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	<title>Erp123 &#187; ERP Software</title>
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		<title>ROI Would you know it if you saw it?</title>
		<link>http://erp123.biz/roi-would-you-know-it-if-you-saw-it</link>
		<comments>http://erp123.biz/roi-would-you-know-it-if-you-saw-it#comments</comments>
		<pubDate>Fri, 22 Oct 2010 18:55:18 +0000</pubDate>
		<dc:creator>Neil</dc:creator>
				<category><![CDATA[ERP Software]]></category>

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		<description><![CDATA[You have purchased and implemented software, now where is the return! We expect ROI we want it immediately, and we want to see it in the bank, as in higher profits. It’s just not that easy is it?  Many businesses fail to plan for return on investment, and don’t realize how far they have come. [...]]]></description>
			<content:encoded><![CDATA[<h2>You have purchased and implemented software, now where is the  return! We expect ROI we want it immediately, and we want to see it in  the bank, as in higher profits. It’s just not that easy is it?  Many  businesses fail to plan for return on investment, and don’t realize how  far they have come. Others know there profits have risen and the  business is running better but can say with certainty whether it was the  new erp system or not. Why, because they failed to plan for success.</h2>
<p>When you select the vendor and begin down the path of implementation  you must plan for success and establish benchmarks by which to gage it.  Take a snap shot of you business. What are your inventory levels, what  are your lead times, how often do you miss delivery dates. Review your  reasons for purchasing an erp system in the first place, here you should  find a list of pain points you sought to eliminate. Now that you have  your benchmarks and a way to measure success, the rest should be easy.  Not so fast!</p>
<p>Sure you have your benchmarks and now you can see the improvements  but are they enough and more important could they be better. Many  businesses implement their erp systems with the out of the box  functionality and achieve reasonable ROI. However if they and the vendor  work together and identify which business processes they have that give  them a competitive edge, then customize the software to incorporate  those processes ROI will be even greater. The key is in having knowing  your before you start and monitoring it during implementation. Set  targets based on these bench marks and check you progress through each  stage of you implementation so that you can adjust when necessary.</p>
<p>Finally be realistic in you expectations, erp systems are robust and  can be overwhelming for your employees, as you change the parameters of  their day to day tasks. We always recommend a staged approach to  implementation starting with the modules and processes that are in the  most need of improvement. Customize only those tasks that improve you  competitive advantage first over customization blow the budget quickly  and eliminate ROI altogether. Once you have mastered the basic and are  realizing you ROI then you can explore other areas where returns can be  achieved and perhaps more customization if necessary. Remember this is a  joint effort take the time to hash it out with your vendor and  determine what is worth customizing and when standard functionality is  acceptable. Following this approach and the light at the end f the  tunnel will be ROI and not the headlight to a freight train!</p>
<p>Need help? Contact us today <a href="mailto:info@integrateit.ca">info@integrateit.ca</a>.</p>
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