| This means that —such as AI, digital assistants, machine learning, blockchain, augmented reality, and the Internet of Things IoT —become available to subscribers on a regular cadence | Lower management and operational costs through uniform and integrated systems A brief history of ERP From Paper Cards to Mobile Devices The goes back more than 100 years |
|---|---|
| Today, ERP systems are critical for managing thousands of businesses of all sizes and in all industries | A key ERP principle is the central collection of data for wide distribution |
The cloud provider patches, manages, and updates the software several times a year—rather than an expensive upgrade every 5 to 10 years with an on-premises system.
| MRP II also provided a compelling vision of how organizations could leverage software to share and integrate enterprise data and boost operational efficiency with better production planning, reduced inventory, and less waste scrap | In addition, organizations nearly always wanted to customize their ERP systems to fit their specific needs, entailing an additional expense of software consultants and training |
|---|---|
| Examples of specific business benefits include:• With access to these new technologies, organizations can quickly improve their business as the ERP software evolves | MRP remained the manufacturing standard until manufacturing resource planning called MRP II was developed in 1983 |
Why should you consider using cloud applications to replace or augment your on-premise system? Meanwhile, staying the course and ignoring all the advantages of enterprise resource planning as a cloud solution is no longer an ideal path, either.