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Coping with Challenges Faced by ERP Systems in Singapore August 27, 2019

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Despite the advancement in technology, especially in ERP systems, a handful of challenges have sprung up. With many benefits ERP systems have put on our tables, we can’t throw in the towel yet. Why? The technology is inevitable and trying to push it away is automatically a disaster. Besides companies of all sizes are investing in ERP systems in Singapore to help improve processes and move to a paperless environment.

Here are some of the potential ERP implementation challenges and how to overcome them:

1)   Forecasting Demand for Products

To be able to forecast the demand for the customer in the most appropriate manner, manufacturers ought to employ accurate tools for reporting.  This, in turn, makes it easy to get a direct hit on their target market.

Now, ERP system can significantly contribute much to manufacturers in analyzing consumer behavior and the products that are in high demand. An Inventory Management system can also lend a hand when identifying the slackness or the quick speed when it comes to moving goods. Manufacturers are also not limited to taking into consideration external events such as currency exchange rates, current market trends, and increasing fuel prices.

2)   Skilled Labor Shortage

To overcome a shortage of qualified workforce, Singaporean government through the ERP system has put in place digital training to ensure proper output in every manufacturing process. Alternatively, producers must be selective when choosing prospective employees and ensure that they can work quickly, on target, under pressure, and do not object to shift work schedules. Finally, manufacturers need to employ Competency Management Software to bridge their workforce skill gaps.

3)   Managing Sales Leads

To understand a man, we must judge him in misfortune. The same also applies when our output in enterprises is deteriorating with business “misfortune” in mind. Manufacturers must truly make out their sales leads. And according to ERP systems; it can also be achieved by digging deeper into their data. The system also implies the rule to manufacturers that, they must have a formula that makes it easy to keep, manage, and track prospect information.

Besides, the CRM, in collaboration with ERP systems, can help manufacturers understand their Sales Leads better through a centralized customer database. This ease the identification of qualified prospect to focus on the best opportunities, identify sales Leads status, and distribute Leads to the right salespersons.

Parting Shot

Success is a series of small wins, and hence, businesses should not give. A good entrepreneur that wants to achieve the best takes every failure as an opportunity to learn the methods that can’t work. They must be relentless until they land a working method.

In fact, business challenges are no exception to any enterprise from SMSs to over-sized enterprises. Therefore, if you’re in Singapore, improving and complementing business operations within an ERP is one of the most effective strategies to overcome these challenges. And at the end of the day achieve glittering success over rivals in the digital era.

Categories: General