Enterprise resource planning (ERP) systems improve the way of doing business. By providing accurate, real-time information throughout your supply chain, an ERP system can help your company be more competitive. Seamless integration of information flows across all departments through a centralized database, provides a unified view of the business, and enables management to make more effective, timely decisions. A successful ERP implementation can provide better business intelligence, streamline business operations, reduce costs, enhance collaboration, and ultimately help you grow your business.
While most organizations rely on enterprise resource planning systems, relatively few are able to truly optimize the capabilities and functionality the software products can deliver. In fact, statistics show that more than 60 percent of ERP implementations fail to meet expectations. What constitutes failure? Not realizing the anticipated return on investment, extending the implementation schedule and go live date far beyond planned, going over budget by a large amount, interrupting the organization so much that business suffers, and stopping production and/or not delivering products to customers are the major issues. But this doesn’t mean your project is doomed from the start. Understanding the factors that can interfere with the project as well as what items can lead to success is extremely important.
The Eight Deadly Sins and Best Practices to Prevent Them
Knowing the common reasons ERP implementations fall short and how to avoid them can save you valuable time and money and help make your project a success.
