The market for enterprise resource planning software is currently in a state of flux, with a broader mix of different systems available now than any time in the past. Between companies developing cloud-based, software as a service platforms and the growth of modular ERP, the older, all-in-one solutions are facing more competition. While innovation in the marketplace is almost always beneficial to the users of such devices, the increased options available for businesses can lead to indecision and confusion. This is especially true when companies are deciding to switch from a long-standing system to a new one and aren't particularly up to speed with ERP developments.
The growing cost of ERP systems, driven in part by the development of new, first-generation systems and many other factors, was recently highlighted by CFO.com. Because about half of all ERP implementations go over-budget, it's becoming more common for companies to incorporate more of a presence from their chief financial officers into the selection process. Between having to bring in people from different departments and having to choose from more ERP options, the current marketplace may seem cluttered or hard to fully understand.
A solution for manufacturing and warehousing businesses
It's not a stretch to say the best solution to a problem is the one that can meet the most needs and desires without requiring an undue dedication of resources, whether time or money. Manufacturing and warehousing organizations can find a great solution to the varied needs of their operations by using a modular ERP system such as Microsoft Dynamics NAV. The component-based nature of these ERP platforms allow for the selection of individual pieces that offer increased visibility, tracking and other functions that enhance performance. Some advantages, such as mobile WMS to better control warehouse operations, take advantage of some aspects of cloud computing, but don't require a wholesale switch to the cloud.
Panorama Consulting pointed to a return on investment analysis as one of the most important things a company can do to make sure a new ERP program will be a success. The customizable nature of modular ERP doesn't guarantee a better ROI automatically, but it provides a far greater array of options that can be selected and combined to create an effective system. By working with a top-quality vendor and choosing the right pieces, businesses can get a lot out of their ERP.
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.