Skip to the main content.

 

FREE ASSESSMENT

StarShip

 


Paya Nuvei Logo 2

 

AvidXchange Logo USE

 

2 min read

What does ERP Stand for? How to Select an ERP Solution and Partner

What does ERP Stand for? How to Select an ERP Solution and Partner

Recently, I did three presentations at Michigan Association of CPA events about how to select and successfully implement a new "ERP" system and was asked to explain what does ERP stand for?  This topic was so well received, that I thought I’d write it as a blog to share on the web. I’m going to break up the presentation into several blogs because it covered a lot of topics.  So let's review our previous blogs the summarize the following:  

What does ERP stand for?

ERP is an acronym for Enterprise Resource Planning. It is pronounced E-R-P; not Earp, like Wyatt Earp the Wild West Lawman. When our company started in 1984, we sold Great Plains Accounting for DOS. This covered the basic accounting functions: general ledger, receivables, and payables. As applications grew into more operational areas such as distribution, manufacturing, payroll/HR, project accounting, and field service; they needed a better term to describe these all-encompassing systems and ERP was born. There is actually a good blog published earlier on ERP VAR by Kerry Gardner of Klear Systems What Does ERP Stand For? that explains more about ERP and how it is actually a business strategy that organizes the business processes of a company.

  • How Much Should a Company Spend on an ERP Solution?

One of our consultants has a rule of thumb for this with manufacturing and distribution companies which I share in this blog.  I also did an internet search to see what others have to says about this, but found very little about how much a company should spend, but I found a lot of articles by software companies about what a company will spend.  Read more about How Much SHould a Company Spend on an ERP Solution.

  • How to Select an ERP Software Solution

We’ve seen some very well run software selection processes, and some very poorly run projects.  Based on my experience and talking to companies whose selection and implementations have gone wrong, here are some suggestions of what I suggest companies ooking for a new system should do to make sure they pick the right solution. See our previous log on How to Select an ERP Solution Solution.

  • How to Select an ERP Software Solution Provider

Not all partners are equal and just because a partner is local doesn’t mean they’ll provide better service and product knowledge.  Many of today’s ERP solutions are also very mature products and offer similar business functionality. Consequently, I’d argue that choosing the right partner is even more important that the right solution.  You can read more in our previous blog How to Select an ERP Software Provider?

To learn more about our solutions and services, please visit www.tmgroupinc.com or contact us at 888-482-2864 for Microsoft Dynamics and www.greenstonepros.com or 248-919-9520 for Sage ERP X3.

ERP Implementation Partner Selection Tips and eBook

ERP Implementation Partner Selection Tips and eBook

How to Find the Right ERP Implementation Partner Working with the right ERP implementation partner will be critical to the success of your ERP...

Read More
Are You Outgrowing Your ERP Manufacturing Software?

Are You Outgrowing Your ERP Manufacturing Software?

3 Tips for Finding the Best ERP Manufacturing Software for Your Business If your manufacturing company is outgrowing your software the search for...

Read More
5 Ways a New Manufacturing ERP Helps Your Business Grow

5 Ways a New Manufacturing ERP Helps Your Business Grow

Grow Your Business with a New Manufacturing ERP Solution The economy is constantly changing, and manufacturing companies have been hit hard by recent...

Read More