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Enterprise Software Selection
Friday, September 5, 2008
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Basics of ERP Evaluation

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Terms Related to ERP Evaluation:  ERP Evaluation Terms

business software, crm, ecommerce, software management, accounting software, erp, finance software, inventory software, project software, supply chain, supply chain management, web development, billing software, business accounting software, business management software, construction software,

pointer  Selecting the right ERP software can get you on the right track: Do you know that the majority of ERP software acquisitions fail within 3 years because the selected solution does not fit the initial requirements?

That is the reason why you should use the industry approach for ERP software selection. Indeed, by leveraging our Request for Proposals (RFP) templates, you can now compare side-by-side and impartially technology solutions like ERP, CRM, SCM, PLM, and lots of other enterprise software. Get your ERP Evaluation RFP templates "ERP Evaluation RFP Templates".

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What is ERP?

Enterprise resource planning (ERP) software unifies traditional management functions within a coherent, integrated system.

These management functions may vary from product to product, but comprehensive ERP software applications encompass the following areas:

  • sales
  • marketing
  • human resources
  • customer care
  • finance
  • manufacturing
  • supply chain management
  • IT management

The integration of so many management aspects means that sophisticated planning is required for ERP evaluation and implementation. An ERP evaluation process for an SMB can be planned and delivered within three months; however, a complex implementation for a large company can take years.

 
The goal of ERP is to replace islands of information with coherency across the organization.
 

While many ERP systems are applied to non-manufacturing environments, many others provide the specialized functionality required by different manufacturing industries.

Discrete ERP systems, for example, typically address the manufacturing of distinct items, such as auto parts or chairs. Process ERP systems, on the other hand, address issues for mixing, separating, forming, or performing chemical reactions (as for paint manufacturers or refineries).


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pointer  Why An Effective ERP Evaluation Process is Vital

ERP systems can boost your bottom line. But an ineffective ERP evaluation and implementation can bring a company to its knees.

  • Due to problems with an ERP module rollout, medical care product manufacturer Invacare reported a $30 million (USD) shortfall for the fourth quarter of 2005.
  • Grainger, a Fortune 500 distributor of manufacturing supplies and spare parts, lost $19 million (USD) in sales and $23 million (USD) in earnings during the second and third quarters of 1999. The culprit: Grainger's new ERP system, which was counting more products than were actually on hand in the company's warehouses.
  • In 1999, Hershey launched a $112 million (USD) dollar ERP system. Because of various implementation snafus, Hershey was unable to effectively ship its products to retailers for Halloween and Christmas of 1999. The result: a 19 percent drop in 1999 Halloween candy sales, and a 12 percent drop in 1999 revenue overall.


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pointer  The Top 10 Benefits of ERP

pointer  Selecting the right ERP system can get you on the right track:

  • efficient handling of order processing and production scheduling
  • management and analysis of business processes within an interactive environment
  • synchronization of activity within departments
  • the ability to monitor, share, and track information throughout the organization
  • accurate records of warehoused goods
  • dynamic control of raw materials purchasing
  • data entry process automation
  • harmonization of order entry, quote processing, and reporting
  • reduction of assembly-line downtime, inventory carrying costs, and production costs
  • maximum value from company resources and equipment

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Discrete ERP Evaluation - Software Evaluation Criteria Outline

The following is the complete outline for Discrete Manufacturing ERP software evaluation criteria.

