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Managing your Stock with ERP software

Many organizations pile up the stock beforehand at their warehouses to avoid the shortage during any business process. Some of the small sized organization has these hidden inventory which is sometimes left untouched and ultimately adds up to the expense. This hidden stock makes it hard to firmly deal with the business. ERP system doesn’t ensure your stock is precise, however it makes it probable to set up forms that will give you an exact stock tally. Without ERP software, it is almost difficult to remain over stock.

The initial phase for revealing the unclear or obscure stock is to ensure that there is a smooth flow of supply chain network. If the stock is entering at right time and kept where they should be, there is no requirement for private reserves of materials.

As you take care of on stock, don’t be astonished in the event that you discover errors and issues in your store network. The act of keeping private stores regularly conceals wasteful aspects in your business forms.

Also Read – EPC Software

One of ERP’s role is to influence the smooth of supply chain, from getting to invoicing. It gives you chance to observe into the organization at all levels and gives you a chance to see exactly what you have and where.

A decent ERP software assembles trust. At the point when laborers know they can depend on the organization’s procedures to give them the materials they require, it ends up less demanding to wean them off-the-books stock. Obviously, it likewise influences the work to stream more easily.

Also Read – ERP Software in Chennai

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Right time to get an ERP software for your Company

Right time to get Best ERP software solution for your Company

The business becomes more disorganized when it starts to develop and the communication gap starts to become more complex. The business needs to be managed efficiently to decrease the business complications.

The best indicator for when you require an ERP software is to find out the flow of your business. When you realize that organization begins failing or you find you’re investing more energy in the printed material than you are in really into your business, you have to search an ERP system.

At the point when your organization starts falling out of customers, you’re prepared for an ERP software.

Another sign that you’re sufficient to implement ERP System is the point at which you find you’re making various spreadsheets to enable you to monitor things. This may work genuinely well for a little organization, but it rapidly progresses as the business increases and more individuals need to comprehend what is going on.

Some organizations have rigid thinking about ERP such as ERP is expensive, or its implementation is time consuming, etc. Actual ERP can be straightforward, quick and economical for a little organization. ERP software solution is so flexible and standard. You can just introduce the modules you require, decreasing cost and complexity.

Obviously to get the full advantages of ERP you will need to do some examination on what’s accessible. This begins with scrutinizing number of ERP system from ERP vendors and choose the best one. You will have to consume little of your energy to adapt the system and arrive at best decision. Cost shouldn’t be the main thought in picking a small ERP framework.

A cloud-based SaaS (Software as a Service) system lessens the principal cost and gives innate support and maintenance.

Take as much time as is needed in picking a little ERP framework to ensure you get one that can maintain your business and will be anything but not difficult to utilize.

Also Read – ERP for Plastic industry

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ERP for an Efficient Enterprise

ERP for an Efficient Enterprise:

Enterprise Resource Planning (ERP) Software for making your business more profitable.

Every organization thinks that working ideally is a crucial part of any business to achieve their goals. It also focuses on effectiveness and efficiency in a business as it is an important factor. ERP arrangements have been empowering organizations to perform better and achieve their objectives for a long time.

Better Performance

The factors that affect the way business is conducted are proper planning, a dedicated leader, employees who are willing to work and a extensive IT framework, i.e ERP. If the above factors are considered and fulfilled properly, you can efficiently track the improvement of various departments and people who work in those divisions. The system will recognize any key regions that workers need to enhance in, empowering you to offer proper training to employees, along with expanding proficiency in all business regions.

Control on Accounting

ERP software can offer a broad perspective of how a organization is getting along from expenditure, revenue and profit point of view. This, combined with business analytic, can be amazingly valuable, as it gives administration more understanding into the organization’s accounts, empowering them to enhance monetary control.

Cost-Effectiveness

Organizations in all cases are searching for approaches to spare cash while as yet keeping similar principles. ERP solution help decrease the working expenses by following and ordering stock, decreasing managerial mistakes, encouraging the employees by bridging the communication gaps amongst departments and streamlining business information, which allows simple access to ongoing business. As this system will deal with numerous business forms, there will be no need of costly system to be set.

