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Brain of your planning activities- ERP Scope

ERP Scope:

eresource ERP is a modular solution built for vertical enterprises, which supports Sales, Purchasing, Supply Chain, Inventory and Material Management, Quality, Research and Development, Production, Quality, Finance, Human Resource, and service functions, amongst others.

eresource ERP’s major strength lies in the manufacturing module in ERP that provide multiple benefits. eresource, ERP is key to business process automation. eresource ERP helps you control your day-to-day business, irrespective of whether the day is spent on the shop floor or around the board table. Once implemented, eresource ERP will be the heart of your manufacturing business, the wheels of your distribution channel and the brain of your planning activities

eresource ERP is the most reliable enterprise resource planning application, providing organizations with the strategic insight, ability to differentiate, increased productivity and flexibility they need to succeed. eresource ERP helps drive innovation and supports future of your organization.

eresource ERP benefits at a glance

  • eresource ERP offers the functionality you need to increase efficiently across your enterprise.
  • Completing daily task efficiently – Business automation
  • Integrating department for real time collaboration and security.
  • Linking branches, factory, sales, purchase, dispatch/delivery, supply chain management spread across different geographical location at real time.
  • Uniform monitoring system for customer, suppliers, vendors and partners
  • Managing organized and streamlined business process – purchase, sales, Inventory, billing, production, receipt, payment, HR, Taxation, Excise and Exports.
  • Maintaining efficient product catalogue.
  • Keeping day-to-day track sales, dispatch & payments
  • Calculating accurate production costing
  • Accessing consolidation financial information
  • Accessing daily report without depending on anyone.
  • Timely Delivery and reducing inventory yet maintaining production cost.
  • Maintaining best practices and introducing Industry best practices
  • Ensuring that everyone in the organization is responsible and accountable

Also Read – ERP for Plastic industry

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Importance of Sales and Marketing module in ERP system

Sales and Marketing Module in ERP

At the midst of latest global business developments, ERP service providers are mainly focusing on mid-market companies with easy to use, rapid to deploy and cost-effective ERP solution.

With the deployment of these ERP systems, companies can now leverage the extended functionality of their international business requirements. ERP systems also help them respond to complex needs, from data analytics, reporting and financial accounting through to management control and operational management (production, purchasing, sales, inventory management, etc).

Sage, a global leader in enterprise management solutions, is now offering Sage ERP X3, its international ERP solution for mid-market enterprises. And in India eresource ERP has also recently launched its Cloud ERP version with its SaaS (Software as a Service) model.

Companies who have implemented these type of ERP solutions are highly benefited and they are grateful to its unique ability to factor in the international aspects of companies’ business, especially by supporting a broad array of different legislative systems with just a single database. Exclusively developed for the mid-market, these systems cater to the every need their day to day business process.

eresource’s Cloud ERP model is a solution that adapts requirement of every small to mid-market companies in Indian industrial segment. Companies that have deployed the system find comfort in their operational mode and they feel with this system they can confidently go about meeting their objectives.

Indian ERP systems like eresource is serving the Indian market for almost a decade now and its effective system is capable to address mid-market company’s specific requirements and challenges in various industries from manufacturing, services to distribution and many more.

Small and medium scale industries are the one that could benefit maximum from the Cloud ERP system in India, they are in the stage of growing path. Unwanted expenses incurring in the way of investment in an exclusive IT departments and the executives to maintain and manage its successful operations will definitely make a hole in their pockets. With the usage of this cloud computing application method they will be able to divert the resource in other areas that could help them grow further.

When mid-market companies plans to implement an ERP they must really must get into a long discussion and have a thorough evaluation of their requirement about the ERP system. All ERP consultants are always ready to clear any doubts pertaining to the ERP system in A continuous interaction between company executives and the consultants will clear the way to understand an ERP system more closely.

The requirement of companies also varies. There are cases which needs only updates of few modules. In some cases companies may subscribe to a demand-planning module or a production-planning program for an overseas plant rather than going with a full ERP suite. Whatever the cases may be, all options are available in the ERP market today. What you need is the right advice from an efficient consultant.

