The Increased Importance of an Automotive ERP Software
With COVID 19 still raging across many countries and leaving a trail of havoc and destruction, the need of predictive analysis has become more highlighted. Although it is true that no predictive analytics engine could have foreseen the disasters of this pandemic, however, in order to come out of the mess we are in, it becomes vital that businesses future-proof their operations.
A recent Gartner report states, “By 2022, more than 50% of cloud ERP customers will be leveraging their embedded analytic capabilities to enhance their business process throughput.” It clearly underlines the importance of an ERP with predictive analytics in the post-COVID world.
Gartner goes on to define a business application embedded with predictive analytics as, “an ERP which combines multiple statistical techniques to analyze multiple data sources and ERP transactional data, to make predictions about business events.” It should be noted that predictive analytics is just one of the many advantages of deploying a cloud ERP solution for automobile sales and assembly processes.
In the following, let us explore the other major benefits of an automotive ERP software on Cloud.
Revamping Operations and Processes
The world we live in has transformed. Even before the pandemic, we saw massive changes in various business areas that altered global eco-systems such as supply chain and manufacturing. Considering the new realities, businesses operating in the automobile industry require a serious overhaul and a total revamp of processes.
Cloud ERP software solutions for the automotive industry are designed to help businesses transition through this change. They are equipped with tools to build robust processes and seamless operations. Such automotive ERP software would align processes more accurately with short-term and long-term organizational goals and drive efficiency through automation.
Real-time Tracking for Real-time Decisions
With myriad processes and workflows in the picture, a robust reporting system spells the difference between sustained growth and stunted growth of an organization. An ERP software developed for the automotive industry equips you with real-time tracking tools to keep an eye on all operations. By smoothening the flow of data across all departments and consolidating it automatically, the ERP solution ensures you could feel the pulse of your business, any day, any hour, any minute.
Inventory Control Will Define success!
Having complete control over incoming and outgoing stock will be crucial if you want to ensure your inventory is balanced as per the market demand. Not only would an automotive ERP software save costs resulting from effective resource utilization, but it would also help you overcome possible deficit in stock through its tools to measure resource spending. The more control you have over inventory, the lesser the chances of getting caught by surprises arising due to fluctuations in market demand.
Cracking the Tough Nut of Quality and Efficiency
Quality control has become more challenging and increasingly complicated. Ensuring high quality standards takes more than standard processes and regulations. It requires insights that could help you avoid common quality-check hurdles so that the timely deliver of products could not be affected. The best automotive ERP software solutions empower businesses with in-built quality control modules. These modules could be customized, scaled and defined to suit the unique testing procedures for each unit.
Cost Reduction was Never More Important!
Post COVID-19, it is no surprise that cost reduction has become a priority among business units, especially in the automobile sector. With companies trying their best to minimize the impact of the pandemic and ensuing chaos, it is imperative that all cost centers be quickly identified. Cloud ERP solutions help in auditing all business units and provide you with detailed insights regarding the ROI and expenses of all areas, helping you decide what action to take about them.
Communication, Collaboration, and Customer Support
ERP software solutions for the automotive industry allow you to improve internal and external communication at all levels. They are specifically designed to help your teams overcome hurdles in communication that plagued them and prevented them from sharing data securely and easily. By providing new and simplified methods to interact and share data, you would foster collaboration which would result in increased productivity.
Another critically important area that would benefit from a cloud based automotive ERP software is customer support. By integrating inbuilt CRM with the ERP, you can make sure no customer query goes unanswered, no service request is unfulfilled and all customers as well as vendors are part of a systematic loop of communication.
Why Cloud ERP is a More Viable Option than an On-premise ERP
Cloud ERP systems are more viable for modern day establishments as they streamline business processes more competently than their on-premise counterparts. The reduced costs and no baggage of servers and maintenance means businesses can concentrate on their core activities without having to worry about the upkeep of the system.
The scalability of the solutions is also critical, keeping in mind your organization’s future growth. As your business grows, cloud ERP solutions could also be scaled more easily compared to on-premise systems.
Need Inputs from ERP Experts for Your Business?
The above points provide us with a clear view of the potential of cloud ERP solutions and how invaluable they are for the automotive industry.
Out there, is an ocean of ERP vendors and navigating it may be tiresome and would require you to spend too much time on research. As the providers of the best automotive ERP software solutions in UAE, we at Focus Softnet pride ourselves in guiding our customers with the right advice regarding business applications and how would they help in overcoming challenges.
Fill in the form and register for a free ERP demo!