5 Keys For Maximizing Your ROI Through Optimal ERP Performance - A Software ERP Directive

Key No 1 - Charting the course of success for yourManagement. Since 1994 it has consistently been
technology investmentissue #1 or #2.
Is your current ERP system is lacking in functionality?Nonetheless, it has proved to be an elusive target.
Does it limit your ability to respond quickly toLuftman and Kempaiah suggest a number of reasons
customers' requests? Where are you placed infor this, including that, while IT might be aligned with
comparison with your competitors, and does yourthe business, business is rarely aligned with IT. They
existing system help you or hinder you in meetingalso add that organisations have often looked for a
industry best practice or benchmarks? Are you'silver bullet', whether technological solution or
simply unhappy with your current supplier and theirimproved communications, as well as improved
ability to respond to your requirements, let alonegovernance to identify and prioritise projects,
those of your customers?resources and risks. Another reason they suggest for
Whatever the case, you are unlikely to stand alone inmissing the alignment target has been the lack of an
these areas - many companies have faced similareffective tool to gauge the maturity of IT-business
issues with their ERP systems, so no user is likely toalignment.
be unique. There are common drivers you canOn this last point, they suggest a set of six
consider in your deliberations over a replacement ERPcomponents that indicate (if not mandate) alignment
system, and these include the measures you use tomaturity: Communications - exchange of ideas,
chart the success of your technology investment,knowledge and information between IT and business;
the major issues you need to address and theValue - balanced measurements to demonstrate the
consideration of how much pain you are willing to putcontributions of information technology and the IT
up with to achieve your ultimate goal.organisation in terms that both business and IT
According to Aberdeen Group's 2007 ERP inunderstand;
Manufacturing Benchmark Report, 328 companies out- Governance - who has authority to make IT
of 1245 companies surveyed were planning todecisions and set IT priorities;
replace their current ERP systems at one or more- Partnership - including IT's role in defining business
locations within the next three years. In other words,strategies, the degree of trust and how each
at any one time, a quarter of companies are lookingperceives the other's contribution;
to replace their existing ERP systems.- Scope and architecture - IT's provision of flexible
In the past, enterprise resource planning has garneredinfrastructure, evaluation of emerging technologies,
a mixed reputation. While there are fundamentaldriving business process change, and delivery of
reasons and obvious benefits for going down thecustomised solutions internally and externally; and
ERP path, many have feared - rightly or wrongly -- Skills - HR practices of hiring and retention,
that ERP entailed major organisational disruption if notencouragement of innovation, developing individuals'
re-engineering, at high cost and high risk.skills, and the organisation's readiness for change,
Aberdeen Group reports ("When Replacing ERP - Sizecapability to learn and ability to leverage new ideas.
Matters", June 2007) the primary driver for largeInterestingly, they say that "business executives
companies is consolidation and rationalisationscore alignment maturity higher than IT executives".
strategies. An underlying issue, considering theIn other words, it is the IT side of the business that
proliferation of ERP and other enterprise applications,feels most that alignment is not being achieved.
is the need for integration. For mid-sized and smallWhether your organisation complies with these
companies, on the other hand, the concerns aresuggestions - and it should be added that sometimes
more with gaining functionality and integration. Thesethese factors can be seen as reflections of alignment
sized firms are also more heavily concerned withmaturity as opposed to stepping-stones for achieving
updating their outdated user interfaces, an importantthat heightened state - any IT implementation,
factor in raising employee productivity andespecially one as significant as ERP, should keep all of
efficiencies.these factors top of mind.
Other issues include requirements of expansion,Supply chain criteria
pressure from trading partners, compliance withMany ERP systems are implemented as part of the
regulation and even disastrous events, but overallsupply chain process of an organisation. Here, again,
companies looking at ERP implementations arethe above success markers are relevant, but Tim
primarily seeking "low cost options that minimise risk".Payne of Gartner ("Supply chain and IT strategies
Risk and cost in combination imply a concern formust align around five key themes", August 2007)
return on investment, but Aberdeen's surveys showsuggests that "enterprises should focus on five
that fewer than 25 per cent of respondentstechnology areas - business process agility, data
consistently estimate ROI to cost estimate ERPmanagement, analytics and performance
projects, and 20 per cent or less measure the actualmanagement, collaboration, and sensory networks -
post-implementation costs and gains to calculate ROI.as the sources of technology-enabled supply chain
In contrast, "best in class companies are on averageinnovation".
