Enterprise resource planning (ERP) systems provide needed business information and intelligence to execute business strategy.
The goal is to select and implement the right ERP system matching business requirements to support the ability to execute business strategies that will make the organization successful and to get a better return on investment (ROI).
Selecting a ERP system that best suits organizational needs is tricky and overwhelming. Many executives jump at the first solution they see and wind up disappointed. Not every ERP system may be right for your business – or business processes. Best in class is not always the best solution.
As in any project plan, a detailed and methodical process makes success more probable. A plan for selection and purchase of new ERP software is no different than any major project being undertaken by an organization. It requires a significant investment of time and resources, requires the involvement of the entire organization, as well as considerable research, planning, and reevaluation.
The ERP selection process is important for future ERP implementation and execution success. The best practice for selecting the best ERP system for your organization and business processes is to follow a systematic, structured, and well-executed selection process.