Success And ERP System Implementation
Jul 17, 2012
When is it time for ERP system implementation? In an era of acronyms, let's start by breaking down what ERP stands for and move on to what it means for the succesful management of your company. Enterprise Resource Planning was created to assist manufacturing companies as a sophisticated management system capable of streamlining operations. These days ERP can be applied to any company looking to bridge internal and external management information. Streamlining operations with ERP is cost effective, helps keep projects on track, and employees motivated.
B2B CFO® can help a company select an ERP to integrate finance/accounting, human resources, manufacturing, supply chain management, project management, customer relationship management, data services, and access control. But before making the move to take advantage of an ERP vendor, as with any endeavor, success must be defined along the different levels of the project. Is the goal to increase market share? To cut costs by facilitating more efficient time management? Or improve supply chain management?
We can think of ERP as a system that allows for efficient communication. Different departments in a company can share interfaces and be apprised of the progress towards reaching goals set out by management. Using industry best practices, a vendor finds the most efficient way to perform the tasks that are outlined in the measures for success. Subsequently, best practices end up "reducing risk by 71% as compared other software applications."
B2B CFO® has 25 years of experience in all aspects of CFO services. For more information, contact us.
Sources: Michael Burns, "How To Select and Implement an ERP System"
Martin Selcher, "Enhanced Project Success Through SAP Best Practices"