On average, companies buy new ERP systems every 10–20 years and upgrade that system every 3–5 years. Manufacturers are often held back by outdated business models and technology and are unable to take advantage of the benefits of the modern technology the digital transformation is pushing. As all the modern technologies become increasingly more accessible and affordable, you will not be able to take advantage of them unless you have a modern infrastructure with which they can integrate.
Here are some other reasons why manufacturers should get current on technology:
- Security: Vulnerabilities can create unforeseen business disruptions but staying current can
minimize these events. Staying secure in your technology can save you a lot of time, money, and headaches down the road.
- Minimize disruption: Modern ERP makes upgrading easier to manage and allows technology to be adopted in smaller steps rather than leaps, minimizing change for the business and its employees.
- Increase productivity: A modern ERP system will be on a schedule for regular releases that improves processes and fixes bugs, reducing time and effort that goes into creating workarounds to make the old system work. By reducing the number of workarounds, businesses can instantly see a benefit in increased productivity and better sustainability.
- Gain Competitive Advantage: One of the easiest ways to keep pace or gain a leg up against your competitor is by running a modern ERP system that allows for other modern technologies to be used in conjunction.
For a manufacturer to keep up with the pace of technology and ensure their organization is mobile ready, they need to upgrade their ERP system to the latest software version possible. If the last two years have taught us anything, it is to always be prepared for any situation. Modern ERP systems give an organization access to insights and actionable information to allow them to make the best decisions for their business and their future.
Your outdated ERP system evolved over time. It may work for now, but it does not work well. If you are in the market to modernize your ERP system, do not let another day go by without taking the first step. 2W Tech is a technology service provider specializing in solutions for the manufacturing industry. We are an Epicor Platinum partner and have been working with Epicor solutions for over 30 years. Let us introduce your business to Epicor Kinetic ERP and all the modern updates it can provide for your business.
Read More:
Cybersecurity During the Great Resignation
What is the Digital Transformation in Manufacturing Referring To?