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Finding your ideal manufacturing management system
Selecting the right ERP manufacturing management and accounting system is a pivotal decision that will shape your company's operations for years.
With a myriad of products offering similar features, it can be challenging to determine what’s essential. To help streamline your decision-making process, use the Evaluation Checklist from MYOB Advanced to compare the features and benefits of manufacturing system vendors across five critical categories:
Productivity
When evaluating an ERP, consider its potential to enhance productivity. Key questions to ask include:
- How does the system improve workflow efficiency?
- What tools are available to automate routine tasks?
- Can the product integrate with other software to streamline operations?
Technology
The technology underpinning the ERP system is crucial for usability, customisability, and maintainability. Important considerations include:
- Is the system built on a modern, scalable architecture?
- Does it offer user-friendly interfaces and intuitive navigation?
- How easily can the system be customised to fit specific business needs?
Functionality
Assess the specific features and functions the ERP system offers to handle daily accounting and business management tasks. Look into:
- The comprehensiveness of accounting modules.
- Inventory management capabilities.
- Production planning and control features.
Value
Evaluate how the ERP system balances cost with features and functions over its usable lifetime. Consider:
- The total cost of ownership including initial purchase, implementation and ongoing maintenance.
- The return on investment (ROI) based on productivity gains and operational efficiencies.
- How well the system scales as your business grows.
Risk
Risk management is a crucial aspect of any ERP system, focusing on minimising potential issues and enhancing security. Key factors include:
- The system’s ability to safeguard against data breaches and cyber threats.
- Compliance with industry standards and regulations.
- The reliability of vendor support and updates to address vulnerabilities and improve performance.
By systematically evaluating ERP manufacturing management systems against these categories, you can make a more informed decision that aligns with your company's long-term strategic goals. For a more detailed guide on selecting the right ERP system, check the new evaluation checklist from MYOB Advanced.
MYOB Advanced Cloud ERP is a comprehensive business management solution that was born in the cloud and built for more connected, collaborative ways of working. Designed explicitly to enable small and mid-market companies to thrive in today’s digital economy, MYOB Advanced flexible solution, customer-friendly business practices, and industry-specific functionality help growing businesses adapt to fast-moving markets and take control of their future.
For more information on MYOB Advanced visit: MYOB Advanced - Cloud ERP
