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Why is ERP system modernization so important for project-based manufacturing in particular? One answer comes from a recently released long-term study by Trovarit: Two thirds of all those surveyed admitted that their business solution was no longer keeping up with current demands. The average age of the ERP systems looked at was 11.3 years. Nevertheless, more than 75% of those surveyed consider the ERP system to be the central data platform in their company.

The Internet of Things (IoT) offers mid-sized companies significant advantages in terms of efficiency and costs. Connectivity, mobile solutions and sensors simplify operation and maintenance.

Why is reliable master data important in process manufacturing? And what can I do with it anyway? Master data management allows you to use the right data at the right time for the right person through the right channel. First, a few words about the current situation.

The German Chemical Industry Association predicts that the process industry is planning to invest more than €1 billion in digitalization projects and new sustainable business models over the next few years. After all, organizations that successfully collect and analyze their data along the entire value chain secure a huge competitive advantage. And a study by the Fraunhofer Institute research organization suggests that a digital approach to the product life cycle in the process industry could lead to a 30% increase in value creation by 2025. This forecast alone is reason enough to address this issue.

The real challenge is to develop a company-specific IT strategy. Industry-wide processes may be similar, but each company has its own characteristics and special requirements. The pace of change in technology and usage models is increasing rapidly. It is difficult for managers and employees to keep up to date: existing systems and IT infrastructure are not always designed to adequately cope with upcoming digitalization projects.

Storing documents on a central server - is that already a step towards digitalization? Maybe that was the case 30 years ago, but certainly not today. Current technologies can do much more than just manage documents. This opens up new opportunities for companies - for better quality, a higher level of automation and the secure feeling of having things under control.

One of the great challenges in quality-focused companies is to maintain an overview of all incidents and to react quickly. No wonder that an awareness for quality-focused processes is growing in many companies. Incident management is the hub for these processes. The starting point is always an event that triggers a process. Incidents can have a variety of causes and depend strongly on the respective company’s business model.

Modern technologies and business software play an increasingly important role when it comes to quality. Companies investing in this area could gain significant competitive advantages.

Objectives and Key Results (OKR) is an agile management method increasingly used for team leadership. The success of the agile approach is beyond doubt: instead of executives setting goals for employees, goals are developed together as a team, which has a positive effect on employee motivation and productivity. However, this kind of goal-setting is not for lone wolves. Therefore, it is important to be aware of the risks of this method before implementing it. In particular, the following points about OKR should be noted:

Too much stress, too many projects, too many changes—if there is no measurable success, dissatisfaction levels can quickly increase. This underlines the need to find new ways of working together (New Work). After all, many of our current problems can no longer be solved with traditional models of organization, work and leadership. On the contrary, they need new ideas, ways of thinking and structures.