Manufacturers are taking the time to explore the ever evolving possibilities presented by cloud computing platforms and business systems, realizing that a new investment in the technology will streamline key areas of their business processes.
While on-premise systems serve as a tried and true system, cloud-based systems are proving quicker to roll out, easier to customize and have the potential to save on costs. Cloud-based strategies are giving manufacturing companies an outlet to customize and output their unique business needs into effective cloud solutions. Techtarget.com explain in a recent article, how cloud computing technologies are slowly finding a home in the industry.
“Perhaps the most attractive benefit of cloud computing is the price. Many manufacturers have to make do with conservative IT budgets; the low cost of cloud computing gives these manufacturers access to software that they couldn’t afford to install in-house. As SaaS ERP becomes more popular, SaaS providers are offering more flexibility to sweeten the deal.”
There are several cloud-based solutions that will help manufacturers take advantage of cloud’s evolving capabilities:
Compute and Storage: Cloud services offer compute and storage resources as needed. Cloud computing also enables manufacturers to run large simulations for product development, rather than investing in the physical resources needed for testing. The cloud provides the scalability to meet the peak compute and storage needs, and customers have to pay only when they use those resources. This approach can reduce product development cycles and cost.
Content Management: Solutions are helping manufacturers to automate customer service, support order status inquiries online, regulate price and distribution by offering ways to leverage information governance best practices. The cost and time savings advantages alone are worth investigating. Find out more about ECM solutions that are helping businesses harness content.
Cloud Backup Security: A recent study conducted by Clutch, a B2B research firm out of Washington, DC, suggests that cloud data backup is considered a more secure option than traditional backup by majority of SMBs. Cloud storage solutions traditionally offer reduced downtime in the event of a loss, and allow for easier locating of data. Additionally, using the cloud as a backup tool can allow for increased scalability, as you have the ability to increase your storage at any time. Only pay for the data you use, and nothing more, standard best practice in meeting the needs of your growing businesses.
Oracle’s Manufacturing Cloud solutions offer manufacturers insight into systems and processes in a way that make customer responsiveness more efficient than ever before.
“Knowing what’s happening—or what’s not happening—is critical to your manufacturing organization and to your business. But in addition to visibility, you also need an integrated supply chain so you can communicate situations quickly and efficiently to other supply chain stakeholders, such as procurement and order management. And you need more information. Not just more data, but more insight into your processes and your systems so you can leverage the systems and analytics for visibility, agility, customer responsiveness, and the complex global accounting of today’s business environment.”
Oracle’s research has found several advantages for manufacturers who leverage cloud capabilities:
Cost and Profitability: Cloud computing boasts an average improvement of 22 percent in profitability and an average reduction in costs (attributed to optimized manufacturing operations and planning processes) of 23 percent.
Visibility and Agility: Complete visibility also encourages more insightful decision-making, as with real-time views that offer visibility into work orders with serialized-enabled manufacturing. •
Collaboration and Innovation: Cloud platforms lets users collaborate, connect, and share solutions with others in the organization and across the supply chain, providing an interconnected, unified series of events that span the extended enterprise, your business partners, and your customers.