Enterprise Resource Planning (ERP) systems, as the name suggests, enable a company, no matter the industry, to better plan the use and management of its resources and achieve seamless operations. Such solutions, when integrated with the Internet of Things (IoT), i.e. a network of connected devices that enables the exchange of data in real-time, can work wonders in the manufacturing sector. No, really. Now, if you are wondering why that is, allow us to demonstrate via some key benefits of this duo.
- Better management of assets: Perhaps one of the best things about technologies and their evolution that helped businesses tend to their assets, machines, and equipment much better than before, i.e. not wait to tend to it till it has broken down and rendered unproductive, even if temporarily so. But thanks to IoT sensors embedded in such assets, it becomes that much easier to identify any wear and tear, any issues, etc. across their lifetime. These factors are then flagged to the ERP software, which then further informs the appropriate teams and people responsible for the maintenance of such assets. This allows companies to undertake preventive maintenance, thus prolonging the life of their assets. It also helps ensure that operations are not interrupted since maintenance work can be scheduled in a manner to prevent or minimize downtime.
- Access to real-time analytics: As the basic idea of IoT suggests, what they do is double up as a source of 24x7 information. They glean data collected from the sensors and then channel said data into the requisite systems. This ability to collect data at all times, from all the connected devices, means manufacturing businesses can process the data through ERP systems to gain access to highly valuable information such as market trends, processes that might need improvements, any possible quality issues, and so much more. Such information, in turn, drives much more informed strategies and marketing-related decisions and that too in real-time.
- Improved quality control: Quality is typically one of the key concerns on the priority list of any business involved in manufacturing, no matter what it is that one may be making. Of course, this is where long-established, archaic quality checks would come in, but the problem is that it is quite time-consuming, prone to high levels of human error, etc. This problem, thankfully, is easily addressed with an IoT-integrated ERP solution, which can empower companies and their management to better the quality of their offerings via round-the-clock monitoring of their production processes.
As the world and the technologies around us continue to evolve at a dizzying pace, ERP solutions have emerged as the crowd favorite for all modern businesses. Now, as evidenced from the above discussion, the said popularity of enterprise software development, fortified with advanced technologies such as IoT, artificial intelligence, etc., can bring a world of benefits to manufacturing companies as well as those operating in other sectors across the globe.
Hence, driving the demand for such solutions further up. With that being said, if you too wish to make use of all the aforementioned benefits and countless others such as automation, better levels of customer service, and more, you know the integration of ERP with IoT is the right way forward.