Why ERP Selection is a Strategic Priority?
In today’s Amazonian environment, customers expect rapid delivery, over and beyond from cradle to grave, collaborative service, 24/7 accessibility and last-minute changes. Executives are realizing they must upgrade their technology infrastructure to meet and exceed these customer expectations while driving bottom line improvement.
Your ERP decision will be one of the most significant investments your company will undertake, and these projects are wrought with risk. 80% fail to achieve the expected results yet waiting “too long” can put you out of business.
How do you benefit from ERP Selection & Upgrade?
Manufacturing
Manufacturing leaders will gain visibility into work center, staffing, and the master production schedule so that they can optimize production runs and minimize changeovers and costs. They will also gain insights, improve efficiencies, automate steps, improve quality control processes, and reduce inventory and costs.
Engineering
Engineering leaders will gain visibility into workload requirements to support drawings, customer approvals, and bill of material designs. ERP and related systems such as configure-to-order (CTO) quoting systems, PLM, and 3D drawings will speed up progress, save on engineering time, and improve communications.
Purchasing
Purchasing leaders will gain visibility into material requirements plans (MRP) and outside processing requirements so that they can work with suppliers proactively to meet customer requirements while minimizing cost. They will also gain purchase insights, improve efficiencies and streamline workflows.
Logistics
Logistics leaders will gain visibility into storage, warehousing, handling, picking, packing, shipping, transportation, returns, and equipment requirements so that they can plan accordingly. With WMS, TMS, inventory optimization, ASRS, AR, VR, and digital twins, they will gain efficiencies, improve quality & increase safety.
Finance
Finance leaders will gain visibility into sales forecasts, staffing plans, and inventory projections. Thus, they will have revenue, cost, profitability, and cash flow projections, and they will gain insights into customer and product profitability, improved processing efficiencies and business analysis and scorecard capabilities.
Sales & Marketing
Sales and Marketing leaders will gain visibility into their sales forecasts, quotes, and order backlog. They will also gain high levels of service for their customers with on-time-in-full (OTIF) levels, shorter lead-times, and high ratings on customer scorecards. They also will gain greater responsiveness and customer value.
Planning
Planning leaders will gain visibility into the demand plan, sales orders, quotes, replenishment orders, and work order status so that they can develop the best master production schedule (MPS) to optimize customer service, operational efficiency and working capital. They will gain high service levels and increased margins.
Blog posts for Better Use of ERP
Modern ERP No Longer Enough Although we have been emphasizing the need for a modern ERP system to meet continually evolving customer expectations, modern ERP alone is no longer enough. To thrive in the next decade will require business AI (artificial intelligence) to be embedded throughout your ERP system, […]
The world has never experienced a labor shortage quite like the one we are experiencing. According to the Bureau of Labor Statistics, employment growth will average .3 over the next decade; however, labor participation will drop from 62.2% to 60.4%.
Only companies that automate, digitize, and utilize modern ERP systems and advanced technologies will survive, let alone thrive during the next decade. There is no doubt that volatility, uncertainty, complexity, and ambiguity (VUCA) have increased in importance since the pandemic, and even though progress has occurred, there is no end in sight.
