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The right time to buy an ERP system differs for every organization, but the importance of aligning sales and operations at any time is indisputable. If your organization needs a better understanding of its financial health, needs to increase efficiency or improve business processes, it may be worth investing in a new ERP system. The following ten simple true/false questions will help determine if your organization could benefit from the many business benefits offered by a well-designed and implemented ERP system.

1. Your executive team has difficulty making the right business decisions since your organization’s sales and inventory numbers are unreliable and do not reflect real-time information.

True/False

2. You have run into problems with either having too much or not enough inventory because it’s difficult for your buyers to track warehouse goods.

True/False

3. Your product has a limited shelf-life (i.e. fresh foods or seasonal products).

True/False

4. It’s difficult for your organization to predict future performance or forecast sales.

True/False

5. Your organization is currently using an antiquated or homegrown inventory system.

True/False

6. When sales and inventory numbers are misaligned, it’s difficult for your organization to determine accountability.

True/False

7. Your organization has one or more sites that could benefit from process standardization (e.g., sales, human resources, customer service, etc.).

True/False

8. Your executive team has a clear understanding of the total cost of ownership (TCO) of a new ERP system.

True/False

9. Your organization is prepared to devote the time and resources to accurately document its requirements prior to selecting an ERP vendor or enterprise solution.

True/False

10. Your organization is prepared to enlist the help of an independent ERP consultant.

True/False

If you answered “True” to one or more of the above, then the signs are clear: it’s time to invest in a new ERP system, and the sooner the better. Be sure to visit Panorama’s ERP Software Selection page to read about how we help organizations select ERP software that aligns sales and operations and enables accurate sales and inventory forecasting.

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