88 per cent more likely to estimate ROI beforePayne says "focusing on these technology areas will
initiating projects and are 130 per cent more likely togive the IT organisation more credibility as an ongoing
measure ROI after project completion. As a result,participant in the dialogue [with the supply chain
these best performing companies produce, onorganisation]". He goes on to recommend:
average, 93 per cent more improvement across a- Periodic demonstrations of new technology
variety of metrics such as cost reductions, schedulecapabilities, coupled with the co-development of
performance, headcount reduction or redeploymentsupply chain initiatives, as new capabilities arise in
and quality improvements."these areas;
The reality is that minimising risk with an ERP- Developing a plan for incorporating new
implementation is an achievable result and, byinfrastructure components that are needed to
minimising risk, costs should also be kept undersupport innovation areas; and
control. By following a formal process of charting the- Evaluating the supply chain IT strategies and SCM
reasons for your implementation, assessing thevendor-sourcing criteria with the supply chain
various offerings from your current supplier and,organisation for conformance and alignment based on
importantly, from suppliers who might be new tothe five key themes and related discussions,
you, and checking off against the various criteria foradjusting IT and sourcing strategies to address
selection, an ERP implementation need not be aperceived gaps. All well and good. But, despite the
nightmare; in fact, it could prove to be the instigatorbest planning and setting of firm criteria, there is
of quantifiable benefits for all concerned.always the issue of compromise - that such an
Specific success markersimportant and far-reaching a system as an ERP will
Getting down to brass tacks, there are a number ofnot perfectly match your organisational set-up. The
key aspects of an ERP system that need to beAberdeen report suggests that "if your business
addressed, both prior to any decision to move toprocesses were developed over time - in an
such a system and certainly as part of selectionunstructured way - the possibility exists that no ERP
criteria. Near the top of the list is total cost ofsystem will match exactly. Search out ERP solution
ownership, which incorporates:providers with customers in your industry, evaluate
- Software and implementation costs;the fit, and balance the need to adapt your business
- Costs associated with any interfaces or systemprocesses to conform with the software against
modifications;aligning the software to your processes. While some
- All costs associated with system communications;customisation of software may be necessary, (only
- Costs associated with employing additional or11 per cent of respondents have zero customisation)
specialised staff; andit adds expense and effort to the initial
- Annual costs for system upgrades and helplineimplementation, and the complexity of future
support. Other specific areas of consideration that willupgrades."
impact on the success or otherwise of your ERPIn other words, if you bend a little to accommodate
program include:the ERP, while still maintaining your markers of
- Functionality;success, you will find that the ultimate payback is a
- Ease of use;system that works well with an organisation in sync
- Integration capabilities;with itself.
- Ease and speed of implementation;It is important overall, therefore, to look at all
- Ability to tailor functionality without programming;options, and that includes a range of suppliers, to
andassess the issues, drivers and pain points that you
- Software licence price. Added to this, ormay have been facing in the past, and that you
overarching these considerations, is return onmight be looking to deal with or, hopefully, avoid in
investment. Whether and how quickly you achievethe future to ensure the best fit for your
this is dependent on many factors, not least theorganisation.
rigour and realism applied to the assessment ofThe next article in this series will look at "Managing
current circumstances and the contribution made bythe total cost of ownership - What you need to
the ERP system as outlined in initial business cases.know".
An article as far back as the European Journal ofReferences:
Information Systems in 1996 reported on a survey- Jutras, C., and Barnett, R., "The total cost of ERP
of the 200 largest UK companies that found that 47ownership in large companies", Aberdeen Group, July
per cent openly admitted to overstating the benefits2008
to get approval for IT investments.- Jutras, C., and Dalle Tezze, H., "When replacing ERP
But wishful thinking and creative accounting aside,- size matters", Aberdeen Group, June 2007
these are all relevant considerations. (And in future- Jutras, C., Trost, J., and Dalle Tezze, H., "Taking the
articles, covering total cost of ownership, selectionERP plunge for the first time", July 2007
criteria, best and worst practices, and maximising- IBS, "5 things you should know about total cost of
ROI, we will look at them in more detail.) But it shouldownership (TCO) for ERP systems", IBS Australia,
be noted that the level and mix of these factors andMarch 2008
how successfully they are achieved is specific to- IBS, "6 essential considerations when selecting an
individual sets of circumstances, including size andERP system", IBS Australia, February 2008
type of organisation, intended purpose, individual- Luftman, J., and Kempaiah, R., "An update on
business priorities and, of course, budget.business-IT alignment: 'A line' has been drawn", MIS
The big pictureQuarterly Executive, Vol 6 No 3, September 2007
The overriding consideration that affects all- Payne, T., "Supply chain and IT strategies must align
organisations, large or small, regardless of industryaround five key themes", Gartner Research, August
sector or even of budget, is alignment with the2007
business objectives of your organisation.- Ward, J., Daniel, E., and Peppard, J., "Building better
Jerry Luftman and Rajkumar Kempaiah of thebusiness cases for IT investments", MIS Quarterly
Stevens Institute of Technology suggest ("AnExecutive, Vol 7 No 1, March 2008
update on business-IT alignment", September 2007)- Ward, J., Taylor, P., and Bond, P., "Evaluation and
that the issue of achieving IT-business alignment wasrealization of IS/IT benefits: an empirical study of
first documented in the late 1970s and was in thecurrent practice", European Journal of Information
top 10 IT management issues from 1980 throughSystems (4), 1996, pp 214-225 (as cited in Ward et
1994, as reported by the Society for Informational, 2008).