How to achieve ERP benfits?

How-to-achieve-ERP-benfits? -ExpandERP Blog

How to achieve ERP benfits?

While selecting an ERP system, companies may see about unlimited possibilities in terms of improvements in their businesses. However, somewhere along, many ERP systems do not reach the expectations and the company suffers.
In experiences, aligning of organizations is not a priority for companies during selecting a software. Moreover, companies are very desperate to find a new ERP system fast so that it addresses their pain points and they lose sight of their business goals.
Staying focused on benefits realization is not easy. Therefore we’ve found many strategies which will help companies realize significant benefits from their ERP projects. These strategies are most effective when implemented before or during the selection process.
  • Understand Your Current Status – You can realize many business benefits by knowing your pain points in your current system.
  • Outline Expected Benefits and ROI – When embarking on ERP projects with clients, we typically help them clarify their overall business goals, so they can determine how ERP software can support these goals. This leads to a discussion about business benefits.
  • Ensure Organizational Alignment – Your company needs clearly defined business goals along with project goals.In addition to this they also need an understanding of how they tie together. Everyone, especially executives in the company needs this understanding.
  • Develop A Realistic Project Plan – Unrealistic expectations often is one of the main causes of low benefits realization and ERP failure.
  • Focus On Change Management – You cannot realise business benefits if the end-users are not ready to use the new ERP software.
  • Think Twice About Changing Your Goals – While changing the ERP system all processes, like customization or scope adjustment must be viewed. Also keeping in mind your project goals is necessary.
  • Continually Measure Benefits Realisation – Identify gaps between projected and actual benefits throughout the project. This helps managers to understand what they are doing well and how they can improve.
  • Continually Improve – If the company is including, focusing on business process management as a part of your ERP projects, you should understand the importance of continuous improvement.

Some more ways by which an ERP system can help our industry grow :

  • They are flexible in terms of user interface. This ensures better support throughout industrial operations.
  • They can easily integrate with all our application and business management tools. This provides a single platform for all our operations.
  • It effectively manages project planning, scheduling, inter department communication, etc. This optimizes all our industrial processes.
  • It provides us with detailed project and market analytics for better sales performances.
  • It manages various currency, foreign policies and compliance and finances with ease.
Continuous improvement is better than delayed perfection.

Mark Twain

Millennials and ERP: The Ultimate business duo making significant changes in the process

Millennials and ERP: The Ultimate Business Duo Making Significant Changes in The Process

Millennials usually refer to the group of people born between 1982-2004. They are considered as the first generation to have been living in a connected world. The internet boom, the exponential growth of smart devices and over-dependence on electronic communication systems are changing the industrial practices. This seems to be highly resembled to the ways millennials’ behaviour.

 
As the time is making significant changes in millennials and business, manufacturing & export industries are trying to grab new opportunities. The industries are embracing Enterprise Resource Planning systems to reduce time taking manual operations to create virtual assistant. Here are few millennial driven industrial practices that ERP solution readily offer..
 
Accessibility:
Having access to technology anytime from anywhere is the basic need of millennials. Now, it’s not only restricted into mobile usage, but they need connective world where every device should connect with the internet. The thin line between using device for personal use and for professional purpose is slowly blurring. This is causing more industries to follow “Bring Your own Device” business policy. This is how mobility solution like ERP system is getting highly accessible through personal devices, making corporate functions smoother than ever.
 
Promptness:
Millennials regularly interact with almost defect-free communication system and they prefer going social and they cannot afford to settle down with any burdensome application. Hence, and ERP system is apt when it comes to prompt response to the given command. This system is built to handle any size and shape of business operations of any process manufacturing industry. The best part of this system is that it can adopt to any latest change n the business world while it helps employees to efficiently perform tasks.
 
Smart user assistance:
Dashboard, separate login access, real time KPI, automated documents preparations, easy entry of orders, export invoices are the reasons why millennials opt to the smartest business process interface. an ERP system allows users to efficiently handle the process without wasting any time on traditional report formulation, inventory tracking and employee data maintenance.
 
Easy data retrieval:
Millennials are busy. They want results in jiffy. ERP system comes with integrated business intelligence, Excel configuration and social networking that allow users to easily retrieve data to drive better business outcomes. Also one click report generation provides a complete pre-defined report of Procure, Customer Relationship Management, sales, tax, finance, inventory and much more.
 
The technology-driven skillset of millennials are the driving force of manufacturing industry. They are the biggest investors and the consumers of our present market. If you’re looking forward to staying ahead of the edge then it’s important to follow how millennials are shaping the market. Changing with the trend is important to sustain in the competitive world. Simply put, the rise of millennials is a boon to make industries ready for the right ERP system landscape.