The next five years in the manufacturing process ERP modernization strategies.pdf

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The next five years in the manufacturing
process: ERP modernization strategies
ERP systems have been the backbone of manufacturing operations for many years, but
they are evolving rapidly. In this blog, we will explore the ERP modernization strategies
that will shape manufacturing processes over the next five years.
1. Apply cloud ERP: Discuss the transition to cloud-based ERP solutions. Highlight
benefits such as scalability, accessibility, and cost efficiency. Explain how cloud ERP
supports remote working and collaboration.
2. IoT integration: Explain the importance of the Internet of Things (IoT) in the
manufacturing sector. Describe how sensors and IoT devices can feed real-time data
into an ERP system. Discuss the benefits of predictive maintenance and data-driven
decision making.
3. AI and machine learning: Explore the role of artificial intelligence (AI) and machine
learning (ML) in modern ERP systems. Explain how AI can optimize production
schedules, inventory management, and quality control. Shows examples of AI-powered
predictive analytics.
4. Blockchain for supply chain transparency: Discuss how blockchain technology can
improve supply chain transparency and traceability. Explain how ERP systems can

integrate blockchain to create secure, immutable records. Emphasize the importance of
trust and data security in the manufacturing process.
5. Mobile ERP applications: Discuss the growing importance of mobile ERP
applications. Explain how mobile apps can empower shop floor employees. Share
examples of mobile ERP use cases in manufacturing.
6. Customization and integration: Emphasize the need for ERP systems to be
customizable and integrated. Discuss the benefits of integrating ERP with other
software solutions, such as CRM or MES. Highlight the role APIs play in achieving
seamless integration.
Axolon is a top ERP software Dubai, and it can assist your firm in automating and
streamlining processes, increasing production and efficiency, and improving your
bottom line. It provides you with a competitive advantage over organizations with old
systems or disjointed corporate software.

ShantiTechnology's Manufacturing ERP software in India is a game-changer for businesses in the manufacturing sector and is also engineered to meet the unique demands of the engineering sector. Our software empowers manufacturers with real-time insights, process automation, and seamless integration, allowing them to optimize operations, reduce costs, and stay competitive in the dynamic market landscape.

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Evolution of erp systems

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The document discusses the history and evolution of enterprise resource planning (ERP) systems from the 1960s to present. It begins with a brief overview of how ERP systems emerged from earlier systems like inventory control packages in the 1960s, material requirements planning in the 1970s, manufacturing resource planning in the 1980s, and became popular standalone systems in the 1990s. The document then examines key aspects of ERP systems including their definition, benefits to organizations, and issues during implementation.

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The document discusses the evolution and history of ERP systems from inventory control packages in the 1960s to extended ERP systems today. It describes how ERP systems evolved from materials requirements planning (MRP) systems in the 1970s to manufacturing resource planning (MRP II) systems in the 1980s to integrated enterprise resource planning (ERP) systems in the 1990s that began to incorporate additional modules. Today's extended ERP systems provide connections to functions like customer relationship management (CRM) and supply chain management (SCM). The document also outlines some of the benefits and challenges of implementing ERP systems for organizations.

The document discusses Enterprise Resource Planning (ERP) systems. It defines ERP as software that integrates different business functions like finance, logistics, manufacturing etc. into a single system. The evolution of ERP is described from initial systems that integrated different departmental functions to current Internet-enabled ERP systems that facilitate e-business through integration with CRM and SCM modules. Extended ERP systems use a web interface to connect external modules for customer relationship management and supply chain management.

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ERP Trends 2024: What Engineering and Manufacturing Industries Need to Know

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Session 1

rajeevgupta

The document provides an overview of enterprise resource planning (ERP) systems, including: 1) It defines ERP systems as software that integrates business functions like manufacturing, distribution, accounting, and HR. 2) ERP systems evolved from inventory control packages in the 1960s to materials requirement planning in the 1970s and ERP in the 1980s as technology advanced. 3) ERP systems have advantages like increased visibility and integration but also challenges like high costs and complex implementations.

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Enterprise Resource Planning (ERP) systems are necessary to improve an enterprise's management performance. However, the perception of information technology (IT) professionals about the integration of artificial intelligence (AI) and machine learning with ERP cloud service platforms is unknown. Few studies have examined how leaders can implement AI for strategic management, but no study has qualitatively explored AIs integration in the cloud ERP system. This qualitative phenomenological study explored IT professionals’ perceptions regarding the integration of AI and Supervised-machine (S-machine) learning into cloud service platforms in the enhancement of the cloud ERP system. Two research questions were developed for this study: 1) What are the perceptions of IT professionals regarding the use of an AI model to integrate SaaS and ERP? and 2) What are the perceptions of IT professionals regarding how AI can be integrated in order to enhance the security of using an ERP cloud-based system? Through a hermeneutical lens and a focus on integrating the Application Programming Interface (API), purposive sampling was used to interview five AI experts, three Machine Learning (ML) experts, five Cybersecurity experts, and two Cloud Service Providers provided their lived experiences with AI and S-machine learning. Five main themes emerged, including 1) use of an AI model to integrate SaaS and ERP helped perform work efficiently, 2) challenges for integrating AI into cloud service ERP and SaaS, 3) resources needed to fully implement an AI into cloud-service ERP or SaaS, 4) the best practices for developing and implementing an AI model for ERP and SaaS, and 5) how security of an ERP clouds-based system is optimized by integrating AI. The culmination of these findings has positive implications for individuals and organizations to improve management performance. While this study does not proposal a new theory, this study extends current literature on the application of theories related to technology integration.

Future tech where will erp be in 2 years

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Enterprise resource planning (ERP) systems are critical to many companies' operations but are known for failed implementations and high maintenance costs. ERP tracks financial and operational data across departments. Experts predict ERP will evolve in the next two years to be simpler to deploy through cloud computing, have improved user interfaces tailored to different user roles, and incorporate advanced analytics to allow faster, more informed business decisions. Vendors will offer more modular systems and integration between cloud and on-premise ERP to give customers more flexibility.

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Digitalization of operations of micro industries using web-based ERP system.

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This document summarizes a research paper that aims to develop a low-cost and easy-to-use web-based ERP system for micro-scale manufacturing industries in India. The system would digitalize key operations like inventory management, employee records, machine maintenance schedules and more. It would be developed using the free website builder WIX to keep costs low. The researchers present their methodology and prototype of the web-based ERP system, which features tabs to navigate different functions. They conclude that such a low-cost and customizable system could help boost efficiency in micro-industries and solve unemployment problems.

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The transformation of ERP has led to what we call the “next generation ERP System”. References : J.Albarakati, A., & Qayyum, J. (2015). Next Generation Enterprise Resource Planning: ERP II. International Journal Of Applied Information Systems, 8(6), 5-8. doi: 10.5120/ijais15-451329 Epicor Europe. (2010). The business value of next-generation ERP (p. 4). Middle East and Africa Headquarters. Quirk, E. (2018). What Will Next-Generation ERP Look Like?. Retrieved from https://solutionsreview.com/enterprise-resource-planning/what-will-next-generation-erp-look-like/

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