Adhering to business requirements

ERP system follow every essential parts of business activities, so that you and your workforce can get on with doing what you exceed at for running your business. ERP becoming more relevant in the business field as management attempt to remain in front of their rivals. This multifaceted ERP software can help firms to perform better and keep up or enhance their notoriety on both a domestically and globally.

Also Read – ERP for trading industry

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How to get more Return On Investment (ROI) from ERP

A brand new ERP framework can help diminish working expenses by automating manual procedures, expanding efficiency, and giving standard appearance that already must have been acquired independently. The ROI in ERP endeavors to figure both the investment funds and also the expanded gaining potential the new ERP framework will give the organization.

In spite of the fact that numerous associations invest tremendous energy and cash exploring, breaking down and regulating an Enterprise Resource Planning (ERP) purchase, they scarcely invest moment to investigate whether the application performs acceptably and gives the required yield.

Measuring the advantages you get on your new ERP framework incorporates decrease in cost, enhanced openings, and even enhanced employee and consumer loyalty.

Methods to reach for a better ROI

1. Try to visualize something elevated, such as delivering better business process by implementing equivalent ERP which will take your business one step ahead.

2. You need to recall that you will never accomplish your normal business objectives and ROI in if you don’t live through your ERP. Setting reasonable desires is the initial move toward a ROI-driven and effective ERP implementation.

3. Effective ERP implementer knows where the end goal is. But due to inadequate time period, low budget allocation, and untrained resources , organization often end up quitting their goal at early stage.

4. Emphasize on a long term agreement between your business and ERP framework.

While achievement and benefits are not fully assured, this will ensure that you are one out of couple of organization that accomplishes something other than just executing the ERP software solution. You will be one that really convey on-time services to customers, while understanding the business advantages and ROI that you’ve been expected from the start.

Also Read – ERP for Plastic manufacturing

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Errors to Avoid Before Starting ERP

Slip-ups toward the start of an enterprise are famously hard to settle. This is particularly valid for complex procedures like executing an ERP framework. Mistakes toward the start of the usage can fate the enterprise regardless of how well it is executed. Tragically such early mix-ups are very regular in ERP executions with frequently heartbreaking outcomes for the venture.

Following can be the errors seen while setting-up ERP :

Not selecting the right team

By its inclination, an ERP execution is a collaboration. It’s essential to gather a solid gathering to take a shot at usage. Pick your group precisely, both for their specialized aptitudes and the capacity to cooperate easily.

Not Picking the Right ERP specialist

While you can complete an ERP venture without getting a specialist, it isn’t a smart thought to attempt. You will require somebody with involvement in ERP usage to help control you and to get you over the harsh spots. Since an advisor is vital to the procedure. It’s essential to invest time and pick the correct one. For this, assess potential competitors precisely, both for their involvement with ERP and for their fit with your group.

Not Budgeting Enough Time and Resources

An ERP execution is a time and resource process. It’s critical you spend enough of both to give the procedure a chance to succeed. You can hold back on the financial plan, yet the hard truth is that the ERP usage will take as long and cost as much as it does no make a difference what your financial plan says. Belittling both just prompts going over spending plan and beyond schedule.

Not Getting Support from the Top Management

Last but not the least, it’s important that you have top management, proceeding with help for your venture from the start itself. Absence of continuous help will fate an ERP venture. Some portion of the activity of the group chief is to ensure that help is there through the whole ERP exertion.

Also Read – ERP for trading industry

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ERP software is not a magic wand

The purpose of ERP Applications are to support the business processes that support the company’s strategic opportunities. There are some basic tenets of ERP that should guide management’s actions and decisions. There is no magic in ERP software system. ERP’s benefits are a direct result of effective preparation and implementation, and appropriate use. This seems obvious, but most of the organizations don’t get it right the first time around. Expecting a quick fix, silver-bullet solution is a dangerous mindset.

Another matter is no amount of advanced information technology can offset the problem of a flawed business strategy and poorly performing business processes. This area, in particular, is something that ERP software implementer may not fully address because it can slow system deployment.

The companies must define a business strategy that will give them a competitive advantage or, at the very least, make them competitively equal. Then, analyze your current business processes and develop objectives. Once this step is done, the following steps for preparation, ERP software selection and implementation can support the strategic and process objectives better.

