In today’s business world, companies are driven by the need to make quick, well-informed decisions. All levels of the organization rely on high quality, readily available data. A good ERP system can provide the data needed to make those decisions and optimize operations, sales, and supply chain functions and maximize efficiency, growth, and profitability.
The selection of an ERP system is a substantial and long-term investment. Deciding to implement a new ERP may be based on several factors: the need to improve data access and quality, to drive process improvements, to reduce costs, or to scale with organization changes. As business will rely on their ERP for many years, it is critical to select an ERP that suits the specific needs of the company.
ERP systems are not all the same – they have varying strengths, different module offerings, and different target markets. An ERP selection needs to take several factors into account:
- Industry and market: Does your industry require advanced reporting, such as quality traceability or government requirements?
- Organization objectives: Are you looking for improved production tracking and reporting, or to streamline business processes?
- Scale or scope: Has your business landscape evolved to the point where your current ERP no longer supports your organization? Is your ERP appropriate for your business’ size and scope?
An effective ERP solution does not always encompass all business processes, but it will provide the company the tools to integrate outside systems, such as maintenance, quality, or CRM solutions into the ERP. Not only does this allow the business to merge processes, it also improves data reporting and leverages the advanced capabilities of these disparate systems.
When implemented properly, an ERP system will give you the opportunity to continuously improve your business processes and operations, to streamline decisions and management, and continuously evaluate your organization. ERPs provide process integration across the company — from sales to supply chain, and from operations to accounting — driving automation of reporting and business intelligence. Furthermore, modern ERPs often put the data input into the hands of those closest to it, the shop floor. This drives real-time reporting across the plant or organization.
When thinking about the future of ERP in your organization, it is important to consider whether or not your current solution meets your needs and if you are getting the most out of it. Companies that most effectively leverage their ERP take a continuous improvement approach, regularly evaluating whether they are using the core strengths of the system to their advantage and whether they are using “best practices” of the system. Doing so will maximize your return on the ERP investment, by not only using high quality data to make real time decisions, but also driving your organization’s business processes to maximize efficiency and effectiveness.
Revolution Group helps companies gain insight into their businesses through integrated ERP solutions. If you would like to learn how Revolution Group can help you reach your business goals, give us a call at 614-212-1101 or email us at [email protected]. We would love to change the way you think about ERP.