There was a time when complex spreadsheets, messy paper bills and voluminous folders were used to maintain historical records of business transactions. When businesses grew in scale, such antiquated systems also got obsolete. They were replaced by ERP systems which were more than just organising and scheduling modules for manufacturing enterprises. They combined the virtues of business planning and management, production scheduling, inventory control, customer relationship management and alignment of partners in the supply chain. Although a radical and positive trend, legacy ERP systems had a major flaw. They could be deployed on-site only and their upgrades took a long time. Hence, businesses got paralysed and profits took a major hit. Moreover, legacy ERP systems were not economically-feasible, slow and hard to use by non-technical users. As per a report by Gartner, “The net result of 15 years of continuous customisation is that these ERP implementations are now extremely arthritic, incredibly slow and expensive to change.”
The manufacturing sector is fraught with competition and susceptible to an ever-changing market ecosystem. To remain at the top of the game, manufacturers need ERP systems that can be deployed and maintained off-site, are scalable, flexible, cost-effective and easy to use. This has led to the advent of modern cloud-based ERP systems.
Here’s why your manufacturing unit needs a modern ERP system:
Modern ERP systems are cost-effective
Legacy ERP systems are costly to deploy and maintain. Their upgrade is also a mammoth task, eating into the company’s funds. Moreover, if your organisation’s needs demand constant modification in hardware or software, legacy ERP systems become non-viable. Operating cost of modern ERP systems is low and they can easily be scaled up or down as per requirement.
Modern ERP systems have great functionality
Legacy ERP systems may not be equipped to deal with constantly-changing business models mushrooming in the manufacturing sector. They can be slow and inflexible and prove to be an impediment to growth. Ancient ERP systems are not equipped with business intelligence and collaboration sensibilities that are present in modern cloud-based models. Modern ERP systems have unmatched agility and flexibility.
Hardware and software upgrade is quick
Rapid advancements in manufacturing models and technologies can cause your ERP systems to become outdated or difficult to maintain in the long run. If support for your ERP software is non-existent, the system becomes redundant and a wasteful expense. Similarly, outdated hardware requires fund for integration and enablement. At the end of it, legacy ERP systems do not seem like a worthwhile investment. On the other hand, cloud-based ERP systems are extremely economical in the long run and a great investment that can reap rich returns at no extra cost and effort.
Easy access to business information
Cloud-enabled ERP systems have centralised data storage, share ability of data-driven tasks and web-based access to services and resources. They provide valuable business information in seconds which enables quick decision-making.
3i-Infotech’s ORION ERP for manufacturers is cloud-enabled with cutting-edge technology that offers business intelligence and relationship management – a must for your business!