Manufacturing, distribution and service-oriented companies are facing critical challenges. To service in the new global economy, companies need to be continuously reinventing themselves. They need to rapidly add new products and acquire new businesses. They need to build new partnerships and channels. They can no longer depend on the same set of suppliers tomorrow that they do today. And they cannot expect to do business the same way as they enter new and/or emerging markets.
For these reasons*, enterprises large and small need a new kind of ERP; one that's faster to deploy and that can:
- Adapt very quickly
- Go into the hands of all employees, customers and partners immediately, with little to no training
- Provide continuous visibility into their critical operations and processes
Reason #1: Agility to Respond Dynamically and Proactively to Changes
Agility is a company's ability to quickly react to major changes in business conditions without disruption. Intel's battery manufacturer is a great example of this, moving their "A123" operations from South Korea to the USA because of labor costs and disputes, without disrupting their manufacturing, distribution or customer service.
Cloud-based ERP, like SAP Business ByDesign, provides a platform ideal for global agility. The system can go and adapt easily. And more importantly, empower users to respond quickly.
Reason #2: Enterprise-wide Collaboration
Further, collaboration enables companies to: take advantage of new opportunities as they arise, boost internal productivity, and improve communication with customers.
Reason #3: 360-Degree Visibility Across the Enterprise
Visibility means that people in every department can understand what's going on at all times. Whether it's the status of an inbound shipment, an alert to customer payment issues, QA issues, or problems with a certain vendor, managers must be able to see and understand what's going on. As cycle times speed up and supply chains become more complex, visibility into what is happening is even more crucial.
That same visibility means that everyone can view and update information through on-demand reports and dashboards. That information could be useful for Finance, Production, Sales or anyone else in the enterprise. Users should be able to see up-to-the-minute production schedules, customer accounts, pending orders, and even inventory levels to see what's available to promise prior to engaging with a supplier or customer.
Cloud ERP systems enable enhanced visibility because they give all parties involved the ability to see critical information about current statuses through dashboards and Crystal clear reports. In addition, they give users the ability to collaborate more quickly and efficiently for any outstanding issues. Everyone can use the system, so everyone can provide the data; making the flow of business faster and more efficient than ever before.