5 Most Promising ERP Trends To Watch Out in 2021

5 Most Promising ERP Trends To Watch Out in 2021

An organization may employ the most sophisticated software in the world, but the system serves little purpose unless the information is managed accurately, periodically, and completely.  In this modern age of ever-evolving technology, businesses are required to level up their game to stay competitive in the world which is reshaping its dimensions continuously. Technological innovations and revolutionary artificial intelligence algorithms have pushed businesses to a certain unexpected level. These advancements pave the way for the unpredictable future of business operations. 

What’s more? 

Trends, for example, acquisition of manufacturing ERP systems and consumerization of information technology (IT) have decreased the abilities of the chief information officer (CIO) for the regulation of technologies that are utilized in a corporate network. Moreover, trends such as Bring Your Own Device (BYOD) are continuously and tremendously influencing businesses. The IT department of an organization must mandatorily embrace new evolving technologies for numerous reasons. 

Considering the reality that businesses are increasingly relying on ERP software to streamline business operations, these systems are evolving at a tremendous pace parallel to the tech innovations with the incorporation of AI-powered technology to support a wide range of functions. 

Let us acknowledge ourselves more about the latest trends of ERP software for manufacturing that are going to reshape the dimensions of this world over time. 

Mobile ERP

Mobile phones are in everyone’s hands in this modern age and people cannot imagine their lives without them. Considering how the complete world is accommodated with mobile devices, ERP solution providers are coming up with mobile ERP apps with an extremely user-friendly interface. With the assistance of such ERP mobile applications, users do not have to sit in front of their computers for hours to run their manufacturing management software. Mobile ERP provides on-the-go access to some of the most critical and crucial business data, permitting employees to conduct both front-end and back-end tasks no matter where they are. 

Predictive Analytics 

The craving for AI-powered ERP software brings the spotlight on companies’ increasing desire to mine their customer and operational data for new insights that will boost the top and bottom lines.  The main focus in 2021 and forthcoming years is the utilization of predictive analytics to address and uncover what is going to happen soon with the analysis of ERP data. For instance, software possessing machine learning capabilities can go through the organization’s maintenance data regarding machine repair for the prediction of breakdowns that will likely be encountered in the approaching time. 

AI-Powered Improvements and Insights 

Revolutionary machine learning and innovative artificial intelligence capabilities incorporated in ERP for the manufacturing industry work behind the curtains to meet the evolving demands of personalization and enhance a wide range of business processes. Vendors are currently offering ERP solutions with built-in artificial intelligence capabilities which will likely evolve more with time. 

Artificial intelligence is capable enough to provide significant advantages for business such as: 

  • Enhanced processes: AI helps in the automation and enhancement of a wide range of business operations and processes. It can optimize supply delivery and labor schedules to decrease costs and increase productivity. 
  • More insights:  As companies gather more customer and operational data in comparison to the past, they acquire innovative artificial intelligence algorithms to deliver valuable business insights. AI is capable of analyzing unstructured information which was not possible before. 

Personalization

Historically, the customization of ERP production management software having complex scripting languages was difficult according to business requirements. Thankfully, organizations can now leverage the advantages of cloud ERP platforms that are basically designed for easier configuration, which are called “low code” platforms in the language of analysts.  There is an evolving range of ERP solutions tailored to the requirements of certain industries. 

As organizations are focusing on providing more customized and relevant experiences to their customers, they need ERP systems that can accommodate features such as customizable dashboards. One evolving trend is the progressing popularity of AI-powered conversational user interfaces for example chatbots. Such voice assistants can interpret the user’s voice and answer the questions according to the stored data within the ERP. 

Two-Tier ERP

Two-tier ERP is one of the most prominent trends not only in 2021 but also in upcoming years. It is a strategy that permits organizations to anchorage their investment in the existing ERP software at the corporate level, while divisions and subsidiaries operate with the utilization of different ERP solutions that are usually cloud-based. Giant organizations may continue to utilize their core ERP system for financial as well as other core processes while small-scale businesses turn to such solutions that address their specialized requirements. Hence, there are numerous benefits of this approach for the successful implementation of ERP

What To Expect From The Future?

Due to tech innovations and advancements, the current market is accommodated with some of the best ERP software. The transition of manufacturing management software to cloud ERP will likely progress as soon as companies realize that they can effortlessly attain the required agility and speed in today’s marketplace, and only when they’ll shift their ERP and its modules to the cloud. Those organizations that have invested in cloud ERP will continue to discover more methods to obtain the power of the cloud. 

Considering the pandemic outbreak, organizations will also continue to focus on the assurance of ERP software optimization for remote work in the near term.  This includes offering more mobile ERP functionality, supporting remote training, ensuring secure remote access, and escalating workflow automation. 

One more trend to keep an eye on manufacturing software systems is the further expansion of ERP with supply chain management capabilities for the protection of organizations against supply chain disruptions or other swift changes in global economic stances. 

According to the ABI Research Principal Analyst Michael Larner, 

“Supply chain orchestrations need ERP software to be more than just a system of record and provide run simulations, risk analysis, and enable manufacturers to develop a better understanding and prepare for supply chain shocks”

Hence, there would be no wrong in saying that ERP software is opening gates to the unpredictable future of business. Also, businesses should come up with a splendid choice of ERP software to stay competitive in this world. MIE Trak Pro is undoubtedly the best ERP quality management software and what makes this software stand out is its flexibility, scalability, and data-driven production quality.