ERP optimization best practices: Meeting your competitive challenges
WHITE PAPER |
In order to implement efficient business processes and achieve ongoing success, many companies have integrated sophisticated enterprise resource planning (ERP) platforms. However, many ERP projects experience cost overruns and implementation delays, and ultimately fail to deliver on their projected benefits. If your organization has experienced these issues, or have experienced changes to your operations or business model, undergoing system reconfiguration or optimization can increase your system’s value and efficiency.
ERP optimization involves adjusting and updating your ERP system configuration or the processes that are utilized in operating it. An ERP system that is not fully optimized presents several risks, including lost productivity and revenue. Other potential consequences of a poorly-tuned ERP system include resource waste, damage to your brand, a decreased competitive advantage, increased regulatory scrutiny and reduced customer satisfaction.
The need for ERP optimization can be traced to three root causes:
- Poor system implementation
- Lack of configuration updates, despite evolving business practices, processes and technology
- Lost functionality due to a drain of operational knowledge and understanding
As your business model and processes evolve to meet customer and market demands, your ERP system must be configured and optimized to support your goals and objectives. Read our white paper to learn common ERP challenges and best practices to improve your system configuration and processes.