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Showing posts from November, 2020

How to Think Strategy Before Function When Selecting an ERP

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  With the increasing migration of enterprise resource planning (ERP) systems from costly installs to pay-as-you-go SaaS solutions, more small and mid-sized businesses can now leverage this software to propel them to the next stage of business growth. But SMBs coming to ERP for the first time and those who have outgrown their existing systems too often evaluate potential ERPs with a tactical mindset, focusing solely on functional capabilities without an eye toward longer-term, more strategic goals and the potential for business transformation. That means they’re asking the wrong questions during the selection and RFP process.   Avoiding the functionality checklist RFPs often masquerade as functionality checklists and lack the strategic context needed to shape both the questions and the responses. How does this happen? In one scenario, an executive is hired from a similar company where an ERP has been implemented with impressive results. He will ask his previous ERP vendor for a

Shifting Priorities in ERP Selection

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  If there’s one thing manufacturers want in the near future, it’s stability. However, with COVID-19, a global recession, and political uncertainty, a steady-as-she-goes outlook isn’t in the cards any time soon. Even before COVID-19, manufacturers faced significant challenges, including global competition, fluctuations in the supply chain, shifts in consumption patterns, and a shortage of skilled workers. Today, the pandemic has exacerbated these issues and brought new challenges to the forefront, including the need to safeguard employees against infection through remote work and social distancing. What can be predicted is ongoing, fast-paced change. To cope with this volatility, companies need ERP systems that enable them to swiftly adapt to emerging conditions. This requires an ERP with unrivaled flexibility and highly customizable capabilities. Due to these factors, we’ve seen priorities shift in the ERP selection process with five criteria emerging high on manufacturers’ requiremen

Why Do We Need To Use Industry Specific Customized ERP Software?

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  With the ever-evolving globalization and keeping certain unforeseen circumstances in mind, businesses need a solid plan to make sure that the functioning of their company keeps running smoothly. Every business encounters different challenges and situations that are unique to their own company and hence require personalized solutions for the same. In such a case, a customized ERP software can enable the businesses to cater to every individual and unique need at one single homogenous platform without any hassle.    Enterprise resource planning combines all the sectors like financial accounting, human resources, management, sales, customer services etcetera in one unified platform which makes accessibility to various sectors of the company for staff members stress-free. Above all, if it is a customized ERP software, it makes it even easier for the employees to access any difficulty or query, interlinked or individual, at one single platform instead of hunting through piles of unorg