According to a 2019 World Economic Forum and McKinsey study, while 70% of companies believe Industry 4.0 is critical to their future, only 15% have a plan. So, why the
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The promise of ERP software is enticing. Enterprise Resource Planning is designed to make your business run smoother and make your job easier. At least, in the beginning, the vision
In 2019, the World Economic Forum and McKinsey & Co. released a whitepaper that describes two ways that Industry 4.0 will transform business. First, implementation of Industry 4.0 capabilities will
Industry 4.0 – or the fourth industrial revolution – refers to a cyber-physical environment that self-optimizes. The system collects data, creates its own analytical models, makes decisions and optimizes the
When should you upgrade your ERP or consider replacing it? Your ERP system supports your core business operations and data. When it falls behind, your business processing efficiencies and decision-making
Too many organizations start their ERP selection journey by researching solutions and interviewing ERP vendors. They wander about, comparing features and specifications and deliverables and Gantt Charts, never quite sure
Given the choice between licensing software that you install on your computers and software that is hosted in the cloud, which should you buy? Software as a service (SaaS) is
If you’re at the front-end of an ERP selection process, you’ve probably heard conflicting approaches to ERP business process mapping. Some consultants say it’s essential before implementation. Others say it
In its September 2011 issue, the Harvard Business Review (HBR) featured an article on IT project failures, Why Your IT Project May Be Riskier Than You Think. As an example of an IT project failure, the authors discuss how Levi-Strauss’ $5 million ERP project morphed into monstrous losses of $200 million.
There are four key team and governance causes of ERP implementation failure. If you wait until implementation to mitigate these risks, you might already be too late. Many take months
