the
hockey stick and then proceeds to the right angle upwards.
• Bobby Martin’s book Hockey Stick Principals: The 4 Key Stages to Entrepreneurial
Success refers to the time period directly before growth as the “blade years”.
• The “blade years” are critical because without crucial components some companies
never reach exponential revenue growth.
• How can you be certain that your company will
hit that right angle and subsequent growth?
• The top 3 crucial components:
– Customer Satisfaction and Loyalty
– Employee Empowerment
– Systems Investment
Let’s discuss the first crucial component for growth…
7. Crucial Component for Growth #1
Customer Satisfaction
Not Rocket Science, but often missed factors include:
– Must keep customers thoroughly delighted; a time intensive task.
– Cloud ERP Solutions provide real time access for sales people to order information and enables
employees to help customers in real time.
– Understanding customer’s pain points, needs, and concerns is key to developing and
maintaining customer satisfaction.
– Cloud based ERP software provides the ability to quickly price products and parts, and true
availability, avoiding the dreaded “quote delay”
These factors lead to Customer Loyalty.
8. Crucial Component for Growth #1 (Cont.)
• Customer Loyalty
– Defined as positive feelings towards a brand or product and dedication to purchase
the same product or service repeatedly now and in the future, regardless of a
competitor’s actions or changes in the environment.
– Cloud based manufacturing inventory control, material planning software and
production control software all assure accuracy and efficiencies which enable a
stellar customer experience.
9. The Value of a Stellar Customer Experience
Think of your last stellar customer experience.
– How did the vendor make you feel?
– How quickly did they resolve your issues?
– But more importantly, did you take to social media or even talk about it at your
next meeting or with your friends and family?
Customer loyalty comes from great experiences and having access to resources that you
can call up in real time. These data resources make all the difference.
Let’s move on to the 2nd crucial component for growth…
10. Crucial Component for Growth #2
• Employee empowerment
– This commitment from management allows employees a certain
degree of anatomy and responsibility for decision making regarding
their specific organizational tasks.
– Example: Allowing a customer service rep to provide a discount to a
large order or waving return shipping charges for an incorrect order.
• With the right ERP system putting the right real time information in the
hands of the employee, they can be more responsive and helpful to the
customer, thus improving the customer experience.
• We will illustrate this concept using Rootstock ERP in a few minutes.
Let’s discuss the 3rd crucial component for growth…
11. Crucial Component for Growth #3
• Systems Investment
– Cloud ERP improves the efficiency of the manufacturing and purchasing process.
– In a recent Industry Week article about customer satisfaction, it states “in
manufacturing one-third of plants report on-time delivery rates of 90% or worse.”
• There is a great opportunity for improvement and chance to capture more customers if
on-time delivery rates can be improved or even fully resolved.
• With production control and inventory software, a company can create a confidence
level of project completion and then build in the metrics for improving delivery rates.
• Accounting and supply chain cloud software provides the resources to avoid the time
dedicated to “fixing incorrect orders” which often hinder exponential growth.
Let’s see how Rootstock handles the 3 crucial component for growth…
12. Rootstock ERP and Crucial Component for Growth #1
Information for Sales that can help Customer Satisfaction and Loyalty
(Summary Review by Item)
Let’s look at how Rootstock handles the 2nd crucial component for growth…
13. Rootstock ERP and Crucial Component for Growth #2
The same object can be used to foster Employee Empowerment
Let’s look at how Rootstock handles the 3rd crucial component for growth…
14. Rootstock ERP is the Crucial Component of Growth factor #3
The information you need is presented how you need to see it to support the
growth of your company.
Let’s explore the power of the Salesforce Platform…
15. The Power of the Salesforce Platform
• Rootstock ERP is built on the Salesforce platform, providing key advantages:
– Security and Reliability:
• The Salesforce enterprise cloud platform has Industry-leading security and offers
robust, out-of-the-box security controls
• Upgrades are easy, reliable and don’t disrupt business processes
– Scalability
• One of the great advantages of cloud-based ERP solutions is the capacity to scale
to the largest of teams. The architecture behind Salesforce is designed to handle
millions of users and scales as quickly as firms require.
• Easily grows with your company – adding additional users and modules takes
hours…not weeks or months!
16.
17.
