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Company Resources

The resources of a company constitute, almost entirely, a company, regardless of whether it is already established or just beginning to emerge in the business world, because the combination of them with each other ensures the permanence and prosperity of is.

The organization, planning and optimization of the resources of a company are part of the strategies that focus on the positive development of any company. They are techniques that seek to make the most of the assets to achieve the fulfillment of the objectives.

Types of resources of a company

Technology, machinery, people, money, are some of the resources of a company that provide the means required to perform each of the activities that keep the productivity of the organization active. These can attract new ones to coordinate the benefits of end users. 

The resources come from abroad and are introduced in the execution of the internal work, in which they ensure an optimal overall operation of the company. Below we present the different types that exist.

  • Tangible resources

    Material part of a company, are the measurable and quantifiable resources with which you can have a physical contact. They are divided into:

    • They put the other resources into operation

    Your workflow is required through the acquisition or payment: Transaction of fixed and variable assets, compensation of staff, payment of credits, incorporation of new technologies and improvement of the business environment.

    • They come from different sources

    The financial resources needed to start or expand production may come from the personal assets of the partners, from the state subsidy, from the sale of products or services, from loans or contributions, among others.

    • They demand precise management

    In order to reflect an optimal performance of the company, precise management of capital resources is required, which are assigned to the productive activity; the payment of salaries, services, taxes.

Impeccable management guarantees the expected profit

  • Material resources

    These types of resources of a company are made up of transformation goods: machines, tools, buildings, vehicles, infrastructure. In the same way are the use goods: raw materials, stock of the warehouse.

    The main characteristics of these resources are:

    • Participate in the creation of other resources

    They intervene directly or indirectly in the process of creating more resources.

    • They support the productive course

    They help improve the production process by optimizing the activities and the material involved. Its application is an essential part of the final product.

  • Human Resources

    Within any organization, a resource of great importance is the human, since the collaborators are those who, through their skills, experiences, individual relationships and knowledge transform, use, design and perfect the other resources of a company.

    The relationship that is created between the employees is a significant factor that contributes to the success of a company, everyone has a contribution at every stage of development. That is, they actively participate in obtaining a product or service.

    The main characteristics of human resources are:

    • Coordinate operations
    • They are not owned by the company
    • The more knowledge, the greater retribution
    • They offer their skills in exchange for financial compensation

  • Recursos intangibles

    On the other hand, intangible resources have no physical support and are not quantifiable. However, its role within a company has great value because it relates to its success.

    Among these resources of a company are philosophy, values, culture, relationships within the organization itself, among others. Among the most prominent are:

    Reputation

    This resource is based on the relationship between the company and the consumer.

Trust is an eminent factor that determines whether the consumer is willing to pay an extra with the intention of obtaining a quality product or service

  • Technology

    Today, this is an essential resource in the activities of a company. Systems and processes that optimize the other resources to enhance the performance of each area are involved here.

    Management systems, own technology development, etc., are configured under techniques, procedures and methods that can be applied in any company regardless of their turn. 

    Production is related to the knowledge and skills of the staff, the capital available and the machinery and particular materials. It is possible to carry out the activities with the above elements, but despite this, the company can manifest different disadvantages if it does not have technological resources.

    With this resource it is possible to integrate and coordinate all resources to achieve business objectives. Among the most prominent functions of the systems are:

    • Control
    • Direction
    • Planning
    • Organization

Importance of technological resources in a company

Business software also known as ERP software has become a pillar in any company, so much so that it is now impossible to conceive any that works without this important resource.

To acquire an ERP is to invest in efficiency because with this type of intangible resources it is possible to improve the internal and external performance of a company. This logistics part offers multiple benefits and its value lies in the automation and process unification.

Some of its benefits are:

  • Accessible price

    There are different system options that fit each sector making its use more accessible, since the investment in business software is determined according to the turn and size of the company. Therefore, there are no limitations for this technology, within its objectives is economic saving and increasing productivity

  • Diligent work

    An ERP system is designed to facilitate the performance of the specific tasks of each area of ​​the company. That is why its structural scheme focuses on optimizing performance and solving problems diligently.

  • Reconciliation with any company

    It is thought that an ERP can only be acquired by large companies, but that is a misconception. This type of technology has different modalities and tools that adjust to the size of the organization, guaranteeing maximum productivity and the best use of all resources. 

  • Elementary application

    When talking about an elementary quality, we refer to the ease of use that technological resources of this type have. They are dynamic systems designed to offer a simple installation and operation so that all personnel can access them without any difficulty.

    When it comes to growth, the resources of a company fulfill a representative function within the area that corresponds to them and is reflected in the satisfaction of the customers who acquire their product or service, contributing directly to the prosperous return of investment.

Visual ERP is the best option. It is the perfect system for those companies that seek to integrate and optimize all internal activities and improve their quality, profitability and competitiveness.

With Visual ERP it is possible to implement and enjoy multiple benefits in a short time.

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