Not only Vietnam but also all around the world, moving to full ERP solutions is a very big step for any manufacturing companies. However, not all organisations gain the best ROI from ERP. The high failure rate of ERP implementation consequents to negative impacts, such as business loss, dropping market price, losing both market share and competitive advantage. According to a book about ERP by Ptak, ERP implementation failure rates are between 60-90%, which is very critical.
There is one similar attribute that all best-in-class manufacturers agree: their supply chain, distribution and service standpoint are very easy to work with the help from cloud-based manufacturing applications, especially Enterprise Resource Planning (ERP).
According to SIG (2014), analysts are predicting that social media and social apps will become a more significant component of the ERP landscape. Becoming more social can improve your company’s agility and facilitate competitive advantage. Making your enterprise social brings the power of the back office to the front office, helps customers collaborate, and drives growth.
The rise of new social media platforms such as Facebook, LinkedIn, Twitter, Tumblr and many more create an evolution in every aspect of the world, including business. ERP is not an exception of social media tide sweeping across the technology world. Today, the software applications will be expected to have the ability to provide users the communication and interaction needed within the organisation the way they’ve done in Facebook and other platforms.
In the last post, we have introduced the basic understanding of social ERP and collaboration concept in manufacturing as well as their benefits. Of course, manufacturers cannot build a successful collaboration strategy without a efficient, goal-oriented strategy to take the best advantage from social ERP.There are many types of collaboration, and each type requires different tools and priorities, and companies need to pay enough attention to all types of collaboration in order to have a unified collaboration strategy before moving to the next goals.
In the last post, we discussed about the 2 key factors to overcome operational challenges from shared ideas of top manufacturing executives in GatePoint’s survey 2013, which focus on taking advantage of new revenue opportunities and improving production processes using ERP solution. In this post, we will continue to share top executives’ viewpoint on how to make the best use of not only ERP, but other general business applications, as well as how to flexibly combine organisational processes with information system to bring out the best results.
Manufacturing always have a special hold on one country’s economy. In Vietnam, the transition from Agriculture to Manufacturing is still on its way. On the other hand, the pace of changes that manufacturing companies need to face is continuously increasing. Chemical, oil, gas, pulp & paper, steel and metal processing companies are rethinking, reorganising and reengineering their businesses so they can outperform their competitors and become more profitable.
In manufacturing world, several activities, if not all, are based on forecasting for future demands. For this reason, manufacturers have always treated demand forecasting as one of the most important foundations for accurate, timely and effective production.