Interactive Workshop Helps Attendees Simplify the Vendor Selection Process
Return on Investment
Most CFOs want to see their investments yield an ROI in 18 months to 24 months. Companies are having difficulty coming up with savings. But it is possible. You can realize savings from warehouse personnel and barcoded inventories, all while providing information systems that companies need to grow their businesses. For example, overstock identification systems, among many others.
There are many intangibles to implementing new systems. But we have to work harder as an industry to identify the ROI. The user community must lead this and give buy-in to the project. One area companies brought up is that their IT legacy systems are aging technologies that don’t allow them to integrate to other new generation technologies and services.
Longer Implementation Times, Higher Costs
From my experience, about 40 percent to 50 percent of the IT projects are underestimated, and many aren’t delivered within the original time frame. This seminar went through detailed steps to help companies select and implement the right system for them.
Clearly, many people walked away with the understanding that the user community and IT need to be challenged and accountable to do a lower level of planning and a more disciplined job in controlling and managing the project.