The use of the term ‘ERP’ (Enterprise Resource Planning) can get some senior executives and business owners a little nervous. Some recall the implementation failures during ERP’s early days, or the lower than expected returns on the investment (ROI) for some of their peers.
Whatever the reason, since Gartner coined the term ‘ERP’ in 1990, describing the evolution of materials requirements planning (MRP and MRP II) beyond manufacturing into other parts of the business such as finance and HR, the adoption of ERP has been a slow and steady rise across all industries.
Large corporations were the early adopters, but due to reduced technology costs, improved system performance and capabilities, small-to-mid-size businesses are moving (or exploring a move) to an ERP system. This article will discuss some of the ERP trends, rationale for considering a move to an ERP platform, and the best practices to ensure success.
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