Industry 4 - The Power Of ERP And IoT Technology To Manufacturing Industries
The Internet of Things (IoT) is radically changing the world as we know it — and ERP systems are no exception. In the manufacturing industry, ERP systems already work in sync with the cloud and other technological advances. However, implementation of IoT can truly change the game for many companies. So, what does this prove for the power of IoT box/technology with ERP System?
Companies are slow to take the plunge.
Currently, ERP and IoT interact very little in most organizations. According to recent research, for many companies, there is not a clear understanding of the benefits of merging the two. Also, manufacturing firms notoriously take years to implement major tech changes. However, in this instance, these delays will cause hesitant and slow-moving companies to be vulnerable to agile companies willing to move quickly.
ERP software challenges.
Another reason for the slow merger of ERP and IoT: some companies say neither ERP nor other software like Business Intelligence (BI) tools do a good job of helping them digest and analyze IoT data. While IoT implementation has the power to significantly transfer a company’s operations, the software will unleash its power. Having sensors on equipment won’t benefit companies without also giving them the ability to port this data directly into their ERP system. Admittedly, it was an expensive endeavour on the front end until Odoo ERP comes up with IoT box and makes this possible with Odoo V12. Good News Now even smaller companies can afford this technology for their organization.
How IoT Can Work With ERP.
Integrating IoT with ERP can help companies to operate more efficiently. It not only reduces the number of tasks performed by workers but in many cases, it also reduces the potential for human errors. For example, when it’s time to restock or replenish products and supplies, sensors and other IoT devices can more accurately access inventory than human eyes. The accurate inventory helps to reduce inventory costs and improve tracking from the manufacturing floor to the warehouse. And all of this information is communicated in real time.
In addition to inventory accuracy, troubleshooting also becomes more efficient. Companies can receive notifications when equipment needs repairs or when parts need replacing. Technicians know exactly where to find the problem, and they know which tools to bring. IoT connectivity will result in a greater level of machine reliability and less downtime.
Also, Improving product quality is undoubtedly one of the greatest benefits of integrating ERP and IoT.
Other companies use IoT strategies to improve safety since the technology can warn of potential problems.
When ERP processes IoT data, companies can also expect to see improvements in delivery times. All of these advances can help companies to better manage their relationships with customers and improve business analytics.
However, some organizations are hesitant to invest in automation for fear of backlash for displacing workers.
The possibilities of merging ERP and IoT are exciting and limitless. While some companies may initially be hesitant, adopting the integration of these two tools can revolutionize a business, making it more efficient and profitable. It's your time try it out with Odoo 12.