111:  Effectively Implementing Enterprise Resource Planning

The average company has between 300 and 600 business processes, all of which need to be managed. Enter enterprise resource planning, the operational glue for your company. To help explain the ins and outs of ERP, today Thom Singer and Craig Brown welcome Sam Gupta, Principal Consultant and CEO at ElevatIQ.  Sam unpacks the mechanics of ERP and explains how to successfully implement it into your work. He explains how supply chain problems, e-commerce challenges, and even career roadblocks can all be solved with the proper implementation of ERP.

On today’s podcast, you will learn:

Defining and successful implementing enterprise resource planning (ERP)

• ERP is the consolidated process of gathering and organizing business data through an integrated software suite,

• ERP refers to anything and everything that goes into building your products, from inventory and equipment to machines and labor — ERP is the operational glue for your company.

• There is a wide variety of vendors available to assist in transitioning to ERP.

• Regardless of the system, increased adoption of this system is key.

• Tools are not capable of comprehending the processes, even the really good ones.

Can ERP solve supply chain problems?

• COVID-19 related supply chain issues are being seen worldwide, especially in companies that are still utilizing manual processes.

• There is a clear divide in the market between companies who do and don’t understand that ERP can fix their problems.

• ERP can reduce the time spent tracking parts, solving supply chain issues, and minimize admin duty time.

• Disruptions can be reduced with more effective modeling.

The intersection of e-commerce and ERP

• Your business model most likely determines which came first. 

• Diversification is the key to protecting yourself against unexpected changes in the e-commerce business.

• Improved operational efficiency is going to increase your overall competitiveness.

• How can you decide whether to focus on e-commerce or ERP first?

Navigating surprises in today’s manufacturing community

• Increased creativity can be both a benefit and a detriment to companies today.

• Standardized processes are of greater value to a company than creative processes.

• More effective management comes by standardizing and simplifying systems.

• Systems that are more integrated are guaranteed to be more effective.

• Education needs to be made available within the community.

Career advice from a CEO

• Simply being good at your craft is not enough to make your business successful.

• Understanding your customers is the key.

• Take time to relate to and connect with your customers.

• Selling your services to customers starts with understanding what they need.

GUEST BIO:

Sam Gupta has been an ERP thought leader in the digital transformation space for nearly two decades, with the primary focus on financial systems and ERP. He has been part of large transformation initiatives for fortune-500 corporations but now spends his time consulting with SMEs as a Principal Consultant/CEO at ElevatIQ. Sam has been involved with startup ecosystems in the last 10 years and has experience in building and growing businesses from scratch. Sam also hosts a podcast called WBSRocks focused on business growth through digital transformation and ERP where he interviews top influencers and executives from ERP, Supply Chain, Digital Transformation, Supply Chain, and Accounting.

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