The business landscape is witnessing rapid changes in the technology front at present. Industry 4.0 technologies are changing business scenarios fast. Industry 4.0 technology consists of the Internet of Things (IoT), cloud computing, AI and machine learning, 3D printing, and robotic process automation.
These technologies, along with advanced technologies like smart sensors and advanced embedded systems, are generating a huge amount of raw data which needs to be processed. For this reason, powerful data manipulation software such as Enterprise Resource Planning (ERP) is the first step that Australian manufacturers need to take for the best use of Industry 4.0 Technologies. And ERP, such as Business Central, is logically the first step before other technologies are implemented.
Microsoft Dynamics 365 is one such ERP solution that helps Australian manufacturers by getting more analysis in action for decision-making processes. It will help the companies to be more responsive to changes in the market, and also to customer needs. The supply chain risks of production can be identified and mitigated at the early stage. And efficiency can be optimized and productivity can be increased by such actions.
Before investing in such ERP solutions, you need to consider if you need them or not. If your priority is scaling your business, then investing in a smart cloud-based ERP solution makes sense. You need to choose an ERP system that is the right fit for your business but also can be scaled up as your business grows. You also need to keep the below-mentioned things in mind before finalizing your ERP solution:
Data Analysis Capability
The data analysis capability of your ERP solution should be a primary concern before you invest in cloud computing, the internet of things, AI, or any such technologies. Modern technologies generate a vast amount of raw data. Your ERP system should be robust enough to store, manage and generate applicable insights from the data. Also, the system should accommodate other functionalities such as vendor management, stock management, invoicing, etc.
Scalability
A cloud-based ERP system is far better than an on-premises ERP system in terms of scalability. As your business grows, more ‘spaces’ can be rented from the cloud-based system. The system specifically designed for the Australian market has several features like an industry-specific Chart of Accounts, costing, unlimited transactions, etc.
The integration with Microsoft tools such as power bi adds more value to the software.
Advance Cybersecurity
Data is the most valued asset of modern organizations and it should be protected as well. The security of the Microsoft Dynamics 365 ERP is taken care of by Microsoft and thus is very secure.
Supply Chain Integration
Having a cloud-based ERP solution helps to manage the supply chain as well. From procurement of raw materials to delivering final products, everything can be integrated and all the information could be seen at the fingertips all the time.
From the benefits mentioned above, it is clear that cloud-based ERP systems are absolutely valuable for Australian businesses. Be it processes-based industry, oil, and gas, food and beverages, or almost every kind of business, the cloud-based ERP system can pave the way for Industry 4.0 technologies.
To get in touch with our Bizmaxus team,email us at info@bizmaxus.com or call us on 0420247594.
