Sunday, March 16, 2008

The future of ERP

Covering functional gaps, providing seamless integration and incorporating SOA are some key trends in ERP, says Ranga Pothula

Manufacturers are under constant pressure from customers, shareholders, and suppliers to continuously improve and make better products quickly and efficiently. Competing in a dynamic environment and meeting global challenges requires agility. Successful companies must be able to respond quickly and cost-effectively to change. The change could be of any type; shift in customer demands and supply chain partners, modifications to a business model or business process, business expansion and the need for new initiatives like outsourcing, and regulatory pressures imposed by financial markets, industry groups, and government bodies.

Manufacturers need to convert their factories into responsive, demand-driven, profit-making enterprises by optimising their operations. Their competitive advantage and ultimate survival depends on the use of information systems and technology.

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