Manufacturing in 2022

Manufacturing in 2022

Building Business Resiliency and Funding Innovation

Building Business Resiliency and Funding Innovation

Moderator

Panelists

Reducing manufacturing ERP support spend to drive growth and create a more agile, strategic foundation

At Rimini Street’s recent virtual thought leadership event, Manufacturing in 2022: Building Business Resiliency and Funding Innovation, panelists in the manufacturing space came together to share their thoughts on:

  • Shifting budget priorities to optimize spend and fund the future
  • Protecting budget and decreasing cost amidst industry-wide disruption
  • Defining the impact of big data, AI/ML, and IoT on how manufacturers develop, design, and distribute products
  • Demonstrating higher EBITDA margins and increasing ROIC
  • Leveraging new technologies to increase speed-to-market and differentiate from the competition

Access the Full
Content Here:

Access the Full Content Here:

Reducing manufacturing ERP support spend to drive growth and create a more agile, strategic foundation

At Rimini Street’s recent virtual thought leadership event, Manufacturing in 2022: Building Business Resiliency and Funding Innovation, panelists in the manufacturing space came together to share their thoughts on:

  • Shifting budget priorities to optimize spend and fund the future
  • Protecting budget and decreasing cost amidst industry-wide disruption
  • Defining the impact of big data, AI/ML, and IoT on how manufacturers develop, design, and distribute products
  • Demonstrating higher EBITDA margins and increasing ROIC
  • Leveraging new technologies to increase speed-to-market and differentiate from the competition

Access the Full Content Here:

Key Panel Takeaways

Key Panel Takeaways

The global pandemic has accelerated shifts in the manufacturing industry as never before. As companies look to the future, it’s become necessary to develop creative solutions and leverage innovative new technologies to fund organizational transformation.

On September 23rd, Rimini Street gathered IT and ERP licensing leaders in the manufacturing space to participate in and speak at Manufacturing in 2022: Building Business Resiliency and Funding Innovation. The conversation centered around ways to reduce manufacturing ERP support spend so that organizations can shift budget to funding digital technologies and initiatives that will drive growth and propel them into the future.

Check out four key takeaways below:

1. Moving to the cloud is a massive undertaking

Bas Ursem of Kraton Corporation equated current ERM systems to cruise ships and cautioned against thinking moving to the cloud is a quick process. “A big cruise ship is really nice, you can do everything on that ship, just don't ask it to move quickly because that's not going to work.”

During Kraton’s journey to the cloud, Bas noted a move away from the ‘cruise ship’ model to a more decentralized structure where certain business processes are handled in different, better optimized systems creating a composite of platforms and tools.

2. Focus on bang for your buck when it comes to budgetary priorities

“There's more focus on security, [and] there is a recognition that we do need to invest in security.” noted Soundharya Nagasubramanian of Hillrom.

By reevaluating her organization’s annual operating budget, she was able to ensure that capital projects are getting funded, but not at the expense of other operational priorities such as security spend.

3. There’s a new kind of industry disruption

Nitin Sethi of Visteon Corporation spoke about framing protecting budget and decreasing costs as an industry disruption. In his view, it’s important to have an overall structure in place which focuses on “keeping the lights on” but also “another part of the organization that continues to challenge the current ecosystem.”

By seeking out cost saving opportunities and operational efficiencies, budget can be reallocated toward innovation and future-facing capital projects.

4. The current IT skills shortage is having an impact across industries

As companies move their workloads to cloud, many have encountered challenges as they seek to fill new roles with qualified employees. “This is becoming an ongoing issue out there in terms of getting the right quality of resource,” noted Nitin Sethi.

Bas Ursem spoke about balancing retaining employees with outsourcing other operations. “Let's let go of some of these system-related skills,” he suggested, while mentioning retraining employees with vast knowledge of business processes could be a key strategy as companies look to the future.

Interested in hearing more? Check out the full panel discussion and more topic-based video clips from the event by filling out the form at the top of this page.

Preview the Highlights

Preview the Highlights

Sponsor

Rimini Street, Inc. (Nasdaq: RMNI) is a global provider of enterprise software products and services, the leading third-party support provider for Oracle and SAP software products and a Salesforce partner. The Company offers premium, ultra-responsive and integrated application management and support services that enable enterprise software licensees to save significant costs, free up resources for innovation and achieve better business outcomes. To date, more than 4,200 Fortune 500, Fortune Global 100, midmarket, public sector and other organizations from a broad range of industries have relied on Rimini Street as their trusted application enterprise software products and services provider. To learn more, please visit www.riministreet.com, follow @riministreet on Twitter and find Rimini Street on Facebook and LinkedIn.

The Adobe family of companies would like to keep you informed with personalized emails about products and services. See our Privacy Policy for more details.

Please contact me via email.

By clicking “Submit” I agree that I have read and accepted the Terms of Use.

adobe.comadobe.com
Adobe Privacy Center
Adobe Privacy Policy

adobe.comadobe.com
Adobe marketing and advertising practices I Adobe
Adobe marketing and advertising practices

adobe.comadobe.com
Adobe Privacy Center
Adobe Privacy Policy

adobe.comadobe.com
Legal
Legal Terms of Use for Adobe products & services