When it comes to searching for a new ERP software solution there is no one-size fits all. It is a critical decision that can be an extremely long and difficult process. One must consider many different factors (ex. functionality, fit, price, complexity etc.) before selecting a solution. It is very important that you take your time in evaluating your options as choosing the right solution as well as the right vendor is critical to the success of the project. To help ease the stress this process can cause we have broken down 5 key factors one should consider when evaluating various ERP software vendors.
Incorporating the right Enterprise Resource Planning (ERP) software solution is not just choosing the right product. It’s just as important to know how you will access the software. Today, there are various hosting models available in addition to having it on a local computer. Therefore, you should consider the hosting model that best fits your business. The following is a breakdown of the 3 basic hosting models for ERP software:
Businesses looking to select and implement a new ERP system have a critical decision to make right off the back. Do you go with a large generic ERP solution that provides the “one size fits all” type functionality? Or, do you look at a more industry-specific ERP solution that will provide the functionality that meets your needs?
Have you ever heard of the term “ERP” before? Not exactly sure what it is or why it is important to process manufactures and chemical distributors? Have you tried researching it and found it overwhelming and a little confusing? You are not alone. As a leading developer and provider of ERP software solutions, we are often asked to explain ERP and its benefits.
Today’s dynamically changing business environment calls for organizations to be agile and quick in responding to market changes to exceed customer expectations. Utilizing Demand Planning is an integral part of this process. A successful demand planning system requires a credible, flexible and accurate forecast. A good demand planning system will enhance the accuracy of revenue predictions, keep your stock levels in line with the increase and decrease in demand, and improve your profitability.