The business world is constantly evolving, and ERP systems need to evolve to as well to keep up with the demands and to be able to provide the tools, flexibility, and scalability needed. ERP systems help keep a business organized, efficient, and productive.
The rise of Internet of Things (IoT) devices is a trend that has been growing in the last couple of years. ERP systems can help businesses manage these devices from helping with data tracking, all the way to automation implementation.
IoT devices can be considers any type of data tracker that can be deployed throughout areas of the supply chain, including smart gauges and sensors. These devices can gather copious amounts of data across physical assets and can provide necessary insights into operational efficiency, or inefficiencies. It can also help with understanding how much energy an asset uses, assembly speeds, downtime, and shipping data. The number of IoT devices is expected to triple in the next ten year, hitting nearly 30 billion devices.
ERP systems can collect, synthesize, and analyze data without the help of IoT devices, however, they can help build a more comprehensive picture of the entire operation.
How is your business utilizing IoT devices with your ERP system? If you have questions on how to do this or need help ensuring you are maximizing your Epicor ERP investment, let the experts at 2W Tech help!