Streamlining a business is no easy task. The bigger the size of the business, more complex will be the entire streamlining process. ERP for project-based business is considered for enhancing the business processes of organisations operating in the construction industry. Let’s explore the various factors that you need to think about while preparing for ERP implementation. 1. A clear vision for the business If you are planning ERP implementation because your competitor has done it then that’s great. However, merely imitating your competitor is not going to help your business. You need a clear business plan as well as a vision for reaping the benefits of ERP software. Here are few tips to get you started: · Define your business goals and what you would like to achieve with ERP software. · Note down the benefits and costs involved in ERP implementation. · Make a list of all the goals you would like to achieve in the short term and in the l
ERP software is being used by several industries for process automation. For project-based businesses, ERP solves challenges that lead to an increase in the profitability of the projects. New trends have emerged in the ERP industry which serves the project-oriented construction sector. To thrive and survive in a competitive market,adapting to changing trends becomes necessary for businesses. Let’s talk about seven recent trends connected with ERPfor constructions and related businesses: 1. The rise in use of ERP by SMEs More and more Small and Medium Enterprises (SMEs) are migrating to ERP solutions. Earlier, the myth that ERP is suitable only for big companies had kept the SMEs away from considering ERP software. With growing competition in the market and inefficiencies affecting scalability, ERP solutions are being explored by SMEs. SMEs have realised the benefits of ERP implementation to minimise costs and boost productivity in their organisations. In the construc