How to Select the Right ERP System For Your Particular Business
An enterprise resource planning (ERP) solution is a system designed to handle key components of a business. This includes sales, compliance, accounting, and more. In the past, manufacturing and distribution providers used these solutions to manage their supply chain.
Today, however, more industries are adopting this technology to help with accounting and financial requirements. In fact, many providers now offer industry-specific programs. What should a company look for when selecting an ERP for its organization?
Determine What Is Needed
Before selecting an ERP system, determine what is needed in the solution. When doing so, consider existing pain points along with future needs. Financial reporting needs to be timely and accurate, while analytics and data must offer flexibility when it comes to production, sales, and procurement.
Look for an intuitive program to reduce the need for training and determine which processes can be automated. Some companies need their sales orders and job costing to be automated. Other companies focus on whether the program can help with supply chain management.
In addition, consider whether the program needs to be mobile-friendly. Many companies benefit from workers having access to the program while out in the field. Many ERP solutions today offer a mobile option for these organizations.
Compatibility and Integration
The goal of an enterprise resource planning system is to bring different processes together to create a single stream of information. This makes it easier to manage the information coming into the business. To do so, the system must integrate with existing programs to allow this flow of data.
If one or more programs aren’t compatible, the business must rekey processes. This increases labor costs and the risk of errors while reducing data integration.
Before purchasing an ERP solution, check its compatibility with existing systems and software programs. Ensuring the programs are compatible and will easily integrate makes the process of moving to the ERP system easier.
Choose a group of individuals to compare programs. Bring people together from different departments to learn how the adoption of each program will directly affect their work. This ensures nothing is overlooked during the selection process.
Companies often make the mistake of asking managers to oversee this process. However, it is the people who use the system every day that have the most insight into what works for their department and what doesn’t. Each manager should also ask for feedback from all employees in their department to learn what they feel will be of the most benefit in a system of this type.
Provide the selection team with a budget. With many programs to choose from today, it’s easy to get caught up in the latest features. By establishing a budget early in the process, the company helps the team narrow down the available choices.
Task the team with considering all aspects of the program cost. Often, a team focuses on the purchase price and neglects other key elements. Have them learn how much it will cost to implement the program and how much the organization will spend maintaining it. These factors need to play a critical role in the overall decision-making process.
Companies find the ERP solution is an investment. It becomes the backbone of the organization, and employees will come to rely on it when doing their work. For this reason, the right solution must be selected. Never rush the process, as doing so could lead to choosing the wrong program, which no company wants.
Khalil ur Rehman is a proud born and raised in Abbottabad. Khalil has worked as a journalist for nearly a decade having contributed to several large publications including the Yahoo News and The Verge. As a journalist for The Hear Up, Khalil covers climate and science news. [email protected]
quantum wormholes United Kingdom has potentially figured out
Vice reports that a physicist working at the University of Bristol in the UK has potentially discovered quantum wormholes. Researcher Hatim Salih has proposed an experiment that makes a type of teleportation called “counter-transportation” realistically feasible. However, this isn’t exactly the Star Trek transporter many sci-fi fans have dreamed of over the years. Here’s everything you need to know about Salih’s quantum wormhole experiment.
Salih’s quantum wormhole is a huge scientific breakthrough.
The general theory of relativity of the famous scientist Albert Einstein affirms that hypothetical “bridges” are possible between two points in space-time. However, since 1935, when Einstein presented his theory, the existence of wormholes has been purely hypothetical. However, Salih’s experiment paves the potential way to achieve the longstanding goal of traversing a rift in space-time.
Counterportation comes from “counterfactual” and “transportation” and while similar to teleportation, the two terms are not synonymous. “Counterportation gives you the end goal of recreating an object in space,” Salih said. “[B] but we can make sure nothing happened.”
Although unfortunately, for Salih to achieve true counterportation, they’ll have to wait a few years. The quantum computers necessary to perform the task don’t exist yet in 2023. “If counterportation is to be realized, an entirely new type of quantum computer has to be built,” Salih said. However, development is underway, and Salih hopes to complete it in three to four years.
Wormholes are a classic trope of science fiction in popular media, if only because they provide such a handy futuristic plot device to avoid the issue of violating relativity with faster-than-light travel. In reality, they are purely theoretical. Unlike black holes—also once thought to be purely theoretical—no evidence for an actual wormhole has ever been found, although they are fascinating from an abstract theoretical physics perceptive. You might be forgiven for thinking that undiscovered status had changed if you only read the headlines this week announcing that physicists had used a quantum computer to make a wormhole, reporting on a new paper published in Nature.
Let’s set the record straight right away: This isn’t a bona fide traversable wormhole—i.e., a bridge between two regions of spacetime connecting the mouth of one black hole to another, through which a physical object can pass—in any real, physical sense. “There’s a difference between something being possible in principle and possible in reality,” co-author Joseph Lykken of Fermilab said during a media briefing this week. “So don’t hold your breath about sending your dog through a wormhole.” But it’s still a pretty clever, nifty experiment in its own right that provides a tantalizing proof of principle to the kinds of quantum-scale physics experiments that might be possible as quantum computers continue to improve.
“It’s not the real thing; it’s not even close to the real thing; it’s barely even a simulation of something-not-close-to-the-real-thing,” physicist Matt Strassler wrote on his blog. “Could this method lead to a simulation of a real wormhole someday? Maybe in the distant future. Could it lead to making a real wormhole? Never. Don’t get me wrong. What they did is pretty cool! But the hype in the press?
The success of this experiment could change the field of physics forever.
Additionally, Salih posits that this work is tantamount to the particle acceleration work at the European Organisation for Nuclear Research (CERN). “This work will be in the spirit of the multi-billion ventures that exist to witness new physical phenomena,” Salih said. “[…] But at a fraction of the resources.”
The ultimate goal of the quantum wormhole experiment is to “explore fundamental questions about the universe,” Salih says. And if successful, the experiment could allow scientists to research “higher dimensions.”
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