PQR Ltd. is an electronic goods manufacturing company having very wide customer base for past many years. The company has implemented a comprehensive management information system (MIS) for its business requirements. The

Six essential qualities to be considered in ERP system selection are: Functionality This is the most important characteristic of an ERP system to research. You first need to ask yourself what areas are of most importance to you. You should look into a system that more represents your specific needs. Functionality is the base of a great ERP solution, while additional features are bonuses. Common Platform with Wide Recognition Choosing a commonly accepted cloud based ERP platform will ensure there is a high amount of products and support for those products available. Well recognized ERP solutions have plenty of resources available for support and implementation. By choosing a solution with many certified partners, call centers, support plans, and support teams who are familiar with related systems to choose from, you increase your likelihood of effective use. Find an ERP solution that others in your industry use comfortably and effectively. Support and Stability It is essential that the ERP software companies that you are considering come with a support guarantee; otherwise you may leave yourself vulnerable to hidden costs for necessary upgrades if the product you chose becomes obsolete. It is also important to consider how stable the software publisher is and whether they are likely to retain their position within the market, thereby continuing to provide the support you require. Costs and Fees This includes not only the initial purchasing and implementation cost, but any on-going costs you are likely to incur through the need for maintenance, upgrades, additional users, etc. Effective Data Usage One of the distinct advantages of ERP systems is the ability to efficiently access and use your data. While most provide adequate transaction processing, it is equally important that the data can be easily accessible by decision makers. Timely and current information access ensures critical decisions can be made based upon the most recent data. Fast Adoption The ERP system you choose should be easy to adapt to for end users. It is crucial that those users become both familiar and comfortable with those functions and use. Flexibility Enterprise Resource Planning is a long-range investment. A flexible system will grow with the company, accommodating new specifications as they emerge. Flexibility is also crucial in the implementation phase, to ensure that the program can align with existing business needs and achieve integration. Reporting The ERP system should be able to provide proper reporting/data as per the requirement of an organization. Web Enabled The ERP should be accessible from all protocols and devices and HTTP, WAP enabled etc.