Posts

Showing posts from October, 2021

How to Build a Business Case for a New ERP Solution

Image
  "Beyond the most basic, the choice to implement a new ERP solution requires expertise." Today's post-modern ERP Software solutions are more prosperous and more adaptable – and provide ROI in various direct and indirect ways. For many firms, the problem is going through the mass of information available, combining current operational data, estimating future performance indicators, calculating ROI, and then building the business case using that understanding. Isn't it challenging to work on? But working is vital. No ERP program should proceed without a thorough analysis to verify that its scope is well-defined, its budget is precise and complete, and its goals connect with its objectives. And no clearance should be granted unless the ROI and payback period has been determined and understood. Nonetheless, many firms forego developing a comprehensive business case because they see it as merely an investment in technology. Steps to Building a Business Case 1. Ident...

What Percentage of Companies Use an ERP?

Image
  The list of basic needs for business management includes ERP solutions on a priority basis now. Vital industrial services, financial processes, and much more in a company implement ERP.  The facts and data given below can assist you in picking an appropriate ERP Software for your company . ERP market statistics and Industry Breakdown In the early 1990s, the Gartner Group popularised the term " Enterprise Resource Planning ." However, ERP systems and software are pretty popular if we specifically speak of the manufacturing industry. Source: Panorama Consulting Group ERP Statistics & Facts The 1980s-1983 The evolution of CRM, human resources data, and finance occurred, and a new MRP II came into effect that featured “modules.” It integrated the essential manufacturing tasks that form a shared-data system.  The 2000s-2005 The Gartner Group coined the acronym ERP to differentiate from MRP software.  The new system included business intelligence and other critic...