What do you do if your strategic decision making in the ERP industry is falling behind the emerging trends?

If you are in the ERP industry, you know how fast the technology and the market are changing. You need to keep up with the emerging trends and make strategic decisions that will help you stay ahead of the competition. But what if you feel like your decision making is falling behind or outdated? How can you improve your strategic thinking and align it with the current and future needs of your customers and stakeholders? In this article, we will share some tips and best practices that will help you boost your strategic decision making in the ERP industry.

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1 Assess your current situation

The first step to improve your strategic decision making is to assess your current situation. You need to identify your strengths, weaknesses, opportunities, and threats (SWOT) in relation to the ERP industry. You also need to evaluate your goals, vision, mission, and values, and see how they align with the market trends and customer expectations. By doing a SWOT analysis, you can gain a clear picture of where you are, where you want to be, and what gaps you need to fill.

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Filipe Carvalho

SAP Logistic Manager/Master Data Manager (MDM)
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Continuously update your knowledge on the latest trends and technologies. Participate in workshops, conferences, and courses to expand your understanding. Collaborate with colleagues and leaders to exchange ideas and insights. Invest in training and development to keep your skills up-to-date. Regularly assess your organization's needs and adapt your strategies accordingly.

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Gerardo Daniel Rentería García

Microsoft MVP | ERP Solution Architect | Senior Consultant MsDyn365BC | Business Analytics
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Self-analysis is an exercise of introspection, self-evaluation and self-assessment that will allow us to achieve a more accurate knowledge of our knowledge, capabilities, skills and abilities. Strengths are the positive aspects that will help us to increase our effectiveness and efficiency in the performance of our functions in the work environment.

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2 Research the emerging trends

The next step is to research the emerging trends in the ERP industry. You need to stay updated on the latest developments, innovations, and challenges that are shaping the ERP landscape. You can use various sources of information, such as industry reports, blogs, podcasts, webinars, forums, social media, and newsletters. You can also network with other ERP professionals, experts, and influencers, and learn from their insights and experiences. By researching the emerging trends, you can identify the opportunities and threats that will affect your business and your customers.

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Gerardo Daniel Rentería García

Microsoft MVP | ERP Solution Architect | Senior Consultant MsDyn365BC | Business Analytics
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In the changing technology landscape, the key to staying competitive is to be at the forefront of emerging trends. This is no easy task given the rapid pace of technological advances. The ability to adapt and apply these trends effectively will have a direct impact on our long-term success. In the future of technology, the only constant is change.

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3 Analyze the data and scenarios

The third step is to analyze the data and scenarios that are relevant to your strategic decision making. You need to use data-driven tools and methods, such as business intelligence, analytics, dashboards, and reports, to collect, organize, and visualize the data that will inform your decisions. You also need to use scenario planning and forecasting techniques, such as what-if analysis, sensitivity analysis, and Monte Carlo simulation, to explore the possible outcomes and impacts of your decisions. By analyzing the data and scenarios, you can make more informed and confident decisions that will support your goals and vision.

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4 Involve your stakeholders

The fourth step is to involve your stakeholders in your strategic decision making. You need to communicate with your customers, employees, partners, suppliers, and investors, and solicit their feedback, opinions, and suggestions. You also need to collaborate with your team, peers, and managers, and leverage their skills, knowledge, and perspectives. By involving your stakeholders, you can enhance your understanding of their needs, expectations, and preferences, and build trust and rapport with them.

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Gerardo Daniel Rentería García

Microsoft MVP | ERP Solution Architect | Senior Consultant MsDyn365BC | Business Analytics
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It is the process of involving stakeholders in decision-making processes, ensuring that their opinions and concerns are heard and their interests are taken into account. It is essential for organizations to establish trust and build relationships. By involving them in decisions, organizations can gain valuable information about the potential impact of their actions and decisions, which can help them avoid potential risks and negative consequences.

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5 Test and evaluate your decisions

The fifth step is to test and evaluate your decisions. You need to implement your decisions in a pilot or prototype mode, and monitor their performance, results, and feedback. You also need to measure and compare your decisions against your predefined criteria, such as objectives, indicators, benchmarks, and standards. By testing and evaluating your decisions, you can identify the strengths and weaknesses of your decisions, and make adjustments and improvements as needed.

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Gerardo Daniel Rentería García

Microsoft MVP | ERP Solution Architect | Senior Consultant MsDyn365BC | Business Analytics
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When we talk about decision making, we talk about questions we ask ourselves on a daily basis: what data do we have, how do we proceed, how can we think to get our actions right, how do we choose correctly. We all make decisions and no matter how small they may seem, they all affect a project or a company in some way. Knowing how to analyze, detect and anticipate is the key to making great strategic decisions.

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6 Learn and improve continuously

The sixth and final step is to learn and improve continuously. You need to reflect on your decision making process, and identify the lessons learned, best practices, and areas for improvement. You also need to update your knowledge, skills, and tools, and seek new ways to enhance your strategic thinking and decision making. By learning and improving continuously, you can keep up with the changing ERP industry, and make better decisions that will benefit your business and your customers.

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Gerardo Daniel Rentería García

Microsoft MVP | ERP Solution Architect | Senior Consultant MsDyn365BC | Business Analytics
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Decision making begins with understanding the problem, defining it and looking for alternatives, and its basis is experience. And experience involves work on our part to gain it through participation in different projects, of different scopes, clients, methodologies. However, we must avoid being driven only by emotions, intuition or past experiences. It is about learning to reflect and react in those moments.

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7 Here’s what else to consider

This is a space to share examples, stories, or insights that don’t fit into any of the previous sections. What else would you like to add?

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What do you do if your strategic decision making in the ERP industry is falling behind the emerging trends?

1

2

3

4

5

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1 Assess your current situation

2 Research the emerging trends

3 Analyze the data and scenarios

4 Involve your stakeholders

5 Test and evaluate your decisions

6 Learn and improve continuously

7 Here’s what else to consider

Enterprise Resource Planning (ERP)

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What do you do if your strategic decision making in the ERP industry is falling behind the emerging trends?

1

2

3

4

5

6

7

1 Assess your current situation

2 Research the emerging trends

3 Analyze the data and scenarios

4 Involve your stakeholders

5 Test and evaluate your decisions

6 Learn and improve continuously

7 Here’s what else to consider

Enterprise Resource Planning (ERP)

Rate this article

Thanks for your feedback

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