To respond to market pressures, organizations have to constantly enhance the way they use ERP systems to continue to add value to the business. This could mean significant upgrades, enhancements, acquiring new solutions, or retiring old ones. A limited ERP system can affect ROI, optimal performance, and the overall business strategy of the company.
A limited ERP system can affect ROI, optimal performance, and the overall business strategy of the company.
Here are several key signs that indicate it may be time to assess your current situation.
- Inventory and costing inaccuracy
Frequent wasteful physical inventory counts and unexplainable adjustments; unclear margin and profitability
- Mergers and acquisitions
Unable to integrate new plants or entities
- Business growth and diversification
Capabilities of current software will not support additional requirements arising from new types of customers or products
- International expansion
Currency, language, and new regulatory reporting requirements
- Lack of timely information
Data from current system(s) is disintegrated and is days-old or batched
Cannot effectively trace raw materials, WIP, or finished goods
Difficulty meeting new or changing customer requirements
High reliance on Excel
Lack of integration, collaboration, and efficiency
Experienced talent loss
ERP champion or power users have left the organization
ERP vendor viability
Current system is no longer supported or functions are limited
Making upgrades is expensive or impossible due to modifications
Neglected ERP maintenance or obsolescence
High costs to upgrade