Enterprise resource planning (ERP) and their business applications have seen a quantum leap in growth and maturity in recent years. ERP in 2021 will include trends for innovation that would create a sustainable value for the modern systems and the businesses adopting it. Let’s explore the top trends that will dominate this year:
2. What’s Inside ?
2
• Introduction
• The Core Focus Area
• Year 2021 –
A Look Into What’s Next in ERP Trends
• Start your digital journey with BatchMaster’s
Next-Gen IT solutions
• IT Solutions It Offers
• Wrapping It Up
• Takeaway
3. 3
Introduction
• Rapidly evolving technology landscape is the reason why companies are constantly on the
lookout for an ERP that is up-to-date with the latest technological advancements.
• Security limitations, soiled information, and spreadsheet dependence are a few of the
disadvantages of legacy ERP systems.
• Year 2020-COVID-19 pandemic year, has highlighted the MUST-HAVE capabilities of an ERP to
handle :
- Remote work
- Disrupted supply chain
- Labor shortages
• As a result, it is essential to upgrade existing ERP systems to sustain the cut-throat competition
and volatile market conditions.
• Thus, keeping up with the latest ERP trends is advantageous to both the consumers and
service providers.
4. 4
The Core Focus Area
Year 2021 will empower companies to aim for zero downtime, improved resource
functionality, and overall better process optimization. Thus, the upgraded ERP
will also focus on -
• Process Automation
• Business Integrations
• Customer Satisfaction
• Being More Compliant
• Mobility and Agility
• Improved Brand Value
• Tightened data/Cybersecurity
6. 6
I. Acceleration of Cloud Adoption
• With more remote workers, globally dispersed supply chains, and
distributed data among multiple systems, cloud ERP systems will
emerge more.
• Running a cloud-based ERP solution eliminates the need to go to a
physical location to perform maintenance for on-premise equipment.
• A good vendor allows the companies to upload and access data in
real-time via the cloud, from anywhere, anytime.
• This keeps workers safer and allows companies to reduce productivity
halts and operate continuously without location restraints.
ERP Trends in 2021
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II. Cybersecurity & Data Security will become more important
• Disparate workforces and cloud systems lead to more risk of
potential cybersecurity breaches, making cybersecurity more
important.
• Organizations will have to tighten their system security and data
security to manage remote workforces and teams effectively.
• Implementing additional or even new safety measures will be a
simultaneous process for businesses for which keeping company and
customer data is critical.
ERP Trends in 2021
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III. Flexibility will be the new key
• Massive supply chain overhauls, remote working model, and
employees were furloughed/ terminated - these all happened in an
extremely short period due to the novel Coronavirus.
• Undoubtedly rigid and inflexible business systems of the past won’t
cut it in 2021.
• Businesses will implement ERP that provide the flexibility to change
their business model as it evolves.
ERP Trends in 2021
9. 9
IV. Internet Of Things (IoT) Integration
• With both ERP and IoT, companies can easily collect, evaluate, and
assess a huge amount of data via sensors.
• The combination will gather real-time data about their machine’s
performance and provide a closer look on the production process.
• Integration of IoT with ERP systems shrinks the requirement of manual
data entry, i.e. less dependency on technicians and automation of
operations.
ERP Trends in 2021
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V. More focus on mobile ERP solutions
• Online rise, bringing almost all the business operations on mobile.
• From ordering materials and harmonizing deliveries, to managing the
distribution of products, mobile and web access will drive the supply
chain and influence business’ bottom-lines.
• Companies will contact their customers directly and can get
feedbacks/reviews about their services/ products, via online platforms.
ERP Trends in 2021
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VI. ERP systems will leverage CRM and email marketing to drive new
businesses/leads
• Businesses will implement the tools to nurture existing customer
relationships, attain and develop new customers through online
marketing.
• Empower professionals to send emails to customers/prospects, and
automate follow-up emails based on the actions of subscribers.
• Integrated customer relationship management (CRM) tools will help
sales agents get an instant and detailed insight about a lead or
customer.
ERP Trends in 2021
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VII. Automated supply and demand planning will become critical for
businesses
• Manual supply and demand planning is resource-intensive, extremely
difficult, and time consuming.
• Automated purchasing systems is the key tool, to help businesses
react to changes, reduce inventory, and increase sales.
• Demand planning will help in striking the right balance between
sufficient inventory levels to meet customer needs without having a
surplus/deficit.
ERP Trends in 2021
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VIII. Artificial Intelligence (AI) maintains it’s top billing
• ERP system’s capabilities can be enhanced with AI to improve logistics,
profits, and customer service.
• AI will combine sales data with unstructured data to manage the
latest sales/ product trends, and predict/forecast future demand
patterns.
• Individual AI features such as facial recognition on the phone, or
digital assistant to order the next batch, and forecasts will deliver
better production capabilities
• This will serve as a boon for companies struggling with workforce
shortage ensued in the COVID-19 pandemic.
ERP Trends in 2021
14. 14
IX. 3D Printing and Additive Manufacturing(AM)
• Additive manufacturing (AM) is moving from its early adopter stages
to mainstream market adoption.
• The applications for AM have increased significantly along with the
printer technology.
• The AM tools are rapidly replacing other production techniques such
as computer numerical control (CNC), machining, and injection
molding of products.
• AM will create a wide variety of scaled products, and improve
revenues of manufacturing, distribution, services, and retail industries
ERP Trends in 2021
17. 17
Wrapping It Up
• Advanced technologies such as analytics, Internet Of Things(IoT), Artificial Intelligence (AI),
and social collaboration will reign.
• Customization scaling will be the customer’s choice also, companies would work for it.
• Majority of supply chain interactions will happen across cloud-based commerce networks .
• Use of industry clouds, business analytics, big data, business intelligence, block chain will
enhance the supplier capacities .
• Rebalancing the critical supply based on capabilities rather than units and quantity would be
initiated.
• New and improved product designs through cloud crowdsourcing, virtual reality, and product
virtualization will improve success rates.
18. 18
Takeaway
• With 2021 on the horizon, digital transformation and technological adoption, especially ERP
applications will help companies stay ahead.
• The future and growth of ERP lies in digitization, agility, and enhanced process optimization
features.
• By leveraging technology like - cloud computing, mobile & e-Business applications,
CRM/online marketing tools, automated Supply and Demand Planning, and AI capabilities,
businesses will flourish
• Manufacturers will have to upgrade their ERP systems to reap full benefits in the coming
times.
• One such always up-to-date ERP vendor is – BatchMaster that will help you meet all the
business challenges and relish profits in the upcoming year.
19. 19
Why BatchMaster?
• 30 + years of experience of serving process manufacturing industry
• Original developer of formulation module
• A team of experts and researchers
• Stays abreast with industry standards and best practices
• Supports multiple platforms: SAP Business One, Tally, etc.
• Meets niche requirements of SMEs
• Support from experienced IT and ERP consultants
20. 20
Achievements so far ..
• 2015 - ISO 9001:2008 Certification
• 2018 – ‘Customer’s Choice Award’ by Software Suggest
• 2018 – ‘Committed to Deliver Award’ by Software Suggest
• 2018 - ISO 9001:2015 Certification
• 2018 – ‘BRAND LEADERSHIP AWARD’ at Madhya Pradesh Best Brand Awards
• 2019 – ‘Best Value Award’ by Software Suggest
• 2019 - ISO 27001:2013 Certification for Information Security
21. 21
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22
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