Asset Management

Reasons to stick with or develop an ERP business plan

Enterprise resource planning (ERP) is a must for any business looking to improve their overall operations, particularly as the economic outlook becomes more uncertain.
By Ultra Consultants January 12, 2019
Image courtesy: Bob Vavra, CFE Media

Thinking enterprise resource planning (ERP) in 2019? Many manufacturing and distribution teams with are in the process of prioritizing their strategic plans. And many of these enterprises are considering the timing of an enterprise technology project.

When it comes to enterprise technology projects, a robust, modern ERP system is not a “nice-to-have.” It is required to effectively run a business.

Despite the projections for cooling economic momentum in 2019, investing in modern ERP systems to drive business process improvement will pays off long-term. ERP technology is designed to streamline business processes and provide insight into operations, inventory, supply chain, and external market demand.

Many ERP systems automate serial and lot tracking and traceability, as well as swift product recall processes, saving the company time and money. Further, an ERP provides improved control over components inventory. It also provides more accurate demand-planning, streamlined production scheduling, and effective coordination of distribution channels. This enables companies to improve on-time delivery of products, which is a critical performance metric for today’s manufacturers as consumer expectations increase.

Ultra Consultants, a CFE Media content partner, is a leading independent research and enterprise solutions consulting firm serving the manufacturing and distribution industries throughout North America. Ultra delivers enterprise technology expertise and process management to drive business performance improvement for their clients. This article originally appeared on Ultra Consultants’ blog.

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Ultra Consultants
Author Bio: Ultra Consultants, a CFE Media content partner, is a leading independent research and enterprise solutions consulting firm serving the manufacturing and distribution industries throughout North America. Ultra delivers enterprise technology expertise and process management to drive business performance improvement for their clients.