The foundation for future business models
Businesses are embracing cloud technology to stay securely connected with consumers, and meet demands for faster delivery, increased production and improved services. It frees up teams to work anywhere and opens up a new range of possibilities for the way people work. The agility and responsiveness of cloud technology means that business continuity is assured.
Cloud-based technology doesn’t require in-house servers and so encounters fewer technical problems than software installed on individual computers. It grows with the business and can be adjusted according to the rhythm of business operations. Programmes can be accessed regardless of location or time zone, improving management capabilities. Technology based in the cloud is updated without IT departments spending time updating software on individual machines.
Platform as a service (PaaS) allows companies to develop their own applications in rented production or development solutions.
Infrastructure as a service (IaaS) lets companies of all sizes access enterprise-level infrastructure to scale operations, store data and process information.
Software as a service (SasS) offers internet-based software programmes for use by anyone in a company, one of the most accessible solutions to quickly integrate into a business.
Cloud computing uses the internet to store software and information. This is increasingly used in manufacturing operations and production processes. Smart manufacturing is a future-forward method of allowing computers and devices to communicate with each other to optimize productivity and efficiency. Cloud computing can make smart manufacturing possible for any size of company. Smaller businesses that don’t have the IT infrastructure to implement smart manufacturing can leverage the applications of cloud technology to deploy this.
Product planning and development are linked to production. By merging product planning and development information into supply chain data and communications, manufacturers can prepare their operations for full production. With comprehensive integration, products can move from ideation to engineering to prototype to small production and finally, to full-scale manufacturing and shipping much faster.
Once production starts, cloud technology can enhance the process of producing and stocking products. With enterprise resource planning (ERP) software, companies can match their production levels to available stock and sales. The software can manage price quotes, order intake and customer requests. Mistakes are minimised when using a standard product to track these, lowering order cycle times.
To meet the market’s changing needs and modify output levels, manufacturers can use cloud-based applications to monitor when to change production. By allowing communications throughout the supply chain, these software solutions ensure producers have the required volume of raw materials on hand and can readily change their orders to match their projected productivity levels.
One true source of information
Using a centrally based software solution means that everyone refers to the same information and documents. When using cloud-based ERP, only one main source of company information exists. The prevalence of misinformation decreases. It allows files to be stored in a secure, centralised location, freeing companies from maintaining servers and rendering the risk of data loss from company computers or hard drives obsolete.
Cloud technology’s scalability and automatic updates make planning for the future simpler. Using a SaaS network avoids issues of outdated software or operating systems on an individual computer. By eliminating these concerns, companies can embrace these benefits by integrating SaaS solutions into their operation and other software programmes.
By connecting to the same files in the same software, everyone in the SaaS network participates in data collaboration. Because they reference a shared document, they all have updated information for decision-making and planning. Even those located remotely can contribute to operations and collaborate on projects with cloud-based business software.
Laying the ground
The benefits of cloud technology for businesses include facilitating better communication, managing products throughout their life cycles and tracking inventory. Cloud-based technology will become industry standard, but companies must lay the groundwork for it now. The question is no longer if businesses should use cloud computing, but how can they implement it.
Access the assistance your business needs to bring your operations into the future with FinRev+. Contact us for support, solutions and training to bring your company into the future of cloud-based operations.