5 Ingredients for ERP Success

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A new ERP system can make a company somersault with fiasco or victory—all depending on the preparation for its implementation. The ERP is the information backbone of your business and you should approach it with clear objectives. If you want to land triumphantly on your feet, consider these 5 things:

1. Roadmap: Look ahead—where do you want your company to be 5 years from now? What do you hope to achieve for each department? Create a roadmap for each area and your business as a whole.


2. Implementation Team: Create a team of the best representatives from each department of your company. This team will report to a team of “VITO” (very important top officers) who will make sure that all business objectives are being met.

3. Business Process Analysis: Document all functional areas that will be included in the ERP system—Finance, Sales/Marketing, Materials, Operations, Customer Relations, HR—and their present operational processes.

4. Select the Right Vendor: Trying to pick the right ERP system can be overwhelming. Your vendor should be the starting point in helping you identify the right module to align your business.

Trust-Factor: No matter how high-tech your provider is, you will not succeed without having solid communication and collaboration. Approach your provider as your business partner. You want to work with someone of integrity who is committed to helping you succeed.
Knowledge & Experience: How experienced is your vendor in effectively implementing new ERP systems? Time is money. Find a vendor that will minimize costs and disruptions of conversion, and maximize your knowledge of the new system.
Collaboration: A reliable vendor should define your current needs and expectations, develop a profile of the planned project, and make certain that your business and IT departments are aligned.

5. Select the Software: With your vendor, select an ERP that best mirrors your organization’s business processes. You want an ERP system that can grow with your company and business plans.

Solutions: Streamline and automate business operations and processes—

1. Integrate financial information
2. Facilitate customer order information
3. Speed up manufacturing processes
4. Reduce inventory
5. Standardize HR information

Customized Fit: An ERP system should fit your company’s specific needs to help you grow into the future. In addition, your ERP should provide customizing and advanced tools that improve collaboration and communication within your organization.

Result: Profitable ERP Investment

With the right vendor and system, an ERP investment should yield the following advantages—

Improved customer service
Reduced operating expenses
Increased accuracy of costing
Increased market shares
Reduced inventories
Shortened product lifecycles
Streamlined communication
Faster decision making
Increased competitive advantage

You want an ERP system that supports business growth, new operating methods, market expansion, and future strategies. Do your research and select a solution that is worth your investment before taking the ERP-leap.