Calculating ROI for Your ERP Project
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For any manufacturing company, implementing a new ERP system is a major project. Calculating ROI for an ERP project is critical for understanding the true costs. But determining return on investment (ROI) is impacted by many operational areas.
Diving into the process of calculating ROI for ERP can be daunting, but provides a baseline for evaluating the benefits of embarking on your digital transformation journey. From business process improvements and labor cost savings, to warehouse efficiencies or increased customer satisfaction, the right ERP can help you face industry challenges and make a impact on your bottom line. Calculating these potential savings upfront allows you set KPIs you’ll use to evaluate return, and ensure you’re making consistent progress toward your goals.
Download this eBook for ways to calculate return on your ERP investment including:
- Operational areas manufacturers should focus on when calculating anticipated returns
- Factors that impact the total cost of ownership (TCO)
- Ways to set the stage for greater ROI
- Where the greatest benefits for ROI come from
- Tying costs to value gained from process improvements
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