I started my own business a few years ago, and I considered myself very lucky when it became profitable almost immediately. I was sure that was a sign that it was destined to keep growing, but to my surprise, my earnings became stagnant after being in business just a few months. I thought I was doing everything right, but I just wasn't making enough to stay in business much longer. I finally reached my wits end and called in outside help from a business consultant. I wish I had done it sooner, because it was the outside, unbiased view I needed to make my business more profitable. The consultant helped me make a few tweaks to my supply chain and marketing plan, and my profits increased dramatically. I like helping new business owners, so I decided to create a blog to share my tips!
Over the years, there has been an increasing range of Enterprise Resource Planning solutions available. And while some people may think that this is beneficial since rigid competition will give way to a decrease in prices, the reality of the matter is that the extensive array of ERP software solutions available makes it more challenging to select an option for one's operations, as they offer a varying range of pros and cons. Nonetheless, this does not mean that you should solely base your decision on price and hope for the best outcome. Instead, there are fundamental aspects that you can bear in mind to ensure that the ERP software that you choose will not only be compatible with your business but will complement your operations too. To help you make the most of this decision, check out the following article highlighting a couple of integral deliberations to take into account during ERP software selection.
Which shortcomings would you want the ERP software to address?
The first thing that you need to do during ERP software selection is identify the various shortcomings that your current system has and determine whether the new software can resolve them. A mistake that some business owners make is embarking on the ERP software selection process with their previous expectations in mind when, in reality, their business has likely evolved in leaps and bounds over the years. Thus, some of the requirements you may want from the ERP software will have changed. So how can you determine which shortcomings you would want the ERP software to address? The answer is by figuring out your expectations from the new software such as the specific processes that you would want it to automate, the systems you would like to assimilate with the ERP software, and more.
Is the ERP software compatible with your preferred technology platform?
Over the years, there has been a surge in the array of technology platforms available for businesses. From cloud-based platforms to on-premises platforms and even managed IT services, you must make sure your ERP software selection takes into consideration your preferred technology platform. For example, if you do not have your own IT department, you may find that investing in ERP software solutions provided by managed IT services will be a better technology platform for your business than on-premise ERP software solutions would be. Convexly, if you already have tech servers up and running, on-premises ERP software installation would be best suited to your business needs.