As consumer spending continues to rise, supply chain professionals anticipate an increase in demand in the coming years, according to a recent report by KPMG.
Companies are now preparing for an increase in demand (along with an upturn in the economy) and are planning how they would respond to such an increase yet still deal with the level of volatility that is out there.
In response, companies are focused on increasing both cost and operational efficiency. To accomplish this goal, the study found that many businesses are integrating different systems, with sales and operational planning teams working closely together to establish centralized service centers.
Enterprise resource planning (ERP) systems offer a potential solution to such companies. Implementing a competent ERP system will not only streamline a company’s processes, but it will also increase operational efficiency for manufacturers.
ERP systems enable manufacturing companies to store every piece of data – from when a product arrived into the warehouse to where it came from – in a way that is interconnected. That way, when you need to resurface that information, it provides visibility to all that linked data at a real time pace.
At the same time, ERP systems can be extremely cost-efficient when they are used properly; however, the typical return on investment (ROI) for ERP varies depending on a company’s size.
For more information about how ERP systems can improve your supply chain and increase your operational efficiency, contact us today.