ERP Strategy Selection: Choosing The Best Approach

People choosing options symbolizing ERP strategy selection

Naturally, ERP strategy selection is a crucial step. Implementation can take many forms. For instance, we already covered 4 primary methods. But, not all methods work for all companies.

Today, we’ll teach you how to choose a method. There are 4 vital considerations. So, let’s see what they are.

Why does ERP strategy selection matter?

These days, we have countless possibilities. ERP implementation can use conventional tactics. But, you can also use innovative strategies. For instance, real-time data migration is a promising approach.

But, that doesn’t mean it’ll work for you. The key lies in knowing what will.

4 crucial ERP strategy selection criteria

NetSuite details 4 strategy selection pillars. Of course, these are only the basics. You might add more factors if needed. Yet, that won’t be true for everyone. So, let’s dive into the foundations.

Organization size

Your company’s size will be the main factor. Now, that’s true for your employee numbers and operations. Smaller firms benefit more from big bang implementation. But, larger companies have more to lose. So, you should take a more careful approach.

Risk tolerance

Secondly, risk tolerance is vital for any investment. With ERP, that holds from selection to installation. Typically, the faster strategies are also riskier. So, a big bang approach is bad if you must work 24/7.

Return on investment pace

Ideally, your ERP software must boost your revenue. Yet, it won’t do so instantly. Installation methods can delay or speed up this rate. So, consider how quickly you need your money back. Again, faster methods tend to be riskier.

Costs

Finally, different strategies have diverse expenses. For instance, big bang approaches cost less. That’s because you won’t run two systems at the same time. But, consider the experience (and its costs) necessary for it as well.

How to succeed at ERP strategy selection

Yes, ERP strategy selection is complex. Still, it’s a vital step to make the most out of ERP. Getting it wrong can increase your costs needlessly.

With the guidelines above, you can choose effectively. But, it also requires expertise. That’s where Zero Point comes in.

For all questions, we’re offering a free consultation. Book yours today!

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Zero Point ERP Solutions

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