Many times, the most common problem with product quality relates to production efficiency, redundancies between sales, issues in engineering and manufacturing, and meeting the delivery dates. These are the areas where companies need to improve in order to show significant growth in the market. The reason why the organization faces these challenges is that their existing ERP systems are not able to meet the new production volumes and complexity of growth.
The existing systems once worked when the number of suppliers and products was small, as well as, there was a simple medium of distribution, selling, and after sales services. Considering the pace at which the businesses are growing today, legacy systems need to be either upgraded or left behind altogether to pave way for newer, better, and faster systems. Based on these factors, the cloud ERP systems are witnessing rapid growth. Here we will discuss the top 5 factors that are driving the success of cloud ERP in this year.
Real Time Monitoring
Gone are the days when the production and process were monitored manually having lots of discrepancies. Today, all of this can be done in real-time – courtesy of the cloud ERP systems. From small to medium-sized manufacturing companies, all are opting for real-time production and process monitoring at a faster rate. Through real-time monitoring, manufacturing execution, production efficiency, and rate of orders delivered can be boosted to a whole new level.
Enhanced Product Quality
Some are of the view that product quality has nothing to do with the cloud ERP systems; however, it greatly depends on it. Today, a lot of organizations are relying on a single yet scalable cloud ERP system across all the manufacturing locations to bring noticeable improvements to their product quality. The quality and compliance systems are often related to other accounting and manufacturing systems making it difficult to get a wholesome view. Cloud ERP software eliminates these difficulties by providing a scalable system that works on a single database and helps in improving product quality.
Mobility is one of the factors that are needed for manufacturers who want to manage their operations without sitting idle behind a desk. The cloud ERP systems are agile and based on the latest technologies including mobile apps to allow remote access from any device, any time, and anywhere in the world. All you need to have is a working internet connection and you are good to go. Through the cloud ERP systems, you can also allow for remote working to your employees and see a significant boost in their overall productivity.
Increased Adoption of Managed Services
One of the most important factors that are driving the success of cloud ERP is the increased adoption of managed services. There are some organizations that cannot afford to own their own ERP system hence they opt for managed services. Even there are organizations that outsource their IT infrastructure to third parties that are experts in security, uptime, and scalability. Cloud ERP systems are now more in demand because of the hosted and managed service providers just like ITspresso.
Reduced Costs and Greater Efficiency
Last but definitely not the least, the cloud ERP systems reduce the overall operational costs of the business and provide greater flexibility in managing their business processes. Numerous audit firms have confirmed that due to the implementation of cloud ERP systems, there has been a massive drop in the costs of the businesses, which is why the profitability has improved to a huge extent. Having said that, a majority of the companies are now looking to integrate their legacy data with the latest cloud ERP system features to gain an upper hand.
These 5 factors are definitely defining the success of cloud ERP systems. If you are also looking to boost the performance of your company, reduce costs, and improve the product quality to gain customer satisfaction, contact us today for a free consultation.