Enterprise Resource Planning (ERP) systems are great for managing, developing and streamlining essential business processes. If your company’s current ERP system is not up-to-date with all the new technological advances, like artificial intelligence, it may be time to replace your existing ERP to a more enhanced system designed to meet the challenges of manufacturing in the 21st century.
Many businesses whine that they don’t have enough time to switch from their current ERP system. Let’s face it; there’s never a good time to switch or upgrade! You will always find some obstacles keeping you from doing so. Nevertheless, do you know, working on an outdated ERP system has numerous disadvantages.
For those of you who need a bit of understanding on when to replace your outmoded system, here are the five signs telling you it’s time.
1. Your ERP System Lacks Adaptability and Agility
Your ERP system needs to be adaptable for your business to keep pace with changes in the industry. Keeping up to the industry developments is crucial if you wish to see your business continue to thrive and succeed.
When your ERP system lacks adaptability, you should look out for forewarning signs such as the inability to meet regulations, diversify your business, or expand into new territories.
2. Unavailability of Real-Time Information
Digging through your years of collected data for up-to-date information is tiresome and time-consuming. This process can slow down your decision-making. With all the latest Business Intelligence capabilities available in data-driven environments, it will be imperative to add the value of interpretation to your data. In real-time, you should be able to decide which business processes are working for you, and which ones are not.
3. Employees Are Mobile, and Information Needs to be, too
It is important to have mobile features to access your real-time business data. With BYOD (Bring-Your-Own-Device) culture making its way into the workforce environment, it’s a great time to capitalize on this. Not only this, but the mobile functionality will allow your employees to have access to real-time information from anywhere in the world which will help your company to grow even more faster. Therefore, if your current ERP system doesn’t have mobile features, it’s time to switch to one that does.
4. You’re Unable to Capitalize on Industry and Technological Innovations
Enterprise technology is changing at rapid speeds, leaving industries in an uncomfortable period of change that will accelerate over the next few years. To embrace these technological advances, you need to able to control development while limiting disruption. If your current ERP system doesn’t integrate or utilize the latest technology, you’ll find the new technology more disruptive than helpful.
5. You Are Unable to Fulfil Your Customers’ Needs
Customers, suppliers and partners – everyone needs direct access to information related about inventory. Legacy ERP systems are unable to have multiple users access the system and thus are not 100% capable of providing customer service type needs. If you are unable to provide these functionalities to your customers, they might choose to switch to your competitors.
If your company is struggling to remain competitive, you may need to invest in a new ERP system NOW.
Interested to know more?
Join us on December 18, at the Best Western in Mississauga, for our exclusive seminar – Implementing ERP in 2019. Click the button below to know more about this event.