The Internet of Things (IoT) will create more enhancements in the enterprise resource planning system. Machine interaction opens up many opportunities in the business management sector. As ERP tools are closely related with the business management operations, IoT will play a futuristic role in the business development procedures such as operation enhancement, finding precise locations, speed up the productivity, and better analytics capability. In the near future, manufacturers will be able to track their products with the help of IoT enabled devices efficiently.
The ERP systems which operate with the help of IoT technology is termed as Intelligent ERP systems (iERP). Modernized ERP solution can guide the customers in various functionalities and offer additional services. By implementing the iERP platform successfully, businesses can acquire new customers and improve sales revenue drastically. iERP system can manage, analyze and display all the data in a real-time environment. Thus it is very important to know about the benefits of integrating IoT with your ERP solution.
Here is an infographic from CEM Business Solutions about the role of IoT in the ERP Industry.