An ERP (Enterprise Resource Planning) system is a vital piece of software that helps businesses streamline their processes and remain ahead of the curve against competitors.
You may already have an ERP system implemented within your organisation but are starting to question the effectiveness of your current set up.
Costs may be running higher than anticipated, your competitors are gaining ground on your business or the system is incapable of managing the needs of your expanding organisation.
Whatever the reasoning it's always a good idea to reassess your systems and their effectiveness to find out what isn't working for you and your business.
Here are five reasons you should be considering replacing or upgrading your current ERP system:
High operation costs can often be a thorn in the side of any business looking to keep pricing as low as possible. Costs for modifications of older systems can become increasingly high; it's important to reassess needs and investigate upgrades to your current system regularly to help save money and keep costs manageable.
If a competitor can provide your clients with a service that's easier to work with, you may want to review your current system for weaknesses and potential improvements. Evidently you may find that the system itself is not at fault but could be limiting your effectiveness in providing the best possible customer service. Ensuring you’re ahead of your competitors by using the right tools is key to growth and future success.
If your ERP system has become slow or challenging to use, it may be time for an upgrade. Lack of functionality for what your organisation requires can have a ripple effect on several other business KPI’s, including profit and customer satisfaction.
Your company is changing and growing faster than your current ERP system can process and support. Whether it's an increase in staff members or the amount of product you supply, having a system that can adequately support this is crucial to continued growth and success.
ERP systems are effective in any industry, but when it comes to keeping up with regulation changes, they're pivotal. For example, Pharmaceutical companies rely heavily on ERP systems to help meet changing product regulations such as FMD and GS1. If your current system is unable to process these requirements, then you may find an upgrade or switch urgently needed.
The team at Oakley ERP are experts in finding solutions for their clients, whatever their business requirements. If you're considering replacing your current ERP system but need some guidance in what the best fit for you and your business could be, talk to the team today on +44 (0)1268 724005, or drop us an email at firstname.lastname@example.org. One of our consultants will be in touch asap.