ERP Systems Will Be Impacted By AI: What to Look For?

ERP systems will be hand-in-glove with AI very soon. Have you heard of “the singularity”? This is the point at which computational systems outpace the human mind in terms of cognitive, self-directed output. This is the point at which Artificial Intelligence (AI) transcends natural human ability.

Already, AI is informing the way you shop online or conduct yourself in public. Algorithms listen through smartphones and other IoT (Internet of Things) devices and will send an advertisement to your device if it aligns with a topic of conversation.

Right now, AI is clumsy. But it becomes more efficient at a considerable pace. It has bled into enterprise resource planning (ERP) software, and impact is nigh. Here are several ways you can expect AI to augment ERP in the near future:

Cognitive/Intelligent Automation, Machine Learning

ERP systems are increasingly incorporating AI-driven cognitive and intelligent automation. In the cognitive sense, this refers to knowledge-based duties. Basically, a “sketch” or “outline” of professional employee thinking is programmed into the AI, helping direct customer support needs automatically.

When it comes to intelligent automation, that which transcends the routine is brought to bear on operations. Answering inquiries doesn’t rely on previously existing queries. Think of it like a video game with a static background, as opposed to one where the background renders as the avatar is manipulated by the player. Cognitive automation is the “static” background, intelligent automation renders as the “player” (in this case a customer or employee) interfaces with the system.

Similarly, computer vision makes it so innovations in machine learning can be put to task exploring videos and images. Charts, graphs, employee photos, video alerts, and more are becoming manageable through AI solutions as applied to ERP software.

AI and ERP Alignment

AI and ERP cover a lot of similar ground. ERP is basically a precursor to AI in many respects. Infrastructural data is organized and managed with automation where possible through ERP. AI also deals in automation.

The difference is that AI algorithms are incorporating machine learning techniques, allowing AI-driven ERP to automate and organize intuitively without directed input–in certain areas.

Expanded ERP Value Through AI Integration

With cognitive and intelligent automation as well as computer vision and AI/ERP alignment, the value of modern ERP is compounded considerably through AI augmentation, giving it a much higher value.

Ahead of The Game

At Michell Consulting Group, we can help you determine which ERP systems are best for your business and where you can take the fullest advantage of AI as it relates to existing solutions. Contact us now for more information.

ERP Systems of the Legacy Variety Are Inhibiting You

Your ERP systems must be upgraded at regular intervals. The market continues to develop as innovations become available. Following are several ways maintaining legacy ERP could be undermining your business:

Old User Interface and Related Time Losses

ERP systems that are old may have user interfaces which require in-depth employee training. Barring that, workers will have to review manuals and learn a new skill just to operate your ERP software. That takes time, limiting employee potentiality. Additionally, all employees will have to go through this process at one time or another unless you upgrade.

Using newer ERP solutions helps keep everyone on the same page, using known techniques to facilitate ease of operations. Generally, user interface expands in terms of intuitiveness as computational solutions become more efficient.

Security Not Appropriate to Threats

Technology doubles on itself in terms of computational innovation every eighteen months. That’s the current reckoning for Moore’s Law. What this means is old vulnerabilities are patched up and new, unforeseen vulnerabilities develop. The goal posts of technology are in constant motion.

Just as no static ERP solution works, no static security option will be effective. For illustration, imagine a smartphone from today, and a government server array from the eighties. Today’s smartphone has the horsepower to crack eighties encryption. Tomorrow’s tech will burn through today’s security protections like a hot knife through butter.

Accordingly, you must upgrade at some point. ERP of yesteryears has vulnerabilities you don’t need today. Working with consultants can help you strike the balance between ERP utility, security, and upgrade.

Out-Of-Date Systems Fragment

With legacy systems, you’ll likely have certain aspects of your ERP solution which still work all right, while other applications are entirely defunct. Users will cluster around applications that are effective. What this does is inhibit operations. You can get to the point where new employees are trained in workarounds pertaining to ERP software navigation.

Imagine having a client on the phone who needs a specific piece of information and having learned “stall” techniques to keep that client from realizing you’re waiting on legacy ERP software to deliver an answer to a query. That’s collaterally expensive and will hold your business back.

Overcoming Legacy ERP Software

At Michell Consulting Group, we can examine existing ERP systems and help you either replace them or more effectively maximize them. Out-of-date systems will fragment, security falls by the wayside, and outdated user interfaces waste time. Contact us for more information on ERP solutions and how to ensure you’re not undermining operations through retaining out-of-date software.

Why Your Growing Business Needs ERP Systems

An ERP system, or enterprise resource planning system, is a way for businesses to manage multiple aspects of their work in one convenient place. ERP systems are one of the most efficient ways to streamline your company’s practices and get more done each day. If your business hasn’t yet installed an ERP system, here’s why you should:

ERP Programs Provide You with Helpful Information About Your Business

One of the most helpful things about ERP systems is that they give you access to important information about your business at the touch of a button. You can look at all your sales numbers and analyze growth with helpful charts and other tools. Everyone in the company can access the information they need and get more done on a daily basis. You can also use this information to create growth strategies that work for your business.