Mail Us at sales@eresourceinfotech.com for Live ERP Software Demo

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Right time to implement ERP software

ERP Software Implementation

Recently, due to the economic slowdown, there was little concern whether investment in the ERP by companies may decrease and the number of implementation will drastically come down. But it has been proved that these are speculations without any ground and during the last year growth of ERP software implementation have gone up tremendously and companies have realized that their decision to go with ERP has brought them a good return on investment (ROI).

Though reasons to implement ERP system might vary depend on companies, there are some common reasons for many companies to implement an ERP system at this time.

The primary reason is a slower economy that affords companies the opportunity to use their resources and implement the ERP system software successfully.

The second reason is that many ERP software vendors are aggressively pricing their solutions in response to a slowing economy situation; clients are now able to procure an ERP solution at a lower cost than in years past.

And the third reason is that some clients are continuing to grow despite, or as a result of, the current economy, and these companies are investing in enterprise software that can help them scale for growth.

Also Read – Streamlining manufacturing operations with ERP software

Whatever the reason may be, what we would like to emphasis is that implementation of an ERP system will definitely will improve business performance. Companies also must take initiative to replace an old ERP or legacy system to increase efficiency and to standardize global business operations.

Choosing the right software is not the only criteria while implementing an ERP solution. You also must make it sure that ERP enables measurable improvements to your business. In choosing an ERP software package and planning for the overall project, executives need to make decisions based on objective, unbiased information rather than gut feel.

Companies must be well prepared before going for an ERP software implementation and must embark on a thorough ERP vendor assessment and selection process.

Companies must also know before making a decision to implement an ERP system that what the company want to accomplish by taking on this challenge. ERP implementation should be carried out only after a study of impact of pros and cons that could bring to the company in its business process and return on investment.

Success of an ERP modules will also depend on how it has been used. Proper training to the staff is very important when it comes success of an ERP system. In addition to training to employees to use the ERP system efficiently, executives should use the process of defining ERP business requirements as an opportunity to improve current operations, efficiency and effectiveness. The last thing a company should do is implement software to automate the same flawed business processes.

Many companies implement ERP to automate their business process and this is where they fall flat. As mentioned above companies must study the scope of the ERP system they implement well before implementation and must make use of all its operational methods and utilization properly to achieve a positive result along with automated operational methods.

Also Read – An ultimate guide to implement ERP software in Construction company

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Keep your ERP database fully protected

ERP Database Protection

Every company has confidential information about its business strategies and other details which are considered be very highly important data. Therefore, it is important to see that this database does not fall into the wrong hands which could pose severe consequences for the company.

Many steps can be taken to enhance the company’s ERP database security. Role-based IDs and passwords will ensure that users can access only the data they are authorized to view, based on their job function or position within the company. A practice of changing the password on regular basis by the users will be a good habit that could act as a ideal ERP data protection. And, data encryption, firewalls, and other measures can help you keep hackers, cyber-criminals, and other outsiders far away from your ERP software database.

As you know an ERP database is perhaps one of the most vital assets the company owns. Keeping that ERP database protection from threats such as security breaches, performance issues, and technical breakdowns is crucial to ensuring continuity and consistency in your most important business activities.

When there is a threat to your ERP software database all the major operations of your company such as human resources, production planning, procurement, accounting and finance and other critical back-office function could become standstill.

But this kind of a security threat could be eliminated with advanced administration techniques. A good security backup could ensure that your ERP database is available and readily accessible at all times. By monitoring performance around-the-clock, system administrators can immediately identify and troubleshoot problems, to prevent productivity slowdowns caused by down time. Additionally, mirroring your ERP database using redundant servers can provide a much-needed backup that can be utilized in the event of a major system failure.

Also Read – ERP web advanced features

Companies must also be prepared with other disaster recovery management. Today there are few companies that are prepared in the event of a major fire break out or a flooding situation. To face this kind of natural disaster the companies must be occupied with well-designed back-up plan in place. Loss of critical information and database could cost your company millions of rupees and will take your company back to years in terms of business growth.

Today most of the companies see the opportunity to implement ERP system as to replace all of their old legacy business applications which can make their business operations more efficient with right security support. It is also to be remembered that when putting measures in place to protect your ERP environment is to not only safeguard the ERP database and related systems, but to secure all other systems that share information with it.

Also Read – Features and Benefits of ERP systems in the food industry

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Is your ERP system ripe for replacement?

