In the past you, could make an investment in a business technology and ignore it after installation. But today, technological advances are moving so fast that you need to keep up with latest developments, or risk losing out to competitors who will recognise the opportunity out there, thus giving themselves an operational advantage over you.
Those familiar with technology might have heard of Moore’s law where Gordon Moore showed that the number of transistors on a chip would approximately double every two years. Intel has dedicated a web page on the phenomenon for those who are keen to explore this in depth.
But there’s another interesting competing law that many might not be familiar with. The Wright’s law was written by Theodore Wright, the inventor of the first airplane. Back in 1936, Theodore wrote the Learning Curve or (Experience Curve) law in which cumulative unit production is plotted against price per unit. Wright discovered that progress increases with experience: each percent increase in cumulative production in a given industry results in a fixed percentage improvement in production efficiency.
So why compare these two laws?
The point I’m trying to make is that Wright’s law more accurately represents the truth of the business environment we operate in today. In short, the more experience gained in a specific field, the more efficient and cost-effective we become. This means that more businesses are able to afford technology that can help them improve their operating efficiencies and compete for market share at higher levels of service. To put it another way, think about the cost of compute power in the 70s’ through mainframe systems. Not many could afford access to this technology, compared with today where almost every business operates with an information system. Did that lowering of technology cost happen because Gordon Moore said more transistors can fit on a computer chip over time? I think it’s more likely that Theordore Wright better understood the problem.
Monitor ERP System also understands that we must keep pace with industry developments to maintain a perceived value to our customers. We’ve gained over 35 years of experience developing production management technology solutions for our customers all over the world. Today it’s not enough to deliver an ERP / MRP system to a manufacturing company. Today our customers want access to more data deeper into their production line and supply chain. They want to know what inventory they should be holding, where they should be holding it, and at what levels. They want seamless access to machine data from the shop floor, and to access their data from anywhere. They also want to know that the delivery times they promise to their customers is accurate to protect their all-important brand image.
Monitor’s latest offering, MONITOR G5, is everything our customers have come to love about us over the years. It is fuelled with a beautiful new graphical design and a multitude of features ready to help our customers realise sustainable business growth well into the future.
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