The pandemic has certainly changed the world. Our lives and economy will look different when the world returns to normal, which will affect the way we work, our business processes and daily activities.
Since the 1960s, companies around the world have been using ERP solutions to align business processes – from accounting, procurement planning to human resource management. But what is the role of ERP solutions for the business world after COVID?
ERP will be at the center of a new way of doing business, providing solutions, considerable time savings, and the benefits that companies need to constantly grow and develop. How will ERP solutions achieve this?
ERP supports remote work
If COVID has taught companies around the world anything, it is that working remotely is more than a viable option for almost any company. Moreover, many companies allow their employees to continue working remotely if they wish, as they have noticed the benefits of reduced operating costs, stress, and other benefits. ERP gives a great advantage to remote work, providing many ways to collaborate, access data, and communicate, regardless of location.
Creates flexible supply chains
Flexible supply chains help manage such challenges by using external data to improve supply and demand forecasting. Companies should also consider increasing and expanding their supplier ecosystem.
Now is the right time for companies to build a digital supply chain and become smart Industry 4.0 manufacturers. With the cloud, you can take advantage of real-time visibility, which can be especially important when it comes to managing supply chains. This helps companies understand weather patterns (which can be affected by climate change) and the reasons for supplier delays. You can finally get involved in real-time decision-making. And of course, supply chains will benefit from increased efficiency and less reliance on manual processes.
Automation speeds up the delivery of goods to consumers
Following COVID, data-driven decision-making will be crucial. Through the automation of every modern ERP solution, you will be able to use real-time reports and analytical dashboards to view all your financial data within minimal time.
Social distancing measures will certainly increase the need for automation in retail warehouses. The increasing use of robots and other automation equipment significantly increases the efficiency and speed of delivery of goods to consumers. This also applies to all types of automation, from simpler ones such as software widgets for repetitive process automation, to solutions that have artificial intelligence capable of digitizing entire functions.
Automation improves efficiency, productivity, flexibility and reduces the possibility of error. ERP accelerates automation, which makes it the backbone of modern business.
Choose an ERP solution that will keep up with your business
Microsoft Dynamics 365 Business Central brings state-of-the-art business process management technologies, enabling companies to focus on their business and growth. This modern tool is part of the Dynamics family of business applications. It is fully integrated into the Microsoft ecosystem, makes everyday tasks easier, with advanced capabilities for planning and anticipating business change.