Alphabetical Listing

1.0 Financials
  1.1 Accounts Payable (A-P) (235 features and functions)
  1.2 Accounts Receivable (105 features and functions)
  1.3 Budgeting (65 features and functions)
  1.4 Cash Management (16 features and functions)
  1.5 Cost Accounting (49 features and functions)
  1.6 Financial Reporting (35 features and functions)
  1.7 Fixed Assets (89 features and functions)
  1.8 General Ledger (314 features and functions)
  1.9 Project Accounting (51 features and functions)
2.0 Human Resources
  2.1 Benefits (24 features and functions)
  2.2 Data Warehousing (13 features and functions)
  2.3 Employee Self Service (22 features and functions)
  2.4 Health And Safety (11 features and functions)
  2.5 Payroll (70 features and functions)
  2.6 Personnel Management (122 features and functions)
  2.7 Training (26 features and functions)
  2.8 Workforce Management (147 features and functions)
3.0 Inventory Management
  3.1 Adjusting Inventory (8 features and functions)
  3.2 Data Requirements (12 features and functions)
  3.3 Forecasting (52 features and functions)
  3.4 Inventory Management Online Requirements (29 features and functions)
  3.5 Locations And Lot Control (20 features and functions)
  3.6 Processing Requirements (28 features and functions)
  3.7 Reporting And Interfacing Requirements (Inventory Management) (9 features and functions)
  3.8 Reservations And Allocations (26 features and functions)
4.0 Manufacturing Management
  4.1 Field Service And Repairs (119 features and functions)
  4.2 Product Costing (105 features and functions)
  4.3 Product Data Management (PDM) (68 features and functions)
  4.4 Production Planning (297 features and functions)
  4.5 Product-Item Configurator (38 features and functions)
  4.6 Project Management (36 features and functions)
  4.7 Shop Floor Control (385 features and functions)
5.0 Product Technology
  5.1 Application Tools (21 features and functions)
  5.2 Architecture (256 features and functions)
  5.3 Platforms (33 features and functions)
  5.4 Reporting (4 features and functions)
  5.5 User Interface (7 features and functions)
  5.6 Workflow And Document Management (6 features and functions)
6.0 Purchasing Management
  6.1 Management Of POs (25 features and functions)
  6.2 Online Requirements For Purchasing Management (14 features and functions)
  6.3 Pricing (13 features and functions)
  6.4 Procurement Reporting And Online Reporting (24 features and functions)
  6.5 Profile Of Suppliers (12 features and functions)
  6.6 Purchase Orders (POs) (63 features and functions)
  6.7 Rating Of Suppliers (13 features and functions)
  6.8 Receipts For Procurement (30 features and functions)
  6.9 Repeat Procurement (19 features and functions)
  6.10 Reporting And Interfacing Requirements For Purchasing Management (18 features and functions)
  6.11 Requisitions And Quotations (13 features and functions)
  6.12 Vendor Contracts And Agreements (16 features and functions)
7.0 Quality Management (29 features and functions)
8.0 Sales Management
  8.1 Available to Promise (ATP) (10 features and functions)
  8.2 Customer Relationship Management (CRM) And E Commerce Requirements (23 features and functions)
  8.3 Customer Service And Returned Goods Handling (29 features and functions)
  8.4 Online Requirements (Sales Management) (42 features and functions)
  8.5 Pricing And Discounting (77 features and functions)
  8.6 Reporting And Interfacing Requirements (Sales Management) (49 features and functions)
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Total Features and Functions: 3472
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TEC's ERP Evaluation Media Center

ERP Evaluation Related White Papers

Technology Evaluation Centers - How Kelly Moore Paints Simplified ...

by Technology Evaluation Centers
Industry:
How Kelly Moore Paints Simplified Its Erp Software Evaluation
and Selection by Technology Evaluation Centers. ...
http://whitepapers.technologyevaluation.com/view_document/7666/How-Kel... - 6k - 2008-05-15

Technology Evaluation Centers - How Does Your ERP System ...

by Technology Evaluation Centers
Industry:
... Find out now, in TEC’s 2008 Market Comparison Report. Releated Categories: Enterprise
Resource Planning (ERP). Vendor: Technology Evaluation Centers.
http:/.../8685/How-Does-Your-ERP-System-Architecture-Address-Change.html - 6k - 2008-07-09

Technology Evaluation Centers - TEC's 2008 Mid-market ERP ...

by Technology Evaluation Centers
Industry: Manufacturing
Tec's 2008 Mid-Market Erp-Distribution Buyer’s Guide by Technology Evaluation Centers. ...
http:/.../8166/TECs-2008-Mid-market-ERP-Distribution-Buyer’s-Guide.html - 7k - 2008-05-15


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ERP Evaluation Related Articles

What Is ERP, Anyway? » The TEC Blog

... The integration of so many management aspects means that sophisticated planning
is required for ERP evaluation and implementation. ...
blog.technologyevaluation.com/blog/2007/11/26/what-is-erp-anyway/ - 37k - 2007-11-26

Discrete ERP 101 » The TEC Blog

... manufacturing as well.). See TEC’s Discrete ERP Evaluation Center for more
on the business benefits of discrete ERP applications. If you ...
blog.technologyevaluation.com/blog/2008/03/14/discrete-erp-101/ - 33k - 2008-03-14

ERP Showdown—Round 2! Exact Macola ES vs. Infor SyteLine vs. QAD ...

