Business Process – Adopting Industry Best Practices (Part 3 of 3)
Key Success factor
- Visible Executive sponsorship
- Effective communication in the organisation
- Stakeholder heavy involvement
- Effective knowledge management
- Clearly defined measures of Success
Benefit
Some of the global ERP vendors like SAP, are prepackaging the ERP solution to specific Industry verticals which include preconfigured and document Industry processes. Such approach can bring in some of the following benefits:
Save time and money:
And achieve predicted results
Fewer risks:
Avoid common e-Business beginners‘ mistakes
Fast track:
To extending your business solution with new business processes
No trial runs:
Start straight off with a fully documented prototype that is fully reusable
Failure is not an option!
It works: what you see is what you get for implementation
Communication:
Among project team members and executives becomes more effective
Consistent approach:
Focusing on integrated end-to-end business processes
Conclusion
Adopt Industry Best Practices for better ROI, but ensure you do the home work during planning phases; else the project can be a financial and business disaster.
