Top 5 manufacturing ERP trends for 2024

• January 29, 2024
• Posted by: piyush.gupta@prudencesoftech.in
• Category: ERP

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As we step into the new year, exciting innovations in ERP software are set to revolutionize how companies manage their entire value chain. These advancements extend beyond just digital technologies, encompassing new work methodologies, improved decision-making processes, and the automation of routine tasks. Here are eight trends for manufacturers to prioritize when planning their digital future in 2024.

Key Features and Benefits

• Devices and IIoT with ERP: Manufacturing will witness a surge in interconnected devices and tools communicating seamlessly. This will pave the way for increased automation. ERP systems will play a crucial role in managing the data generated by the Industrial Internet of Things (IIoT). Real-time machine performance monitoring and predictive maintenance will be facilitated through comprehensive dashboards and reports.
• Cloud ERP: Cloud computing will become integral in facilitating IIoT within ERP. The cloud enables the collection, transmission, and reception of data from smart machines without manual intervention. Cloud ERP becomes the central hub for collecting, streamlining, and leveraging this data efficiently.
• Integration becomes more important: With the move to the cloud, increased device connectivity, and the incorporation of AI technologies, seamless integration becomes paramount. The ability of an ERP system to effortlessly integrate with various connecting protocols will significantly impact a manufacturer’s journey toward digital transformation.
• Role of artificial intelligence (AI) and ERP: The integration of AI into ERP applications will gain prominence. AI-driven solutions will lead to better decision-making, optimizing processes, and enhancing product quality and delivery. This shift will also impact the skills required in the workforce, emphasizing the need for recruitment and continuous skill development.
• Remote access, anywhere, anytime: With interconnected devices and cloud computing, ERP systems will ensure seamless support for remote access. Manufacturing staff will have the ability to remotely access information about machines, evaluate their performance, and view insights anytime and anywhere.

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Conslusion

In embracing these trends, manufacturers can position themselves at the forefront of digital innovation, unlocking new levels of efficiency, collaboration, and competitiveness in the evolving landscape of manufacturing.