Acquire flexible ERP information technology that can accommodate rapidly changing business conditions. The high-velocity flow of information needed to support action up and down the supply chain is a major step forward for most manufacturers. It will be mandatory in the future just to compete, much less stay ahead of, the competition.

You must have the implementation led by a senior executive who has the authority to make changes happen and happen quickly. Make sure there is a sense of urgency and true accountability for completing preparation and implementation activities on time. Moving away from functional silos and creating effective cross-functional processes that are truly integrated via an ERP system is not an easy task. When ERP is not fully integrated into day-to-day business operations, however, it is not likely to be very beneficial.

If enterprise integration or more advanced supply chain management strategies are to have any chance of complete success it will be due, to a large extent, to the removal of traditional cross-functional barriers. These silos comprise the organizational boundaries where information flow and often cooperation, stop. You must ask, “How will we use the ERP system?” Some not-so-obvious issues will surface as you try to answer that question.

For example, will you combine demand-based flow and lean manufacturing techniques, which will negate the need for some traditional ERP functionality? Focus on your business strategy and not just software selection and implementation. Many problems are reinforced by contradictory objectives and performance measures that actually create inconsistent value and belief systems, to the company’s detriment. No amount of information technology will correct these problems. Management must aggressively remove them once and for all through business process redesign.

Also Read – ERP for packaging industry

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Workshop on ERP to guide how to run a successful Business

Workshop on ERP to guide how to run a successful Business

We have, time and again emphasized the importance of having ERP system to run businesses in successful way in today’s competitive economic market. As there are number of big and small vendors in the Indian ERP market, selection of a proper system that suits your business needs are very important. To place the matter straight forward, what the decision makers must understand is having an ERP system just can’t help your business process. What is important is which system you have implemented.

A rightfully conducted ERP workshop could provide you the guidelines of what your requirements and expectations should be, including hands-on experience with the most successful ERP software in India available today.

ERP workshop can also empower CEOs, COOs, CFOs, accountants, controllers, business owners and key decision-makers with ERP technology concepts.

CRM or Customer Relationship Management, the backbone of any business has been integrated as an important module in the ERP system. Sales and marketing teams from companies can benefit from attending the workshop that will help them gain knowledge in marketing plans. The knowledge gained through from workshop can put into practice by the sales or marketing team with the approach to the customers that could help improve your revenue and market share growth and minimize expenses – all of which leads to higher profitability. The workshop will also debate on all areas of an ERP system, its advantages and disadvantages.

When it comes to benefits of ERP there are many arenas which are unknown to many. ERP expects boundary-less flat organization structure where every employee is a decision maker and not a mere follower. Secondly, the decision-making must be scientific than based on ‘gut feel’. Thirdly, ERP assumes that the user has an in-depth knowledge of the process he is associated with. He has to work in a team as a key resource element. The objective of the user is to pass maximum value to the customer than to create his own convenience. The user must be analytical in his thinking and be able to use information generated through data iterations for more effective and informed decisions.

ERP system will work successfully if the users are training to handle the system to the optimum usage. Proper training makes the users fully equipped with handling of the system independently and this will contribute the success of all the business operations.

The solution provider must pay attention while providing training to the user in the right manner. To become a good user, one has to get trained and trained well, and later self trained. But what is the disappointing factor is most of the ERP training in India is more of software training rather than going deeply into the functionality and technicality of the ERP system. Normally the user is shown various screens of the ERP system and taught how to enter what he was doing previously.

The trainer must explain to the user why he should enter there, what are the repercussions of his entries in other modules, how to use the best out of multiple settings, why a particular setting is made like that, etc. In fact, the reality that every entry is the financial entry and ultimately gets posted into General Ledger and posted in turn into Profit & Loss Account or Balance Sheet is never realized by the user during training or even after implementation. This feel of responsibility is extremely essential for the user to become a mature ERP user.

To enhance the interest of users Indian ERP companies must make a point of user training, focusing on ERP functionalities and not merely on tools for ERP. Ideally, the training session should be designed to cater to individual needs and hence carefully planned. ERP workshop will have a separate session to discuss and elaborate the training method of ERP extensively.

