What are the best ways to select ERP solutions?
Researching for the best ERP solution for any organization can be a daunting task as there are many Enterprise Resource Planning solutions available in the marketplace. As well as deploying this system may be expensive proposition, just not in terms of spending huge amount and maintenance, but in terms of resource and time. Even though there is lot of information available on internet, but little advice helps to develop a good system with simple strategy.
Then what are the best ways to select the ERP solution for any organization? Here are few ways to select ERP solutions.
Best Ways To Select ERP Solutions –
- Conduct Review And Analysis Process
ERP solution is the first step to initiate any business, thus you should collect all necessary details like business process, strengths and pain points. This analysis should also include about the future plans and the corresponding business requirements. Then these reviews and analysis are eventually be issued or the potential vendors to demonstrate their products capabilities within the business requirements.
- Define The Problem
Next, you have to define your business problem precisely. In most of the companies they try to solve problem with the ERP solution, but this is the major mistake everyone will do. So, you need to develop the list that explains what your company needs to achieve, not features of the ERP solution.
- Focus Your Current And Future Vision
You should not limit your criteria only for the current requirements of your business. Say now you are manufacturing all your business products from third party vendors, but in future you want to start your own manufacturing unit with necessary requirements. Then your Enterprise Resource Planning solution should operate with multi-currency, multi-entry and it should accommodate all necessary expansion. So, plan for the future today itself only!!
- Demand For Innovation And Good Design
Many ERP solutions claim to focus on innovation and creative design. Make sure this is true from your vendor since you are buying this system for current and future requirements. It should be build with the latest technology and adoptable for the changing technologies. So, Enterprise Resource Planning solution vendor should focus on designing and innovative ideas for developing the best ERP solution for any organization.
- Evaluate the Technical Aspects
ERP solution should be initiative for business rather than technology initiative. But it is important to know how this potential solution will align with your business environment. For example, if you’re running Software Company, you want better technical fit for your ERP solution, like it should be built with .Net platform. So it is important to evaluate technical aspects before buying it.
- Understand The Cost Of Ownership
While purchasing this product it’s better to know the structure of payment and risks associated with it. However, it’s best to accept the potential costs early in the process rather than committing for a particular solution. And be aware of hidden costs because some vendors may charge extra for implementation, hardware upgrades, software maintenance… Etc.
- Track The Potential Benefits Of The ERP Solution
If you don’t measure it, then you are the looser. The main reason for implementing the Enterprise Resource Planning solution for any business is to reduce the costs and increase the revenue or scale for growth. Also you should estimate and keep of track benefits against these metrics if you are evaluating the full potential of ERP.
- Look For Independent Advice
Ask advice from your colleagues, employees and friends and know what they use or recommend for companies like yours. Do proper research on the internet or communicate with the Enterprise Resource Planning specialists. If necessary hire an ERP consultant, but don’t think yourself and answer for all your queries. And also validate what you are hearing from the ERP sales reps, by finding an independent advice from other source.