Are you getting enough ROI from your ERP Software?

Enterprise Resource Planning (ERP) systems are crucial data solutions for the supply chain. This comprehensive software facilitates department connectivity, integrates data, and increases the bottom line. But for the most impressive results, ERP management is key to maximize its potential. To do so, keep the following ideas to keep in mind when choosing and maintaining your ERP:
Pick the best fit
ERP software systems are designed for universality. But, you may still need to do some fine-tuning to meet the unique needs of your organization. Make sure to consider factors like workflow, scalability, and regulatory requirements before ERP implementation. This way you’ll get what you need and skip what you don’t.
Ask the software manufacturer to see if you might be able to customize the system for efficiency. For example, adding necessary fields or disabling unneeded features. Also, keep in mind what business activities you want to ensure the new system has. Examples might include functionality for inventory management, accounts payable or other office functions. Last, does the ERP include a customer relationship management CRM module?
Get answers from your ERP … and about your ERP
Most current software packages include easy-to-run business intelligence (analytics) capabilities. These let you to query, determine patterns, and anticipate needs. Then you can make informed decisions about product demand, budget discrepancies, and more.
At the same time, seek ongoing feedback from employees who use the ERP system. Users can determine any elements in need of improvement within the software itself. Then leverage support services for troubleshooting and suggestions to fill in service gaps. ERP vendor/reseller representatives and custom application developers are valuable resources. They often have insider knowledge of your system and oftentimes your industry. Their job is to help you find practical data solutions, so take advantage. In any case, real-time information is key to making informed decisions.
Ensure maximum integration
The function of all ERP solutions is to streamline and automate business processes. Yet, organizations are often dissatisfied with existing systems. This is due to remaining compartmentalization and redundant information management. Sometimes even with the most careful choice of ERP, a few bugs remain. In this case, consider add-on ERP software to reduce the costs of any unaddressed tasks. Third party software integration can add functionality to fill in the gaps in your ERP. Explore options for integrated inventory purchasing, supply chain management, or material requirements planning.
One important caveat: Go slowly as you expand, update, and make changes. Overloading users with new functionalities can hinder rather than help your productivity. Finally, ensure both new and existing employees receive ongoing ERP system training. This will help to prevent inconsistent usage and unused features.   
For over 40 years Radley has helped manufacturers fill the gaps in their ERP applications. The Radley platform can error-proof data and improve productivity while reducing labor costs. Radley’s solutions integrate seamlessly with today’s top ERPs and back end systems. Contact us to learn more.