Standardize processes that aren't differentiators to your business. If something isn't providing a competitive advantage to your business (whether it's financials, accounts receivable or payable, fixed assets or warehouse management), then chances are that most ERP solutions have standardized functionality to provide proven efficiencies. If a particular business function is competitive or unique to your business, however, it is less likely that ERP software vendors will provide standardized best practices and less likely that your company would want to leverage generic functionality used by other companies. Examples of areas that are differentiators and more difficult to find in most ERP packages include product configuration, process manufacturing and vendor managed inventory.
In conclusion, there is no question that finding, implementing and managing the correct ERP solution for your business and supply chain needs is of vital importance in today's rocky economic climate. Of course, this is easier said than done, but you don't have to "go it alone." Remember that third-party organizations like my firm, Panorama Consulting Group, offer a number of services to help your company at any stage during the ERP process and ensure that you continue to compete at the highest level possible.