Question

Discuss how using the internet has replaced enterprise resource planning. In your answer refer to how firm's use intranets.

Answer 1

For suppliers, the Internet of Things holds tremendous promise, from beyond the four factory walls all the way to the supply chain. But it is crucial that manufacturers should not ignore the substantial effect the Internet of Things would have on their enterprise capital planning programmes and the business processes they sustain, despite the enthusiasm about the enhanced accessibility of industrial goods.

The central purpose of an ERP framework is to provide business leaders with actionable data and knowledge. But it's an ongoing and vexing problem to gather detailed data. The Internet of Things has the potential to increase the availability of data significantly and boost accuracy. This has critical customer service, planning, inventory control and market intelligence ramifications.

In order to take full advantage of the Internet of Things' market opportunities, manufacturers need to completely accept it within their manufacturing activities by equipping their goods with the requisite sensors and instruments. They will need to draw on the full potential of current ERP systems, which provide convenient access through the cloud to new software and improved features. Competitive gains would be enjoyed by proactive producers who race full steam into an Internet of Things-enabled environment and aim to optimise the efficiency of their ERP systems.