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A beginner’s guide to the three main types of ERP system deployment

There are various factors to consider when selecting an enterprise resource planning (ERP) system for your business. You must consider budget, existing IT infrastructure, size of IT department, and flexibility and control over the system – to name a few. Regardless of your industry, an ERP system can result in a more effective and efficient business. GISuser.com breaks down the three main types of ERP system deployment to help you figure out which is best for your company.

  • On-premise ERP – “This is the traditional method, where the software is manually installed on your company’s own computers and servers. It gives you total control over the system, although this also means that you are responsible for issues such as maintenance, security, troubleshooting, and back-up of the data and software. It usually involves a large up-front cost to buy the license, but gives you greater flexibility. This method is generally only used by large corporations.”
  • Cloud ERP – “This is where your software and data are hosted on a remote, third-party server. The up-front cost is much lower and instead you pay a regular subscription fee for access (which over a long enough period of time could of course exceed the upfront cost of on-premise ERP). Maintenance and updates will all be handled for you, as well as security and back-up of data. However, it’s important to remember that if you work in an industry with particularly sensitive data the level of security may not be sufficient for your needs. This method is popular with small and medium-sized businesses.”
  • Hybrid ERP – “This is an increasingly common option and as the name suggests is a blend of on-premise and cloud deployment. It may be suitable for you if your business has an existing on-premise system that you want to blend with the cutting-edge technology of a cloud system. It’s flexible and brings you the best of both worlds (although perhaps not to the same level), but it can be complex.”

 

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Nylacast Forges Future-Proof Operations with Infor

Nylacast, a worldwide leader of precision engineered polymer solutions, has chosen Infor CloudSuite Industrial as its core technology platform. Having an aggressive growth strategy, Nylacast will utilize Infor’s application to shorten the timeline of achieving new capabilities within both its automotive and engineered products divisions, reducing risk and minimizing business disruption. Deployed via multi-tenant cloud and implemented by Infor partner JPO Solutions, According to the press release, Nylacast chose CloudSuite Industrial based on the enhanced functionality it offers over the existing on-premises application, the reduced management demands it is expected to make on Nylacast resources, and the robustness and flexibility cloud-based technologies offer. “This decision is based in our desire to develop a truly future-looking ERP system,” said Mark Bevan, CFO of Nylacast Group. “Moving to the cloud not only reduces cost but cuts the complexity of managing the hardware and enables us to continually evolve new capabilities instead of being confined to large-scale, cyclical releases that come with larger risk.”

 

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Zadig&Voltaire Switches to the Cloud with Infor CloudSuite Fashion for its Transformation

Zadig&Voltaire, a French ready-to-wear brand with operations in more than 30 countries around the world, has decided to deploy Infor CloudSuite Fashion, a cloud-based enterprise resource planning (ERP) solution for the management of end-to-end fashion processes. The company’s objective is to move quickly and, to achieve this, to opt for a standard solution that does not require any specific customizations. Per the press release, three main principles guide the implementation of this project: to make simple functional choices to encourage teams to adopt the solution, opt for a standard product to facilitate its maintenance, and redesign processes to adapt them to the tool, thereby aligning the entire organization with market best practices. Alliance partner CGI will accompany Infor on this project.

 

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Mobile ERP – 6 perks to having software in your pocket

Enterprise resource planning (ERP), once thought of as a slow-moving system, is now a must have, fast moving vital tool for your business. In a time of real time access to information, today’s mobile workforce expects their enterprise software to be accessible anywhere and on any device. Mobile ERP gives executives and employees access to real-time information as well as customer communications. Tech HQ shares 6 perks to having a mobile ERP.

  1. Flexibility – “Mobile-based ERP provides unrivaled convenience in data logging by making it easy for workers to enter all relevant data accurately, whenever the need arises, without re-keying the data into backend systems when they’re back at their desk.”
  2. Quality Data – “Mobile-based ERP can be designed to capture bad data and erase it from entering your ERP system, thus helping you to collect data more easily.”
  3. Greater Productivity – “Mobile-based ERP helps to use that time more productively by providing mobile workers all the right tools, materials, and information to eliminate downtime significantly, giving companies who implement this technology that extra edge over competitors.”
  4. More Visibility – “Tracking activities in multiple areas has never been easier with mobile-based ERP. If there is a need to monitor business operations in different locations, this can be done at the tip of their fingers with ease.”
  5. Agile Systems – “For most users of the mobile-based ERP, it will allow them to simplify strenuous and time-consuming processes that would have been tedious and repetitive.”
  6. Improved Quality of Service – “With instant access to relevant information regardless of where mobile workers may be, mobile-based ERP enables any queries to be resolved and data to be provided to customers immediately. This serves to help boost sales prospects to customers who would otherwise have had to wait.”

 

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The Impact of Big Data on ERP

Enterprise Resource Planning (ERP) systems play a crucial role in businesses. Unfortunately, not every firm has taken advantages of the benefits an ERP system can have on business. One such advantage that companies should learn to master with this tool is with Big Data. When integrated with Big Data, your ERP system can achieve better processes and drive substantially higher revenue. Marketing expert Mrunal Chokshi shares an article on Customer Think on the huge impact of Big Data on ERP. and why this integration is a necessity for businesses in today’s day and age.

