Relying on an outdated ERP system makes it difficult to manage change, risk and maintain competitiveness in an uncertain and volatile market. Let's discover best practices for your small- to medium-sized manufacturing business to consider as you embark upon an ERP selection project.
Written by the consultants who run these selections, not by a software vendor.
[ From the guide ]
Relying on an outdated ERP system makes it difficult to manage change, risk and maintain competitiveness in an uncertain and volatile market. Let's discover best practices for your small- to medium-sized manufacturing business to consider as you embark upon an ERP selection project.
Don't Be Left Behind
According to researchers at Forrester, nearly half of companies use ERP systems that are two versions behind the current release, which may be four years old or more. And, more than half of manufacturing companies operate with outdated ERP systems.
Today's pace of change places challenges on the manufacturing business process. The volatile manufacturing sector, global competition, customer requirements and expectations all push legacy systems to the limits of their capabilities.
Relying on an ERP system that is outdated, or only upgraded every four or five years at best, makes it difficult for companies to stay competitive. From limited functionality, to siloed data and security concerns, a legacy ERP can stand in the way of continuous improvement initiatives. It also makes it difficult to manage risk and maintain innovation in an uncertain and volatile market. That's why many companies eventually find their way to an ERP selection project.