Enterprise Resource Planning a.k.a ERP is software that enables industries to control and monitor their operations and smoothen the workflow. ERP software is extremely effective in larger industries where myriad intricate operations take place simultaneously. ERP software is continuously upgrading, and ERP software these days cater to all the modern requirements of industries. ERP is not just software, but a one-stop standalone solution to industries that require a helping hand to complete its operations.
ERP software relies on its modules for working. Modules in ERP software connect various divisions and departments to form a interconnected network. This helps all the divisions and departments in easy and seamless communication. These modules are finance & accounts, inventory management, production planning, supply chain management, and logistics and movement. These modules supply necessary information to each other automatically so that ERP software can help in smoother operations in industry.
ERP software is constantly upgrading to render all the services to digital and modern industry. These are some of the trends listed below to make ERP more robust.
- Cloud Adoption or Cloud ERP
Traditionally ERP software was implemented on-premise or in the industry of the client. Though offering a complete solution to operations in the industry, on-premise implementation of ERP software has some drawbacks. Data security is a major demerit of the on-premise installation of ERP. As on-premise ERP software is installed locally, all the data and information has to be handled by the client, which can pose a major threat in data safeguarding and data security. Furthermore, mobile accessibility can also be a problem with the on-premise installation of ERP.
Cloud-based ERP solves the majority of problems for the client as well as for ERP vendors. Information and data are safe, stored on the cloud and regular back-ups are performed on data to ensure the safety and security of data. Cloud-based ERP is also quick to implement and saves the total cost of implementation as the client does not require additional hardware as the installation is done by a vendor and also hosted by the vendor. These advantages give cloud-based ERP an edge over the traditional on-premise installation of ERP software.
- Direct Machine Integration or IoT (Internet of Things)
Direct machine integration or the Internet of Things refers to a way of connecting computers and machines directly with each other. IoT is in a boom in today’s digital era, and integrating it with ERP software can aid the ERP software in performing better and efficiently. Internet of Things seamlessly works with ERP software to avoid major problems and flaws which were earlier ignored by ERP manufacturers. IoT integration in ERP software can give a major uplift to the working and functioning of ERP software.
IoT provides real-time information and statistics by tracking assets, machine, and equipment. Industries like the steel industry, manufacturing industry, and plastic manufacturing industry can relay information in real-time to ERP software related to any malfunctioning during the manufacturing process. This makes ERP software more competent in its working and helps the industry to avoid any type of disaster during the manufacturing process. When IoT coupled with ERP software, an effective solution can be obtained. This makes IoT and ERP software a good pair to implement in future ERP. Internet of Things is the best feature to couple with manufacturing ERP software.
- Mobile ERP solutions
Mobile phones or cell phones are the future of technological advancement. Every user is mobile dependent in the current era, and mobile solutions are becoming more and more efficient. People these days rely heavily on mobile phones or laptops as it gives a great degree of portability. Portable devices are becoming popular due to their convenience. With the era of instant access to information, large companies are providing mobile integrated solutions to their clients to facilitate quick results.
ERP software is also moving towards complete mobiles solutions. The features like quick notification and alerts in ERP software are gaining popularity due to real-time notification alerts to the user. A person or group of people can easily manage the operations in the industry from their mobile devices instead of using computers which is not possible every time. ERP software can push notify, lets you create events, manage sales and approve orders from mobile phones. This makes mobile ERP solutions a necessity and a trend of 2021 in ERP software.
- Artificial Intelligence
Artificial Intelligence or AI is booming in every industry. We do not have cars that can drive themselves without any human intervention, or machines that are coded to complete operations without any human interaction. This makes AI a powerful tool to have in ERP software. AI can easily bring on absolute automation and machine learning coupled with AI can prove tremendously efficient. A great AI will not only facilitate easy working but also can shed down a plethora of work.
Artificial Intelligence when integrated with ERP software, can take decisions, work faster, and make fewer mistakes. AI can greatly help in sales and marketing by introducing a new form of marketing to improve the overall performance of sales and marketing. Inventory management can also improve with the integration of Artificial Intelligence with ERP software. AI greatly reduces the risk of over or under production, plus procurement of raw material becomes easy with the help of AI. Artificial Intelligence can also help in sending promotional bulk emails and SMS to clients to let them know about new updates.
Putting 2021 trends in ERP laconically, the above mentioned trends will give major boost in working of ERP software. ERP software has already proven to be effective solutions to all the industries, and implementing and integrating these features into ERP software will further enhance the functionality of ERP software.
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