ERP systems can be a huge investment for a manufacturing company. With the market today, it can be a daunting challenge finding a new one that is right for your business; one that will return the value you want and expect. Every company is unique and there is no single indicator that says you need a new ERP system now. Because let’s face it, nobody really likes change, but here are 5 signs that you might want to consider getting a new ERP system.
You Don’t Have Convenient Access to Information About Your Business
If someone asked you what your sales to date are or what your material costs this week are, would you be able to answer in a timely fashion? What about open orders, workloads, inventory locations, shipping orders, accounting information? The pace of business is faster than ever before, which means your employees need immediate access to important data. This information can prevent problems and disruptions long before they happen.
Are you having trouble scheduling production correctly? Is it difficult to know if you have the correct materials on hand and the important resources available? Do you lack a true visibility into your production processes? These can cause timely delays in production that can raise costs and miss production deadlines. The inefficiencies hurt the bottom line and can cause you to lose your competitive edge, or worse, lose a valuable customer.
Your Business Has Matured
Is your business growing? Did you just win a huge manufacturing contract? Are your systems falling behind and unable to keep up? Managing growth is hard enough and your old systems should be helping with that growth and management, not hurting it.
Your System Doesn’t Play Well with Others
Does your accountant have to manually punch away entering information from spreadsheets? Do sales, purchasing, and production spend more of their time transferring information from system to system than their actual jobs? The lack of included functions and integration of old ERP systems is extremely inefficient and costs valuable time. Today, it is all about how well you connect to customers, vendors, partners, and even your own employees.
Do you have trouble maintaining accurate inventory counts? Do your physical counts rarely match the perpetual inventory records because there is no system to enforce transaction processes? Not only is this an accounting issue, but it messes with production efficiency since parts and final products aren’t available when you need them. This causes delivery delays that upset customers. Upset customers don’t send repeat orders, so poor inventory accuracy negatively affects revenue.