This article is about Dynamics 365 ERP Technologies contributing to designing a Resilient, Intelligent, and Adaptable Supply Chain against the coronavirus (Covid-19) pandemic and has been planned into 4 posts:
Let's get started with PART 1
CONTENT Introduction Using technology against the impact of the coronavirus (Covid-19) pandemic on supply chains Cloud ERP |
INTRODUCTION
The series describes the technological concepts and functions that should be in ERP in order to have the features that can respond to the needs by stretching quickly and easily in order to adapt to today's rapidly changing conditions of the strong connection between the concepts of supply chain and ERP.
The way businesses and supply chains work is changing due to COVID-19. The imbalance between supply and demand during the pandemic has revealed the weaknesses of supply chains. In this environment where there are rapidly changing business needs and customer demands, it is necessary to ensure business continuity and meet the demand for businesses to continue to make profits. In other words, a supply chain system that can respond to ever-changing conditions must be designed and effectively managed in order to meet expectations and achieve targeted success criteria.
The subject of this study is Dynamics 365 ERP technologies that contribute to design a Resilient, Intelligent, and Adaptive Supply Chain against the Coronavirus (COVID-19) pandemic to reduce the risk of supply chain disruptions. The importance of the high value-added supply chain created by the correct use of the specified technology components is its contribution to meeting the rapidly changing business and customer needs.
The aim of this study is to bring the best and common applications of technology components necessary to create a flexible supply chain to the literature.
As a method, in the first part of this study, the impact of COVID-19 on supply chains is discussed. In the second part, the concept of Cloud ERP is detailed. In the third section, cloud ERP components are detailed. In the fourth chapter, Dynamics 365 ERP technologies that contribute to designing a Resilient, Intelligent and Adaptive Supply Chain against the Coronavirus (COVID-19) pandemic are detailed. In the fifth chapter, conclusions and recommendations are detailed.
CHAPTER 1: USING TECHNOLOGY AGAINST THE IMPACT OF THE CORONAVIRUS (COVID-19) PANDEMIC ON SUPPLY CHAINS
COVID-19 has changed the way businesses and supply chains work. Supply chain processes that were running smoothly and effectively just a few months ago now require re-engineering. Major shocks to “supply and demand” during the pandemic have exposed the weaknesses of supply chains on resilience versus efficiency. Meeting customer needs without interruption and delay by bringing together people, data, and processes, ensuring business continuity, and of course, making profit is the main goal to be achieved.
In this world of increasing complexity and rapidly changing business needs, creating more flexible and stronger supply chains is essential to survive in an uncertain business environment, to rapidly transition to new business reality, to grow, and to compete.
Dynamics 365 ERP, Microsoft's cloud ERP for enterprises, is an adaptable Software as a Service (SaaS – Software as a Service) platform that can quickly adapt to changing business needs and processes by optimizing digital solutions in times of uncertainty. functions and process components on a single system. In this study, the technology components of Microsoft Dynamics 365 ERP that contribute to designing a Durable, Intelligent, and Adaptive supply chain are examined.
The COVID-19 pandemic is an example of how supporting remote work and building online collaboration channels has become a top priority for most customers in 2020. Companies like Facebook and Twitter are also planning to make working from home the new normal. This has required organizations to make coordinated changes at the IT level down to the infrastructure, network, device, and application layers. These changes offer different values for the system itself and for the customers of the system.
Business: A cloud ERP system that can be changed easily with configurations offers a more flexible design. Cloud ERP is a uniquely flexible system with easy to add and remove features and constant platform updates.
Customers: It helps to achieve the targeted customer satisfaction in meeting the ever-changing customer needs with the help of functional and technical innovations that can be added or removed.
Dynamics 365 helps business processes adapt to change. By optimizing digital solutions in times of uncertainty, companies can keep their business resilient, up-to-date, and flexible. This study clearly highlights the strength of Dynamics 365 ERP as an adaptive SaaS (Software as a Service) cloud platform that not only offers flexible solutions but can quickly adapt to changing business needs.
