ERP in 2018: What to Look For
As 2017 winds down and we start looking forward to the coming new year, businesses which depend on technology are taking note of predictions for intelligent ERP systems in 2018. Technology is an ever-evolving field, and Enterprise Resource Planning (ERP) software systems are on the leading edge of exciting trends for the coming year.
Where Is ERP Heading? ERP systems are intelligent applications that are changing the way businesses use technology. In the coming year, we can look for ERP advancement in more automation of tasks, more active incorporation of data and information analysis, and with increased attention focused on predictive outcomes or possible alternatives.
For example, one prediction asserts that 90 percent of ERP applications in use by 2021 will make use of an architecture system that auto-detects and evaluates conditions within the business, then makes decisions on responding.
What to Look for in 2018The predicted evolution of ERP in the coming year gives many in the business world reason for excited anticipation. Others may find themselves a bit nervous over the predicted changes, questioning the maturity of these new systems as they roll out.
Regardless of which way you’re leaning, here’s some of the top predictions to look for in the sphere of ERP software.
The growing use of machines in manufacturing has steadily increased over the past decade. Most of this proliferation is a direct result of computers and digital technology. Businesses use ERP to automate and optimize operational functions, resulting in lower costs and less errors in activities such as product delivery. Most predictions see this push toward automation to continue in 2018.
Increased outsourcing and leasing
The ongoing migration of ERP to cloud-based solutions is a driving part of the movement toward more efficient systems. Outsourcing business information technology (IT) responsibilities to the cloud is likely to continue. This practice helps businesses, especially those involved in manufacturing, to focus their resources where they need them the most. Outsourcing and leasing of services in 2018 will likely grow from its current level.
Reevaluation of enterprise system strategies
The global economy is improving, leading more companies to scale for growth as capital investments move forward with momentum. Many companies are up against the end of legacy system lifecycles, some dating back to 2000. This situation spurs many to revisit their ERP systems when moving into 2018 and redefine what they expect from their enterprise systems.
Increased service offering
More and more companies are offering services related to their products, and ERP plays a key role in this trend. Increasing service offerings finds more businesses and manufacturers engaging in partnerships with ERP vendors for software and other system solutions. ERP vendors are helping businesses to analyze their operations and offer improvement suggestions, including ways to make the most of their ERP systems. Some of the improvements coming on board in 2018 include automations, digitization, improved mobilization and modernizing of facilities, business processes and reporting.
Advantages for global companies
Cloud-based ERP is providing an impressive advantage to global companies making use of this ever-growing feature. A cloud-based ERP system facilitates the syncing of data, regardless of the physical location of the company’s departments. Users can all gain access to the same cloud-based system through their browsers or mobile devices from anywhere. Multi location deployment is much easier with a cloud-based ERP system. A few convenient clicks allow coordination of business efforts in multiple regions around the globe. Cloud-based ERP systems supply the logistics needed for successful economic activity around the globe, and 2018 promises to see that trend continue.
Looking Good in 2018The evolution of business solutions using ERP is making for exciting anticipation for the coming year. Businesses, especially manufacturing, with global reach are hard-pressed to function without an ERP system now. This need for a great ERP system, preferably cloud-based, looks to continue.