  1. Understand customers better: What big data does is empower ERP systems with better insights and data, sourced from a variety of new sources, including social media.
  2. Better supply chain: When ERP is fortified with big data, companies gain access to insights into the supply chain, i.e., an in-depth overview of the processes, assets, etc. that can then be leveraged to streamline the movement of products across the entire supply chain.
  3. Sales forecasts: Any business needs to be able to make sound sales forecasts. And the duo of ERP and big data helps in this department as well by analyzing inventory and supply chain data.

 

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How ERP Bridges The Gap Between Logistics And Finance

Enterprise resource planning (ERP) systems are often viewed as the hub for various back-office processes such as accounting and inventory management. For many small and medium sized businesses (SMBs) an ERP hasn’t always been necessary (or within budget). However, in the world of eCommerce, ERP is a great tool for businesses of any size. Not only will it help with day to day processes, ERP can assist in other areas such as logistics and finance. An article on PYMNTS.com explains how ERP bridges the gap between these different departments.

Surging Volumes – Largely driven by the pandemic, eCommerce volumes are surging and there’s a rapidly growing opportunity for the ERP to guide businesses through the growth, especially when it comes to inventory management.

The Logistics-Accounting Connection  – The value of wielding an ERP that can not only help eCommerce firms manage their inventory and streamline shipping, but connect those workflows to others within the ERP, like accounting. ERPs can also support the scaling of workflows like shipping and accounting as the eCommerce business evolves into a mid-sized firm.

 

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How does ERP benefit from moving to the cloud?

The global pandemic has not only taught us to work remotely, but has clearly shown the benefits of moving enterprise resource systems (ERPs) to the cloud. Computing.co.uk has an article that explains the many reasons for this migration. ERP applications stand to benefit from the advantages of the cloud as much as any other enterprise workflow.  Computing‘s upcoming webinar, ‘The real-world benefits of moving ERP to the cloud’ – sponsored by Unit4 – will discuss the results of research investigating where businesses are in their ERP cloud migration journey, and what those organisations that are keeping their ERP operations on-premises may be missing out on. There is a lot of gain out of migrating your ERP system to the crowd, more importantly the ease of access and adaptability to future business challenges (like COVID) and even more opportunities.

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Top 10 benefits of ERP

The COVID-19 pandemic has impacted all areas of the economy, which highlighted the need form businesses to transform traditional supply chain models. Worldwide, 75% of companies have reported supply chain disruptions as a result of COVID-19. With the appropriate use of enterprise resource planning (ERP) technology, solutions exist that enable business continuity for small and medium enterprise owners in this fragile economy. An article on IT Web by Seidor Africa explains the impact ERP has for businesses fighting to stay running during this pandemic.

According to the article, the benefits of an ERP solution include:

  1. Increased ROI: Return on investment is achieved through integrated information sharing, increased efficiency, real-time data access and governance, improved inventory management and reduced costs.
  2. Improved analytics: Analytics allows for more informative decisions, helping companies to work through stressful times.
  3. Real-time information: Real-time information is available across any part of the business.
  4. Improved productivity: By enhancing business workflows, employee performance is improved.
  5. Increased customer satisfaction: An ERP system helps companies deliver goods to customers faster, improve productivity and implement inventory control. It can foster better customer communication at a time when customer retention is vital.
  6. Compliance and risk management: ERP systems facilitate regulatory compliance.
  7. Flexibility, scalability, longevity: With cloud-based ERP there is no need to go through numerous different software systems and implementations in the future.
  8. Standardisation: Standardised business processes ensure increased control and reliability of information.
  9. Improved reporting: With instant visibility analysis capabilities, companies can manage and monitor financial performance in real-time.
  10. Improved inventory management: Stock availability and location information is available in real-time, whether in transit, in the warehouse, in the online store or in the shop.

 

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Five questions to answer for a successful ERP implementation

Deciding to integrate and enterprise resource planning (ERP) solution is just the first step of the decision-making process. Choosing the best solution and implementing it is a feat of its own. You don’t want to rush it, and you want to make sure it’s money and time well spent. IT expert Steve Brooks shares an article on Enterprise Times that has managers consider five key questions they need to consider and have an answer for when finding and implementing an ERP solution for their company. These questions were derived by an interview with Peter Wong, Senior Director of professional service at Rootstock Software, who believes answering these questions will aid in a successful ERP implementation for your firm.

  1. Why are you looking to replace the old ERP solution?
  2. What are you trying to achieve with the new solution?
  3. Who should you involve in the project?
  4. How should you complete the project?
  5. How long should the project take?

To hear the whole interview, click on the link below for the podcast.

 

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Infor and Nippon Systemware Forge Alliance to Market Infor CloudSuite Industrial ERP for Japan’s Manufacturing Industry

Infor CloudSuite Industrial, Infor’s enterprise resource planning (ERP) package for the manufacturing industry, inked a new partner agreement to help Nippon Systemware’s (NSW) Japanese customers accelerate their digital journey. This partnership will enable both Infor and NSW to provide even higher value-added solutions that span both the engineering chain and supply chain. Per the press release, NSW has a long history of achievement and expertise across the engineering chain, managing data related to design and manufacturing in the manufacturing industry. Infor and NSW will continue collaborating in the areas of Infor CloudSuite Industrial and other solutions for the manufacturing industry as both parties help build core business solutions that support digital transformation for customers.

 

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