Learn from Levi's Why you should renovate your aging ERP even if you're late: CIO Dive

This article is for members only. If you register as a member, you can see everything.

ERP modernization can be difficult, costly, and tedious for any company. This is especially true for long-established companies with entrenched bespoke legacy systems, or those that have not yet touched the ERP used by acquired companies.

ERP modernization is highly difficult for companies that have fallen behind, but if they do not start, they may be completely overtaken by their competitors. Recently, this trend has been seen in procurement and supply chain related logistics.

"If you don't modernize your ERP, you're either going out of business because you can't stay competitive, or you're going to be preyed on and survive," says Peter Borstorff, executive vice president of enterprise development at the Supply Chain Management Institute. .

Modern supply chains and ERP help companies deal with supply chain disruptions to understand where and when their products are and how to set customer expectations.

CTOs are no strangers to legacy systems and are struggling to keep up.

In a Boomi survey of 1,675 CTOs and enterprise architects(1), 94% said they were adopting composable ERP to modernize legacy technology, but more than half said their projects failed. reporting. The survey cited budget constraints (38%), complex hybrid IT environments (37%) and process failures related to legacy technology (35%).

© Industry Dive.