Decided to embark on the ERP journey entails both opportunities and challenges. The process requires not only time and effort but also the support from every individual within your organisation.
Your organisation finally decided to embark on the ERP journey. This fantastic news signifies that your business is expanding and charting new waters. The new development could bring tons of new opportunities, what’s more, everyone is excited about the new future.
In the previous article, we touchbased on the business aspect of an ERP project and the reasons why organisations need to resolve their business issues if they want to successfully implement the new ERP system.
An Enterprise Resource Planning (ERP) system was built with the purpose of eliminating the redundant business process and ensuring the data flows smoothly across all functions and departments thus promoting interdepartmental collaboration.
The very first industrial revolution began sometime in 1760 with the increase in steam power usage, marked the rise of the factory system. Then came the second revolution following the introduction of electricity at the start of the 20th century. The third revolution began with the introduction of automation and information technology into factories. We now welcome the new age with Industry 4.0, the fourth, and certainly not the last, of the industrial revolution.
As cloud computing continues to mature, ERP vendors are turning their focus to delivering more industry-specific features, according to the recent 2017 ERP Technology Value Matrix Report by Nucleus Research.
TAL Apparel Limited, a provider of fashion supply chain products and services, has just finished the first phase of migrating its legacy ERP to Infor CloudSuite - a modern cloud-based ERP system. The transition went smoothly with minimal business disruption and is expected to help TAL Apparel Limited achieve impactful cost reductions and operational improvements.
ERP has been the backbone of manufacturing software for more than 25 years since it evolved from the predecessor - MRP (manufacturing resource planning). Such long history also means there is a certain resistance among manufacturers against dramatic changes in ERP technologies and deployment models. Still, many have come to realise that legacy ERP systems simply cannot keep pace with today’s competitiveness and customer demands.
Companies today are deploying an increasing amount of systems to support various business functions – accounting software, CRM, asset management system, etc. The downside though is that those systems are not always capable of “talking” to each other, especially if they are from different vendors.
Koch Industries, the U.S. second largest private company, is moving its core financials and HR processes to the cloud with Infor CloudSuite, the company announced on July 11. This huge implementation, which will be rolled out to more than 120,000 users globally, is yet another critical step to strengthen the partnership between Koch and Infor.