ERP

How to Acquire an ERP System?

ERP projects consist of three main components: Business Logic, Technology, and Sustainability.

Business Logic encompasses the internal data management structure and the overall flow of the project without breaking the chain. This layer establishes how operational data management needs will be handled, visualized, and reported. Key considerations here include whether flexible solutions tailored to your needs are possible and whether the team performing the business analysis possesses the knowledge and expertise to understand your operations.

Technology is one of the most crucial components of ERP projects. Successful projects are often associated with older, well-established companies because an ERP system's proven success cannot be thoroughly tested in less than ten years. This might imply that products focused on success might not be sufficiently acquainted with new technologies and incapable of adapting when you decide to upgrade to Industry 4.0 standards. Hence, it's essential to scrutinize the technologies within products you consider successful. Using newer technologies can provide you with peace of mind and prevent you from having to discard your investment in the future.

Sustainability is critical for your business. Particularly if you plan to use a long-term product, you need software that can continually adapt to your business's dynamic needs, which should be flexible and solution-oriented. The software itself should be as dynamic as your business, capable of continuous improvement and expansion. Additionally, consider the cost of sustainability. If the software can be developed in-house, it can make the process much more manageable. This way, you can reduce the time and resources needed to ensure sustainability and flexibility. However, finding sustainable software solutions might require time and resources. Keep in mind that sustainable software can lead to long-term cost savings for your business. Therefore, considering the feasibility of sustainability and its cost should be part of your software selection process.

If the business logic is well-structured, if new technologies are being used, and if there is an option for sustainability, I recommend considering the purchase of that software.

Remember that ERP projects play a central role in managing your company's data. Therefore, making informed purchasing decisions by correctly evaluating the right components is crucial.

One thing to avoid is making a decision to purchase a product solely based on hearsay without a proper analysis of these factors. Even with the best companies, there are disappointment stories in this industry. #technology #erp #mrp #software #business