The Future of ERP's Role in the Supply Chain Landscape
FREMONT, CA: Inadequate insights into the different activities and working procedures that goes on in a supply chain of an organization can render them incapable of creating processes that offer a sustainable competitive advantage.
Consequentially, the implementation of an Enterprise Resource Planning (ERP) system has a key role to play in various aspects of the creation and maintenance of a superior Supply Chain Management (SCM) process. Companies achieve the required insights with the implementation but then, when we talk about the future, how does the prospect look for ERP?
Technology and connectivity has grown by leaps and bounds, affecting every sector along with the way the consumers communicate. Consumers in today’s always connected world expect the product information and data to be available and transparent to them at all times. With this there are no exceptions. Despite ERP providing permission-based visibility into material need and material usage for the organizations, the governments and regulatory bodies have drastically increased expectations of the consumers for data access and availability over time which has now manifested in increased regulations.
So, the big question for the brands, producers, processors, distributors and others in the supply chain today is how to be able to service this increasing demand for data? The answer to that will be technology coming with an equally fervent pace of innovations to aid the brands in question.
With cloud, SaaS, IoT etc. creating space for potentially more agile and easier to manage solutions than what organizations are used to, there is every chance of them revisiting their data strategy if they’re still relying on ERP. The demand for access, transparency and demand for data will not slow down, and may most likely continue to accelerate, creating a limbo of paradox in the innovation space.