Generally, industries or organization use ERP for centralization and operational consolidation. They do not have any long-term plan about ERP and sometimes they are not aware about it. They cannot utilize ERP to its full potential. Therefore, ERP does not have a proper set of data for business planning and forecasting.
There are another number of reasons why the industry is not able to utilize ERP to its full potential. Some of the most common reasons include:
1) ERP is a solution not a service – ERP provider and Industry mostly discuss on service and cost. So, both parties not put much focus on industry told and un-told problem.
2) ERP planning as per legacy other approach – In general Industry ERP planning based on his old legacy approach. Industry didn’t give much focus on vision and business trend.
3) Unrealistic expectations – Some companies have unrealistic expectations about what ERP systems can do. ERP systems can be powerful tools, but they are not a magic bullet.
4) Unmatured ERP solutions – Some case ERP suggest solutions is not much mature as per demand. So, ERP are not able to fulfil basic requirement.
5) Poor Planning – During implementation phase Industry and ERP service provide doesn’t draft robust plan, then deployed system will not able to face all business operation effectively.
B2Grow Suggest some solutions which help turn industry into data driven
1) Industry must have ERP vision – B2grow suggest industry first step must have clear ERP vision. When developing an ERP vision, it is important to consider the following factors:
- The organization’s business strategy: The ERP vision should be aligned with the organization’s overall business strategy.
- The organization’s current state: The ERP vision should take into account the organization’s current state, including its existing systems and processes.
- The organization’s future goals: The ERP vision should reflect the organization’s future goals and objectives.
2) Proper business strategies – Proper business strategies are essential for the success of any business. ERP process should reflect business strategies approach for planning and forecasting. Here are some tips for developing and implementing proper business strategies:
- Start with a clear understanding of your business and its goals.
- Analyze your target market.
- Identify your competitive advantage.
- Develop a plan for growth.
3) Business challenge planning – B2Grow suggest initially industry must plan all predictive and unpredictive business challenge with suggestive solutions. Industry can discuss some expert to plan all this case. Industry must consider following strategies for draft business challenge during ERP planning
- List of Predictable Business challenge with solutions
- List of Unpredictable Business challenge with solutions
- Associate risk and it’s prevention
4) Data planning – Effective data planning provide strong base for analysis. Industry must have next 5-year vision, it will help to create data planning to achieve industry vision. Data planning for ERP should consider following activity
- Industry business policy to meet its vision
- ERP data format
- Define common data format which fulfil industry vision requirement and ERP data format requirement
5) Data science – Data can’t do anything alone. It is useful when it is available on presentable format. Data science is a technique which display data in useful manner. If industry are considering using data science in ERP system, there are a few things you should keep in mind:
- Start with a clear understanding of your business needs.
- Identify the right data.
- Invest in the right tools and resources.
6) ERP selection – ERP selection is a crucial factor which play import role in ERP success and ERP data drive approach. ERP selection should consideration following point
- Functionality: Does the ERP system have the functionality that the organization needs?
- Ease of use: Is the ERP system easy to use?
- Scalability: Can the ERP system scale to meet the organization’s future needs?
- Integration: Can the ERP system be integrated with other systems that the organization uses?
- Eco System: Does ERP have strong eco system?
- Development time: Which ERP cover all requirement in minimum customization?