What are ERP Systems?
“Enterprise Resource Planning (ERP)” is a widely renowned term in enterprises. ERPs are systems that manage the resources of a company across various departments by optimizing movement of materials and goods. The key benefit of ERP solutions is to generate effective management of resources, and operations, and to provide information related to a business to ensure its success. The implementation of ERP solutions helps you maximize the efficiency of the usage of resources among different departments in an organization.
Today, the speed of growth, especially for small and mid-sized companies is phenomenal. As companies expand, the implemented ERP system must be flexible enough to accommodate these changes.
Is an ERP System Right for You?
For any organization, the ERP system ensures that all work operates at its optimum capacity. This is usually done by handling raw material management, resource management, human resource management, accounts and financial management. To know if an ERP system is the right fit, business managers and key stakeholders need to identify their core business requirements, once these have been assessed, the next steps will be easier.
Which to Choose; Regional or Global ERP?
When it comes to small and medium-sized companies, the one thing that they need to ensure one key factor. They have to ensure that their systems have regional roots and at the same time do not compromise on their global reach. ERP systems, such as this one, have to ensure that all the systems are robust and can take care of supply change management and all other functions too. This ensures that the business managers have all of the data in a consolidated manner that they need on their fingertips whenever required.
Decentralization and Centralization Process Support
The biggest challenge for small and mid-sized organizations today is to globally standardize all processes and deliver the same quality of products and services all over the world. In order to ensure operational efficiencies and standardization, it is crucial that there is a proper balance between the centralization of processes and the decentralization of activities. It is important that while key decisions are taken centrally, there should be enough control for regional and global offices and executives to ensure that work decisions are executed in time with optimal usage of all resources.
Who are the top ERP vendors?
There are many companies that offers ERP solutions. Here is the list of top 12 such organizations.
• NetSuite ERP
• Business Cloud Essentials
• Oracle ERP Cloud
• Microsoft Dynamics GP
• SAP ERP
• FinancialForce ERP
• Sage Business Cloud Enterprise Management
• Microsoft Dynamics NAV
Selecting the best ERP system is crucial but it is equally important that all the systems are integrated perfectly so that all work processes are completed on time without any issues. Also, individuals at each level must be properly briefed about the processes and other aspects of the ERP systems so that all critical decisions are taken without problems and no resources are wasted.