Historically, how have businesses managed and gained visibility of their supply chains?
ERP solutions have been around for decades, but many companies still use spreadsheets to gain visibility. This is not necessarily a bad thing if the data in the spreadsheets is live, accurate and valid, but this data is often siloed and stale. At Epicor we are unlocking the siloed data and making it frictionless to connect. We do this using the latest electronic data interchange (EDI) capabilities. EDI allows industries to decrease delays in business processes and increase supply chain visibility.
Have the events of the last two years accelerated the demand and need for cloud technology?
Covid-19, fluctuating variables such as supply chain and distribution challenges, heightened demand and labour shortages, as well as the soaring cost of energy and raw materials have dramatically accelerated the demand and need for real time data, and this is enabled by cloud technology.
In 2020, Epicor found that 25% of businesses saw cloud as a strategic priority for the year, with this number rocketing to 94% in 2021. Cloud technology allows businesses to gain insights into the future supply chain to future-proof and stress test supply chain resiliency. Additionally, in a post-pandemic, hybrid-working world, cloud-based technologies are enabling staff to work more efficiently, whenever and wherever they’re based.
Why is cloud technology a better solution for businesses and is it essential for the long-term success of businesses with complex supply chains?
Cloud ERP enables businesses to focus on their specific needs and not the nurturing of the system to run the digital core of their business. Our team of experts and developers takes care of maintaining security updates, backups, and upgrades and also modify the solution on an ongoing basis. While your internal team may have done this a few times, ERP vendors typically have hundreds of thousands of customers deployed across geographies and teams on rotation 24/7. Cloud tech also enables businesses to closely track a product throughout its lifecycle, allowing employees to access real-time information at any time and any place for more accurate decision making, ultimately resulting in a more resilient business.
Can Epicor integrate its cloud technology within a business’s existing systems?
Yes. Epicor’s Industry ERP Cloud solutions are tailored to make integration as seamless as possible. Key to this is Epicor Automation Studio, a pioneering low-code integration platform-as-a-service which allows companies to integrate and automate activities and processes between previously siloed applications data and platforms. Automation Studio empowers workers to effortlessly integrate and automate scheduled or event triggered workflows, offering a flexible solution with access to a marketplace of over 1,000 popular application connectors where businesses can modify and implement the workflow integrations that they need.
How does ERP technology help to facilitate businesses’ digital transformation in the supply chain?
Cloud-based ERP solutions are fundamental to supply chain digital transformation as they act as the ‘digital core’ that forms a basis from which more and more parts of a business can be digitised and integrated. Formula One racing team Scuderia AlphaTauri uses Epicor Kinetic to centrally manage all processes and data across its operations, optimising every aspect of the team’s production, inventory, component testing and financials with greater speed, accuracy, and visibility. As a racing car is made up of more than 14,000 precision components that are custom-made onsite, Kinetic allows Scuderia AlphaTauri to automate the job creation process for every part, minimising data entry, speeding up productivity, and managing and understanding the lifespan of every unique part in the supply chain.
For more, please visit epicor.com/IIR
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