Enterprise resource planning (ERP) can be explained as a cross-business integration of numerous departments inside of the organization. Departments that benefit from an ERP solution are usually accounting, finance, inventory management and customer service. Enterprise resource planning software also integrates internal and external information across the business.
Things to consider before selecting an ERP Solution
An ERP solution should have careful planning before anything has taken place. Careful analysis of the enterprise's business processes and which processes to improve should be always be communicated to the organization's stakeholders. A business process re-engineering is a radical change of how the process functions. A re-design is a slight modification of how the process functions.
A re-design or re-engineer is not better than one another as they both can go horribly wrong if they are not properly analysed and implemented. Other factors that should be taken into account are the businesses cultural organization as it could have an effect on the ERP solution provided by the consultants or analysts. As with any ERP solution a proper project management team should always be in place working with the analysts and consultants in order to deliver the project on time and on budget and most importantly meeting the needs of the business. Previous systems must be also taken into account when implementing ERP solutions.
Benefits of an ERP Solution
An ERP solution allows for easy reporting capabilities to present to management and allowing for status updates for weekly meetings. Other benefits include on-demand sharing and reporting of data across the organization. The ERP solution also allows the finance or accounting department to easily know what value a certain order will be if it is in another currency.
From an operations standpoint, an ERP solution allows for project managers to manage expectations of new projects by showing progress reports that are available to all management and stakeholders. Certain types of ERP software allow for integration of project management software, such as Microsoft Project, which will allow for ease of data flow and data integrity within the system.
The supply chain is very important for any business that wishes to improve delivery and management of its inventory. With an ERP solution, management can view real-time inventory levels and forecast demand and shortages before they occur. This allows for an improvement in efficiency and an increase in profits. An improved supply chain will give customers the information they need to decide whether to order with the business or not.
To In-house or outsource development of an ERP Solution?
Benefits of in-house development:
Control of Business: In-house development allows for greater control over business processes. Relying on external consultants and vendors can be detrimental to business.
Keep business culture: ERP implementations are a companywide change usually. Hiring external consultants and vendors can have its effect on a business. It is important to have a strong team that has the necessary skill in the development team when deciding to go in-house.
Benefits of outsourcing an ERP:
Fresh insight: A business analyst or consultant can provide new and innovate ways of doing business to the organization.
Specialization: Some vendors specialize in only ERP implementations. As time goes on the vendor becomes more and more comfortable and aware of what their software can and cannot do. Since the business has experience in dealing with implementations it can be more predictable during the implementation phase and will allow the business to know what to expect.
Wednesday, May 22, 2013Apple fried over taxes U.S. Senators grilled the company's CEO over where it puts -- or doesn't put -- its profits. But who's really to blame when any company uses all available loopholes?
Friday, May 17, 2013Pentagon approves devices running Apple iOS6 The U.S. Defense Department okays government-owned handsets and tablets running the operating system, along with BlackBerry and Samsung's Knox
Wednesday, May 08, 2013Why stick with Microsoft? CRM expert Gene Marks says most enterprises will stick with Microsoft over Google and Apple. Is he right?
Friday, April 26, 2013Coffee with Apple’s Tim Cook now at $500,000 The iPhone’s slumping sales may have cast a shadow on Cook’s leadership, but bids being pulled in by a charity auction featuring some coffee time with him proves the Apple chief is still very popular
Monday, April 08, 2013Mobile trend hurts IE, Firefox Internet Explorer still accounts for largest desktop usage but its weak mobile presence has hurt its overall standing
Thursday, April 04, 2013Analysts weigh in on Apple’s apology to China Three China-based industry analysts give their take on Apple's decision to apologize to Chinese consumers following two weeks of attacks from state-owned media
Monday, April 01, 2013Apple fails to get iPad Mini trademarked The United States Patent and Trademark Office says the word "mini" merely describes the smaller iPad's size
Monday, March 25, 2013Apple snaps up mapping app startup WiFiSLAM WiFiSLAM's indoor mobile navigation technology could help Apple get over its mobile mapping problems
Friday, March 22, 2013Canadians at risk of Apple password breach? Security patch released by Apple is not available in Canada yet
Wednesday, February 20, 2013Five new Java fixes released Oracle promises to accelerate patch cycle amid growing concern over its ability to keep Java safe
Friday, February 08, 2013Apple all alone in eBook price fixing probe MacMillan has become the fifth book publisher to settle with U.S. Department of Justice, leaving Apple Corp. the sole company facing the DOJ’s allegations of eBook price fixing
Monday, January 14, 2013RIM nets 15,000 new BB 10 apps A little more than a week to the formal launch of its BlackBerry 10, Research in Motion reports snagging 15,000 new apps for its much anticipated new phone
Friday, January 11, 2013Mobile devices to get power boost from IPv6 The next version of the Internet Protocol will enable mobile devices to perform better and work longer, according to experts
Tuesday, January 08, 2013RIM, Apple sued over 3G, 4G patents The Canadian smartphone maker and its U.S. nemesis are among 15 companies named in a lawsuit filed before a Delaware court
Monday, January 07, 2013iPad, Android tablets to flood enterprise space Despite its much lauded effort on Surface, Microsoft will be thwarted once more in its bid to capture the tablet market as Android and Apple units are poised to make solid inroads into the enterprise space in 2013
Thursday, December 20, 2012Samsung faces antitrust charges from EC The European Commission says Samsung abused its dominant position in the market by filing patent lawsuits against its rival Apple
Thursday, December 20, 2012Oracle to end Java 6 security support After February 2013, Oracle will no longer post updates of Java SE 6 to its public download sites according to a post on the Oracle Java SE Support Roadmap
Tuesday, December 18, 2012No new trial in Samsung-Apple fight The judge in the US$1 billion trial has refused to order a new hearing in the case. However, both sides can appeal to higher courts
Friday, December 07, 2012Macs to wave stars and stripes Apple CEO Tim Cook says the company will spend US$100 million to bring some Macintosh manufacturing to the U.S. A columnist looks at what it means
Monday, December 03, 2012Why Apple needs an enterprise strategy iPhones and iPads are sprouting up in organizations as bring-your-own-device strategies are embraced. But if Apple wants to be really taken seriously it has to do more
Friday, November 23, 2012BlackBerry 10: Excited yet? RIM's long-term prospects may seem bleak, but a lot of short-term success could put it back in the game
Thursday, November 22, 2012Steve Wozniak talks about the IT culture clash Apple co-founder tells a Toronto audience that rebellious minds in an organization can lead to brilliant ideas
Wednesday, November 14, 2012The ultimate limit of data centre resiliency In Hurricane Sandy’s aftermath, customers may start to pay closer attention to where their cloud provider’s data centres are located, says CentriLogic president and CEO
Monday, November 12, 2012Apple and HTC bury the hatchet The two companies have come to an agreement after many months of litigation
Monday, November 05, 2012Three more dragons to slay before RIM’s return Blackberry 10 needs to be cooler than the competition, says guest blogger Tim Collins