Whatever the specific functionality, some form of enterprise software is probably on every manufacturing/production company’s wish list. The potential improvements in analytics, integration, communications, performance measurement, and visibility afforded across the business can greatly streamline decision-making processes, create new insights, and save a huge amount of time and money on a number of business functions.
Hard to believe as it is, tomorrow the calendar flips to mark the beginning of 2015 and the second half of the current decade as well. And as we seal off a year of interesting conversations, events, technology developments, mergers & acquisitions, and other industry activity, we’re excited to look forward to another year of evolution (and possible revolution) across the industrial landscape.
Here at LNS Research, we talk a lot about some of the larger technology trends on the horizon of the industrial space today, the defining aspects of which are slowly driven into the software solutions, data collection capabilities, established programs and processes, and operational culture of manufacturing businesses—translating into overall progress.
On June 6, 2012, it was announced that private equity firm Francisco Partners plans to acquire Plex Systems, a pioneer in Cloud ERP manufacturing solutions. Accounting for the facts that Plex Systems is a fast growing competitor in the market and the ERP space is one of the most mature software segments today, this move has the potential to be beneficial for Plex Systems' strategic positioning and growth.
Disappearing are the days of large investments and lengthy implementation times for manufacturing applications. As we mentioned in our previous blog on the Digital Revolution, major changes in the industry charged by Information Technology in the last few decades are quickly moving onto web-based systems.