The primary function of an ERP solution is to help your organization efficiently and effectively execute core business processes. And when you concentrate on streamlining and integrating your processes, you virtually ensure that you will realize improved productivity, accelerated workflows and lower operational costs – benefits that drive higher business performance.
A modern ERP solution can enable extraordinary new efficiencies, provide valuable new capabilities, deliver critical insight and, ultimately, supercharge your organization. But it is one of the most complex, time-consuming and high-risk projects your organization will ever undertake. And it’s easy to make mistakes – like these 15 – that will result in failure.
The end of the year is the perfect time to look back and see what was successful (and what was not). And at Ultra Consultants, we like to use this opportunity to evaluate our interaction with customers, potential customers and the manufacturing and distribution industries via our ERP-focused blog. Here, based on the number of page visits are our 10 most-read blogs for 2021. Check out these informative articles featuring the knowledge and insight of our expert consultants.
What strategies can be used to accelerate the ERP software selection timeline? Skipping the long list of vendors and going straight to the short list. Leveraging standard requirements lists. Using cross-functional teams to simplify requirements gathering. But will these shortcuts make it more difficult to choose right solution for your organization and processes? And will they potentially be a big mistake in the long term?
Are you confident that your team can select the enterprise solution that is best-suited to your organization and industry? Is your company able to objectively evaluate the software options? Is your organization prepared to navigate the complex (and competitive) vendor landscape? Ensure that you consider all the key factors – and make the right choice – with this checklist and these important questions.
For distributors, metrics can point the way to profits. Up-to-the-minute, detailed and accurate key performance indicators (KPIs) – driven by data provided by your ERP solution – can tell you which processes are working well, which are broken, which can be improved and which offer the greatest opportunity to improve your bottom line.
It’s common to believe that implementing a new solution will fix supply chain issues. But new software alone isn’t the answer – especially now. While few businesses came through the pandemic unscathed, some fared better. We can learn from their success and use that knowledge to create supply chains that stand up to the harshest economic conditions.
The procure-to-pay (P2P) process offers exceptional opportunities for optimization and integration. Many forward-looking organizations are eager to achieve new efficiencies, and are looking closely at P2P software solutions to centralize and automate the purchasing and inventory processes. But success requires some up-front work. Is your organization ready?
For manufacturers, the COVID-19 pandemic brought unprecedented supply and demand chain upheaval. How successful were “textbook” best practices in mitigating and managing the new normal? Did they provide the required resilience? And now, with the worst of the pandemic behind us, what practices should be put in place to provide the flexibility needed to accommodate shifting manufacturing strategies?