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Compare ERP

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It took 2 months for a team of ERP experts to build this 3,690-criteria RFP template—Wow!

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ERP RFP template Good questions!  The response is as simple. Compare ERP software on the 8 following criteria modules:

1. Finance
2. Human Resources
3. Manufacturing Management
4. Inventory Management
5. Purchasing Management
6. Quality Management
7. Sales Management
8. Technology

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Compare ERP on Financial Criteria

The finance section encompasses modules for bookkeeping and making sure the accounts are paid or received on time.

How to compare ERP software on finance? Simple. Compare ERP software on the following financial criteria:

1. General Ledger
2. Accounts Payable (A/P)
3. Accounts Receivable (A/R)
4. Fixed Assets
5. Cost Accounting
6. Cash Management
7. Budgeting
8. Financial Reporting
9. Project Accounting

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Compare ERP on Human Resources Management (HRM)

The section dedicated to human resources management (HRM) encompasses all the applications necessary for handling personnel-related tasks for corporate managers and individual employees. 

Modules will include personnel management, benefit management, payroll management, employee self service, data warehousing, and health and safety.

How to compare ERP software on human resources management? Simple. Compare ERP software on the following HRMS criteria:

1. Personnel Management
2. Benefits
3. Payroll
4. Employee Self-Service
5. Data Warehousing
6. Health and Safety

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Compare ERP on Manufacturing Management (Discrete and Process)

Manufacturing management (for both discrete and process manufacturing) encompasses a group of applications for planning production, taking orders, and delivering products to the customer.

How to compare ERP software on manufacturing management? Simple. Compare ERP software on the following manufacturing management criteria.

Because we want to compare ERP software systems on an apple-to-apple basis, we need to make a difference between discrete manufacturing and process manufacturing.

Discrete ERP Product Costing Shop Floor Control Production Planning Field Service and Repairs Project Management Product Data Management (PDM) Product/Item Configurator

Process ERP Product Costing Shop Floor Control Production Planning Formulas/Recipes Process Model (Formulas + Routings) Process Batch Control and Reporting Conformance Reporting Process Manufacturing Costing Material Management

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Compare ERP on Inventory Management

Inventory management (IM) encompasses a group of applications for maintaining records of warehoused goods and processes movement of products to, through and from warehouses.

How to compare ERP software on inventory management? Simple. Compare ERP software on the following inventory management criteria:

1. Inventory Management On-line Requirements
2. Processing Requirements
3. Data Requirements
4. Reporting and Interfacing Requirements (Inventory Management)
5. Locations and Lot Control
6. Forecasting
7. Reservations and Allocations
8. Inventory Adjustments

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Compare ERP on Purchasing Management

Purchasing management encompasses a group of applications that controls purchasing of raw materials needed to build products and that manages inventory stocks.

It also involves creating purchase orders/contracts, supplier tracking, goods receipt and payment, and regulatory compliance analysis and reporting.

How to compare ERP software on purchasing management? Simple. Compare ERP software on the following purchasing management criteria:

1. Vendor and Supplier Profile
2. Supplier Rating and Profile
3. Requisitions and Quotations
4. Purchase Orders
5. Prices and Discounts
6. Vendor Contracts and Agreements
7. Purchase Order Management
8. Procurement Reporting, On-line Reporting Capability
9. Repetitive Vendor Procurement
10. Procurement Receipts
11. Repetitive Vendor Procurement
12. Reporting

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Compare ERP on Quality Management

Quality management encompasses applications for operational techniques and activities used to fulfill requirements for quality control, inspection plan creation, and management, defective item control and processing and inspection procedure collection planning.

How to compare ERP software on quality management? Simple. Compare ERP software on the following quality management criteria:

1. Defective or excess material return processing must update on-hand
2. Customer return file: awaiting disposition
3. Damaged material—corrective action and failure analysis available to vendor on-line
4. Inspection required indicator by supplier and by item
5. Pre-inspection receipts registered as "inventory on hold"
6. On-line inquiry of inspection and material review board (MRB) queue
7. Validation against automated inspection criteria
8. Inspection disposition with audit trail
9. Disposition delinquency report
10. Quantity rejected
11. Reject reason codes

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Compare ERP on Sales Management

Sales management encompasses a group of applications that automates the data entry process of customer orders and keeps track of the status of orders. 

It involves order entry, order tracing and status reporting, pricing, invoicing, etc. It also provides a basic functionality for lead tracking, customer information, quote processing, pricing & rebates, etc.

How to compare ERP software on sales management? Simple. Compare ERP software on the following sales management criteria:

1. On-line Sales Management Requirements
2. Reporting and Interfacing requirements
3. Available-to-Promise (ATP)
4. Pricing and Discounting
5. Customer Service and Returned Goods Handling
6. Customer Relationship Management (CRM) and E-commerce Requirements

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Compare ERP on Technology

The technology category defines the technical architecture of the ERP system, and the technological environment in which the product can successfully run. Criteria include product and application architecture, software usability and administration, platform and database support, application standards support, communications and protocol support and integration capabilities. Relative to the other evaluation criteria, best practice selections place a lower relative importance, on the product technology category. 

However, this apparently lower importance is deceptive, because the product technology category usually houses the majority of the selecting organization's mandatory criteria, which usually include server, client, protocol, and database support, application scalability and other architectural capabilities. The definition of mandatory criteria within this set often allows the client to quickly narrow the long list of potential vendors to a short list of applicable solutions that pass muster relative to the most basic mandatory selection criteria. 

During the process of ERP software selection, a great deal of attention is given to the functional capabilities of the software being evaluated. While this aspect is obviously important, ignoring the technical mechanisms by which the ERP software actually operates can be fatal to the ERP software solution selection project.

How to compare ERP software on technology? Simple. Compare ERP software on the following technology criteria:

1. Architecture
2. User Interface
3. Client and Server Platforms
4. Application Tools
5. Workflow and Document Management
6. Reporting

Using An RFP Template To Compare ERP Software Solutions

It took 2 months for a team of ERP experts to build this 3,690-criteria RFP template—Wow!

Get it within seconds!

ERP RFP template

An ERP RFP template, simply put, is a list of ERP software functions and features.

You can think of it as a menu from which you choose—and rank—the criteria essential to the way an ERP application will fit into your organization.

Using an ERP RFP template allows you to save up to 85% of time and money you'd spend gathering information on your own to compare ERP software systems.

No other RFP technical requirements template gives you more than 3,690 criteria to compare ERP software systems.

 

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