When asked what is the very best ERP System in Malaysia, experts respond with a list of six solutions that serve various organizations in a variety of ways. The top 3 systems are Retail Management Software, Web Solutions for Retail, and Customer Relationship Management Software. Of these, the first two applications systems are more common in the retail sector while the third platform, CRM, is significantly more prevalent in the fiscal or business-to-business sector. The lack of a standard ERP methodology in Malaysia has created an IT landscape that seems much like a jigsaw puzzle where every piece is needed but none exist. This leads to the following challenges.
Organizations have different needs when it comes to ERP implementations. Retailers, for instance, may look for ERP solutions that will automate order fulfillment, reduce inventory, supply data analysis, supply real-time tracking, and integrate with customer and employee databases. Web-based solutions would enable e-commerce websites to update product data in real time and do inventory. Web-based applications may also be used to keep tabs on vendors, negotiate contract provisions, and manage internal resources. The listing for Web-based ERP applications goes on, but the point is that it’s imperative for any ERP system to address the needs of different industries. The issue lies in choosing the right ERP system that would fit each organization’s unique needs.
Another significant challenge is the shortage of inter-function communication and transparency in ERP software. Most companies, for instance, fail to fully comprehend the nuances of integration with existing systems and find it difficult to determine which systems have to be implemented first and that may be phased out. There is also the issue of integrating ERP modules with applications that have already been deployed. Typically, companies need the support of consultants to make ERP integration tasks easier and more streamlined.
Another limitation for ERP implementation in Malaysia is its price. Bigger companies would surely be able to afford ERP software as its licensing prices are already within reach of most companies. However, small and medium-sized companies would find it difficult to purchase, install and integrate ERP software due to its steep price tags. Additionally, keeping an ERP system would demand plenty of resources, which could seriously dent into the company’s capital.
Regardless of these limitations, some companies have managed to design robust ERP systems that feature all the functions required for a robust ERP system. Cogentrix, for instance, is one such ERP solution. This company designs and implements customized ERP systems that address the unique needs of companies. To be precise, Cogentrix has over two hundred components that can be mixed and matched to create different scenarios for companies. Each scenario represents a normal business process that would have to be implemented in order to provide customers with the most accurate and up-to-date outcomes. A normal Cogentrix ERP module would consist of Customer Management, Supply Chain Decision Support, and other modules that would complement and improve upon each other.
Small and medium-sized companies can’t afford to be complacent when it comes to ERP systems. Even if their budget is not that high, they ought to still invest in a good ERP system. The cause of this is the fact that ERP systems are designed to facilitate and streamline processes, which would in return translate to improved customer service, productivity and profitability. To ensure that ERP systems work for a company, it is necessary that you have a thorough evaluation and analysis done on a regular basis. This way, businesses can ensure that their ERP systems are modified and updated to suit the changing market trends and requirements. This way, companies can be assured that their ERP system works well and can continue to serve the purpose for which it was created.
Another way to ensure that you get a top-notch ERP system is by hiring only the best ERP consultants and technicians. There are many firms that claim to give ERP systems and although they may be experts in the market, it would still be wise to look at the quality of their services and the results they’ve produced for previous clients. You might want to think about referrals from clients or companies that have used the services of these consultants or technicians before making your final choice. Additionally, you could always do more research about the company, its history, technology and how it caters to your business’ unique needs and requirements. In that way, you can make sure that your company will get the most out of your ERP system.
Overall, choosing a top up system would require you to do a great deal of homework. Researching on the different ERP systems available now and the details about their features, modules and function would be very helpful in deciding on the right one. With the information that you gathered, you can then assess your requirements and identify which one is ideal for your company.