ERP Lends Visibility to Increase Efficiencies for Best-in-Class Manufacturers
Market Wire, August, 2007
The majority of companies studied in "The 2007 ERP in Manufacturing Benchmark Report" view ERP as a strategic weapon to streamline and automate business processes in order to improve efficiencies. As a result, Best-in-Class companies are 82% more likely to have visibility into the status of all processes from quote to cash, making them 101% more proficient in notifying decision makers in real time as exceptions occur. In addition, the Best-in-Class are 91% more likely to be able to act proactively in anticipation of exceptions, according to Aberdeen's survey respondents in the recently published "2007 ERP in Manufacturing Benchmark Report" announced by Aberdeen Group, a Harte-Hanks Company (NYSE: HHS). Findings in the report concluded that:
-- Best-in-Class companies have 96% manufacturing schedule compliance,
and 97% on-time and complete shipments.
-- Best-in-Class companies achieved significantly better results than
industry average and laggards, including 24% reduction in levels of
inventory, with 97% inventory accuracy.
-- Best-in-Class companies are 85% more likely to calculate the return on
investment (ROI) of ERP projects.
-- Best-in-Class companies are 46% less likely to be running
significantly outdated releases (two or more releases behind their ERP
vendor's current release).
-- Top performers implement 28% more functionality and are 100% to 280%
more likely to use advanced technologies such as workflow and event
management.
"To achieve Best-in-Class performance, manufacturers must not let their maintenance dollars go to waste. While it may be acceptable to skip a release, or run one release behind the most currently available, do not let your implementation lag significantly because you are leaving functionality and technology improvements largely unused," said Cindy Jutras, Vice President and Group Director, ERP Research, Aberdeen. "Best-in-Class manufacturers must also integrate and automate all basic functions to support business processes from quote to cash, as well as estimate ROI to cost justify major expenditures before following up to calculate the actual return. What gets measured gets managed."
A complimentary copy of this report is made available due in part by the following underwriters: Cap Gemini, Epicor, Fullscope, Infor, Lawson, and QAD. To obtain a complimentary copy of the report, visit: http://www.aberdeen.com/link/sponsor.asp?cid=4119
About Aberdeen Group, a Harte-Hanks Company
Aberdeen is a leading provider of fact-based research and market intelligence that delivers demonstrable results. Having benchmarked more than 30,000 companies in the past two years, Aberdeen is uniquely positioned to educate users to action: driving market awareness, creating demand, enabling sales, and delivering meaningful return-on-investment analysis. As the trusted advisor to the global technology markets, corporations turn to Aberdeen(TM) for insights that drive decisions.
As a Harte-Hanks Company, Aberdeen plays a key role of putting content in context for the global direct and targeted marketing company. Aberdeen's analytical and independent view of the "customer optimization" process of Harte-Hanks (Information - Opportunity - Insight - Engagement - Interaction) extends the client value and accentuates the strategic role Harte-Hanks brings to the market. For additional information, visit Aberdeen http://www.aberdeen.com or call (617) 723-7890, or to learn more about Harte-Hanks, call (800) 456-9748 or go to http://www.harte-hanks.com .
© 2007 Aberdeen Group, Inc., a Harte-Hanks Company 260 Franklin Street Boston, Massachusetts 02110-3112 Telephone: (617) 723-7890 Fax: (617) 723-7897 www.aberdeen.com
Media Contact: Cindy Jutras Aberdeen Harte-Hanks (617) 854-5247 cindy.jutras@aberdeen.com
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- Design a commission plan that drives sales - Sales Commissions
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- LIFO vs. FIFO: a return to the basics



