Before ERP software became a major part of today’s business processes, companies operated in simpler times. In general, the manufacturing resource planning (MRP) systems keyed on fewer departmental needs. For the most part, they enhanced the entire work-in process as well as inventory-related components of the business; too, they were vital to increasing a company’s shipments: quicker and on-time.
But with the coming together of more global opportunities, business processes require more business intelligence; this, to facilitate a more intuitive-based method of decision making.
Indeed, ERP systems play an integral part in today’s manufacturing marketplace. In a recent survey conducted by Manufacturing Business Technology, 68.5% of respondents in North America currently are using an ERP platform.
For the remaining 31.5% without an ERP system, they may be relying on legacy software to perform an array of business functions: one software to kick out payroll and billing, and perhaps another to track fixed assets within the company, for example.
For sure, today’s ERP systems do much, much more than just provide inventory information and perform accounting tasks.
Over the past decade, ERP systems have been providing businesses with information to help keep them competitive in the marketplace. Interestingly enough is the fact that 63% surveyed have an ERP system that is four years old…or older.
For those 34 percent who have an ERP platform that is seven years-plus, today’s advances in this technology point to more “robust systems.”
“Largely, modern ERP systems have evolved way beyond those abilities to do things like product data, lifecycle and human capital management. Manufacturers, especially in North America, are developing and growing technical talent to run more sophisticated manufacturing facilities.”
Contact us to learn more about today’s ERP software. Discover how Microsoft Dynamics ERP can help contain costs and find new revenue streams.