5 Reasons to Invest in Adaptive ERP Solution Enterprise software, like Enterprise Resource Planning, Demand and Supply Chain Planning, Customer Relationship Management and Quality Management Systems must be agile and pass that agility on to the companies
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 recognise business disruption, pivot quickly and turn that disruption into a competitive advantage is crucial. Nowhere is this truer than a manufacturer’s business processes.
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.
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 42 www.dqindia.com simplifying and adopting advanced technologies in your manufacturing organization.
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.
Long gone are the days when companies have to suffer through lengthy implementation projects with monolithic software suites that come with high project costs, business disruption and IT frustration. More and more, CIOs want their new ERP solution deployed rapidly to mitigate costs and boost time to benefit. Manufacturers now realize how important implementation speed is in support of their ability to minimize costs and risk to the business.
Next-generation ERP providers deliver more adaptive and less complex systems that allow clients to quickly tailor the software to their business and be cost-effective when it’s time to upgrade. Getting a system up and running rapidly saves money, and speed is now a key consideration for any enterprise software decision.
Visibility into the business is a hot topic for many