ERP Is Easier for Your IT Personnel to Manage

If you find that your IT team is constantly dealing with software issues that slow down your company’s progress, then ERP systems will be a good option for your business. Your IT team essentially only has to learn the ins and outs of one software program, which will make it much easier to fix when issues do arise. They also won’t have to spend as much time helping employees learn how to use different software programs. This frees them up to work on improving your company’s technology and fixing larger problems that require a bit more time.

ERP Programs Save Your Employees Time

One other helpful aspect of ERP systems is that they can save your entire company time on their daily routines and processes. When employees have to go through many different systems and unnecessary steps each day to get their work done, it’s preventing them from using their skills to help grow the company. ERP programs streamline virtually every process that your company uses, so you will have happier, more productive employees that can get more done each day.

Michell Consulting Group is a leading provider of ERP systems and other business solutions. Our goal is to help your business get more done with more efficient and effective processes. We’ve helped businesses in many different industries get real results by implementing an ERP program that is right for them. If you are interested in implementing ERP at your company, contact us now to schedule your initial consultation.

Top 3 Benefits of Using ERP Systems

Managed service providers (MSPs) are now providing dynamic ERP systems for a wide range of businesses. An ERP system shares a common database for all areas within a company. This innovative system allows you to gain much-needed insights into your company by giving a general overview of a wide variety of items, such as sales, human resources, inventory, finances, and much more. Here are just three of the main benefits of using an ERP system in today’s workplace:

1. Improved Efficiency

One of the primary benefits of this innovative system is that it can significantly boost efficiency for your entire company. Instead of relying on outdated information, an ERP system will allow you to identify any areas that need improvement and will allow your business to operate much more efficiently. You will also have access to a wide range of reports that can help your company make better decisions and improve productivity throughout each department.

2. Improved Client Relations

Another advantage of using ERP systems is that it can have a significant impact on improving your relations with each client. A much more efficient company will be able to complete tasks quicker and better meet the unique needs of each customer. Ultimately, this will allow you to build long-lasting relations with clients and can help you improve the reputation of your company. Satisfied clients are much more likely to recommend your company to others, which results in a much better bottom line for your business.

3. Reduced Costs

A managed service provider (MSP) can help your business minimize costs by letting your employees gain access to an ERP system. Instead of trying to learn multiple tools and software, an ERP system allows you to access all of this information in one place and is simple for anyone to use. Instead of constantly purchasing new software, an ERP system will allow your company to access vital information in a user-friendly system.

Choosing to partner with an MSP that specializes in ERP systems is the perfect choice for your business. An MSP can guide your employees on how to use this innovative system, allowing your business to become more efficient and better meet the needs of each client. Michell Consulting Group is an MSP that can help your business reach new levels of success through the use of this innovative software. Contact us now for more information and see why this technology is such an excellent investment for your business!

Understanding MRP and ERP Systems: Which Software System is Right for Your Business?

Industry jargon can be overwhelming, especially when many acronyms are involved, like MRP systems and ERP systems. They sound almost alike and are actually a lot alike. It’s no wonder people confuse these two a lot. But wonder no more! Here’s a simple explanation of what they are, how they’re the same, and how they’re different:

MRP Systems

MRP stands for manufacturing resource planning or material requirement planning. It refers to the mechanism manufacturing companies used to determine what materials they need and when they need these, as well as calculate how much of these they need in terms of optimum quantities. MRP systems are designed to automate the whole aforementioned processes.

ERP Systems

ERP stands for enterprise resource planning. Large businesses often use ERP systems to manage various manufacturing processes like MRP systems do and also to manage data in a single, centralized location. With that in place, data can be consistently drawn from one source, ensuring processes don’t duplicate data which is important for both data quality and integrity.

The Similarities and Differences

ERP systems are more business-centric and not just manufacturing-centric. Thus, you can say that MRP systems are an example of ERP systems, but not the other way around. MRP systems are specially designed for manufacturing processes, while ERP systems are made for different kinds of business processes, not just supply chain management or resource management, but also for human resource management, financial management, etc.

Thus, if you’re in the manufacturing industry, you may need both MRP systems and ERP systems depending on the size of your company. If you’re running a large company, working with ERP systems may be more beneficial to you because different solutions for various processes can be integrated together for a more streamlined approach. But if you’re running a small company, working with MRP systems may be the better option because you can pick and choose which standalone software to use for your company’s highly specific needs. It’s simpler and cheaper, and you can always upgrade to ERP systems once your company’s needs expand to include non-manufacturing business processes.

Whether you need MRP or ERP systems, we at Michell Consulting Group are happy to help you. Based on your company’s objectives, we’ll provide you the necessary tools and applications to secure success for your business now and in the future. Contact us now for more information.