While no single advance or improvement in technology will solve all of an organization's problems, there's plenty of promise in some newer concepts. The cloud is one area where enterprise resource planning software users may be able to locate time and cost savings, as well as improve efficiency. One of cloud computing's biggest advantages is the ability to remotely transmit, access and store data instead of relying on physical storage space. For businesses in the manufacturing, warehousing and fabricating sectors, this increased accessibility can pay off in many different ways, from tracking inventory on a mobile device in the warehouse to multiple production locations sending output data to a single storage point.
TechTarget points out that the flexibility of cloud ERP also extends to hardware required to run such a system, eliminating the need for a bank of on-premises servers by allowing remote storage. While this solution won't work for every company, it's important to know that the capability exists and incorporate it into the planning phase of an ERP project. Whether a business decides to go with a full cloud setup for its ERP platform or to incorporate specific functions into a traditional implementation, being aware of all the options can help craft a better overall system.
Being able to specify which components of ERP a business wants to focus on, whether it involves the cloud or not, can often lead to a more successful system that involves a high level of focus on the unique needs of a business. According to research from Aberdeen Group, the ability to quickly react to operational changes without a major disruption is one of the top five business drivers for ERP adoption in the manufacturing sector. Businesses that want to stay agile and be able to quickly upgrade their systems, whether with cloud inventory support or an employee time tracking system, should consider using a mobile ERP system such as Microsoft Dynamics NAV.
By selecting between different components that offer various levels of insight and function related to specific business practices, companies can better control their ERP spending. For example, a simple system for timekeeping may be all an enterprise needs, while a more in-depth inventory management platform is needed to handle high levels of production. With a modular system, businesses can choose what areas of ERP they focus on.
Learn how to define your ERP strategy by downloading the white paper entitled "ERP in Manufacturing: Defining the ERP Strategy" from the DMS website today.