Businesses that want a better grasp of the various flows of operational data that course throughout a company often turn to enterprise resource planning software to gain more visibility and improve transparency.
ERP allows organizations to have a clearer picture of a variety of functions, from factory output and resource procurement to employee management and financial bookkeeping concerns. This greater understanding creates opportunities to save money on a range of processes as well as spend less time on them, boosting employee efficiency and improving revenue. For businesses in the manufacturing and fabrication fields, having a platform that handles specific production and inventory concepts like barcode data collection as well as more general concerns like timekeeping software can greatly enhance efficiency.
In fact, ERP is so valuable to businesses that even when implementation projects are faced with prices exceeding established budgets and timeline delays, many businesses still report that the overall process and subsequent use is still a success. ZDNet points out that, based on a survey from industry researchers Panorama Consulting, the average business setting up a new ERP system faced both cost overruns and time delays that significantly impacted when the software was first used.
Have a targeted plan in place to save time and money
A common reason that businesses run into implementation roadblocks is a lack of planning before installation starts. This includes both not knowing exactly what all parts of a company need to get out of their ERP platform as well as not putting enough time into selecting the correct vendor. Because the needs of manufacturers and fabricators are spread across a wide range of operational processes, early planning is especially important in those fields. Manufacturing Business Technology points out that it's common for companies to overspend implementations and maintenance budgets by $3 million.
One way to save money and time during setup is to use a modular ERP system like Microsoft Dynamics NAV. Companies can select a wide variety of individual components that are targeted to boost effectiveness in their businesses, without having to spend money on features that will see little or no use. The flexibility of this program extends into the post-implementation period as well, as organizations may change or grow and require new and different systems to help them along. Dynamics NAV allows for the easy addition of modules even after the initial setup period has been completed, leading to greater system agility and fewer delays.