Enterprise resource planning (ERP) systems offer substantial potential to improve business practices. ERPs provide accurate, real-time information throughout the supply chain, which can help manufacturers to be more competitive.
A centralized database allows seamless integration of data to flow across all departments, which provides a unified view of the company that enables more effective and timely decisions. A successful ERP implementation can help to streamline business operations, reduce costs, and ultimately contribute to growing the business.
While most manufacturers rely on enterprise resource planning systems, only a few are able to optimize the capabilities that the software can deliver. Understanding the capabilities that can lead to success as well as understanding what factors can impede a project is critical.
Knowing the common reasons ERP implementations fall short and knowing how to avoid them can save valuable time, resources, and money.