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An interesting study from the Aberdeen Group examined how Leaders, defined as companies “leading” the vanguard of innovation in manufacturing, are using and benefiting from ERP business strategies. Among the 81 companies who responded to the group’s survey, 90% of Leaders implemented ERP strategies while only 10% of Followers, or companies who lagged behind, had implemented it. It seems that knowledge is power, especially knowledge derived from ERP for manufacturing. Key findings from the study include: ERP is near-ubiquitous in discrete manufacturing: 80% of Leaders have ERP. ERP strategies impact key business drivers by providing timely impactful information, managing growth expectations, reducing costs, and enabling operations across multiple facilities. Leaders are 25% more likely to have ongoing initiatives tailoring their ERP for manufacturing solutions to address business challenges. Leading companies value collaboration, visibility, and real-time data access. Among the discrete manufacturers included in the study, the authors found that it wasn’t just having an ERP system in place that made them successful. It was also how well they used it. Companies who used their systems to plan, strategize, and improve across all business functions gained a competitive edge over others. Laggards in the discrete manufacturing space continued to conduct business […]