Advances in ERP Technology Benefit Small and Medium-Sized Businesses
A strategically designed enterprise resource planning (ERP) system can help organizations of all sizes by analyzing data from disparate organizational functions and synthesizing it in real time, according to research published by the National Center for Manufacturing Sciences (NCMS).
Thanks to the innovative shared web platform, ERP systems can help more organizations achieve significant savings in terms of resources and labor hours.
“Important work is being done by industry, government and NCMS to create and enhance technological advancements,” says Pam Hurt, NCMS vice president of commercial capture, communications and partnerships. “Making these advances visible and accessible to a wider audience is the goal of the NCMS Technology Brief series. Our hope is that, collectively, we can build on what has already been accomplished, strengthen the US manufacturing industry, and continue to be competitive globally. ”
- In 2012, the Department of Defense partnered with MKGCS, LLC to create a prototype ERP known as the Mission Analysis Readiness Resource Synchronization (MARRS) system. The pilot project successfully automated the capture and integration of multiple data sources and business processes into a shared platform.
- The results of the project show that the use of the MARRS system reduces errors and saves time and effort. MARRS automation, when adopted, can result in a significant reduction in the man-hours required for data entry, the cost of compiling paper reports, and the occurrence of human error.
- Examples of industries that can benefit from a MARRS-type ERP include healthcare (managing patient information, medical history, planning and accounting); construction (subcontractors, scheduling, accounting, project status and payroll); manufacturing (supply chain, inventory, invoicing, logistics, qualified personnel and equipment maintenance); wholesale (demand and supply metrics, warehouse inventory, product shelf life, sales and purchases) and retail (inventory management, sales reporting, fashion show programming, data on spending and customer satisfaction, cash flow).