What is the need of ERP software? Some may ask. The answer is not simple. Though we must understand that today there are lots of midsize companies face challenges specific to their industries. Businesses that make consumer product goods are concerned about regulations and reporting requirements, while public-sector organizations are worried about maintaining customer loyalty. Also, manufacturers are concerned about the commoditization of their products. A robust ERP package can help address these issues, as well.

Though some companies have already implemented an ERP there are still many who don’t have any of these systems. At the same time, it is also to be noted that many ERP implementations in the midmarket are quite mature and ripe for replacement.

Many midmarket companies must now also choose an ERP system on which to standardize after multiple systems were installed, perhaps through mergers, across the enterprise. Although it’s not necessary, midsize companies seem to prefer consolidating their business-management applications in one ERP package, at least in part to cut down on integration headaches.

Vendors are aggressively vying for customers, launching new ERP solutions designed to meet needs particular to the midmarket and pricing them to meet a midmarket company’s budget. To further entice midmarket customers, vendors are also developing vertical solutions that target certain industries, such as manufacturing, pharmaceuticals, fleet management and construction, with built-in functionality that cuts down on customization.

In an effort to simplify the notoriously difficult implementation process, vendors are also developing ERP systems that can be delivered in ways friendly to organizations with limited IT resources. Web-based ERP solution has become an ideal system for many of these mid-sized organizations as it is very cost-effective with easy implementation process.

There are some companies that may try to develop its own ERP system in-house. Since designing and implementing ERP systems is not the business of most companies, the systems developed by the team will never equal in quality, scope, functionality, or technology with those created by software firms. These software firms or ERP package vendors can produce sophisticated packages and provide their clients with products that allow them to maintain a focus on their own chief activities, thus improving revenues, profits and shareholder returns.

Thus, it always better to buy ERP packages ERP systems are getting better, bigger and have more features. Also, people who are specialized in developing such types of tools have developed them. Most of the tools would be customized to suit your needs. So unless and until your project or organization has a need that cannot be fulfilled by the available tools, it is better to buy the tools rather than make them.

Also Read – Live ERP Software Demo

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Benefits of ERP for Manufacturing industry

Benefits of ERP for Manufacturing industry

Initially, Enterprise Resource Planning (ERP) solution was developed for the big organizations. It has also involved huge investment which was out of reach of small and medium sized industries (SMEs). However considering the benefits the ERP solutions have, the smaller organizations also explored the way to implemented it.

This attitude has paved the way for many locally made ERP solution providers entering the market with very effective applications which have turned to be ideal for small and medium sized companies. As the local ERP vendors were targeting the SMEs, they also kept the price tag in mind, which ultimately resulted in existence of some effective and affordable ERP products in the market.

Manufacturing was one of the sectors that have benefited most from ERP solution. It was due to timely ERP implementation. Other sectors also followed suit. Today, all industry segments are taking advantage of ERP solution and it is becoming a necessity rather than a luxury to have ERP implemented in an organization for its successful business operation.

Also read – eresource xcel helps manufacturing industry on increased productivity

Before the evolution of ERP, manufacturing sector were running on manufacturing resource planning system. The manufacturing resource planning included all the sources in relation to the manufacturing such as material, human resource, equipment and finances. When the competitive strategy changed from low price and great variety to speed, ERP found the right place to give profit to this new strategy.

Contrary to the other applications, the ERP system connects to all the offices of a group of business throughout the entire world. ERP system allows the organizations to design products with the entrance of engineers all over the globe, installing factories in various areas to produce pieces and components for many countries, and the information of all the parties involved.

ERP offers solution that enables manufacturers to compete in the prevailing market atmosphere. It has the capacity of both finite and infinite planning capabilities which assist manufacturers to develop original schedule. ERP solution can also transform the supply chain to achieve production plan with sales plan, manufacturing, finance and customers.

ERP is changing the competitive landscape for SMB manufacturers. Small to midsize manufacturing companies can benefit from a fully integrated solution designed to reduce costs, improve customer service, increase margins and generate new revenue streams. Further, SMB manufacturers can improve business performance with a deeply functional, yet easily affordable, ERP solution. As the technology changed ERP solution also found its way to the web. Today web-enabled ERP solutions are the most effective solution available in the market.

