Top Manufacturing ERP Trends To Watch In 2023

Manufacturing ERP Modules systems have evolved from being primarily tactical and limited to industry-level applications to the need for a more holistic view into global supply chains. In 2020, manufacturers began to look beyond short-term solutions and focus on long-term image health rather than just trying to cut costs. Furthermore, companies are combining IT with their engineering firms in a bid to streamline the manufacturing process, increase their technological capabilities, and maintain higher levels of profitability as well as security. For example:

1. Cloud: 80% of companies use cloud solutions

2. Blockchain: Companies invest in blockchain solutions across banking Walmart has announced its intentions of implementing blockchain (a distributed ledger) solutions

3. Cloud ERP: Companies are implementing cloud based HR systems ERP solutions with the aim to cut costs and shrink time to market.

4. Collaborative robots: Companies are embracing collaborative robots in manufacturing to improve the efficiency, flexibility and quality of their products.

5. AI: For the past few years, companies have been investing in AI solutions in the manufacturing sector. Although predictions of an AI revolution have not yet happened, companies have started adopting these solutions and their value is now increasing.

6. Industry 4.0: The term 'Industry 4.0' refers to a series of technologies that have the potential to revolutionize manufacturing efficiency. These technologies include advanced robotics, IoT, cloud computing and Big Data analytics, which together provide a solution for the increased needs that are driving manufacturers to streamline their processes.

7. Industrial Internet of Things (IIoT): IIoT is the integration of different industrial devices and ERP software integration solutions, which provides companies with information through sensors enabling them to make informed decisions in real-time. This enables companies to be more profitable by allowing them to produce products faster and cheaper while reducing errors, waste and inefficiency.

8. Intelligent Manufacturing: Intelligent manufacturing refers to the use of computers and the Internet to improve internal and external processes, which are vital to manufacturing. This can be done through creating digital models that can be used within product design and production processes.

9. New materials: Companies are embracing 'new' materials as an opportunity for growth using 3D printing, coatings, nanomaterials and artificial intelligence.

10. Robotics: Robotic solutions have now been implemented in almost every industrial sector across a wide range of industries and verticals, meaning that companies no longer have to be completely dependent on human labor for production purposes.