Effective ERP System Improves business Insight at Low Operational Cost

Effective ERP System Improves business Insight at Low Operational Cost

Under the current business paradigm, ERP systems face the challenges of supply chain disruptions as well as disruptions to traditional business operations due to remote work locations during the pandemic. Under the new normal, these systems will also need to be modified and strengthened for a long haul in the remote working environment.

An ERP implementation/migration can be a daunting prospect. IT experts offer insights on how to make challenging business transformation smooth and successful -from laying the organizational groundwork to planning for the long haul.

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Laying a strong organizational groundwork

organizations must first lay the groundwork by addressing the requisite political, organizational change management, and governance issues upfront, before starting the process of acclimatization. Political issues and power struggles are common in every modern organization, but they should not prevent the ERP system from catering to all teams in best interests of the business.

Overhaul the processes

Implementation of ERP system is a wonderful opportunity to rethink and optimize organization works. Companies need to use an ERP deployment or migration as a critical part of their digital transformation efforts. They need to engage in design thinking or journey mapping to explore new and creative ways to improve business processes, as a part of making the ERP systems work well for the remote working teams. This could be the best opportunity to make it conducive for the massive changes that digital transformation requires.

Get the data ducks in a row

Comprehensive ERP platform need to be up to speed with data collation capabilities, to be actually useful for insightful decisions in the business they support. This is particularly important as organizations struggle with supply chain issues, and need clear and transparent data that lends real-time insights into all data in the systems. This will help in providing efficiency to multiple functions including ecommerce sites, sales, billing, manufacturing, inventory management, delivery, support, or customer service.

Also Read: Making the Most of Digital Transformation

Planning for the Future

There is a distinctive shift in enterprise infrastructure towards digitisation, and any system the business uses needs to be a part of the new business infrastructure.  Especially with remote working, and new virtual collaborative tools, the cloud is the new place to be. When migrating to the cloud selecting a vendor that will provide the same functionality like earlier is never enough. The ERP system for the new improved enterprise needs to be adept in leveraging to make use of advanced data analytics and simulations such as digital threads or digital twin technology, implementing basically implementing a new ERP process

in today’s business world it is impossible to ignore the impact of ERP. businesses can align separate departments and improve workflows resulting in significant bottom-line savings as enterprise data and processes are corralled into ERP systems. Through streamlined business processes organizations can improve its business insight from real-time information generated reports.

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Snigdha Mandal is the Business News Reporter associated with OnDot Media. She is an experienced journalist with nearly ten years of experience in the business news sector. Before joining ODM, she has worked with different media organisations and content firms. Before joining ODM she was the content team lead with Samsung India, Gurgaon