Have you tried integrating your ERP system with the Internet of things (IoT)? In ERP you have all the enterprise data starting from the financials to inventory to manufacturing and HR. What do you do with these data? Data in any organization should be used in the best way to accomplish an insightful business outcome. It should give some actionable vision. There is various analysis that needs to be done, and analytical outputs are given. How does it help?
Some of the quick supportive points for ERP can be:
- It gives the leadership a good understanding of where they stand in the market
- It gives them an understanding of areas that need to be improved
- Focus on maintaining the growth regions
- Identify and mitigate business risks
- Act before any issues crop up
- Decide which business line to venture into next
With ERP systems some of the challenges in Industries went off like:
- One version of truth instead of multiple spreadsheets
- Complex calculations required for some outcomes are taken care of by ERP
- Auto generation of reports and sending to the concerned audience with defined day and time
With the above, let us add IoT for the areas in manufacturing, inventory, shipping, or maybe sales functions. How does IoT increase productivity?
On one side you have all the data for all your transactions happening online or offline or even manual entries in ERP, and on the other side, you are getting instantaneous data from IoT-enabled devices! Amazing, isn’t it?
Some popular use cases for ERP-IoT integrated systems:
- IoT-enabled devices monitoring production in a manufacturing unit in real-time by count or weight or any other metric
- Updating ERP systems automatically without any manual intervention
- Update engineers on the health of the machine by providing the machine logs and an analytical tool on top of it
- ABC analysis of inventory and providing real-time status to shop-floor engineers helping them to plan their production batch in ERP or raise alarm in case of risks
- Similarly, through IoT a salesperson can understand the availability of products in a nearby warehouse and keep their customers happy by making the correct promise of delivery
- Integrating Dynamics 365 Field Service with an IoT platform can help detect and troubleshoot issues, all done remotely!
In short, a proper ERP implementation coupled with an IoT-enabled device will help organizations to get a better understanding and optimize their functions, reduce wastage, and improve profit and cash flow.
Here at Centredge we can help you to achieve both – Implement Microsoft Dynamics(MSD) and implement IoT and integrate with MSD to achieve better business heights. For more details reach out to us – contact-us@centredge.com
