ERP (Enterprise Resource Planning) is a software system that streamlines, automates, and integrates multiple business processes from a unified dynamic platform. It lets organizations gather data from various modules, like inventory, logistics, financials, operations, manufacturing, customer service, etc., forming a holistic and tightly integrated supply chain network. Using a powerful ERP in the upkeep of a supply chain not only saves sizeable amounts of time, money, and manual effort but also plays a critical role in predicting and responding strategically to unexpected supply chain disruptions. Today, amidst persistent economic and market constraints it is impossible to maintain a resilient supply chain without the relentless and pioneering support of an agile and cloud-based ERP.
Pros of integrating ERP into the supply chain
When you adopt an ERP to support your supply chain, you seamlessly get a bigger picture of the entire line of processes that makes up your supply chain. This awareness lets you make smarter choices and quicker decisions fueling faster growth and increased productivity of your organization.
Mitigate siloed data and communication
Organizations quite often experience challenges with updating and transmitting real-time information between departments. An ERP transforms such interactions by breaking down departmental barriers and syncing out data across the organization.
Glean real-time insights
An ERP gives you the unbeatable advantage of real-time visibility and insights into your supply chain operations, churning out live metrics that let you constantly evaluate and analyse the efficiency of your supply chain. This lets organizations instantly respond to operational hurdles or other disruptions.
Advanced supply chain technologies like Microsoft’s Dynamics 365 SCM solution come with business intelligent features that easily help in extracting real-time reports and data analytics to identify operational trends. As the users get complete transparency of the supply chain, they can easily identify production and quality issues, if any, at a very early stage and address them promptly to avoid reputational damage.
Inventory management and warehouse forecasting
With a robust ERP like Dynamics 365 SCM, you get a complete overview of your inventory and its live status. With effective inventory control, it becomes easier to strategically track and forecast stock-outs and fulfillments, avoiding any delay in the operations.
Supply chain operations are most vulnerable to market changes and disruptions. Hence its resilience and sustainability are of utmost importance for the growth and survival of an organization. Only a resilient and flexible technology can prepare and equip the supply chain well enough to strategically manage and deal with unexpected risks without jeopardizing the organization.
The pandemic has tested the strength and resilience of supply chains across the world, and the crisis is here to stay longer. So, organizations need to empower and build flexibility to shield themselves from future challenges. To stay ahead of the curve, supply chain leaders need to adopt advanced and agile technologies like Microsoft Dynamics 365 Supply Chain Management that provide the visibility, strength, and flexibility required to navigate through future challenges and disruptions. It ensures that your business is strongly positioned to focus on growth and sustainability.