by Dylan Persaud
... Once again, we used &openerURL=','Evaluation_Center')" target="EC">TEC's ERP
Evaluation Center to look at all eight standard ERP modules. ...
http:/.../ERP/2007/04/research_notes/VS_ER_DP_04_11_07_1.asp - 12k
Summary: I'm Dylan Persaud, senior analyst at Technology Evaluation Centers. Due to the overwhelming response to our first ERP Showdown, we're pleased to present another head-to-head discrete enterprise resource planning (ERP) comparison. Here, then, is ERP Showdown, Round 2!—featuring Exact Macola ES vs. Infor


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ERP Related Vendors

TEC: Mining Enterprise Resource Planning (ERP) Evaluation Center

... Compare and evaluate mining ERP systems and vendors using impartial online
resources from Technology Evaluation Centers (TEC). ...
http://erp.technologyevaluation.com/mining/index.asp - 50k - 2007-11-26

TEC: Enterprise Resource Planning (ERP) Evaluation Center

... Compare and evaluate enterprise resouce planning (ERP) systems and vendors using
impartial online resources from Technology Evaluation Centers (TEC). ...
http://erp.technologyevaluation.com/index.asp - 65k - 2007-11-26

TEC: Enterprise Resource Planning (ERP) for Services Evaluation ...

... Compare and evaluate services ERP systems and vendors using impartial online resources
from Technology Evaluation Centers (TEC). ... What Is ERP for Services? ...
http://erp.technologyevaluation.com/services/index.asp - 51k - 2007-11-26


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ERP Software Evaluation Reports: Related Request-For-Information (RFI's)

Enterprise Resource Planning (ERP) Software Evaluation Reports

... The discrete enterprise resource planning (ERP) knowledge base addresses discrete
manufacturing (distinct items such as auto parts or chairs) as well as non ...
http://rfp.technologyevaluation.com/rfi.asp?catid=ERP - 31k - 2007-12-04

Discrete Manufacturing (ERP) Software Evaluation Reports

... The discrete enterprise resource planning (ERP) knowledge base addresses discrete
manufacturing (distinct items such as auto parts or chairs) as well as non ...
http://rfp.technologyevaluation.com/rfi.asp?modelid=46&catid=ERP - 28k - 2007-12-04

Process Manufacturing (ERP) Software Evaluation Reports

... The process enterprise resource planning (ERP) knowledge base anticipates as many
factors as possible to assist businesses in the process manufacturing field ...
http://rfp.technologyevaluation.com/rfi.asp?modelid=108&catid=ERP - 26k - 2007-12-04


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Glossary Of Terms Related To ERP Evaluation

ERP EvaluationAlso Known As: ERP Selection, ERP Comparison, ERP Rank.
ERP Evaluation is the process by which an enterprise software package is methodically selected using a proven process for a given enterprise.
Enterprise Resource Planning (ERP) Evaluation Center
Wikipedia.org Definition: Enterprise Resource Planning (ERP)
ERP Software Evaluation ReportAlso Known As: ERP Rating Report, ERP Ranking Report, ERP Comparison Report.
The ERP Software Evaluation Report is a side-by-side product comparison of three vendors of your choosing in the ERP Industry. The report details the top-two ERP feature and function levels and their respective scores out of 100%.
Discrete ERP Software Evaluation Report
Process ERP Software Evaluation Report
Engineer-To-Order (ETO) ERP Software Evaluation Report
ERP RFP TemplatesAlso Known As: ERP Request-For-Proposal Templates, ERP RFI Templates, ERP Request-For-Information Templates, ERP Feature And Function Templates
An ERP RFP Template is a TEC certified document enumerating thousands of ERP Software Features and Functions for use in an ERP software selection project.
ERP RFP Templates
ERP Software Selection Process Also Known As: ERP Product Selection Process, ERP Vendor Selection Process, ERP Software Selection Cycle
The ERP Software Selection Process consists of a four-phase approach to ERP software selection as Define, Compare, Analyze, Present.
ERP Software Preselection Demo
ERP Vendors Also Known As: ERP Products, ERP Software, ERP Systems, Enterprise Resource Planning Software
ERP Vendors are software providers who specialize in the development and implementation of Enterprise Resource Planning (ERP) software.
Discrete ERP Software Vendor Showcase
Process ERP Vendor Showcase
Accounting ERP SMB Vendor Showcase
ERP Evaluation RFI Also Known As: ERP Evaluation Request-For-Information, ERP Evaluation RFP , ERP Evaluation Request-For-Proposale
ERP Evaluation RFI's are completed TEC Certified Feature and Function documents for a specified ERP vendor. Each ERP Evaluation RFI contains thousands of answers to ERP software supported features and functions.
Mix-Mode ERP Evaluation RFI's
ETO ERP Evaluation RFI's
Distribution ERP Evaluation RFI's


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