Enterprise Resource Planning

The ERP Buyer’s Profile for Growing Companies

We recently conducted interviews with 225 companies who were all looking for enterprise resource planning (ERP). The goal of this survey was simple – listen and learn from what these companies had to say about their individual decision-making strategies. We all agree that this is not a simple task. But we also agree that selecting the best ERP software is a critical factor for business success. Our intent is to analyze all these responses and present the most salient observations in a report that will help assist companies along this selection path to a successful conclusion.

Gabriel GheorghiuThe ERP Buyer’s Profile for Growing Companies
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Cutting Edge Distribution Strategies

Every business needs sound distribution strategies to ensure that their products are getting into the right hands. With the advent of the Internet, mobile phones, and social media, there are more ways than ever to get in touch with your potential customers. We’ll go over some common types of distribution strategies as well as some you may not have heard of yet.

SelectHubCutting Edge Distribution Strategies
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Pitfalls of ERP Integration

Enterprise Resource Planning systems, or ERP, streamline business processes by integrating the routine management of multiple departments into one software system. Large companies that need to manage their finances, supply chain management, customer service, and human resources often want to do so in a single centralized, integrated solution. Therefore, these companies turn to ERP integration.

SelectHubPitfalls of ERP Integration
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4 Key Changes in Manufacturing Technology

Technology supports and drives innovation. Recent changes in engineering and manufacturing technology have the potential to help manufacturers create better quality goods in less time. Expenses for manufacturers can be reduced by implementing this new technology while also becoming more competitive thanks to greater efficiency. Here are 4 key changes in manufacturing technology that have the potential to be game changers for manufacturing operations:

SelectHub4 Key Changes in Manufacturing Technology
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Process Manufacturing vs Discrete Manufacturing ERP

Those involved in the manufacturing industry know that one manufacturing process is not necessarily like another — and in this high-tech business world, manufacturing operations can vary a great deal. So do the systems that support them. The software architectures that manufacturing companies use to produce products and materials should be designed to support their specific operations.

SelectHubProcess Manufacturing vs Discrete Manufacturing ERP
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Import and Export Compliance with Distribution ERP

For any company that distributes goods internationally, import/export compliance is a top concern. Import/export laws, standards and guidelines in various countries around the world add to complexity for these types of business processes. Customs work, accommodation of international taxes and tariffs, and significant documentation requirements often make importing and exporting rather labor-intensive.

SelectHubImport and Export Compliance with Distribution ERP
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What is Project-Based ERP?

Project-based enterprise resource planning, also called project-based ERP, is a new approach to enterprise software that’s helping companies change the ways in which they utilize IT. Building on traditional ERP concepts, project-based ERP expands the conceptual capability of ERP tools beyond simple production, into systems that help business leaders plan and complete enterprise projects.

SelectHubWhat is Project-Based ERP?
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How ERP Evolved to SaaS

The evolution of today’s technology happens at a lightning-quick pace, and ERP systems are no exception.  What was once an exclusively on-premise solution quickly became a cloud-based subscription service.  This evolution from on-premise business software to SaaS product was initially met with some skepticism, but quickly won them over with its enhanced features and greater flexibility.

Let’s step into the Wayback Machine and take a look at how ERP systems evolved into SaaS products.

SelectHubHow ERP Evolved to SaaS
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What are the Best ERP Software Integrations?

The oft-repeated phrase “United we stand, divided we fall” is applicable to more than just war movies and superhero TV shows.  It’s also a great summation of why ERP software integration is key to running a successful business.  As Information Builders puts it: “In every ERP implementation, there comes a time where these wide-reaching, all encompassing systems need to communicate with other 3rd party solutions and legacy applications.”  At a certain point, the more you keep your different types of software apart, the more likely it is that data will be inconsistent and your processes will become inefficient.  This can lead to confusion between departments and an ineffective workflow (the bane of any business’ existence).

What exactly is ERP software integration?  In Layman’s terms, it’s the process of bringing together an ERP system with another type of software to maintain consistent information and automate certain processes.  What makes ERP software integration so key is that it provides a single location to find information on everything from ecommerce to HR documents to sales leads, so everyone in an organization stays on the same page.

SelectHubWhat are the Best ERP Software Integrations?
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It’s Time to Adopt a Hybrid ERP System

I’ve got one seemingly-simple question for you: how well does your ERP system work?  Think about this question carefully — how well does your ERP system actually automate the processes you need it to, and how much manual work needs to be put in for that automation to occur?  If the answer involves more manual work than should be necessary, then your business is suffering the same fate as many other businesses at the moment.

The exclusive use of an on-premise ERP is simply becoming outdated as various needs change for both businesses and their customers.  That being said, completely abandoning your on-premise ERP in favor of a newer cloud-based solution can involve much more effort and money than it’s worth.  The new norm involves adopting a “Hybrid ERP” system.

SelectHubIt’s Time to Adopt a Hybrid ERP System
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7 Critical Functions of ERP Financial Management Software Modules

Financial management software does a lot for businesses. Many of these platforms function as an overall, comprehensive set of resources for figuring out enterprise finances on both a short-term and long-term basis. But there are also specific key things that businesses want out of these software tools.

SelectHub7 Critical Functions of ERP Financial Management Software Modules
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Pros and Cons of Open Source ERP Software

With ERP software, as with any kind of software product, there are big questions about how to source software platforms, and how to compare vendor options and other choices.

One evident competition is between specifically licensed ERP products and the collection of options known as ‘open source’ ERP software — ERP platforms that are not built for profit by a particular firm, but maintained with open source licensing, often by communities of users.

SelectHubPros and Cons of Open Source ERP Software
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Key Service ERP Industries

Just like many types of production businesses, service businesses can also use Enterprise Resource Planning or ERP software to help manage business processes and provide their services to customers. However, ERP works in a fundamentally different way for service companies — because there’s no product distribution, and a focus on assistance with some need rather than the shipping of products, services ERP has a different focus, and a different set of goals. In addition, the design of ERP for each segment will also differ significantly.

SelectHubKey Service ERP Industries
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Unique Industries Served by Manufacturing ERP Solutions

Enterprise Resource Planning software can provide specific applications for many different types of manufacturing businesses. Manufacturing is not a monolithic field — it consists of a whole multitude of different types of production businesses that all function in their own separate ways. Here are some of the specific categories of manufacturing that benefit from the use of ERP tools and resources.

SelectHubUnique Industries Served by Manufacturing ERP Solutions
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How to Compare Manufacturing ERP Software

The worldwide market for manufacturing Enterprise Resource Planning (ERP) software is valued at $7.3B in 2016, growing to $7.9B in 2018, attaining a compound annual growth rate of 2.5%. Cloud-based ERP systems are the fastest growing segment, projected to reach a 5.5% growth rate per year through 2018 according to International Data Corporation.

Louis ColumbusHow to Compare Manufacturing ERP Software
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Key Differences Between Supply Chain Management and Enterprise Resource Planning

When it comes time to choose or update pieces of a functional enterprise software architecture, procurement people and others responsible for evaluating this technology may be confused about what they specifically need.

One such question is on supply chain management software tools versus enterprise resource planning or ERP software products. What is the difference between supply chain management and ERP?

SelectHubKey Differences Between Supply Chain Management and Enterprise Resource Planning
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