Økonomisk Ugebrev Partner Publikationer 2013 | Page 27

2011 ERP Buyer’s Guide for Medium and Large Manufacturers By Gabriel Gheorghiu and Aleksey Osintsev, Technology Evaluation Centers Business Software Challenges for Medium and Large Manufacturers To address the challenges in today’s business market, medium and large manufacturers often look to their enterprise resource planning (ERP) system, the proper functioning of which affects all aspects of the business nolens volens. These companies need a robust ERP system that can handle complex operations across departments, the exponential growth of data, etc., optimally integrating all aspects of the business into one coherent system to facilitate the entire manufacturing process. Bigger Is Complicated For the purpose of this Buyer’s Guide for ERP for Medium and Large Manufacturers, we define medium and large companies as those enterprises with more than 500 employees and more than $100 million (USD) in annual revenue. Companies of this magnitude usually operate within a multisite or multinational environment, and necessitate a system that addresses their multidimensional reality. It is erroneous to think that large manufacturing companies simply produce many more finished products than small companies in the same industry and that the challenges both types of companies face are proportional to their size. The truth is that the complexity of a company’s operations increases exponentially relative to its size. Larger companies need to manage not only more inventory, sales transactions, people, but also different software solutions, business entities, multiple levels of management, national and international laws and regulations, local cultures, and unwritten rules. The interactions among all parties involved, whether within or outside the company, are so numerous that managing them becomes extraordinarily difficult. To add to the complexity, customer behavior and needs are constantly changing, technology is advancing at a very fast pace, and companies keep accumulating large amounts of data that, if not managed properly, verge on becoming overwhelming. Addressing the Challenges To accommodate the aforementioned changes without jeopardizing their business activities, medium and large companies must address the following challenges: Use of Legacy Systems Large businesses pioneered the first corporate software packages some 30 to 40 years ago, the tools of which were cumbersome, extremely expensive, and only affordable to large organizations. Later on, with the emergence of less expensive and smaller-sized computing devices, organizations and businesses of lower scale started using ERP software. These software remnants, many of which are still being used and are running well today, are referred to as “legacy applications.” Although many users are still satisfied with these legacy systems, companies are finding them increasing difficult to maintain every year and want to build on them—they are incredibly stable, customary, and extremely reliable, but are dramatically outdated, inconvenient, and inflexible. Compliance with Laws and Regulations Businesses must address various compliance regulations and standards (regarding, e.g., areas such as payroll, financials, asset management, training, hazardous materials, as well as local, national, and international rules and regulations) and avoid paying hefty penalties and fines. As medium and particularly large companies often operate in more than one region or country, they must follow the rules of the governing legislation while complying with various security, financial, safety, workforce, and many other local, national, and multinational standards. These regulations are intended for the general purpose of providing a business environment that stimulates and often directs the production of goods and services that are of the highest quality and are safe for consumers, society, and the environment. And, of course, different countries have different regulations. Even in countries with similar general compliance standards, differences in specific regulations exist, as, for instance, in the layout of safety documents or the details included in accounting reports. (Re)engineering Business Processes Businesses must be able to quickly and seamlessly integrate their changing processes (due to changing customer needs and slow reaction from vendors) within their operations to maintain their competitiveness in a fierce market. Business effectiveness considerations can lead to the adoption of the parsimonious production philosophy known as “Lean.” As one area or department of the business changes, with the supporting systems in place other areas or departments can easily follow. In recent years, the ease of accommodating changes to the business environment has become one of the most important capabilities of ERP software for companies of any size and in any industry. This applies particularly to large and upper segments of medium enterprises. There are a few reasons for this. Firstly, businesses often need to be able to perform massive and widely expanded operations or transactions in different ways, depending on factors such as geography, generally accepted business practices in certain locations, or regional regulations. Software systems therefore should have the technical capability to accommodate a variety of procedures that allow for performing the same business process in different ways. Secondly, businesses often face many high-impact changes to their processes. A company has to be competitive and be able IT-Branchepublikation: ERP 2013 27