Merit Matters Blog - Merit Solutions

19
Sep

Hidden Sources of ROI for Your ERP Implementation: Lower Operating Costs

During his or her pitch, your ERP salesperson most likely highlighted statistics about how much you can save – “you’ll see a 20% reduction in this cost” or “you’ll see a 40% saving in this area.” That tends to be an effective sales approach and gets results, because everyone wants to achieve these goals.

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15
Sep

Error Reduction: The Source of ROI You’ve Never Considered

Do you remember the “Where’s Waldo?” series of books? Each page was filled with an illustration of a crowd of people. Hidden inside the crowd was a tall, skinny man (Waldo) who wore blue jeans, a striped sweater with a matching hat and scarf set, and glasses. Trying to pick him out of a crowd of hundreds of characters led to frustration and eye strain, yet there was ultimately a sense of triumph when you located Waldo.

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12
Sep

Where’s the ROI? In a Single Version of Truth

What’s the first thing that comes to mind when you hear the words “ROI” and “ERP systems”? Do you automatically think of how much money you’re saving because you’ve implemented an ERP system, or how much you’ve profited as a result of this technology?

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8
Sep

How Multiple Sources of Truth Put Your Decisions at Risk

Everyone has made at least one bad decision in their lives. Some decisions are worse than others, though. And while humans are imperfect, bad decisions can be avoided.

That’s good news for businesses, because the ramifications of a bad decision can be huge. But, bad decisions don’t come out of the blue. There’s groundwork that employees and executives lay for themselves. Read on to learn one of the top causes of bad decisions and how you can avoid it.

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5
Sep

Get the most you can from that ERP demonstration

The sales and demonstration crew from an ERP provider are going to be at your office in just one hour. Are you properly prepared? If you are just now asking that question, the answer could likely be – No.

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1
Sep

Managing Compliance Risk in Medical Device Manufacturing

The medical device manufacturer that had a spectacular compliance failure probably made the headlines. Their story will be noted in university classes around the world for years to come. Let’s look at another outcome.

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29
Aug

How Many Data Sources Can Your ERP System Connect To? Yes, There Is a Right Answer to This Question

Here’s a pop quiz for you: how many data sources can your ERP system connect to? You might think that this open-ended question wouldn’t have a right or wrong answer, but it actually does.

If you find yourself saying, “Well, our ERP system can only connect to one or two data sources,” that’s a bad thing. Read on to learn why your ERP system’s inability to connect to a variety of data sources is a sign that you should consider replacing it.

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25
Aug

Don’t Ignore the Warning Signs that You’ve Outgrown Your ERP System

There are four signs that you’ve outgrown your ERP system. The first sign is that it has limited functionality. Second, your ERP system is neither user-friendly nor intuitive. A third sign is that your support costs are growing ever higher. Finally, you can’t connect to all of the data that you need.

It’s easy to ignore these signs. How many rationalizations have you come up with to justify not investing in a new ERP system? “It still works. The ERP system isn’t broken. We can still afford these support costs… for the time being.” Read on to learn why these signs are too important to ignore, and what the consequences are for not updating your ERP system.

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22
Aug

ERP ROI: Make Better Decisions

One of the primary benefits of any ERP system is decision support. We might think executives make the important decisions. In fact, people at every level of the business make important decisions throughout every day. Use your ERP to help guide every user to the choice that leads to an optimal payoff for the enterprise.

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18
Aug

4 Risks You Take Every Day without a Single Version of the Truth

Winston Churchill once said, “The truth is incontrovertible. Malice may attack it, ignorance may deride it, but in the end, there it is. Churchill was known for his leadership skills during the darkest days of World War II, but he most likely never had to work in an office with several people all claiming that their numbers and figures were The Truth.

Today, it’s a common scenario that multiple voices clamoring for supremacy. It’s also a highly problematic situation which can lead to risks. Read on to learn the four risks you take every day without a single version of the truth.

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