Though it would be great if everything could have a simple and succinct answer, there isn’t one ERP that is truly the best. The better question to raise is ‘what is the best ERP for my business?’ The right ERP is all about fit and will vary depending on your business, your industry, your size, your budget, and your needs. What may be the best solution for a multinational organization will not meet the needs of an SME that is just starting out. To find the best ERP for you, you need to take a hard look at your business, your strengths, your weaknesses, and your needs, and then do a little research to search out an ERP that was engineered for your distinctive business.
Not so long ago there were only a few ERP providers in the marketplace, but today there are ERP vendors for every industry, size, and specialty. The best ERP for you'll be one that focuses on your product line and has the options you wish to enhance your business.
All good ERPs will help you increase your efficiency and reduce costs — an ERP will connect and integrate all the different aspects of your business into one database, let you contour tasks and processes, and let you share accurate information across your company. But to really notice the most effective ERP for you, start thinking about what your business needs to get out of an ERP. I could list a bunch of features that ERPs have — inventory management, accounting, scheduling, CRM — but, quite honestly, that will not help you select the right ERP for you.
Before you begin researching ERPs and are dazzled by cutting-edge features and sales pitches, sit down with a small, trusted group of people at your company and ask yourself what do we need to improve to be a better business? The best sentence to use for absolute clarity is “We ought to improve ___by ___.” Maybe you need to improve profitability by cutting down on raw material costs. Maybe you need to reduce errors by clarifying procedures. Once you recognize what you wish, what your organization definitely needs to improve your business, then you can start looking for an ERP system with the right features for you.
Note: There isn’t one ERP that's the most effective — specialize in finding the most effective ERP to fulfill your distinctive business wants.