What factors should be considered when choosing ERP?

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ERP selection Factor 1: The software can meet your logistics needs
In particular, companies that are suppliers to the automotive industry need more than just a classic industry kit. Only ERP systems that reflect just-in-time concepts and integrate the entire supply chain can meet the high standards of uncompromising customer orientation, short lead times, and on-time delivery. Another important aspect of choosing ERP for automotive suppliers is the software’s ability to implement manufacturer-specific logistics processes.
ERP selection Factor 2: Software management of the entire product lifecycle
As innovation cycles shorten, so does the expense of maintaining all the data associated with product development. This is why ERP systems that integrate efficient tools for product lifecycle management (PLM) stand out when it comes to ERP choices. Advantages: Combining CAD data with business processes in ERP not only helps manage product data but also increases transparency in all areas of the company. In this way, among other things, manufacturing costs can be reduced and service quality improved.
ERP Selection Factor 3: The software transforms your data into usable insights
It is estimated that by 2020, the Internet of Things will include 50 billion connected devices. The strategic use of this growing data for process optimization and enterprise control is also becoming a significant competitive advantage for mid-sized manufacturing companies. Companies should place a high value on professional BI tools when choosing an ERP, looking for tools that can filter, evaluate, and process the data they collect. State-of-the-art dashboards and custom reports provide key metrics and trends at the push of a button, ideally without the need for programming skills.