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HOW TO ACHIEVE ROI ?

Friday, November 18, 2016 2:26
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Some of the ways are listed below..

1. Set the practical and required goal for your ERP implementation. 

2. Aim on people and processes not the technology.

3. Do not underestimate the cost, time and effort required for your  ERP implementation .

4. Understand the finish line for the ERP implementation.

5. Focus on the long term alignment with your business goal.

 

 

1 .Set the practical and required goal for your ERP implementation

An important reason for the failure of ERP is the lack of ability of people is to fast and better adaptation of changes. If you want a successful ERP implementation, the management have a strong commitment and responsibility to bring the new changes and make the employees to accept the changes and the make their mind to adapt with new working habits.

ERP implementation is systematic approach to re organizing and re arranging the business process. Each person in the organization should be aware that the aim of the ERP implementation is to make the business level into high. Hence, everyone should need to work shoulder to achieve the goal. The top management needs to take all-necessary actions to reduce the gap between the new ERP system and your employees then only your work force also streamline with the objective of the ERP implementation. The board of administrators should set practical and sensible objectives and manage practicable expectations throughout the process, which results in achieving the targeted goal of ERP and ROI.

 

2. Aim on people and processes. : -

ERP vendors invest billions of dollars in R & D (Research and Development) processes. Implementation of ERP is not just changing the technology.  Success or failure of the ERP project depends upon how well you handle the business processes and re organize the work behaviour till now and   how well you streamlined the whole processes etc. ,..

It is very important that to let everyone know how the changes affect their work behavior and the benefits. As all know, communication is a key point so you have to consider the feedback and you should give necessary suggestions.

 

3. Do not underestimate the cost, time and effort required for your ERP implementation.

Focus is an important thing same way where were we need to focus is also important. Important focus of ERP implementation is time, money and effort. Majority of the study says that 50 % or more ERP implementation is a failure. Do you know the reason? Because majority of the ERP cases takes more than the expected / estimated money and time. 

While planning for ERP implementation, consult an experienced and expertise vendors like CYBROSYS Technologies. Or else do not take your vendors estimate as the expertise opinion. Go for a second opinion about the time and cost which help you to compare and decide. You must have clear plan about the implementation timeline and major goals achieved from the ERP implementation and you have to share these ideas with your vendor.

 

4. Understand where the finishing line really is.

Successful ERP implementer know where the finishing line is.  Most of the business organizations are dive into ERP implementation with the belief that they are going to implement everything that is necessary for the organizational processes or the things that make sure the organizational growth. However, most of the cases due to insufficient planning, lack of systematic approach, lack of proper estimation of time, money and resources most of them stop the race early and never realizing the desired processes or functionality. The best strategy for the ERP implementation is to find out the key features of ERP and benefits achieved from that and understand that how these features helps to achieve the organizational growth. This knowledge will definitely help you to give proper training for the users. 

 

5. Focus on the long-term alignment with business. :-

As early said, ERP implementation is not only introduce a new technology it is a new work behavior. ERP implementation advances and develops with time. You have to ensure the support from the vendor for training and future customization. Long term alignment is ensured by focusing the continuous development and customization and make necessary changes in business behavior according to the market changes etc.,.

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