As this year draws to a close and we look ahead to 2018 and beyond, we are rapidly moving towards a time when everything we do will be
Topics: Owning or (Running) ERP
We are undeniably an industry that loves our acronyms – SCM, IoT, CRM, AI, PSAs. I could go on… Well, over the coming months and years you’re going to be hearing a lot more about a new acronym – DSN, or Digital Supply Networks. While there remains a certain degree of uncertainty around the impact that developments such as robotization, automation, AI and cloud-based technologies will have on the manufacturing industry, there is no doubt that these technologies already have – and will continue – to transform the way digital supply chains function.
Times are tough for manufacturers with global trends towards automation and mass customization placing increasing pressure on them to up their game. Coupled with this is the pressure from OEMs to meet ever more challenging KPIs relating to production turnaround times, quality standards or compliance. The implications of Industry 4.0 for manufacturers cannot be underestimated.
Topics: ERP for Manufacturing
The question ‘Are you ready for ERP?’ has already been answered by the world’s leading manufacturers. Now with ERP technology at the core of so many businesses, it is more pertinent to ask ‘Where and how can your ERP solution be improved to meet your current and anticipated needs?’
Before setting three Apollo astronauts on top of 2,350 tons of liquid oxygen, liquid hydrogen and kerosene, then counting down to launch, NASA sensibly ensured they adopted only the technologies they deemed ready to fly. They later standardised this approach and drew up a 9-point scale, against which every element of a development programme could be assessed for ‘Technology Readiness Level’ (TRL). This measurement process helped determine which nascent technologies to take forward through R&D, which ones to side-line and so on.