Enterprise Resource Planning

In order to narrow down the choices for an ERP software solution for your manufacturing company, it’s beneficial to utilize planning and forethought to reduce vendor confusion among your various ERP options. Due to the amount of time and effort companies spend on ERP discovery and product demonstration, effective preparation is recommended to provide maximum value and reduce the blurring of vendors during your search. Carefully planning your ERP demo assures that your company’s needs are met, your questions are answered and all requested information is available to facilitate a well-educated ERP selection.

Deciding which technologies your businesses should and shouldn’t invest in is difficult, to say the least. On the one hand, you want to be the one responsible for innovation and growth within your company. But you also don’t want to be the one to pull the trigger on a failed project. So, is an ERP software investment worth the risk? To find out, you need to weigh the benefits of ERP, specifically how ERP system advantages and disadvantages breakdown when compared against each other.

An ERP software system is often one of the biggest investments a company will have to make. Not only is it a major financial decision, but an effective solution can impact all parts of your business, like human resources, accounting, manufacturing, marketing and more. As such a critical component of business, buyers should research not only what’s currently available, but also what ERP software trends are coming down the pipeline.

To help our readers out (and sate our own curiosity), we spoke with several leaders about what ERP trends we might see in 2019 and the years to come. Between a movement to the cloud, disruption cycles, competition from Amazon and more, it looks like 2019 is shaping up to be an exciting year for ERP.

Experts in software are continually asked, “Is ERP dead?” But frankly, this question isn’t very useful. As the disruption cycle shortens, ERP software vendors are continually adding the features and functionality their customers need to succeed. While one ERP may be ineffective for your company, there’s likely another that could be very beneficial. For instance, many businesses that don’t find traditional ERP useful are looking towards project based ERP.

With the global ERP software market expected to be worth $41.69 billion by the year 2020, the impact of these systems is evident. While that number is impressive, those who’ve never used the software may find it difficult to understand why ERP is important to their business. But as globalization squeezes the market for many industries, it’s essential to seek out any and all tools to give your business a competitive edge. For many companies, this is achieved through the use of ERP software.

According to a 2018 BPTrends Report, 93 percent of companies are involved in multiple efforts to improve their processes. However, only 50 percent of those using a BPM software reported satisfaction with the tool. It’s possible that the other half of BPM users would be more satisfied with a different way of managing their processes, like with an ERP software. But first we need to understand the full breakdown of BPM vs ERP software.

In 2019 and beyond, the factors that drive organizations to compare cloud ERP (enterprise resource planning) systems often begin with a few strong focuses. In particular, product quality, production and process monitoring, an increased use of analytics and business intelligence (BI) applications and the need for greater mobility are becoming necessities for companies adopting new ERP software.

A good enterprise resource planning (ERP) system should have an impact on every single part of your business. These highly sought after enterprise applications help manage activities including planning, research and development, purchasing, supply chain management, sales, and marketing. There are countless ERP software solutions available, so it’s crucial that you make the right ERP choice that fits your organization. But do you know what the ERP selection process looks like?

Don’t worry if you’re not familiar! That’s the very reason we built this ultra-comprehensive, step-by-step guide on how to choose an ERP system. Packed with tips and recommendations, you can use this article as part of your ERP software evaluation checklist.

Enterprise resource planning (ERP) ranks high among the most comprehensive, powerful data management solutions available. For many businesses, ERP is an ideal solution for data analysis, automation and full-scale infrastructure integration. Yet, with many systems available, each seemingly tailored to different industries, selecting the right ERP software solution can seem overwhelming. But don’t get lost in the sea of bells and whistle, there are a few core capabilities every ERP should offer.

There’s definitely a lot of buzz surrounding ERP software these days. You might’ve heard it’s a necessary tool to stay competitive in today’s market. Or, you’ve heard how efficient it can make your business operations. But first, let’s start with something simpler. Enterprise resource planning (ERP) software is a business solution that integrates all your applications and manages your resources. So what can an ERP do specifically? To answer that question, we need to understand the basic ERP functions.