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 covers a lot of topics. So let's review our previous blogs and summarize the following:
ERP is an acronym for Enterprise Resource Planning. It is pronounced E-R-P; not Earp, like Wyatt Earp the Wild West Lawman. Many companies running for over 20 years have experience using market-leading solutions like MAS 90 (now Sage 100), Great Plains (now there are several solutions offered by the Microsoft Dynamics 365 product lines). These systems 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.
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 mention 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
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 looking for a new system should do to ensure they pick the right solution.
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 than the right solution.
To learn more about optional solutions and services, please visit https://www.erpvar.com/