18. Where Do We Go From Here?
• We have now covered in our first three Discover Rootstock ERP webinars:
– How Rootstock’s customer, Pro-Tech, went from unlinked spreadsheets
and outdated software to an integrated enterprise system
– Top 5 inventory mistakes and how to avoid them
– How to Survive in High Growth Mode – the power of Rootstock Cloud
ERP and the Salesforce Platform”
• In our next “Discover Rootstock ERP” webinar on October 17 we’ll discuss
“How to Overcome the Challenges encountered when Manufacturing
Customized Products”
Now let’s go back to our moderator, David Cosgrove…
20. “Discover Rootstock ERP” Webinar Series
Date Topic
July 18, 2017 Succeed with Rootstock:
Pro-Tech Replaces Spreadsheets and Old Software with Rootstock
August 15, 2017 Discover Rootstock ERP: Top 5 Inventory Mistakes and How to Avoid Them
September 19, 2017 Discover Rootstock ERP: How Manufacturers Can Survive (& Thrive) in High Growth
Mode
October 17, 2017 Discover Rootstock ERP: How to Overcome the Challenges of Manufacturing
Customized Products
November 14, 2017 Discover Rootstock ERP
December 12, 2017 Discover Rootstock ERP
Editor's Notes
INTRO SCRIPT:
Good Morning and Afternoon everyone, and welcome to today's webinar sponsored by Rootstock Software.
We are pleased to bring you session 3 in our webinar series “Discover Rootstock ERP”, practical solutions for today’s manufacturers.
The Discover Rootstock ERP webinars will take place monthly until the end of 2017.
Today our webinar will focus on the How Manufacturers Can Survive (& Thrive) in High-Growth Mode.
Moving on to some housekeeping.Before we get started, I’d like to go over a few items so you know how to participate in today’s event. We've taken a screen shot of an example of the Attendee interface. You should see something that looks like this on your own computer desktop in the upper-right corner.
You’re listening-in using your computer's speaker system by default. If you prefer to join over the phone, just select “Telephone” in the Audio pane and the dial-in information will be displayed. All attendees will be on mute throughout the presentation. You’ll have the opportunity to submit text questions to today’s presenter by typing your questions into the Questions pane of the control panel. You may send in your questions at any time during the presentation; we will collect these and address them during the Q&A session at the end of today’s presentation.
Now we’ll take a look at our upcoming schedule. Today we will be covering “Discover Rootstock ERP – How Manufacturers Can Survive (& Thrive) in High-Growth Mode.
Our next Discover Rootstock ERP webinar is scheduled for October 17, 2017 and will cover the topic: How to Overcome the Challenges of Manufacturing Customized Products.
I encourage you to follow Rootstock Software on LinkedIn, Twitter, Facebook, Google Plus and more for the latest and most important information about Cloud ERP. Follow Rootstock Software on social media!
ABOUT PRESENTER :I would now like to introduce today’s Presenter, David Bush, Senior Manufacturing Consultant at Rootstock Software.
David Bush has 30+ years of manufacturing and MRP/ERP systems experience.
David was previously at General Microcircuits, Consona Corporation, and Relevant Business Systems.
David, take it away……………..
Today’s webcast will focus on How Manufacturers Can Survive (& Thrive) in High-Growth Mode.
. I will walk you through some of the top ways to survive the chaos of growing your company. I will then show you how Rootstock Cloud ERP built on the Salesforce platform can make you thrive during rapid growth.
We will wrap up the session with Q&A. Please type your questions into the console anytime during the presentation
So let’s dive right in and discuss what is “Hockey Stick Growth”.
Q&A SCRIPT:Thank you David, that was impressive!
Before we go to your questions, just a quick reminder this webinar will be posted on our website at www.rootstock.com. And of course after the webinar if you have any further inquiries, please email us at marketing@rootstock.com.
We’ll now answer questions submitted during today’s presentation as well as take any new questions – And just a reminder, you can still submit questions through the Questions pane in your attendee control panel.
Our first question today is…..
Before we end today’s webinar, I’d like to present a brief look ahead at the upcoming topics in our new “Discover Rootstock ERP webinar series.
Our next Discover Rootstock ERP webinar is scheduled for October 17, 2017 and will cover the topic: How to Overcome the Challenges of Manufacturing Customized Products
I encourage you to follow Rootstock Software on LinkedIn, Twitter, Facebook, Google Plus and more for the latest and most important information about Cloud ERP. Follow Rootstock Software on social media!
Thank you for joining us today. We look forward to seeing you at our next webinar on October 17.
Today’s webinar is now over.