An Enterprise Resource Planning (ERP) system impacts every facet of a business -- from accounting and finance to sales and marketing. There is not a person or process that does not feel the effects of a newly installed ERP system.
However, it is the system's ability to automate and integrate an organization’s processes that is often responsible for complicating operations and alienating departments from each other. What was once considered a promising vehicle for shared data and practices can quickly turn into a nightmare of missed schedules, cost overruns and management frustration.
Opinion remains particularly polarized on the subject of "big data." Recently, our Global Advisory Board explored this controversial topic.
Despite the risks involved, companies can add value to their ERP systems by following a series of best practices:
Investment recovery from information technology – Strategic, organizational and operational elements that are aligned and functioning properly will ensure IT systems deliver as promised.
Keeping pace with change – In order to adapt to change, organizations must align and develop skills to create an enduring culture of continuous improvement.
Successful strategy implementation – Developing a properly aligned organization and installing practical business processes will propel an organization toward its long-term goals, as well as boost short-term performance.
Optimize operations performance – Installing operational improvements that bridge the gap between the present and a desired future state.
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