Implementation Challenges – Many firms rush through ERP software only to discover that their operational pain points have not been addressed. This might be upsetting to experience, especially if you’ve recently committed time, money, and work with the expectation of a significant ROI.
Today, we’ll review the common problems in inventory management that ill-planned software projects fail to handle. If you’re still experiencing these issues after go-live, consider it a warning that you may require project recovery.
In this blog, you’ll learn about the problems that ERP should ideally answer and how to use project recovery to tackle these problems if your initial installation didn’t work.
Typical Inventory Management Implementation Challenges
Despite one of the top ten ERP systems, inventory management can be challenging to improve. Let’s take a look at some of the issues that frequently arise after an erp implementation:
1. Management of the warehouse effectively
Improving warehouse efficiency can be a difficult task. This procedure consists of several steps that several team members must coordinate. Picking, packing, and shipping must be done in addition to receiving and storing merchandise. It might be challenging to structure these workflows consistently and effectively without the proper controls.
2. Managing supply chain disruption risks
When supply networks aren’t designed to be resilient, a tiny disruption can create colossal havoc. Global challenges, like the COVID-19 pandemic, can be extremely harmful. While many organizations prioritize efficiency and cost savings over resilience, the tide has turned. Companies must now explore how to manage risks during a supply chain breakdown.
3. Achieving a high level of accuracy in data
Companies must know exactly what inventory they have, how much, and when the next shipment will arrive. An annual all-hands-on-deck inventory count is no longer sufficient. Team members want reliable real-time updates to make quick, wise choices.
4. A weathering strategy for volatile demand
If businesses retain too much inventory, it may become obsolete before it is sold. In contrast, not keeping enough stock on hand may cause a company to be unable to fulfill consumer requests. Many businesses develop ordering procedures for essential commodities to ensure enough quantities are always available. Some businesses also grow inventory plans, so everyone knows what to do when demand changes.
5. Recovering from inventory losses
Inventory loss can occur when items are overstocked and undersold. This can happen as a result of spoilage or damage, or things can become deadstock. This endangers a brand’s reputation, safety, and sanitation. On the other hand, understocking can harm a company’s image and future revenue.
How does ERP project recovery work?
If you’re still having these issues after implementing erp software, technological and people issues could be at play.
ERP implementation specialists, such as Connected IT Consulting, can assist you in identifying the source of your problems and rapidly resolving them. This can help you get your project back on track and the rewards you anticipated.
Among the most typical problems we encounter are Implementation Challenges:
- Using the incorrect ERP software.
- Organizational transformation management is undervalued.
- Not adhering to best practices for ERP adoption.
Each of these difficulties can increase inventory management issues; thus, they must be addressed as soon as feasible. Because problems can sometimes be traced directly to the ERP vendor and the customer, erp expert witness services may be required.
Don’t let inventory management challenges get in the way of your success!
Inventory management is a dynamic entity heavily influenced by client preferences and purchasing habits.
If the enterprise resource planning system produces inventory management issues, you do not need to reinstall it. The project recovery team will be responsible for identifying the underlying causes of the problems and demonstrating how to fix them.
Identifying these core issues can be challenging when you’re close to a project. Please get in touch with our erp consultants at Connected IT Consulting for a quick consultation
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