You’ve written the RFP, and vendor responses are starting to roll in. Choosing the right vendor should be easy, you think. It’s a matter of picking the best one, right?
Here’s the problem: what you think is the best is subjective. Your colleagues may well believe that Vendor B is much better suited than Vendor A to provide your ERP system. How do you choose? This post will explore how you can create an evaluation system so the vendor selection process is smooth and headache-free.
At many firms, RFPs are overlooked opportunities. These documents give companies the chance to tell vendors what they want out of an ERP system. It’s also the time for businesses to share what their expectations of the vendor are. After all, how can you expect a vendor to do something if you never share that information?
Read on to learn about what you should reasonably expect from your vendors when writing your RFP and why those expectations are important.
What is the one thing you need to do before you submit your RFP for an ERP system? Some people might say, “Finding a person to write the RFP,” or “Setting a deadline for when it has to be completed.” Those things are important, but they can be figured out along the way. When it comes to writing an RFP for an ERP system, there’s one thing that’s absolutely crucial: setting internal requirements for what you want and need out of an ERP system.
Read on to learn why setting internal requirements is so vital, and why you can’t submit an RFP without this step.
The RFP for your ERP system might not seem like it’s important. In fact, you might be tempted not to invest much time or effort into it – you just want to get the process over with, start using your ERP system, and become more efficient and agile. That would be a mistake.
You want the best RFP possible, because your RFP provides vital guidance for your vendors. To write the best RFP possible, you need to follow a set of best practices to achieve success. Read on to learn what these best practices are so you can incorporate them into your RFP.
What is one of the most crucial parts of the ERP system purchase process? It might surprise you, but it’s actually creating the RFP. The RFP is a critical document. If you don’t get it right, you could wind up with an ERP system that doesn’t meet your needs.
Read on to learn what you should do when creating an RFP for your ERP system and what mistakes to avoid so you don’t waste time or money, and you purchase the right ERP solution.
To be a food or beverage manufacturer is to face enormous amounts of risk. These are highly regulated industries in which the slightest mistake could actually cost customers their lives, and penalties for failing to comply with the law are jail time. On the less serious end of the spectrum, changes in customer demand are also a risk food and beverage manufacturers must navigate.
The world is changing around us, yet are we keeping pace? That question is especially relevant in the food industry.
Over the years, we’ve seen a shift in the retail landscape with a move towards retailer consolidation. More and more consumers are buying food products online, too. How do these food industry retail trends affect manufacturers, and how can they manage these shifts successfully? Read on to learn more, as well as what kinds of technological solutions they can use to handle these changes.
When faced with the decision to purchase and implement new technological solutions, the first thought that comes to mind is, “What’s the ROI?” Generally, ROI is expressed as a number – after all, the formula is ROI = net gain/cost. Let’s say you buy a $5,000 software system and you then go on to make $7,500. That’s an ROI of 50%!
Sometimes, the sources of ROI are less obvious. However, that doesn’t mean that they’re any less important or that they shouldn’t be considered at all. Read on to learn how four hidden sources of ROI in your ERP implementation can transform your entire company, making it more profitable and sustainable.
“I just spent the last three days building a report for the boss on the accept / reject rates at each inspection point. I got an order list from sales. I found paper reports on the inspections. I put it all together in a spreadsheet with beautiful colors and formatting. It was a lot of work and I am proud of the report.”
“That sounds great. Why the glum look?”
“The boss wants even more details. In addition, this report needs to be ready at the end of every month. I cannot spend that much time. I need a better way to publish this report.”
If you’re looking into investing in an ERP system, you’ve read about all of the benefits that they bring to organizations. One of those benefits is higher productivity.
Productivity gains are considered a hidden source of ROI because they’re harder to quantify. However, they’re no less important than other advantages that ERP systems bring to companies. Read on to learn how you can harness the power of increased productivity thanks to an ERP implementation.