Tuesday 9 December 2014

Why ERP is Better

For example, Marvel Entertainment, the owners of comic book intellectual properties like Spider-Man, depends on Oracle Speed up to track their countless licensing and merchandising agreements. In addition to streamlining manufacturing and distribution processes, their ERP technique helped to identify properties that were undervalued. As a result, Marvel executives now know how to maximize ROI on all their intellectual property.

Any company, irrespective of market, requires an integrated solution for human resource management, project management, technique management and accounting. The best Enterprise Resource Planning (ERP) systems will permit leadership to make time critical decisions that directly impact profits.

Within months of the installation of Microsoft Great Plains Dynamics ERP technique, Excalibur Electronics, the executive gift manufacturer, identified a series of minor cost overruns in several product lines. Individually these loses were minor but collectively they amounted to a significant decline in profits. Using this knowledge, Excalibur could substantially reduce overall costs of goods sold and bolster sagging profit margins. Without the reporting capability of the ERP technique, Excalibur would have finally failed.

In another example, T-Mobile deployed the Oracle Speed up technique management solution to discover which European customers were most likely to switch carriers. By integrating these findings in to their Customer Relationship Management (CRM) technique, T-Mobile successfully reduced customer churn with special offers to high value accounts.

In most cases, company leadership has selected to integrate solutions to work together with existing systems. Therefore, an ERP implementation does not need a "start from scratch" mindset. In truth, you can leverage existing know-how investments and integrate them with any ERP technique. With new program modules that offer out-of-the-box functionality and significantly shorter implementation times, ERP is within reach for most companies. When you are prepared to start working proactively (in lieu of reactively) then you are prepared for an ERP consultation.

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