Earlier, monitoring of production was a bit precarious and tiresome. ERP systems had to be changed now and then along with every production cycle. ERP systems have their limitations which would lead to wastage of time. IoT will send real-time updates about the production status to the data centre using embedded sensors in the production machine.
ERP has a lot of raw data in its storage. IoT can enlarge the accessibility of data from various sources. Also, that data can be verified and cross-checked using IoT. Using IoT, various aspects like forecasting, customer service, inventory and asset management, and business intelligence can be improved greatly.
Usually, quality check managers notice issues and discrepancies only at the end of a production cycle. IoT will let the quality check managers see those issues as they happen. Instead of waiting for the process to finish, it will alert the concerned authority whenever a product is not up to the standard.
IoT lets manufacture team up with the clients and shares information about the product, customer feedback etc. Using inbuilt sensors, it will relay real-time information about the product back to the manufacturer
An enterprise can use IoT software, systems, and technologies to access all types of manufacturing to support the needs of the manufacturer which is only going to get complex and tricky with time. IoT also allows the enterprise to track how much time and resources are used to spend on processes like production, fulfilment, the supply chain, and installation and service processes. Knowing those details will help an enterprise in allocating the right amount of resources which will increase revenue in a significant manner
Production planners have enormous visibility into the status of the raw goods these days since a lot of data regarding IoT about incoming and outgoing route materials are readily available. Having an infrastructure like that can help planners send important alerts through the ERP systems while coordinating with the vendors.
Using IoT, engineering and service departments can procure relevant information about the product since the manufacturer can be contacted from the moment a product leaves the warehouse.
Re-orders, replenishment, etc. can be immediately relayed to the ERP system without any part of the process being manual using IoT. ERP systems can generate intelligent recommendations for various departments using machine learning applications.
Integration of IoT can reduce the cost and time it takes in ERP implementation. Wireless solutions that are simple to deploy enable easier and less expensive access to data to drive higher revenues and improve overall performance.