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How can modern ERP solutions help companies increase speed to market?
Modern ERP solutions come packed with all sorts of new features (cloud computing, mobility, BI, etc.). How do these features help companies increase their speed to market?
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3 Answers
Any information that helps to speed and improve business decisions can help to shorten time to market in ways that make a business more competitively agile and responsive. In that context, it's important to remember that "you can't manage what you can't measure, and you can't measure what you can't see." Modern ERP solutions with features such as business intelligence, analytics, reporting, integration with other applications and support for "the mobile, social cloud" make key business processes and conditions visible, measurable and manageable. Such features also make the processes and resources that govern time to market easier to improve and optimize.
Modern ERP solutions therefore help shorten time to market in two ways. They give companies greater control over and awareness of the resources behind every product. They also give business decision makers information they can use to improve the processes behind every go-to-market effort. Such features can not only shorten time to market, but increase the success of every market-facing initiative.
Well said, Michael
Business agility relies on good information, good organizational discipline and the ability to coordinate change effectively in a short period of time. There are a number of tools and processes that an organization can deploy to give them the insights necessary to make these kinds of changes without undue risk.
ERP is definitely one of those tools. Features related to mobility and integrated BI are helpful in allowing the folks in the field to quickly provide or analyze business critical information. Cloud computing features are helpful in deployment time, facilitating pilot testing, and controlling the costs of delivery of the services.
-ASB: http://xeesm.com/AndrewBaker
The modular architecture of modern applications, enabled by the services-based model of cloud computing, allows them to "flex" in response to market and business demands, helping companies increase their speed to market and gain first-mover advantage. Just as we've seen how applets can be "mashed up" in response to a particular business or operational need, many of the functions normally deeply embedded in legacy systems ERP and BPM systems can now be extracted and made available for reuse. Companies like Cordys led the market in creating cloud-enabled workflow and productivity applications through their Process Factory offering.
I think we will see large enterprise systems continue to be "de-constructed" to adapt to the granular nature of cloud-based services. Enterprises large and small need to be able to "plug in" to the most appropriate service that fits their particular business model and market drivers. ERP/BPM companies that can't or don't respond to this shift are likely to be non-players in the future.
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