Also Read – Construction erp in uae

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eresource penetrates Indian ERP market

Indian ERP Market

eresource ERP helping many small and medium business enterprises in India gain maximum benefits from its ERP implementation and also edge over their competitors by successfully integrating its key business operations.

eresource ERP system links the sales, purchase, manufacturing, order, inventory, supply chain and warehouse management modules in an enterprise for fast and accurate information access to every single person. This is because every single operation and action taken at any place by any person depends on consistent and updated information. Whatever a person required can be immediately accessed by him provided he has the legitimate access to the system.

ERP Modules at a glance

The integration of the business processes improves coordination between bodies, streamlines workflows and processes and benefits them in terms of retaining and satisfying customers by delivering their orders ‘on dot’. eresource ERP also helps keeping the customer informed about their orders’ current status rather than keeping them waiting for information. eresource ERP makes an organization more time-sensitive.

The manufacturing enterprises can also benefit of better marketing opportunities through eresource ERP.  It also penetrates section-wise to addresses solutions to many shortcomings existing in an organization.

eresource ERP also further enhance the decision making by highlighting future projections about sales during a certain period of a certain product. It helps the management take appropriate decision on the production plan and also helps the executives to introduce new value added features to the existing product. This way the product quality could be checked on time which will enhance the sales process.

Listing of benefits from eresource ERP also includes reduced inventory costs by better planning and forecasting of requirements. Ultimately eresource ERP system helps getting higher return on investments (ROI) quickly.

Finally, there are no two opinions that ERP system has a great importance and it has become the need of the hour for the survival of organizations especially in the manufacturing sector. Irrespective of their strength, whether they are the big players in the field or the SMEs, their success will depend on the way they are dealing with the current business process environment. With this note we would like to remind them that an ERP system is part and parcel of that successful formula.

eresource ERP for Manufacturing industry consists of following modules.

Sales and Distribution Management

This Module comprises of Contact Management and Sales Order Processing Management. It is an integrated solution comprising of marketing and sales activities. Organization can act immediately to improve sales, service and marketing effectiveness by using this Module. eresource Sales Management module is all about retaining customers, improving customer loyalty and gaining customer insight

Purchase Management Module

Purchase Management module in eresource ERP streamlines procurement of required raw materials, packaging material, sub assembly and other non-inventory materials. It automates the processes of identifying potential suppliers, Supplier Evaluation, Supplier Quote Evaluation, awarding purchase order to the supplier, and billing processes. Purchase module is tightly integrated with the inventory control and production planning modules.

Manufacturing, Planning and Control

Manufacturing, Planning and Control Module in eresource ERP optimizes the utilization of manufacturing capacity, parts, components and material resources using historical production data and sales forecasting.

Total Quality Management Module

eresource ERP Quality Control Module not only monitors quality by control plans in purchasing and manufacturing but also provides real-time process capability index for quick review. Quality Control in eresource facilities are versatile and offer support for every phase of your operations, from receipt and acceptance of raw materials, through production of intermediates, to inspections of finished goods before shipment to customers.

Inventory and Material Management

Inventory Management Module in eresource ERP provides a powerful and flexible set of features to help you manage and report your inventory information. eresource Inventory Management facilitates processes of maintaining the appropriate level of stock in a warehouse. The activities of inventory control involves in identifying inventory requirements, setting targets, providing replenishment techniques and options, monitoring item usages, reconciling the inventory balances, and reporting inventory status.

Plant and Machine Maintenance

The time has changed, machine breakdown and idle repair is no more accepted practice. The plant maintenance module in eresource ERP provides an integrated solution for supporting the operational efficiency. The plant maintenance module covers all equipment / machines of the plant.

Excise Management

The Excise module in eresource ERP will enable the organization to ensure Excise compliance to manage all transactions of Sales, Purchase, Production, Warehouse Transfer etc., This module will help the organization fulfill its statutory requirements according to latest government regulations.

Human Resource Management

Human Resource module in eresource ERP streamlines the management of human resources and human capitals. It comprises of four broad sections, mainly Training, Recruitment, Payroll and Attendance. HR module in eresource routinely maintains a complete employee database including contact information, salary details, attendance, performance evaluation and promotion of all employees.

