Does this sound familiar? You’ve just finished updating and printing a huge project plan, and before you can even blink, it’s already out of date. It would never have happened if you’d used the project planning tool that comes with our industry solutions for discrete & project-based manufacture. This software helps you implement your planning efficiently and precisely.
Why is ERP system modernization so important for discrete manufacture in particular? One answer comes from a recently released long-term study by Trovarit, demonstrating that over half of all ERP systems are at least ten years old. At the same time, nearly two thirds of all those surveyed admitted that their business solution was no longer keeping up with current demands.
Developing intelligent ERP solutions is something different. It starts with an idea, a goal, a concept – but no one knows exactly what hurdles need to be cleared in order to make it a reality. The journey into unknown territory will place specific demands on the team. Furthermore, intelligent ERP projects require a whole host of skills, which is why our team at COSMO CONSULT is interdisciplinary.
Do you know the difference between classic and intelligent ERP systems? The latter involves intelligent assistants providing support when making complex operational decisions or controlling selected business processes autonomously. They are based on mathematical models for prediction and optimization. In these mathematical models, real facts are translated into the language of mathematics, meaning questions can be answered using mathematical methods. Unlike classic ERP systems, intelligent solutions therefore have a kind of dictionary, which gives them direct access to the precise and complex world of mathematics.
The term “intelligent ERP” is everywhere nowadays. But almost no one knows what it means. The explanation often involves other acronyms or Anglicisms, such as Internet of Things (IoT), Big Data, or Industry 4.0. But, what does intelligent ERP mean for German machine and plant manufacturers? What are the specific benefits?
A lot has been said and written about artificial intelligence (AI). Fueled by digitalization, the process industry is becoming increasingly open to the use of AI. AI-supported decision-making processes automate processes in robotics as well as in speech and image processing. This makes it even more surprising that only a few ERP systems in process manufacturing already use this technology.
Intelligent assistants are expanding the potential of conventional ERP systems. The aim is to exploit existing business data for predictions and optimizations, save costs and work more efficiently. Intelligent ERP systems are not a random innovation. COSMO CONSULT is reacting to a rapidly growing demand as many company solutions are no longer fully satisfying increasing operational requirements.