When deciding on an ERP system, the key to success is the people who implement it. For example, a survey by Deloitte & Touche asked businesses to list the top ten criteria for selecting an ERP system. These responses were then ranked according to importance. By identifying these criteria, an organization can determine whether an ERP system will meet the needs of its business. Listed below are the tips to help an organization make the right decision when choosing an ERP system.
Once the organization has determined the needs and business goals, it should evaluate the vendors. It is equally as important to determine the criteria for selecting an ERP vendor as it is the ERP system. For example, if the company focuses on manufacturing, it may need a software solution that enables it to process orders more efficiently. When evaluating ERP vendors, determine the requirements of each individual employee. Then compare the criteria of each vendor against those criteria.
How can an organization choose an ERP system?
The selection process should be facilitated by a selection team. This group should be comprised of management representatives, functional business leads, and subject matter experts (SMEs). The team should include members from every business unit and location, including management. SMEs should have a good understanding of downstream processes and how departments may impact them. They should also have a commitment to the project and be willing to take the time to participate in the selection process. Once the team has been created, it should begin the selection process. There are few essential steps the selection team must follow.
A business’s first step is to select an ERP. If implemented correctly, it can be a huge investment and bring significant ROI. ERP implementation is a crucial step. While a poor selection can lead to significant time and resource wastage, a good selection will deliver substantial business benefits. Poor ERP selection can often be blamed for ERP projects that don’t meet business expectations. Take your time when making the decision and make sure you follow the steps. It can make a big difference in generating more ROI by spending some time researching and clearly stating your goals and expectations. You can avoid a messy or unsuccessful implementation by putting in the effort and time.