4 Things To Consider Before Choosing an ERP For Your Fashion Business
Updated: Jun 25, 2019
To have a competitive advantage, companies in the fashion industry need to respond rapidly to evolving customer preferences. The ability to adapt to the market's demands means that your business can easily customize its processes, launch new lines, and meet up with new orders.
Traditional legacy systems and antiquated enterprise resource planning (ERP) systems cannot achieve this type of flexibility, hence the need for a more modern ERP system that is innovative and can adapt to business trends. A modern ERP system merges processes, resulting in a smooth process flow, eventually leading to higher levels of customer satisfaction and revenue.
In the fashion industry, choosing the right ERP system for your business requires some key factors. These factors include rapid integration into existing business processes, easy to use, require little or no maintenance and cost-effectiveness. Let's take a closer look at these factors:
1. Know your business needs
Any ERP worth considering should fit your business needs. Remember this solution is not a one size fits all, and what will work for company A, may not necessarily work for company B. You can select certain modules based on your business logic.
You can also start with a single application or integrate multiple modules. It all depends on your business, so knowing what your fashion business needs is the first step to choosing the right ERP.
2. Listen to your teams
An important step you should not forget about when deciding for an implementation of a new ERP system is listening to what your teams have to say. If your company has large dedicated team or specialists working with the ERP, you have to take these users into consideration. It is necessary to involve all stakeholders and prospective users in the process of choosing the ERP.
This is necessary because all teams have different functions, and core requirements should be determined by the day-to-day operational use of the ERP system.
3. ERP's are strategic business investments
Some organizations consider financial investments as tools that yield financial returns. But acquiring an ERP system is a strategic business investment. It doesn't yield financial returns immediately but is a long-term investment that is measured in by performance yields and not financial.
4. Consider scalability
A good ERP system consists of modules that are integrated into one system. So scalability is at the core of choosing an ERP. If the system runs as a single module, then scalability will be a problem. You need to choose an ERP system that will scale with your business. This means that up-scaling and down-scaling should depend on business growth.
Aside from being scalable, the code base should be a major consideration when choosing an ERP system. Bear in mind the strengths of your IT team before taking on an ERP that is very complicated. This is where your post-sale ERP agreement will come into effect.
Remember to examine all the major factors that are relevant before you choose your ERP system or vendor. As organizations recognize the value of unified controls, it becomes more obvious that businesses can remain competitive with accurate data. Fashion ERP systems can help business process management for manufacturers, wholesalers and retailers. These companies are data-driven and acknowledge that it is the easiest way to stay ahead of the competition.