What is to be cautious about the selection of an ERP system is, before you commit to any ERP system, you should first evaluate the system such as what your organization needs and wants to accomplish with its ERP strategy. The outcome of this evaluation will help you determine which applications and what kind of functionality your organization requires as well as go a long way toward easing the implementation.

Also Read – Essential manufacturing ERP modules to look for in the ERP system

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Live demo of ERP gives you a real picture

Benefits of Live demo of ERP Software Solution

The real picture of a proposed ERP product can become clear when the live demonstration of the product is given. The sincerity of the solution providers and efficiency of the product becomes evident in the live demonstration. The demo also makes it possible for both the parties to propose feasible modifications in the package. The credibility of the system can also be scrutinized here. Moreover, it acts as a cross check for the functionalities offered by the developers in the compliance of the product.

The top management and all the other people connected to an organization must realize that whatever be the reason for the changeover to an ERP system, i.e. technical or strategic, it is impossible to separate them, since they affect each other.

Also Read – Live ERP Software demo

Live demo of ERP is a better tool to understand the various integration/touch points and the participants could experience the different functionalities as well as they can also check for any shortcomings in the system which can be rectified as per their requirement.

It is usually better to get a brief about the product before seeing the demo, which can be obtained through the website of its developers. The time and method of the demo could be finalized by the demonstrator and let set their own sequence. Any doubts about the product can also be cleared in the demo stage. Demo scripts in the form of brochure or function details through the website are a better tool to present the demo as there is uniformity in the flow of the demo and the various integration/touch points among the different functionalities can be checked.

The workflow becomes clear during the demo, and users can have a feel of the proposed product at the demo itself. This will determine the acceptability of the product in the minds of the customer. The quality of the product also becomes clear at this stage.

Based upon the markings obtained in all the above-mentioned points, those products that cross the threshold mark get qualified to be evaluated. Before finalizing one more important point to be considered is the cost factor. Though all the products have its own price line, all developers may be willing to for a negotiation considering the competitive mindset existing in the market today. However, some developers of the product won’t alter the price tag, majority of them will agree to some climb down.

Once it has been agreed on technical and the terms and conditions in the financial front, a suitable product can be finally selected for the ERP implementation.

Also Read – What is the best ERP for the electronic manufacturing industry?

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Adopt global best business practices

Adopt global best business practices

Best practice is the process of finding and using ideas and strategies from other companies and industries to improve performance in any given area. Business has used best practice bench marking over the decades and realized billions in savings and revenues in all areas of business operations and sales.

‘As-Is’ best practice addresses or includes the present practice followed by the specific company which is planning to implement the changes required to keep itself in the league of other top companies in the industry. This is done in all functional areas like HR, Operations, Finance, and Maintenance. etc.

‘To be’ best business practices are generally the best practices which exist in the industry and have been refined over a period of time. Companies should aim at adopting their industry specific best practices for their future benefit. Preventive maintenance, activity-based costing etc. are considered as best practices.

‘To be’ best practice includes some of the practices which are already adopted globally and are taken as industry standards for swiftly operating businesses in a competitive global scenario.

Also Read – Significant changes in business after using cloud ERP software

Some of the best practices that can be adopted are as follows:

Information Liquidity

Much like cash liquidity, the liquidity of information is a measure of business success. In a successful company, data flows smoothly and information is transformed into economic value. Information liquidity is obtained by integration of processes and systems at all levels. Integration should be the driving force behind design, methodology, development and deployment of all IT systems.

Availability

As most companies become more and more dependent on IT, it is very important to ensure the maximum availability of the eservices. This does not mean that all IT systems have to be absolutely flawless and foolproof, but good through has to be given to what could be the consequences for the company if all or part of the IT services are temporarily unavailable, and what can be done to minimize these consequences.

Agility

Market changes constantly and so does legislation and technology. It is said that the product life cycles and their time to reach the market are getting shorter and shorter. As a consequence, IT systems have to be built for maximum agility. Cross-compatibility, reuse and lightweight functionality are the ideas to be considered.

