The ERP is an essential part of your business strategy, so you should align it with your ERP implementation.
Gartner’s research indicates that midsize enterprises lack a business strategy around which IT can align its application strategy, which ERP is one.
In addition to emphasizing the importance of a clear business strategy, CIOs should play an active role in contributing to it by leveraging the relationship they have with business executives.
ERP implementation support what types of tasks?
ERP software integrates all important processes across locations and departments, including finances, supply chain, operations, commerce & e-commerce, reporting, manufacturing, and human resources.
Data is captured accurately and in real-time by ERP across the organization.
With complete transparency, it gives users access to accurate data from one source. Insights and analyses are provided based on trends and the history of the processes.
A timely, informed decision can be made as a result. It’s important, however, that your ERP aligns with your target results since it’s a substantial capital investment.
However, how do you go about it?
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The first step is to identify quick wins
There are many midsize companies without a documented business strategy or one that is insufficient to guide IT application strategy, yet IT leaders are responsible for digitalization.
Therefore, ERPs must consider all departments that they can impact. What are the opportunities for quick gains? Instead of focusing on technology, focus on people, workflows, and processes. Understand the pain points in your business that are preventing you from moving forward.
Identifying improvement opportunities will allow you to track progress and identify targets.” You don’t have to stop at internal views either.
Take a look at your customers’ needs, your suppliers’ requirements, and the regulations that govern your industry.
Identify your weaknesses and compare yourself to your competitors. Check out how your ERP implementation can help you improve your business intelligence.
It’s a benefit that is often overlooked. Document your current practices and the estimated benefits of each change with your implementation partner.
The second step is to determine the value and vision
Collaborate with C-suite members, business unit leaders, and other stakeholders in the organization to develop or refine the business strategy.
When looking for quick wins, determine their value in terms of time saved, cost saved, or customer retention.
Think about how you are going to roll this out once you know what you will measure for ROI.
Keep in mind that no single ERP system implementation strategy is optimal for every business situation or company, regardless of whether your organization uses a big-bang, go-live-all-at-once approach, a phased rollout, or a parallel adoption.
In order to get the most out of your ERP investment, your ERP rollout partner can help you understand what type of implementation might work for your organization.
The third step is to roll out and optimize
Your ERP will be regularly evaluated against your value metrics once it has been implemented.
Everything that is working will be celebrated, and everything that needs adjustment will be tweaked and measured again.
Keep track of your progress every time you make a change by documenting your initial starting point. Then you can repeat the process for the next department or process once you’ve realized all the quick wins for one.