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.
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.
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.
ERP workflows will help your bottom line. We link the steps we are supposed to take in our process as connected ERP transactions. Errors caused by disconnects, when one person performs a transaction and a second person makes a transaction that doesn’t fit with the first, are usually eliminated.
Workflows can be a short series of regular tasks or a lengthy annual process. Whatever form they take, they can greatly benefit a business that wants to reduce errors and cost.
If you type the term “nothing lasts forever” into Google, you’ll get almost 2 million results. There are a number of books that come up and a couple of songs.
While it won’t come up in search results, the phrase “nothing lasts forever” also applies to tech support. Over time, tech support for legacy systems (including ERPs) becomes more and more expensive. Then, the manufacturer stops offering it. If this is the case with your ERP system, the end of tech support is good sign that you should invest in a new system.
How many steps does it take to perform a single action in your ERP system? If you have to stop to think of the answer, that’s not a good sign.
When you first purchased your ERP system, software wasn’t expected to be user-friendly. The expectation was that it would do a certain job, no matter how difficult it was for humans to utilize it. That mindset has changed, and now user-friendly software that’s intuitive to boot is the norm. If your ERP doesn’t fit that description, read on to learn why it’s time to change it.
When you first purchased your ERP system, you believed that it would transform the way you did business. Your ERP system would make you more efficient and competitive. A number of years have gone by – do you still feel that way?
Chances are that you probably don’t, and many of the system’s users share your sentiments. One of the biggest reasons for your change of heart is because your ERP system has limited functionality. Read on to learn why your ERP’s limited functionality is holding your business back, and why it’s a good time to switch to a new ERP system.
When you first purchased your ERP software, it might have been the latest and greatest thing on the market. Or, perhaps you felt forced into purchasing an ERP system because everyone else was doing it, and you thought you could derive a competitive advantage from it.
The real-time supply chain is supposed to be a boon to the enterprise: it provides greater visibility, you can make better decisions, and your risk management is improved.
However, the real-time supply chain isn’t completely free of problems. The benefits you reap from it diminish greatly if you don’t know how to use it. What’s the solution? ERP systems can help you overcome those challenges so that your firm remains agile and competitive.
The supply chain has existed for centuries, ever since humans began trading with one another. For centuries, they’ve sought to make it more efficient to ensure that goods reach their destination quickly and in the best possible condition.
Technology has made this goal easier to reach than ever. Read on to learn how a real-time supply chain and ERP systems can benefit your organization.