Costs

Especially in times of economic slowdown, the costs of IT are under constant scrutiny. Unfortunately, it is very difficult to quantify the benefits of IT in terms of money and it is relatively meaningless to approach IT investments singularly from an accountant’s point of view. These costs also have to be related to non-quantifiable benefits for the company.

Also Read – How ERP software is beneficial for pipe manufacturing industry

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Evaluation of ERP software is the first step

Evaluation of ERP software

Lot of articles have been written about preparation, planning and implementation of ERP project. Which organization needs an enterprise resource planning solution (ERP) and at which stage is to be discussed.

Every organization which is planning to implement an ERP solution must perform an honest and thorough assessment of business needs and alternatives. This is an important factor of taking ownership in the ERP or any alternative solutions.

Though there are plenty of good reasons to implement ERP including many “no brainers”, in most organizations the decision is not so obvious and one must objectively evaluate the validity of the proposed business case and timing,

Therefore, businessmen must ask these questions before spending on ERP to bring some sanity to the decision-making process :

  •  Are the business and technical strategies that integrated in the new ERP system compatible with your business?
  • What is the real problem you have with your existing software or your business processes?
  •  Would an ERP project be one of the top two priorities within the organization given other internal and external projects, initiatives, or probable events?
  •  The claims of the new ERP system actually result in better decision-making or make lousy managers more effective?
  •  Does anyone understand the data or capabilities of the current software?
  •  Can the new ERP system bring result-oriented performance so that the existing application which seems to be working fine could be discarded?
  •  Is the current application software gives you a sleepless nights?
  •  Is the current software is too old to be customized and no not supported by any vendor?
  •  Can a few purchased (and integrated) “bolt-on” applications do the trick vs. buying an entirely new package?
  •  Should a limited pilot project to be deployed to check the efficiency of the software before going to the full fledged implementation of new ERP system?
  •  Are the proposed operational benefits and cost savings of new ERP system authentic?
  •  Should all the implementation and support cost in the ROI be considered?

It is advisable to hire independent business consultant to analyze the situation comprehensively. A need assessment is the first step which will be followed by the ERP readiness assessment, which are two different things. So think right and act right. No doubt, success will follow you.

Also Read – ERP Software for renewable energy

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Make your business process more efficient

Make your business process more efficient

Organizations must realize that after the implementation of an effective ERP system all of its process becomes more efficient. ERP system will help all the major decision making including retaining a client. However, the organization that plans to implement an ERP system must be well prepare to integrate the system effectively.

Organizations are advised to seek the help of an external consultant to find out how suitable is the organization when it comes to working with an ERP system. The external consultants are capable of evaluating and they identify the effective needs of the moment.

It is a good idea if the decision about an ERP project could be carried out by a team of professionals from both internal and external for a more adequate design. This is because the main aim is not just about purchasing software, but to order all the pieces to match with it. In most cases some internal processes need to be redesigned before implementing an ERP. In addition to this, software is often modified to fit the ERP according to the enterprise objectives and activities. The combination must be as perfect as possible.

Also Read – Top ERP Software solution for food industry

In spite of its benefits one of the most important factor to be remembered is that ERP is not a just another software application in your organization. The system involves every internal process and must be preceded by a reevaluation of every section together with its functions. It is also important to note that an ERP will not change the management functioning on its own. You must keep in mind that it is an important and decisive tool, but in order to obtain a correct development you will have to decide carefully who is going to command it, as well as the way in which the data will be saved and how information will flow.

Just implementing an ERP solution alone won’t help the organization make any success. Though the effectiveness of an ERP system could be measured by the improvement in the ROI, the goal of measurement is not to measure; rather, it is to improve performance and processes are the point at which this can be best accomplished.

A well-performed ERP system can be maintained till about 15-20 years. In the later stages the package will have old architecture. It will become very difficult to make changes in the program code without inflicting hazardous damage to the system’s stability. It is possible to give older systems a ‘facelift’ with modern tools. Though those ‘facelift’ can extend the life cycle of the package for some years, they will certainly speed up the appearance of the useless codes.

If your ERP system is under-performing, it is better to go for an overhaul of the system. There are numerous efficient ERP systems available in the market. Do the right evaluation as per your requirement and implement a suitable ERP system that could take your business success to new heights. As the saying goes – “It is better late than never”.

Also Read – The best ERP system for trading distribution business