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ERP vs. Project Based Solutions - Which is Right for you?
There are many forces driving change within the business world: the threat of globalization, escalating costs, shorter product lifecycles, quicker time to market, environmental policies and compliance with governmental legislation - and of course the lingering effects of a global recession.
In an effort to maintain their market share and profitability, or in some cases just to survive, many organizations are seeking alternative methods of operation and have become far more open to implementing different practices; and few practices have proven more valuable in this new climate than project driven business. Until relatively recently, project-based business practices have been strictly the domain of industries with a long tradition of running highly complex projects, including infrastructure construction or aerospace manufacturing. However, project principles are now being embraced and applied to a far greater spectrum of business ranging from manufacturing to service industries.
This white paper will discuss the megatrends driving this change, what it means for industrial companies, and how Project-Based Solutions (PBS) - a new type of ERP - can allow executives to intelligently navigate these uncertain waters.