The need for a digital mindset
Adopting ERP-II doesn’t just start with transforming legacy systems; it also demands a change in the mindset.
Here are 10 factors that define the ‘digital mindset’:
Products mindset: ERP-II consists of software products and not applications, that perform specific functions. The ability to rightly identify what constitutes these products is a critical success factor.
Data monetization mindset: ERP-II is all about consuming and providing services through APIs. Traditional manufacturing companies will need an API economy mindset to monetize value of services and data.
Systems thinking: Designing and operating in the ERP-II world calls for constant monitoring of systems for failures and experiences.
Ecosystem, partnership mindset: Companies should move away from siloed thinking and embrace multiple partners, including startups. For example, an automotive OEM will need to work with 40+ different industry segments and sub-segments to provide a seamless customer experience.
Rapid innovation: Along with an approach toward minimum viable product (MVP), companies must have an agile mindset to drive incremental innovation.
Microservices mindset: Building smaller, independent, and loosely coupled services instead of a monolithic application will allow developers to become language and technology agnostic while applying a microservice that extends beyond one application.
Line of sight to value: When employees have a clear line of sight, they can articulate the relationship between what they do and what contributes to project, program, portfolio, and company success better.
Fail fast approach: With the freedom to fail, learning from each failure helps teams succeed faster in the next iteration.
User experience mindset: This mindset keeps the customer at the center of any design decision-making and all through the product creation journey.
Onboard versus implement mindset: Consultants will have to change their software approach of implementing services from a manufacturing plant to onboarding a manufacturing plant for services.