The Importance of Data Security and Privacy in Footwear ERP
Today, the most valuable asset is no longer oil but data. Yes, you've read that right. In today's technology-driven world, the amount of data generated every day is massive. According to research conducted by explodingtopics.com, the data we generate daily is estimated to be around 402.74 million terabytes.
From weather forecasting to getting recommendations for your favorite shows on streaming platforms, modern businesses are harnessing the power of big data to structure and filter relevant pieces of information, helping them to make informed decisions.
Marketing and brand data play a pivotal role in helping big and small businesses gain a competitive edge and stand out from the competition. The sheer potential has skyrocketed data into one of the most valuable assets in the world, joining the ranks of gold and oil.
But it’s crucial to understand that our data is always at the stake of getting stolen, damaged or manipulated. This data disaster is no less than a nightmare for businesses working round the clock to improve their brand presence and customer relationships.
To avoid such instances, the footwear industry is implementing a robust footwear ERP system that provides military grade data security at all levels. Modern footwear ERP systems come with fully-integrated data encryption modules that ensure the access of unauthorized users and alien threats.
Let’s learn about footwear ERP systems and how they have proven effective in establishing data security for footwear manufacturers while streamlining the workforce.
What Is A Footwear ERP System?
Did you know what drives footwear business industry, what's that chemical X that fuels business operations for a long-term success? The secret lies in the footwear ERP system, a well-designed comprehensive suite that comes with fully integrated advanced modules to automate complex operations of an organization. Modern footwear ERP systems are AI-powered, seamlessly integrating with other departments and functions, such as inventory, finance, human resources, and production- From one platform.
Elements of Footwear ERP System
Today, modern ERP systems are not just limited to data recording and managing interfaces; now, they have evolved into comprehensive workstations that allow businesses to not only record but also manage their core business operations at all levels. Here's a breakdown of core footwear ERP modules that you should know, which include:
Seamless Inventory Tracking
A footwear ERP system's inventory management module helps organizations manage their inventory levels and operations, such as orders, sales, delivery, raw materials, color, size, and matrix. This module facilitates simple stock adjustments and tracks inventory across warehouses and retail locations.
Product Lifecycle Management
The lifecycle of a shoe encompasses several stages, starting from design, production to post-purchase maintenance and marketing. Having an ERP system allows organizations to utilize advanced PLM features, like- sample tracking, design management, cost estimation, and quality control.
Supply Chain Management
Supply chain management is the core aspect of a footwear ERP system that manages core supply management features, such as order management, demand forecasting, supplier management, and logistics management. A Footwear ERP software spots bottlenecks and provides relevant insights based on correct information.
Business Intelligence (BI) technology
Business intelligence (BI) offers organizations relevant information, and necessary data helping them make better decisions. The ERP system provides a comprehensive suite incorporating dashboards, reports, data visualization, and predictive analytics.
Sales and Distribution
Distribution and sales modules manage vital areas, such as orders and generating invoices and returns. It allows organizations to handle sales and discount processes, loyalty schemes, channel marketing, and more.
For example, the Finance ERP software sales module facilitates the creation of quotations, sales orders, and invoices while recording all interactions with cash and credit-paying customers.
CRM
Customer relationship management is how an organization interacts with its potential and present customers. This CRM feature allows you to track marketing results, campaign management, and customer support.
Here's How A Footwear ERP System Ensures Data Security?
A footwear ERP system is designed to address the unique needs of the footwear businesses, from managing inventory to order processing, CRM, and HRMS. It's a perfect system that allows companies to manage their work operations without compromising on data security.
If you're having hiccups about the data security and privacy of footwear ERP system, then here's how it will keep your customers' valuable information safe-
Solid Data Encryption
A footwear ERP store, manage and utilize customers' sensitive data like- payment history, shopping preferences, and their add to cart products. This information is kept completely encrypted both during transmission and at rest. The data encryption module of footwear ERP ensures that data is unreadable to unauthorized access.
Role-Based Access Control
Footwear ERP systems are integrated with Role-Based Access Control (RBAC) features that allow only authorized members of teams to access a particular data and barricade the access of any unauthorized third parties by making the data unreadable.
The Role Based Access Control features allow only limited access to authorized users, not beyond the department. For example, sales staff can access order details while other details remain restricted.
Two-Factor Authentication
With two-factor authentication, the ERP manufacturing software will get one extra door of security that will ask users to verify their official identity with appropriate keys. Two-factor authentication typically involves a confidential password key followed by one-time code verification sent to a user's device.