ERP is playing a significant role in manufacturing’s digital transformation. From business analytics to artificial intelligence and the Internet of things (IoT), innovative technology is disrupting how manufacturers do business. Advanced technologies have affected the competition within the manufacturing industry both domestically and abroad. Manufacturers must continuously analyze how they do business to remain competitive. ERP systems have become critical to making operational improvements in the modern age.
Thanks to ERP software, we expect to see a number of trends take hold over the next year.
There have been tremendous strides in automation within the manufacturing industry, however not all manufacturers are equipped with the latest technologies. Companies that are equipped with an ERP system are able to set several manual processes to autopilot with the built-in automation tools. As ERP software becomes smarter, the effectiveness of ERP-enabled automation has continued to increase. ERP systems can now analyze how users navigate the system and make recommendations on how to automate processes based on previous behaviors.
This leaves time for more cognitive functions and mission-critical activities and less time and man hours spend on mundane, labor-intensive tasks.
Strategic Service Arrangements
Manufacturing support services are being outsourced instead of handled in-house to increase efficiency and productivity. Payroll and marketing are being forwarded to outside organizations as well as the IT department. A trusted software-as-a-service (SaaS) vendor can handle the software
“We were looking for a system that can better centralize our business and operational processes across all divisions. We discovered that the Infor CloudSuite Industrial (SyteLine) ERP and Copley’s experience can help us greatly reduce the large effort of maintaining data in our finance, manufacturing, and service areas as well as streamline efficiencies to allow for revenue growth.”
Jeff Cohen, Vice President of Finance at Firecom
maintenance of a Cloud-enabled ERP system for manufacturers. Rather than launching a system and cutting ties, engaging in a long-term service arrangement with your ERP partner becomes a valuable resource. As more technologies are added and manufacturing businesses are digitally transformed, SaaS partners can assist manufacturers in
how they think about processes and business decisions. Manufacturers working though integration challenges can rely on the partner to recognize new, tech-driven business opportunities.
No longer limited, supply chains are logistical difficulties of the past. Now, products and source materials are delivered across the globe quickly and more economically than ever before.
Cloud-enabled ERP systems have created the opportunity for manufactures with multiple facilities gather and access data from various locations. ERP software can be universally deployed, with just a few clicks, and customized for local considerations such as language and currency. Once they system is in place, data is synced in real-time from multiple sites so global employees and global partners can access up-to-date design and distribution records from anywhere in the world.