The digital economy is both a boon and a challenge for business. On the up side, information and business services are available in real time. On the down side, the digital economy can give businesses information overload and make it harder to coordinate the ‘front and back office’.
It is because of these challenges that businesses need an enterprise resource planning (ERP) software solution. Integration of all business is the main focus of an ERP system. Each ERP system has different functional capabilities depending on the client’s needs and the goal trying to be achieved.
Features of ERP software may include office supply procurement, product lifecycle management and prototyping, Configure-Price-Quote software, as well as tracking for the delivery of raw materials for the manufacture of products. The ideal ERP software is broad enough to coordinate all front and back office operations but also has a depth of functionality that businesses demand.
ERP solutions provide different levels of business integration
Businesses gain many benefits by employing an ERP system. ERP software keeps track of a business’s design, production, distribution and maintenance operations and how these elements work together.
In 2016, an Indian aerospace company upgraded its ERP system to create to better integrate its supply business functions. On the company’s old ERP system, transfer of heavy metals used in construction was a tedious process. Also the old ERP’s interface was very slow in handling large data queries and transactions which slowed down the logistics operation. It’s new ERP architecture helps integrate business unit data and now ensures fast and efficient production and distribution of aerospace parts.
ERP solutions provide accurate reporting of issues within different business functions
Another benefit of an ERP is that it allows accurate data reporting of different business functions. An ERP system has an ‘analytics dashboard’ which is a data visualisation tool for the data stored inside a company’s ERP system. These dashboards can present data as a time period snapshot to help companies meet KPIs or in real-time so it can alert project managers to issues that need to be dealt with immediately.
The Solution – Cincom’s Control & Priority Suites
Cincom has two software solutions – Cincom Control and Cincom Priority Suites. They provide business integration; accurate reporting; and they can improve your company’s customer service.
Cincom Control is an ERP system specifically aimed for the needs of complex or advanced manufacturers who operate in the engineer-to-order or project manufacturing based industries with turnovers of more than AUD$50 million.
Control integrates workflow, business intelligence and execution tools into one application, successfully bringing together the company, its clients and suppliers, allowing them to operate in a seamless environment in a single solution.
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