Driven by the continued success of enterprise tools and new solution providers, the global ERP market will grow to $50.3 billion by 2015, according to projections from Forrester Research.
But an ERP implementation alone isn’t enough, an article on Toolbox.com explains. To be successful, the solution must address all critical areas of the business, from research to marketing and everything in between.
That’s because companies are more centralized today than ever before. Companies used to have departmental buying. In other words, they had a distribution solution, a manufacturing solution and an accounting solution.
In today’s world, all aspects of the business need to have a single source of truth running the entire business for full visibility and to plan appropriately. That’s the best way to understand where the business is going and what changes must be made to perform better. It’s also essential that the ERP solution be highly scalable so that it can grow with the business.
The Toolbox.com article highlights a pair of very successful ERP solutions, both at large enterprises.
Twentieth Century Fox relies on its ERP system to coordinate more than 8,000 employees and contractors. The system also must keep on top of other resources to meet tight production schedules.
The U.S. Navy, with more than 300,000 employees, uses a robust ERP solution to keep the department’s system of record running. The Navy’s ERP system provides detailed data on supplies to Navy officials across the globe.
ERPs aren’t just useful on a global scale, however. They also can scale down to function at the mid-market and small business level. Some products are designed to work with businesses that have as few as five employees, the article notes.
That’s why ERP is becoming a popular solution for global enterprises and one-office businesses alike.
Source: Toolbox.com, November 2012