ERP brings with it many benefits and promises; it can automate your business processes, help you make decisions faster, help you gain more control of your business, and much more. No matter what you’re looking for in your system though, there are a few areas where you must pay close attention. Below are 4 factors that will make or break your manufacturing ERP selection.
1- The product: ERP is not what it once was; the systems of today have been crafted to support specific industries and niches with them. Take advantage of that and make sure the ERP solution you choose is tailored to meet your organizations specific needs with the powerful functionality you need right out-of-the-box that also easily adapts to your specific processes. No system will take care of absolutely everything you need it to, but you’ll want to find one that takes care of your most important requirements with as little customization as possible.
2-The Vendor: Working with an ERP vendor is a long-term relationship, so vet your vendor thoroughly! Find a vendor who is experienced and knowledgeable about your industry so they can fully understand your business and how ERP will play into it. ERP vendor selection is just as important as choosing the right system; be sure to ask the vendor for references similar to your business and follow through with them. Throughout the process, ask yourself, “Can I see myself working well with this group of people into the future?”
3- The Implementation: Statistics show that more than 60% of ERP implementations fail to meet expectations. This can happen for many reasons such as inappropriate expectations of the system and the vendor, extending the implementation schedule far beyond planned, going over budget, slowing or stopping production, etc. ERP implementation does not have to be a nightmare, but it can be if you make mistakes or skip some of the vital steps. There is a lot to know about ERP implementation best practices, too much for this blog, but this white paper can help you avoid making those mistakes and ensure you’re strengthening your operations with your ERP project, not hurting them.
4- The Technology Platform: With how quickly the business world can change who knows what your company will look like 3-5 years from now. Those future unknowns are why it’s important to choose an ERP solution that is built on a technology platform that can not only support your existing business as it is today, but also helps you manage growth and change for whatever comes tomorrow.
With a modern ERP solution you can grow at your own pace, easily adapt to changes in your environment, and improve collaboration across your business. Companies are seeing significant benefits of modern manufacturing ERP systems such as:
- Reduced operational costs by 23% (click to tweet)
- Reduced administration costs by 22% (click to tweet)
- Increased on-time deliveries by 24% (click to tweet)
- Support change and grow operating margins by 21% (tweet this stat!) (Aberdeen Group)