Enterprise Resource Planning (ERP) allows a company to integrate its business functions through a single unified platform. It’s also tends to be expensive to implement, putting it out of the reach of many small businesses. This guide will provide several tips on how to purchase an affordable ERP system:
Purchasing and Receiving
Material Requirements Planning
Customer Order Processing
Shop Floor Control
Is there anything that you can get rid of? If you don’t truly need a particular module or feature, you may be able to save money by not including it in the system. A lot of ERP solutions are ‘mix and match’, so you should have a great deal of versatility with what’s included in the purchase.
The next step is to contact an ERP vendor and issue a RFP (Request for proposal). This will allow you to ask direct questions about the pricing structure so you can determine what you’re actually going to have to pay for the system. Don’t be surprised if the price jumps quite a bit from what was advertised.
You’ll also want to research the vendor’s status in the business world. If they’re still obtaining new customers, it’s a good sign that they’ll be around in years to come. If they’re mostly living off maintenance fees for existing companies, they’re probably not as stable and represent a greater risk. You obviously want to save money, but it will be for naught if they go out of business a few months later.
You should then contact other vendors and find out the same information. It’ll take some time and effort, but you’ll be able to figure out which offers the best deal. You don’t necessarily want to go with that system, however – you may be able to save additional money by contact the earlier vendors. You’ll have a competing bid, so they may be willing to lower the price or throw in extra modules.
Keep in mind that an affordable ERP system may end up costing more than a standard system in the long run. The software may not be as stable or productive and the technology is likely to become obsolete that much quicker. If you can afford to pay a bit more for the solution at the outset, there’s a decent chance you will get a much better return on investment.
Enterprise resource planning (ERP) software delivers the ability to manage and standardize business processes across your entire organization. The increased efficiency from this can generate an impressive ROI. But there are hundreds of ERP vendors to choose between. more
The hidden costs associated with implementing an ERP system can add up quickly. Businesses frequently find that these projects go over budget despite being well planned. You can avoid this problem by preparing for these overlooked expenses ahead of time. This allows you to develop a more accurate budget and even reduce some of the costs. more
Although the SaaS model is becoming increasingly prevalent for all types of business software, many organizations have been reluctant to switch to SaaS for ERP (Enterprise Resource Planning) application modules. The thinking goes that ERP functions are too important to be left to the cloud. more
Among all of the business software applications necessary for business operations, ERP is undoubtedly one of the most important. Making the wrong selection can have a disastrous impact on your accounting, manufacturing, and supply chain. With so much at stake, it is crucial to make a well-informed decision. more
Selecting an ERP system is no easy task. You have to select and configure a system that fits your exact business needs. Getting it right means a myriad of benefits, from increased productivity to reduced costs. Getting it wrong can be a quagmire. Our new comparison guide gives you the data you need to make an informed decision, all in one easy-to-use Excel file. more