Finance Resource Management

Finance Resource Management in eresource ERP gathers financial data from various functional departments and generates valuable financial reports such as Balance Sheet, Trial balance, General Ledgers, Quarterly Financial Reports, Account Statements, Gross Profit Analysis, Cost Center wise Analysis, Branch wise Profit Analysis, profitability report, Asset and Depreciation Management, Tax Management, ABC Analysis and many more.

Also read – erp for trading company

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Demand grows for ERP solution

Demand grows for ERP there is no doubt that the Enterprise Resource Planning (ERP) systems are in great demand today. Industry analysts are forecasting growth rates of more than 30% for at least the next five years. According to a study conducted on ERP solution, corporate growth has been indicated as the most compelling driver for adoption of ERP amongst senior management respondents.

Improved customer service, efficient distribution system, and reduced operation expenses are some of the other important business imperatives that are driving top management to implement ERP solutions. Majority of CEOs/Senior managers share the same view that ERP is an important tool to achieve competitive advantage.

Following are some of the major factors of ERP popularity.

  • ERP enables improved business performance through cycle time reduction. Cycle time is the time available at each station for the performance of the work allocated or the time elapsing between completed units coming of an assembly line. It also helps in increased business agility, inventory reduction and order fulfillment improvement.
  • ERP supports business growth requirements through new products/product lines, new customers, global requirements including multiple languages and currencies.
  • ERP provides flexible, integrated, real-time decision support in improving responsiveness across the organization.
  • ERP eliminates the limitations of the legacy system such as fragmentation of data and process, inflexibility to change and insupportable technologies.
  • ERP takes advantage of the untapped mid-market (medium size organizations) through increased functionality at a reasonable cost.

These are some of the reasons for the explosive growth rate of the ERP market. As more and more companies are entering into the market, the ERP solutions providers are facing a competitive market which brings out the best in them.

Initially the huge cost involved in the implementation of ERP solution has kept many medium scale industries away from it. However, with the introduction of affordable ERP solutions like eresource ERP, which is basically intended to serve the small and big players in the field alike, is bringing good benefit for Indian SMEs. This also contributed to the growth of ERP demand in the Indian market.

Also Read – ERP system for Construction Industry

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HR module in eresource ERP can accelerate business growth

ERP HR Software can accelerate business growth.

When an organization deploys ERP solution expectations are bound to run high as all the manual processes are automated, production scheduling is more efficiently managed and inventory is more accurately assessed.

We have time and again emphasized the objectives of eresource ERP. Our prime objective is to give the Midmarket organizations an effective ERP solution which after implementation can measure the business performance more holistic fashion than ever before. Our system gives executives real-time visibility into all business processes, enabling them to make better strategic decisions. In short, with eresource ERP system, a midmarket company can compete more aggressively in global markets.

Implementation of eresource ERP can reduce costs in three primary categories such as inventory costs, manufacturing operating costs and administrative costs. Our system has its fingers in all aspects of running a business; its benefits are myriad and go beyond tangible cost reductions. It can improve an organization’s customer service and response time when solving issues. It can solve issues of interoperability among multiple manufacturing locations. It can standardize and accelerate manufacturing processes in all of a company’s manufacturing sites. It can streamline a manufacturer’s order-fulfillment processes. It can facilitate connecting with partners’ and suppliers’ enterprise systems.

The biggest advantage of eresource ERP is that it is fully web-enabled ERP solution. eresource allows software capabilities to be easily connected and reused, making it quicker and cheaper to assemble, deploy and sustain enterprise-grade technology. With eresource, organizations can more quickly adapt to changing business processes. Several midmarket enterprises have already implemented eresource ERP started enjoying the benefits out of it.

The latest and greatest thing to hit midmarket ERP is on-demand delivery of ERP applications. eresource ERP also offer on-demand in addition to filtered ERP options. Filtered ERP or subscription-based pricing of eresource ERP solution will be particularly appealing to midmarket organizations with minimal IT budgets and on-site resources. They can also help organizations react more quickly and with less disruption to structural changes within the company and changes 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 – ERP Software Company in India