Across the UK, manufacturers are intensifying their emphasis on adopting technologies to enhance and expand their businesses. The imperative to fortify essential operations, coupled with the advantages of flexibility, scalability, and security offered by a cloud-based model, has become a driving force behind this renewed interest.
One significant trend contributing to the popularity of Enterprise Resource Planning (ERP) applications, particularly in the mid-market, is the evolution of Software as a Service (SaaS) products. The increase in attractive product offerings available and ease-of-deployment associated with SaaS-based ERP solutions have made them not only more accessible but also realistic options for the whole mid-market.
This transition has now granted businesses the opportunity to gain access to a wider range of options. Advanced business management tools, empowering small-to-medium sized businesses (SMBs) and fast-growing companies can harness the benefits of enterprise systems that were traditionally more within the reach of larger corporations. In this article, we will delve into three key areas that define the future of work for the UK and explore how cloud ERP solutions play a crucial role in each of them.
Demand for tech
The availability and ease of deployment for SaaS solutions has seen a surge in the number of industries embracing cloud technology, with many choosing to implement new cloud solutions. Additionally, a significant proportion of businesses operating with on-premises ERP solutions are either in the process of transitioning or planning to migrate to current platforms to the SaaS model.
The demand for ERP solutions capable of handling intricate multifaceted processes has become particularly pronounced among organizations that need to handle complex production workflows, improve data handling, quality, and work production. These organizations seek cloud ERP platforms that go beyond basic management and towards solutions that offer robust functionalities to help streamline and fortify their business operations, enhance decision-making processes, support automation, and ensure compliance with evolving regulatory standards.
Growth and innovation
Moreover, the adaptability and scalability of a modern cloud ERP system plays a pivotal role in meeting the diverse needs of mid-sized manufacturers. As businesses grow and evolve, their operational requirements become more complex. Cloud ERP solutions that offer flexibility and scalability ensure that organizations can seamlessly adapt to changes in their size, structure, and industry landscape.
This adaptability is especially important for mid-sized high-tech & electronic manufacturers striving to stay competitive in markets characterized by rapid innovation. Additionally, cloud ERP platforms offer integrations to facilitate future strategic business requirements such as smart robots, automation, data handling, and decision intelligence.
Eliminate waste and save money
The urgency to meet the UK's net zero emissions goals by 2050(1) has heightened the significance of incorporating environmentally responsible practices into the core operations of businesses. Cloud ERP systems are now being recognized as essential tools for facilitating the transition to more sustainable processes across various manufacturing industries. Gartner reports that by 2026 30% of enterprises will do their primary Environment, Social, and Governance (ESG) reporting out of their ERP applications (2). These systems play a vital role in enabling organizations to monitor, analyze, and optimize their environmental impact by providing real-time insights into resource consumption and waste.
With cloud ERP systems, you gain valuable insights into changes and variations in raw materials and products within both the sales module and production orders. Additionally, it automates processes to efficiently manage production requirements and purchasing, helping you save time, money, and minimize waste.
Innovative new technologies and digitally savvy new competition will continue to reshape how the UK makes, moves, and sells products. Cloud ERP solutions like RamBase helps businesses cope with the growing demands of the manufacturing and distribution industries with a scalable platform and enterprise functionality. To this end, RamBase customers benefit from changes in their daily operational processes, as well as receiving better insights and management tools for their business - all part of a wider digital transformational agenda.
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References:
1. GOV.UK. (2022, March 7). Energy and emissions projections: Net zero strategy baseline (partial interim update December 2021). GOV.UK. https://www.gov.uk/government/publications/energy-and-emissions-projections-net-zero-strategy-baseline-partial-interim-update-december-2021
2. Gartner: IDG MarketPulse survey, ERP Integration & Modernization, April 2021.
Gartner Predicts 2023: In a Period of Global Upheaval, Will ERP Come to the Rescue? D. Torii, T. Faith, N. Ralhan, April, 2023
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