With the experience of last year, many companies have had to redefine their approach to business. What awaits all of us in 2021, surely more challenges? We invite you to read the 3 key challenges that we see for Enterprise Resource Planning in 2021 prepared by our expert Bartłomiej Denkowki Head of Presales at InfoConsulting.
- Built-in analytics for effective risk identification
o In the era of high unpredictability caused by COVID-19 it is challenging to pinpoint all consequences of frantic government responses and lockdowns. Once stable demand patterns and fine-tuned supply chains have become disrupted, causing the need for urgent change management. The key to efficient response is rapid identification of emerging risks. Here we can see benefits of ERP platform equipped with built-in, flexible operational analytics, so everybody’s attention is focused on problems as soon as they inevitably arise. And – no doubt about it, analysed data must be up-to-date, synchronized and comprehensive, so a wide-scope ERP solution should be the key of your future IT strategy.
- Intelligent reaction to disruptions in demand and supply chain flows
o As the year 2020 became a “black swan” right from the Nassim Taleb book, we have learnt for certain that having the best AI prediction tool is not enough for handling unforeseen events. There are many ways to tackle uncertainty, one of them being smart management of stock buffers with Demand Driven MRP. This new method has risk management at the heart of it’s logic. Another great tool is multi-scenario Sales and Operational Planning routine. So, not only strive for best forecasting tools, but prepare for unknown scenarios that will happen from time to time inevitably. Again, integrating several different approaches in one integrated ERP facilitates quick resolution of any kind of problems as soon as they arise.
- Safe and efficient home working environment
o One year into pandemic world and many of us are impressed by how much of the daily work can be done remotely (let’s focus on positives!). However, providing secure and efficient access to corporate networks for huge quantity of remote employees created true challenge for IT departments. No doubt, modern Cloud solutions have clear advantages here, as companies providing these services, can offer wide internet access with top-level security, supported with high scalability at much lower costs than comparable OnPremise setup.