ERP-The Key to Transforming Real-time Analytics into Competitive Advantage

By Martin Singaram, Head-IT, Valuepro International

Martin Singaram, Head-IT, Valuepro International

Today’s organizations have the zeal to analyze the data which are captured through ERP and set to get the keys to success. Entire strategy for the company’s forward path is decided by the relevant data analysis. Any presentation in the corporate now not only has pictures in PowerPoint but of the facts and figures derived out of the transactions happened in the system. None of the corporate wants any meeting that “can be, may be, could be” to check the failures and history. Now the real-time analytics provide what-needs-to-be-done actions-points proactively and not reactively. ERP—specifically, cloud-based ERP solutions—can play a critical role in helping decision-makers leverage this real-time data at every stage in the business. ERP is not a source of recording transactions but became a tool to take decisions on the transactions captured. The increased competition has forced companies to become more agile and find fresh revenue streams, all while reducing costs.

To compete globally, all firms must increase their speed, accuracy, and productivity to remain profitable. Advent of cloud computing has made all access to data and applications over the internet possible in real-time. Cloud-based ERP systems offer many advantages including increased data storage, real-time data access, scalability, and reduced costs. The cloud ERP lets firms access all that big data in real-time anywhere in the supply chain, from the shop floor to the distribution warehouse, allowing every department to react instantly to the changing needs of the business. Logistics firms can upload orders faster, respond to changing dispatch schedules more quickly and manage inventory more efficiently. This improved efficiency helps dynamically manage the transit time and makes end customer get the real-time visibility. Companies are spending less on infrastructure, maintenance, and lifecycle costs by as much as 54 percent, thanks to cloud ERP.

Cloud based ERP and Mobile Apps

Mobile applications are a part and parcel of any business now and the entire business of logistics is driven by the mobile application and maps integration with web application. Mobile technology allows managers and employees access critical data in real-time over a cell phone or tablet. The field people as and when travel to deliver the goods, the same has been tracked now and over phone real-time interactions happening between customer, employee, and real-time data being updated in system. A study from The Aberdeen Group found that companies who have already implemented some kind of mobile software into their operations realized a 44 percent increase in efficiency.

Wearable Devices in Ecom Warehouse

Google Glass is a natural forerunner. Glass technology could also serve as potential replacement for old, expensive bar code readers and scanners. This has been applied in the floors of warehouse of Ecommerce companies and pick in the floor is easy and now, the work pressure is being changed to work pleasure.