By Terry Smagh, Senior Vice President and General Manager for Asia Pacific and Japan, Infor
Your enterprise is unique. Your ERP software should match
As the manufacturing world rapidly evolves to meet new challenges, many organizations are working to define a new roadmap to success. But time isn’t on the industry’s side. As Deloitte noted in its outlook for 2023, “The manufacturing industry is building back fast, undeterred by significant labor and supply chain challenges. To maintain this momentum, manufacturers should navigate elevated risks while advancing sustainability priorities.”
Early adopters are now more agile, flexible, and efficient—and they could already be making inroads into your share of the market. How can manufacturing organizations, like yours, counteract this risk and quickly drive profitable growth? The answer, for many, lies in technology partnerships.
Partnerships are increasingly important to achieving sustainable business growth, whether that’s accessing data from upstream or downstream partners within your supply chain or turning to technology providers who can bring a wealth of insights about modern cloud capabilities and leading-edge innovations.
Manufacturing is shifting toward industry-specific applications, and these applications are now nearly always delivered in the cloud to maximize adoption, flexibility, visibility, data-driven decision-making, and security, as well as reducing through-life cost.
Benefits of industry-specific manufacturing ERP
Organizations are coming to realize that industry-specific capabilities built into the ERP solution are critical for smooth deployment and headache-free implementation, as well as efficient workflows and reporting. Some key benefits include:
Unsurprisingly, when it comes to triggering organizational change, the business drivers are often a complex mix of customer expectations and demands for a better buying experience, a focus on operational efficiencies and automation, and the need to meet industry regulations and compliance mandates. That’s why it’s important for your application software technology vendor to offer solutions that are designed specifically for your industry. Manufacturing factories and plants have far different needs than service industries and shouldn’t be expected to force generic applications to meet their unique requirements. As an example, managing the complexity of engineer-to-order or configure-to-order environments demand a single view of the product from concept through quote, build, delivery, and—often—on through to aftermarket service and warranty management. Anything less adds risk to the whole process.
In true partnerships, when everyone understands the distinct needs of your organization and industry, multiple stakeholders come together to create a more powerful outcome. If Infor’s solutions align with your manufacturing needs and you’re ready to get started, or you just want advice on how to modernize your operations, explore Infor’s manufacturing solutions.