The same old thing! Barely any business hopes to get from where it left off over the most recent periods of 2020/21 after the pandemic. One explanation: Over the past one-two year, digitalization has sped up drastically. It is about time to adjust the ERP framework to the new typical.
1. Make supply chains crisis resistant
Whether the vertical manufacturing range is low or high, every business depends on stable and legally compliant supply chains. When selecting suitable suppliers, aspects of compliance and sustainability now matter as much as capacity and terms of delivery. Equally important is ensuring full traceability of lot and serial numbers. So that a company can react quickly with a targeted recall in the event of a problem.
2. Attract skilled workers
Demographic changes mean that SMEs strive to attract young talents as well as experienced specialists. An attractive work environment, including up-to-date software with a modern user interface, is part of the attractiveness of a workplace. Ease of use is one of the top three ERP topics for 2022: 45% of participants see it as a significant trend. Almost as important, namely in the fourth position, companies rate the use of mobile applications and end devices, both in service and sales and in production.
3. Develop a mobility strategy
The expansion of 5G networks opens up completely new opportunities for companies, a large majority of them are convinced of this. SMEs wishing to find ideas for their own operations can be inspired. This describes a whole series of 5G scenarios, from positioning in intralogistics to predictive maintenance.
4. Automate processes
The process is ineffective at generating productivity and thus competitive strength. Half of the companies are well aware of this. But where to start? What are the processes that deserve to be addressed? And how to increase efficiency? More and more companies are finding answers in exploring processes and using process automation
5. Open the doors to AI
One in two companies with more than 100 employees is now convinced that AI is one of the keys to its own competitiveness. In the meantime, companies can gain initial experience quite pragmatically with out-of-the-box AI solutions, for example, with AI-assisted knowledge management in services.
6. Take data quality seriously
A large majority of mid-sized companies believe it: Those who constantly work on the quality of their data increase the efficiency of their processes. However, it is not the conviction that is decisive, but the implementation. It is high time to be active in this area. Notably, because the success of the Internet of Things or AI projects largely depends on the quality of the data.
7. Explore options for the platform economy
More than half of companies are currently developing or planning new products and services, and the majority of them rely on platforms in this process and create new digital platforms, develop them further, or participate in them. Others are working on additional business models, such as leasing their products and other services. Modern ERP systems must and can support and map this transformation. Suppose if you are running a school and want to manage everything at your fingertips in that case you can contact any professional ERP Software company that customizes School ERP software for schools.
The deployment of management software must offer digital flexibility, agility, and uniqueness to drive a management solution, for example, the SaaS model is a functional solution, CRM, ERP, and SaaS software, this management software package with a good Parameterization integrated into the software is used for large companies.
Conclusion
The Corona pandemic is fueling digitization around the world, as various studies carried out last year show it is a wake-up call for SMEs. Those who today have well-filled order books have a tendency to let the digital transformation go by for lack of time. As a result, companies run the risk of gradually falling behind. It is high time for them to take charge of the digitization of processes and the modernization of their ERP system.
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Even the most diehard traditionalists couldn't avoid home offices and video conferencing during the Covid-19 period of 2020/21. However, when it comes to digitization, this is only the tip of the proverbial iceberg. There is still a lot to be done on a broad front, especially around ERP systems.
How to distinguish ERP implementation success from failure?
What do we mean when we talk about a fruitful ERP project? By and large, getting a venture on schedule and on a financial plan is sufficient to be viewed as a triumph, yet that isn't true with ERP. To measure ROI, characterize and evaluate how the success of a specific organization's venture group will be estimated as far as explicit business benefits.
As such, it merits considering the outcomes you hope to accomplish by changing to ERP. For instance, would you like to reduce overhead and inventory expenses, further develop the visibility of your production network, or speed to advertise?
In this case, it is important to establish metrics for success from the start and share them with key stakeholders. This way you can track the results and see if your project is actually producing the expected benefits.
As such, it merits considering the outcomes you hope to accomplish by changing to ERP. For instance, would you like to reduce overhead and inventory expenses, further develop the visibility of your production network, or speed to advertise?
In this case, it is important to establish metrics for success from the start and share them with key stakeholders. This way you can track the results and see if your project is actually producing the expected benefits.
How are SMEs now preparing their ERP system for the future?
Companies are expected to focus on seven core digital themes in 2022:
1. Make supply chains crisis resistant
Whether the vertical manufacturing range is low or high, every business depends on stable and legally compliant supply chains. When selecting suitable suppliers, aspects of compliance and sustainability now matter as much as capacity and terms of delivery. Equally important is ensuring full traceability of lot and serial numbers. So that a company can react quickly with a targeted recall in the event of a problem.
2. Attract skilled workers
Demographic changes mean that SMEs strive to attract young talents as well as experienced specialists. An attractive work environment, including up-to-date software with a modern user interface, is part of the attractiveness of a workplace. Ease of use is one of the top three ERP topics for 2022: 45% of participants see it as a significant trend. Almost as important, namely in the fourth position, companies rate the use of mobile applications and end devices, both in service and sales and in production.
3. Develop a mobility strategy
The expansion of 5G networks opens up completely new opportunities for companies, a large majority of them are convinced of this. SMEs wishing to find ideas for their own operations can be inspired. This describes a whole series of 5G scenarios, from positioning in intralogistics to predictive maintenance.
4. Automate processes
The process is ineffective at generating productivity and thus competitive strength. Half of the companies are well aware of this. But where to start? What are the processes that deserve to be addressed? And how to increase efficiency? More and more companies are finding answers in exploring processes and using process automation
5. Open the doors to AI
One in two companies with more than 100 employees is now convinced that AI is one of the keys to its own competitiveness. In the meantime, companies can gain initial experience quite pragmatically with out-of-the-box AI solutions, for example, with AI-assisted knowledge management in services.
6. Take data quality seriously
A large majority of mid-sized companies believe it: Those who constantly work on the quality of their data increase the efficiency of their processes. However, it is not the conviction that is decisive, but the implementation. It is high time to be active in this area. Notably, because the success of the Internet of Things or AI projects largely depends on the quality of the data.
7. Explore options for the platform economy
More than half of companies are currently developing or planning new products and services, and the majority of them rely on platforms in this process and create new digital platforms, develop them further, or participate in them. Others are working on additional business models, such as leasing their products and other services. Modern ERP systems must and can support and map this transformation. Suppose if you are running a school and want to manage everything at your fingertips in that case you can contact any professional ERP Software company that customizes School ERP software for schools.
The deployment of management software must offer digital flexibility, agility, and uniqueness to drive a management solution, for example, the SaaS model is a functional solution, CRM, ERP, and SaaS software, this management software package with a good Parameterization integrated into the software is used for large companies.
Conclusion
The Corona pandemic is fueling digitization around the world, as various studies carried out last year show it is a wake-up call for SMEs. Those who today have well-filled order books have a tendency to let the digital transformation go by for lack of time. As a result, companies run the risk of gradually falling behind. It is high time for them to take charge of the digitization of processes and the modernization of their ERP system.
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Nityam Joshi is a software engineer and educational institute consultant. Having experience in the field of edtech for more than a year Nityam is working in the technical staff of Zuwagon Technologies, a leading school management software solution company.