CHAPTER 2: CLOUD ERP
2.1. Cloud computing
Simply put, cloud computing is the delivery of computing services over the Internet ("the cloud"), including servers, storage, databases, networking, software, analytics, and intelligence, to deliver faster innovation, flexible resources, and economies of scale. Cloud computing is the provision of on-demand computing services, from applications to storage to processing power, typically over the Internet and on a pay-as-you-go basis. Because typically only the cloud services used are paid for, it allows for lower operating costs, more efficient operation of business infrastructure, and scaling of the system as business needs change.
2.2. Major Benefits of Cloud Computing
Cost
Cloud computing eliminates the capital cost of purchasing hardware and software and setting up and running on-site data centers – server racks, electricity for power and cooling around the clock, and IT professionals to manage infrastructure.
Speed
Most cloud computing services are self-service and on-demand, so even massive amounts of computing resources are available in minutes, often with just a few mouse clicks, giving businesses a lot of flexibility and reducing the pressure on capacity planning.
Global scale
The benefits of cloud computing services include the ability to scale flexibly. In the cloud, this means providing the right amount of IT resources – more or less computing power, storage, bandwidth, for example – when they are needed and in the right geographic location.
Productivity
On-premises data centers often require a lot of configuration and maintenance, such as hardware installation, software patches, and other time-consuming IT management tasks. Cloud computing removes the need for many of these tasks so IT teams can spend time achieving more important business goals.
Performance
Cloud computing services run on networks of secure data centers around the world that are regularly upgraded to the latest generation of computing hardware. This offers several advantages over a single enterprise data center, including reduced network latency and greater economies of scale for applications.
Reliability
Cloud computing makes data backup, disaster recovery, and business continuity easier and cheaper. Because data can be mirrored across multiple redundant sites in the cloud provider's network.
Security
Many cloud providers offer a broad set of policies, technologies, and controls that help protect data, applications, and infrastructure from potential threats, with overall strengthened security.
2.3. Cloud ERP
Most companies are familiar with ERP (Enterprise Resource Planning) software, from paper notebooks to computerized accounting programs, from manual planning to computerized optimization programs, the evolution of it all. ERP systems are used to help aggregate and organize data spread across each of its independent departments. Traditional ERP solutions often reside on a company's own server infrastructure and require updates and service to stay functional. The emergence of cloud ERP systems from the evolution of ERP systems was a result of recent technological developments. Unlike traditional ERP software, cloud-based ERP runs on the cloud as it is a software as a service rather than a dedicated server infrastructure for companies to share information between departments. Cloud ERP software integrates some or all of the core functions to run a business, transforming external systems such as accounting, inventory and order management, human resources, customer relationship management (CRM), into a single, holistic ERP system.
In the light of technological developments in recent years, organizations are moving their information systems to the cloud. In the cloud computing model, technology vendors often offer data and systems as web-based services. The most common example of this is Cloud ERP. Another definition of cloud ERP is as follows: Cloud ERP is an enterprise resource planning (ERP) system that runs on a vendor's cloud platform as opposed to an on-premises network and allows organizations to access it over the internet. For this reason, cloud ERP can also be called digital ERP.
According to Forbes' US study (The Most Popular ERP Systems of 2020 Based on Customer Insights), 74% of ERP users had a positive impression of ERP suppliers' contributions in this area when asked whether ERP vendors are a barrier or a catalyst for greater innovation. They say they have it. The top-performing ERPs for helping customers innovate are:
• Microsoft Dynamics 365 ERP
• Oracle ERP Cloud
• Unit 4 ERP
In the next section, Microsoft Dynamics 365 ERP, which is Microsoft's Cloud ERP for enterprises, and its system components will be discussed.
... to be continued with Cloud ERP Components.
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