The Fourth Industrial Revolution is set to change the production industry. Technologies are transcending computer capabilities and making it possible to solve previously unattainable challenges, unlocking human potential by curbing time-consuming admin and creating an inclusive realm where employees, customers and countries benefit from these technologies despite the stage of development of each aspect.
The World Economic Forum’s Readiness for the future of production report 2018 discusses how companies can use technology to compete on a global level. The report states that companies seeking to improve their production base must seek enablers and develop a strategy to capitalise on the technologies of the Fourth Industrial Revolution. Systems can’t be built in isolation. Globally connected systems that integrate standards and norms across a diverse set of networks are needed for this. When regulation and legal frameworks for emerging technologies are developed at the sector level, it makes it easier to do business across global value chains. The cooperation between different offices in your company makes it easier to leverage collective strengths needed to compete on the global scale.
But before you can do business at this level, you need to build the foundation with the right software to help accommodate it.
Use ERP software as your foundation
Systems and processes that work in silos can restrict your business from growing at a more rapid pace or remaining agile in today’s economy. Sage Business Cloud Enterprise Management or just Enterprise Management for short, integrates various parts of the business such as purchasing, manufacturing, inventory, sales and customer service to provide a holistic view of the business’s performance. The system produces real-time analytics and greater insights into costs and operational performance across the organisation, sent directly to the right people.
The manufacturing software in Enterprise Management handles the entire manufacturing operation faster and more effectively – from procurement and scheduling on the shop floor to inventory, sales and financials. The system provides better insights on quality and costs to promote strategic collaboration and improved operational efficiency. It is the perfect stock control system because Enterprise Management optimises your processes by gaining real-time control of overwork order details and more accurate insights into your production costs.
Take Enterprise Management to a global level
Once it’s set up in one office, the system can be duplicated across locations because it’s able to support the complex dynamics of multiple companies, sites, legislation, languages and currencies. Enterprise Management supports all these dynamics off a single system. An entire business is managed from one integrated system. Even if a customer collects a delivery from a different branch, it will automatically update and reflect on all systems. One set of master data will exist with company-wide access, improving collaboration.
Opportunities for growth can be seized upon quickly because Enterprise Management is so scalable and flexible. You can add a new business location to the system and apply the existing processes in literally a few clicks.
Read on for more details on what an integrated system will look like in your organisation and why it’s in your best interests to eliminate silos of systems at the core of your business.