{"id":8096,"date":"2020-01-14T09:42:01","date_gmt":"2020-01-14T17:42:01","guid":{"rendered":"https:\/\/blog-prod.qad.com\/blog\/?p=8096"},"modified":"2020-01-14T09:42:01","modified_gmt":"2020-01-14T17:42:01","slug":"how-adaptive-erp-helps-create-competitive-advantage","status":"publish","type":"post","link":"https:\/\/www.qad.com\/blog\/2020\/01\/how-adaptive-erp-helps-create-competitive-advantage","title":{"rendered":"How an Adaptive ERP Helps to Create Competitive Advantage"},"content":{"rendered":"

[vc_row][vc_column][vc_single_image image=”8098″ img_size=”full”][vc_column_text]Gone are the days when the size of a business determined its success. Just as oceans and seas form the coastlines of the world, industry change forms business viability. The longer a company can survive and stay profitable, the better its viability. So, why is it important for companies to regularly evaluate their enterprise systems?<\/span><\/p>\n

It\u2019s all about the data.<\/span><\/p>\n

Real-time Data Access and Analysis<\/span><\/h2>\n

The hunt for the next <\/span>competitive advantage<\/span><\/a> is getting bigger by the fiscal quarter. Companies are going to great lengths to one-up their competitors by acquiring, structuring and even buying large amounts of data. Though it\u2019s not just about how or where you collect it, it\u2019s about how quickly you collect it and what you do with it once it\u2019s been gathered. A company\u2019s ability to access real-time information over the more manually intensive methods puts it in a better position to manufacture competitive products and stay relevant.<\/span><\/p>\n

When you think of real-time access to data, it\u2019s easy to think of the Cloud. Cloud technologies have progressed over the years, dramatically changing how we search for, collect and analyze our data. Advancements in encryption technology have also made cloud-stored data generally safer than locally-stored data, with proper monitoring and protection measures in place. Further, machine and data-enabled learning tools can collect even more cloud datasets by using advanced algorithms to quickly turn found data into valuable insights.<\/span><\/p>\n

Using Data to Keep Up with Disruptive Change<\/span><\/h2>\n

The role of business data has evolved, but so has the role of enterprise resource planning (<\/span>ERP<\/span><\/a>). As much as investors rely on sets of data to make informed investment decisions, manufacturers also rely on data to drive their product development, identify industry trends and enhance their operational efficiency. In addition to providing basic platform functions, such as data entry and reporting, the ERP system should also support the direction of the company by responding quickly to change.<\/span><\/p>\n

With the pace at which the world is progressing, speed is now one of the most important business elements. It\u2019s the job of the <\/span>ERP solution<\/span><\/a> to be agile enough to align with the business, to enable new technologies and improve the company\u2019s chances of success. In order to stay competitive, an adaptive ERP must:<\/span><\/p>\n