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Aligning IT to Business Processes – how to implement business process management and ensure ROI.
The need to support new, agile business processes is the top pressure driving enterprise organizations, according to the latest results from Aberdeen’s Business Process Management Benchmark. The overwhelming concern from line of business executives and top management surrounds the lack of ROI in their ERP investments. Over half of the respondents (51%) – mostly from small and mid-size organizations ─ say their companies’ ERP systems or best-of-breed supply chain solutions don’t provide adequate functionality!
Source: Aberdeen Group.
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The Order to Cash Cycle – Integrating Business Processes to Improve Operational Performance
The lifeblood of a company flows through the order to cash cycle. Best in Class companies take an integrated approach to ERP implementation. They standardize enterprise-wide procedures for order and credit management, planning and production, and cash management. These companies also replace manual hand-offs between individuals and departments with automated workflows.
Source: Aberdeen Group.
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The CHAOS report – leading causes of ERP system implementations failures and how to avoid them.
In the United States, we spend more than $250 billion each year on IT application development of approximately 175,000 projects. The average cost of a development project for a large company is $2,322,000; for a medium company, it is $1,331,000; and for a small company, it is $434,000. A great many of these projects will fail. Software development projects are in chaos, and we can no longer imitate the three monkeys - hear no failures, see no failures, speak no failures.
Source: The Standish Group International
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Back to Basics – The Key to Future Performance
The objective of this paper is to point out fundamentally basic principles and practices that this author feels have been overlooked in many popular improvement strategies. These “back-to-basics” concepts, as I will call them, provide the fundamental underpinning for significantly increasing the chance that other improvement strategies … no matter which ones you choose … will result in a more competitive and profitable company.
Source: J.E. Boyer Company
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Where do the best place their strategic bets – innovation or operational efficiency?
Innovation is only ranked by 41% of business managers as the first or second area of strategic importance for their organizations, despite all the media hype about innovation, according to a survey by Forrester Consulting. In contrast, customer relationships is ranked by 75% of managers and operational excellence is ranked by 52% as being of top importance. Among the 130 big spenders who ranked innovation as their top investment, collaboration software is the most popular tool used to foster innovation.
Source:Forrester Consulting
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