Question

Give 5 reasons: How does an ERP system enforce best practices for an organization? Provide an example.

Answer 1

1). Understanding & Prioritizing Your Key Requirements

An ERP software is predicted to be a key component of managing your core business processes. As such, gaining an entire understanding of the processes in your organization and the way they function and affect your overall business is pivotal while choosing your vendor and ERP software. Another crucial a part of this evaluation phase is prioritizing your processes. you ought to build a technique by putting your immediate needs on top of the priority list, followed by future strategic goals.

2). Establishing Key Performance Metrics for a Positive ROI

How does one measure if your ERP implementation may be a success or not? By establishing Key Performance Indicators (KPIs) which will allow you to quantifiably measure the performance of your software post-implementation. you'll build a solid business case for your software by using these KPIs to guage whether or not you would like customizations to the software—and how they're going to affect your ROI. you'll also use the KPIs to guage the worth your vendor provides to you.

3). Invest Time in Training

ERP software implementations not only affect your systems and business processes, they also affect the day-to-day work of the people that are expected to use the system. you can't expect all of your employees to select up a system from the get go. Investing a touch time within the training of your employees within the new software can go an extended way towards satisfying your users and deriving much greater ROI from the tool within the end of the day .

4). Get Data Migration Out of the Way Early

Your data is one among the most assets of your organization. Any successful ERP implementation would basically require you to transfer your specified data from the old system to the new available system. Most companies postpone data migration until late within the implementation process, which may have a negative impact. the earlier you begin doing it, the longer you'll need to test the info , and therefore the lower the chances of knowledge loss occurring. make certain to prioritize your data for migration. You don’t need to migrate all the old data just the pertinent parts.

5). Get Everyone Onside

There is one thing common in every best-in-class ERP implementation. it's everyone within the organization from the boardroom level to the daily user level pulling together for an equivalent cause. If your board isn't comfortable with the budget, and if your users aren't comfortable changing software, you’re certain a troublesome ride. it's important to speak properly with everyone to form sure they're on an equivalent page to make sure your ERP implementation success.