How Well Does Your Organization Handle Big Data?

Data is a key differentiating factor when it comes to enterprise companies. Data analysis can help managers find overlooked prospects and opportunities as well as identify any process or department bottlenecks. However, valuable insights come from proper measurement, and the quality of your data impacts where your organization is putting its efforts. Inaccurate measurements or measuring the wrong thing will lead to the wrong questions being asked, which could leave parts of your business struggling.

According to one study, companies could increase their profits by an average of 15 percent by improving their data quality. This is reason enough for organizations to review the accuracy of data and identify the processes that require optimizing. (https://www.edq.com/uk/resources/papers/global-data-quality-research/)

Do you have dirty data?

businesses could increase profits by an average of 15% if their data were of the highest qualityDirty data is inaccurate, incomplete or erroneous data. With the ability to collect information from so many sources, coupled with the high level of mobile adoption, companies are able to track more information than ever before.

A recent study (https://www.edq.com/uk/resources/papers/global-data-quality-research/) revealed most companies suspect that as much as 26% of the data they have collected is inaccurate. The same study also found that if businesses collected the highest quality data possible, it would result in an average of 15% increase in profits. That is a significant number for any organization.

It is important to evaluate your organization’s data proficiency and take steps to improve the quality of information collected. This includes knowing what data currently exists, how it’s being tracked, who can access, and what redundancies are in place. Understanding and making even minor improvements will impact your bottom line.

Do You Know How To Leverage Your Data?

Organizations have more information available to them now, than at any point in recorded history. Data management, and the integration of quickly evolving technologies, continue to provide businesses with access to an unsurmountable amount of information about their teams, processes, and clients.

The flip side of the coin is that many leaders don’t know how to work with the vast amount of data collected. An intelligent data accumulation in your ERP solution and a comprehensive set of reporting and information tools will provide real-time views into the key metrics of your business and empower your personnel with relevant and meaningful insights. In turn, you will be able to ask the right questions and find accurate data to help make better decisions.

The team at Logi-Solutions will ensure that your teams understand the importance of data, how to analyze it and provide the tools necessary to help find and identify key data points in your organization.

How to Effectively Implement an ERP

What may already look like a massive undertaking can have an even larger impact on your business. Through diligent research, careful planning, strong leadership and a reputable implementation partner, your company can improve productivity and decrease costs through a successful ERP implementation.

Review and Evaluate Your Business Processes

Whether implementing an Enterprise Resource Planning (ERP) solution for the first time or upgrading from an outgrown system, your team and the Logi-Solutions experts must have a clear understanding of the project requirements. With a clear comprehension of the processes that run your business, how they work and how the ERP will facilitate those processes, we will configure the solution that will deliver the most effective results or your organization.

Additionally, we will spend time to review these processes with your team to ensure that everyone on the team, both internally and externally are fully informed and nothing is missed. Once the review process is complete, the Logi-Solutions team will apply these findings to create the best and most cohesive solution.

Define Project Ownership and Project Management Responsibilities

It is critical to clearly define and delegate responsibilities at the beginning of the implementation process. Your internal team and the Logi-Solutions implementation team will be required to fulfil key responsibilities for the project to be a success. It’s important to carefully examine and understand the roles of the project manager and project coordinator within the context of the ERP system implementation. Ownership of each step in the process will help ensure that the new system will achieve the desired results.

Factor in Change Management

It is also important to manage personnel during the implementation of an ERP. Change Management should be recognized as a primary process for leveraging the return on your investment. The best practices in your new ERP system will require that your employees are well informed and motivated to take on the new system. There are many different approaches to Change Management. Some have their roots in simplicity, while others insist on complex formulae to achieve the best results. The key is to be aware of the options and select what is best for your organization.

If this is the first time you are trying to proactively manage change, don’t worry because Logi-Solutions will review and reinforce that the processes created are valid and effective for your business.

Educate Your Users

The users are at the heart of your ERP. Your company can optimize workflow, re-define processes and implement a new system but if your employees lack the knowledge and understanding necessary then the system will not reach its full potential. Education will help overcome any fear staff may have, increase user buy-in, and improve the productivity and adoption of the new system.

There are many other factors that contribute to successfully implementing an ERP. Clearing defining the match between business processes and software functionality, keeping open communication channels, clearly defining roles, managing changes, and educating your users on the new system are a few key steps that will put your business on track for a successful implementation project.

Here at Logi-Solutions, we have the knowledge and years of real world experience to help make your business leverage ERP to its maximum potential and make it your competitive advantage.

Why should your business consider an ERP?

Enterprise Resource Planning, commonly called ‘ERP’, is the complex computer system and software that an organization uses for business processes. These include processing customer orders, scheduling operations, keeping financial data, inventory and warehouse management, as well as analyzing the efficiency of operations and resources.

ERP can drive huge improvements in the effectiveness of an organization. With a number of different ERP providers, it’s crucial for companies to select the right one along with the right vendor that can implement the optimal set of solutions. Over the last couple decades, ERP software has been widely adopted and proven as a cornerstone for distributors and manufacturers across the globe. Simply having an Enterprise Resource Planning software is no longer an advantage. The advantage comes from having an ERP that is effective, efficient and optimized for the specific needs of your business, your people and your clients.

Efficiency

Perhaps the biggest benefit to implementing ERP software is enhanced efficiency in processes throughout a company. When communicating and tracking between multiple departments, time is lost in transferring and confirming information. Automating certain processes enables the number of systems performing the same tasks to be reduced and limits data input which improves accuracy, making the whole business run more efficiently.

Reduced Costs

ERP implementation reduces the costs by helping employees become more productive and spend less time on data input, allowing them to focus on servicing clients and generating profit. Companies which are able to operate on lean principles are better able to grow in today’s economy.

Consistency

With a single automated system, the company operations become more consistent. That is because employees do not need to learn multiple systems to perform their duties. It also makes it easier to cross train employees. This results in much greater customer satisfaction through better communication, scheduling and service.

Accuracy

ERP software eliminates the need to enter data multiple times. Automatically passing data between departments reduces the likelihood of human error. As a result, less time is spent on verifying data accuracy and correcting errors. Instead, that time can be focused on the elements that grow your business.

Insight

A comprehensive ERP solution will provide your organization with invaluable insights into how well the business is running. Using a single system across your company allows for the ERP to easily review everything from financial data, gauge performance, leverage internal opportunities, correct shortfalls, and see underlying patterns and trends.

Improving and understanding the efficiency of your organization is key in maintaining a competitive advantage in today’s marketplace. The ability to reduce costs, increase productivity, improve quality, enhance customer service and satisfaction are the core benefits of implementing an ERP in your business.

These are just some reasons why ERP implementation can help your business. Click here to see how Logi-Solutions and SYSPRO work together.