Properly configured enterprise resource planning software provides some serious advantages for businesses. This is especially true for companies that manufacture or store and distribute goods, as the wide array of operational responsibilities can be streamlined and better managed with the right ERP system. A successful platform will place an emphasis on providing the right benefits without requiring too high of an investment or creating overwhelming downtime when an update or overhaul becomes necessary. Here are three pieces advice for businesses to choose the most efficient and useful ERP system possible for their needs and avoid common drawbacks:
- Flexibility is key: The need for an ERP system to adapt to the unique needs of a specific market segment and even of an individual business can't be overlooked. While standard, out-of-the-box ERP can provide some useful services, it's better to select a more adaptable and responsive option. Natural Products Insider highlighted this need in an article targeted toward that industry niche, but it applies to all businesses to some extent. Whether a company needs advanced inventory tracking systems or an in-depth timekeeping option for a large workforce, a flexible system that allows for the addition of individually selected modules is often much more useful.
- Support from the vendor: Having open lines of communication with the company providing the ERP software is important throughout the life of the product. Guidance with training and proper product selection is crucial at the start of the project, while sharing information and deciding on schedules for updating and adding to the existing platform is needed to get the most out of ERP. Without it, ERP can lose much of its value. Working with a vendor of a modular ERP system, such as Microsoft Dynamics NAV, means the provider will be able to offer more industry-specific experience.
- Focused spending: Businesses need to manage their financial strategy when it comes to ERP without spending too much or too little. A modular system allows for flexibility in this regard as well, as companies can choose the most in-depth, high-level components for crucial operational needs, while using simpler and less-expensive pieces for secondary and tertiary concerns. Business 2 Community pointed out the need to find the middle ground in regard to spending: not skimping but also not going overboard.
Learn how to define your ERP strategy by downloading the white paper entitled "ERP in Manufacturing: Defining the ERP Strategy" from the DMS website today.