“Sadin on Digital” episodes explore the fast-changing and high-stakes world of digital business. Wayne Sadin and I focus in particular on what CEOs and boards must do to lead their companies successfully into the Digital Age. Today, we talk about modern cloud ERP, and how the “four letter word” of business is becoming a powerful asset that can help companies with digital optimization and transformation.
In this episode: Wayne and I talk about the scariest three letter word in the English language, ERP (enterprise resource planning). When Wayne talks to board members and C-Suite executives about ERP, they always say it’s going to cost more, it’s not going to work and it’s going to take forever. But these days, that’s not the case. You can get an ERP in the cloud for a fraction of the cost.
In his final thoughts, Wayne discusses how if you’ve got a typical 20-year old software suite that’s discombobulated and disconnected, and half your business runs on Excel spreadsheets, you’ve got a problem. Modern ERP has all the resources for AI, IoT, mixed reality, drones, sensors, edge computing and advanced analytics – and you should use them!
Also in this episode:
- Chesterton’s Fence: Never take a fence down until you know why it was put up
- You want a person who has the scars and the gray hair on your ERP team
- IBM coined the term material requirements planning (MRP), which begat ERP
You can also stream the audio-only version of this episode:
'An #ERP system is not about software-first, technology-first. It's about process first. It's about, what do we want to do to make this company better?' #CloudWars Click To Tweet 'The days of doing a monolithic #ERP (the 'give me your specs and go away for three years until I write it' days) are long over.' #CloudWars Click To Tweet 'The key is time to value. So if I'm doing a modern cloud #ERP, remember, I stand the whole thing up at once.' #CloudWars Click To Tweet
Thanks for watching! For more like this, we recommend:
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Cloud Wars Live Digital All-Stars
Wayne Sadin is one of our regular Digital All-Stars. The All-Stars are experts whose video podcasts will focus on the critical themes shaping (and re-shaping!) the business world here in the digital age of 2020. Our intention is to provide regular chunks of timely ideas and insights from industry veterans with diverse backgrounds.