Companies that use technology like automated time tracking or a barcode inventory system need to stay aware of trends in enterprise resource planning so they can stay current and utilize the best possible solutions.
A number of considerations are involved in the future of ERP, from the rising use of cloud-based solutions instead of on-site platforms for such software programs to the increasingly prominent role that more modular solutions may play. Just as personal and business computing continues to evolve based on technological advancement, the resource management will also change and adapt based on those same factors.
ZDNet recently reported on improvements that may take place in the ERP field, noting that significant alterations may come much sooner than some industries realize.
Delivery may change, services won’t degrade
Although the access and delivery methods for an inventory management system and other components of ERP software will likely change, the services provided by them will still be very useful for businesses across a wide variety of industries. One projected concept is having core functions like inventory or finance control located on-premises and other, secondary features living on the cloud. This idea would combine the usefulness of a dedicated computing facilities with the flexibility provided through location-free computing.
Besides a more adaptable program, the cost savings for such programs may also be significant for many businesses.
What to look for in your ERP provider
With considerations about the future of ERP solutions in mind, businesses looking to add this solution to their organization need to make sure they are choosing the best provider and getting the most out of their investment. Research from Aberdeen Group highlighted some especially important areas that companies looking for ERP software should keep in mind.
The best ERP providers offer a variety of enhanced features that middle-of-the-pack and bottom-quartile developers don’t match, including the important consideration of real-time collaboration between different parts of an organization. This sort of setup facilitates better decision-making and the ability to innovate in terms of cost savings, workflow improvements and business-specific advancements.
With the possible future emphasis on cloud technology when it comes to resource management, having an ERP platform that works with mobile devices can create some dramatic differences in terms of overall utilization and idea development. Using ERP on a mobile phone or tablet allows a greater range of use in terms of time and location and means that information can be accessed whenever it is needed.