Frequently Asked Questions About ERP
What is ERP Software?
ERP (Enterprise Resource Planning) is a sophisticated software suite that encompasses all the aspects of running a manufacturing company. ERP enables those running manufacturing facilities to coordinate and plan across their enterprise. A complete ERP system would include such areas as forecasting, marketing, CRM, sales order management, engineering, material and capacity planning, supply chain, finance and accounting, quality control, management of plant assets, post-sale service and repair, and everything else that goes into making things - all on one platform. This creates faster and more accurate coordination across the company, saves time, and avoids having to track down the people who have the information you need. Management gets faster, more complete and more accurate reporting and can react quickly to changes in business.
Some of the questions a good ERP can answer for you are:
How do I know what to build or buy?
What does it cost to make my products?
What Purchase Orders are late?
Where are my bottlenecks?
Who should be working on what jobs on the floor?
How do I know what is on back-order?
What is the status of the jobs on the floor
How do I forecast my future production needs?
and much much, more . . .
For a brief explanation of CloudSuite Industrial ERP,
watch this 2 minute video.
What is the Best ERP Software?
The best ERP Software, is the one that meets your specific requirements and the requirements of your industry. For instance, Infor CloudSuite Industrial (also known as SyteLine) is very strong in the Discrete Manufacturing space.
What most enterprises need is software that has out of the box functionality as well as a way to customize the software to fit their specific business. Industry specific software (which is something Infor has spent quite a bit of time developing and refining) will fit most of your needs as is, without costly programming changes. However, it can still be personalized to fit your business for your unique requirements.
This is where LogicData comes in. As an implementation partner, we not only help to get your ERP installed and running, our experts can also configure and personalize it to fit your particular needs. We are here to see that you succeed with your ERP system and are set up for future growth as well.
How can I determine which ERP is the right one for my company?
To determine which ERP is the correct one for you, you must start with defining your needs, including those that may be unique to your business or market. Your ERP selection should support all the critical functions of your company, be based on current technology and be scalable for your growth.
You should focus on those critical business processes that are outliers. For example, most ERP software will print an invoice, and if you just need run-of-the-mill invoicing you should not spend time on this point. However, if you need to invoice in multiple currencies, or have specialized payment terms, or need different invoice formats for different customers, those are requirements that you should itemize and search for in ERP systems. In other words, what unusual processes or problems do you have into that you are hoping manufacturing software will solve for you?
To help decision makers in this journey, we have written a blog called Steps to a Successful ERP Software Evaluation. You can access that here.
There are several other blogs we have posted to help in your decision making. Feel free to explore our blog page for more information.
I keep hearing about the "Cloud". Should I be using this for my ERP?
To answer if you should move your ERP to the Cloud, you need to understand the different deployment options available and what each provides.
There are three different ways you can deploy your ERP - SaaS (Software-as-a-Service otherwise known as the Cloud), Hosted or on Premise. Each option has pros and cons.
Today the world is moving to Software-As-A-Service. With this model you pay a subscription fee to the software vendor and you access your ERP system over the Internet. The software vendor maintains your software, installs updates, and makes sure the system is secure and accessible. So long as you pay your subscription fee you have access to your environment.
With Hosted or On-Premises, you purchase the software out-right and either load it on servers on your premises or rent space from a hosting provider such as Apptrix or Amazon.
Get this article in the library for more details on these different options and their pros and cons.