5 Benefits of integrating ERP system with IoT technology

1. 5 Benefits of integrating ERP system with IoT technology Modern ERP systems smoothly connect all the business operations together in a stronger way that improves data visibility, control, and decision making. That’s why enterprise resource planning software is known as the core matter of any organization. Integrating ERP with IoT enhances business communication in multiple ways. The usage of IoT sensors and gadgets eliminates the difficulties of humans in communicating with ERP systems. It is also capable of producing intelligent suggestions for the managers that are associated with various businesses such as customer management, supply chain, accounting, and more. Integrating ERP with IoT can be highly effective for back offices and customer-facing processes both. If we look at the current scenario then it is quite obvious that IoT has already made a huge impact in the manufacturing industry. Let’s look at the fringe benefits of integrating IoT with ERP systems: 1. Improved decision making due to high data quality: Data in companies is rapidly growing and now, companies that are collecting a huge amount of data are not really prepared for the challenges in handling big data. Therefore, companies are required to gather relevant information with them. Storage of quality information allows them to gain actionable insights for business expansion strategies. Hence, integrating IoT with ERP, companies can improve data quality and availability, which lead to operational excellence.

2. 2. Greater operational efficiency: Many manual tasks can be automated easily by integrating IoT with ERP, for example, there are zero human efforts required to input the data and scan a barcode in the ERP system. IoT tracks and updates all the activities such as reordering, inventory updates, restocking automatically into your pharmaceutical ERP software that too in real-time. 3. Upgrade interaction: A lot of people are involved in the manufacturing process of a product from “it's beginning to the time when it reaches the customers”. The manufacturers have to maintain and track a record of each and every product that is being sold to the customer. Moreover, they also must maintain a full record of the product that is already sold. The real confusion occurs when the vendors and dealers come into the picture. However, with the help of IoT, all the information will be automatically updated in the ERP system in real-time.

3. 4. Enhanced sales forecasting: It is extremely difficult to forecast consumer purchase and product usage especially when there is a huge number of products available. This process is very complex and might create huge problems when the companies get it wrong. Such complex processes can be easily resolved by IoT. The integration of chemical ERP solution with IoT makes a direct link between production and consumption by capturing real-time data directly from consumers and sending it to their ERP systems. You can get real-time information about a product being sold, demographics and frequency of your consumers thus making forecasting in more effective way. 5. Improved asset management: IoT enabled ERP systems track and monitor high-value assets in real-time. IoT smartly feeds all the information into the chemical ERP software so that all the parties that are associated with the supply chain, can stay informed and take actions if anything happens wrong. Furthermore, IoT also warns relevant employees when any beakdown or repair occurs or when they are damaged.

4. About Probiz: Probiz is a feature rich, cutting edge and GST ready ERP solution that comes with a variety of functionalities to simplify the regular business operations. Specially designed for small and medium sized businesses, Probiz intends to deliver fast and accurate results while minimizing various operational costs. To request a demo or to get more information, kindly visit https://www.probizerp.com/