INTELLIGENT ERP
INTELLIGENT ERP :
THE SMART , AGILE , SOLUTION DRIVEN BY PEOPLE
Real talk : We take a look at iERP and speak with Jan Theissen , procurement transformation consultant & creator of digital supply chains , TARGETP !
WRITTEN BY : LAURA V . GARCIA
Enterprise resource planning ( ERP ) - it ’ s far from a new thing . Although ERP has long-standing roots in manufacturing that trace back to the 1960s , the term ERP was first used by the Gartner Group in the 1990s . Upon its development , ERP was considered to be a big advancement . However , proving that fear is a good motivator , it wasn ’ t until Y2K that it was more widely adopted .
But today ’ s enterprises exist in a whole new world , one so full of Volatility , Uncertainty , Complexity and Ambiguity , it ’ s made the old term VUCA new again . In order to remain viable and recapture profits , today ’ s businesses require the flexibility of a millennial yogi and more agility than Vivianne Miedema . Yet , traditional ERP doesn ’ t seem to get them there .
Whether it ’ s extreme weather or a global pandemic that up-ends the market , tariff wars that wreak havoc on your cost of goods and threaten your shipments , or labour issues that cause production stall outs , today ’ s complex global supply chains face disruption and risks , and so does your business .
Although no software is a magic bullet to resilience , with new technologies such as AI , IoT and data analytics come new transformational powers . Intelligent ERP ( aka iERP ), part of the new wave of intelligent solutions , can bring agility , allowing you to dynamically respond to changing conditions , sense and mitigate risk .
ERP , what it does , and doesn ’ t do If procurement is the nucleus of supply chain , then ERP is its heart . Let ’ s take a step back and walk it through . ERP is a business process management software program that manages and integrates a company ’ s manufacturing , operations , supply chain , financials and human resource activities so each department can plan and manage the resources necessary to fulfil demand . Hence , the name .
104 April 2021