5 Reasons Manufacturers need to Invest in Adaptive ERP Solution

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With greater access to real-time production, financial, supply chain and other data, manufacturers and their trading partners are in a better position


ERP Solution

ERP Solution-In business, the mantra used to be the big fish eats the small fish. But with the rate of change accelerating worldwide, the mantra has become: the fast fish eats the slow fish. Speed is everything. The ability to recognize business disruption, pivot quickly and turn that disruption into a competitive advantage is crucial. Nowhere is this truer than a manufacturer’s business processes. Companies that use monolithic and rigid software, especially when it is used by the entire company, can struggle to react quickly enough. With so much rapid change already happening today, enterprise software, like Enterprise Resource Planning (ERP), Demand and Supply Chain Planning (DSCP), Customer Relationship Management (CRM) and Quality Management Systems (QMS) must be agile and pass that agility on to the companies that employ it.

Manufacturers should fully understand the following five areas where adaptive ERP can boost business performance compared to legacy enterprise systems.

  1. Adaptive ERP Simplifies Advanced Technology Adoption in Manufacturing Organizations

In an era of constant disruption, manufacturers need a solution that enables the quick adoption of new technologies like IoT, machine learning, artificial intelligence, RPA, data lakes, digital twins – and others that aren’t even on the radar yet. A Forbes 2018 article highlighting research from Scott D. Anthony “confirms that indeed, for leaders to thrive in today’s constantly disruptive way of life, they must be transforming today’s and tomorrow’s businesses.” This quote certainly applies to the rapid introduction of new technologies and the beneficial role adaptive ERP can play in simplifying and adopting advanced technologies in your manufacturing organization.

  1. Rapid Deployment Capabilities Allow for Effective ERP System Upgrades

Taking SAP as a Big ERP example, a recent study indicated that SAP customers have a roughly 50-50 chance of achieving a successful project with just under half (48%) of the respondents indicating that their project failed to achieve the business objectives. Given that Big ERP systems support a company’s key business operations, failing to reach an ERP project’s goals can have a devastating impact on the bottom line, a CIO’s effectiveness and the progress of any business strategy.

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Article Credit: DataQuest