- Lessons Learned: ERP Failure - ERP system implementations fell off the grid during the recession; however, I've seen resurgence in the last year. Companies are thinking about investing again. However, although businesses are picking up, they are by no means out of the woods – every dollar invested must provide a solid return.
Implementing a new ERP system can provide you with upgraded tools to run your business or it can devastate your business – it all depends on the effectiveness of your ERP selection and implementation processes. It is not nearly as simple as it seems. Unfortunately, in my experience, 80% of the time, it fails to achieve the expected results. Worse yet, I've seen some horrific customer service impacts. Thus, when you choose to implement an ERP system, it's worth taking into consideration the lessons learned from failures.
- Increasing Cash Flow Through Supply Chain Improvements - As we are emerging from the recession, we are by no means returning to the high growth days of the past. Instead, the new normal is here to stay - slow growth for those who stay ahead of the curve, tight cash flow and customer demands at a high point. Thus, accelerating cash flow is a key to success in this environment.
- Driving a Winning Culture? – Don’t Forget Your Suppliers - Often, when companies talk about “cultural change”, they are referring to changes in the internal culture of their own enterprise; i.e. empowering its employees to make decisions related to problem solving and process improvement, using the formal system in place of its informal systems, or an un-relenting commitment to quality. But what about the external
- Crisis Brings Real Change - The current recession has thrust many companies and individuals into crisis – at a minimum, plans have been put on hold, and in many cases, it has been the worst crisis experienced since the Great Depression (if the company has been around since then). This crisis has caused many companies and individuals to do the
- Implementing a New System in a Recovering Economy - In preparing for recovery, companies need to start to look at implementing new business systems. But, with limited resources and capital, many companies may decide to defer this decision to a time when “things are better”. What these companies fail to recognize is that there may be no better time than right now to start