ERP Vendor Selection Criteria | Process| Evaluation

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ERP Vendor Selection Criteria | Process| Evaluation

ERP Vendor Selection Criteria | Analysis | Evaluation

ERP Vendor Selection Criteria | Process| Evaluation

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ERP vendor selection criteria and analysis is what we will discuss in this blog post. Evaluating the software vendor for development of the ERP solution can be a daunting task. Your company may come across with different ERP software from Generic ERP one or Industry specific, some software may be in open source category, or license based or cloud version showcasing various functionalities that helps you to streamline your business processes. After going through the entire demo of different software your company may go towards the final selection of ERP software & Vendor.

In this blog post; we will showcase you various methods through which you can easily select ERP software vendors for the implementation. We hope that this blog post will help you in powerful decision making. As you undergo with the ERP selection you may find various vendors approaching you towards the implementation by showcasing various experience, similar projects handled etc. But there is more to understand when you compare different vendors for the ERP development.

1. ERP Features

The ERP vendor you are selecting should demonstrate all the features of different ERP modules including the mission critical functions which are important to grow your business. There may be some cases where you need to customize the features through coding you can always check with the level at which the ERP software can be customized or vendor experience on handling critical customization. Intuitive interfaces that promote ease-of-use are imperative for all employees using the software.

2. Cost of Ownership

Since one of the major part of the ERP software is functions and modules that it offers. ERP cost is another important factor that needs to be consider. Understanding various cost of ERP software is important to know about total cost of ownership. Cost may include – hardware server cost, licensing, customization cost, integration, support & maintenance etc. By understanding thoroughly the total cost of ownership you get ease on selecting the vendor. Although lower cost should not be the only area for vendor selection since quality ERP implementation requires good resource to be allocated which in turns brings success in ERP projects.

3. Specific Needs

Every organization requires some specific customization or ERP module to streamline their business. While selecting the ERP vendor one should also understand the previous similar kind of implementation vendor is experienced with. This will consume less time for the vendor to implement and can enhance your existing business process with their experience.

4. Deployment

There are various options where ERP software can be deployed some of them include cloud, on premise, Software as a service or deployment on your own server. During your ERP vendor selection or analysis one should understand the deployment option that meet your organizational needs. This can also provide you with a judgement on the cost and implementation time for the ERP software.

5. References

References given by ERP vendor should be scrutinized to understand the experience of the previous customers while indulging the ERP vendor for the implementation. You can ask for the references by the ERP vendor and cross check with their existing customers. Ensure you just don’t go through with their website client list. If needed you can also prepare a small questionnaire and send it to the existing clients of the vendor.

6. Development & Implementation Methodology

ERP implementation methodology plays an important role to understand how the vendor will execute the development of the software for your business. There are various software methodologies used by ERP vendors understanding in detail will help you to create your goals and proper timelines of the project.

7. Support

Before you sign up with any vendor for your ERP implementation it is important to understand the support plans and the costs involved as different vendors will have different level of support and maintenance structure. It is better to clear out all the doubts on support as in the initial go live moment support is required at the most and vendor without support plans may fail the complete implementation.

Vendor plays an important role in the success of ERP implementation. We hope with the above you can understand the capabilities of your vendor and choose the best. Once you finalize with the ERP product then you can choose the vendors. ERP implementation gets successful when your team and vendor both work closely on development of each function. Putting everything on the shoulders of vendor can be harmful. Also understanding the customizations capabilities and the experience resource helps you to be risk free with the ERP development.

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