Supply chain risk management is a major concern for many companies today. According to a Gartner IT Risk Management Survey, 70 percent of those canvassed said that risk management data would influence board-level decisions – up from just 46 percent a year earlier.
Most can agree that cloud ERP, and certainly manufacturing cloud ERP, is in its infancy. Interestingly, while analysts project that the adoption rate for cloud HR is more than 60 percent and for cloud CRM over 75 percent, the present adoption rate of cloud ERP for manufacturers is less than 10 percent (versus 90 percent of on-premise ERP). Yet, there is a general consensus that by 2023 most of the installed MFG ERP systems will be cloud-based.