Changes to ERP market evident in overall growth

///, Manufacturing Productivity/Changes to ERP market evident in overall growth

The continuing inclusion of cloud computing has changed the way enterprise resource planning software is developed and implemented, and will likely continue to do so. Having secure, remote informational storage and access capabilities available has changed how ERP is used and developed, as well as how companies that want to use such software approach it.

Incorporating cloud capabilities into ERP has allowed for the use of new kinds of productivity boosters, both on the work floor and between different locations where a business operates. Having this combination of specific production advantages, such as mobile warehouse management, along with increased visibility into finances at different physical plants can prove to be a significant advantage for businesses in the manufacturing and warehousing markets. The somewhat slow growth of the ERP market as a whole – 3.8 percent, according to research from Gartner, published by TechTarget – may reflect growing changes in the field.

For businesses that want to find an ERP program but are unsure about making a purchase during such a time of technological change and advancement, there's a solution. Modular ERP, such as Microsoft Dynamics NAV, allows for the selection of individual components geared toward the unique needs of a company. Instead of purchasing an expensive, all-in-one system or a cheap, "light" version of a platform with limited functionality, organizations can instead target their budgets toward add-ons that provide the most return. Modular ERP provides the versatility that other systems lack and is easier to customize and build upon – an important distinction as new developments in the ERP marketplace continue to occur.

Agility above all
Forbes points out that some ERP providers may be too focused on maintaining current revenue streams instead of developing new concepts and products to draw in additional customers. For this reason, the marketplace may be more confusing for businesses trying to select software for the first time or upgrade from their current system. By using a modular platform, businesses can be in a better position to grow and change, not only along with their development as organizations, but as the ERP market changes and offers new systems as well. Companies that use a component-based ERP system can set themselves up for long-term success.

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.