Business Growth with Fewer Employees ERP systems became popular with the large and complex companies sought to standardize their business processes and operations across the globe by implementing the system. Until recently, it was only the larger companies that had the resources required to implement such large-scale technologies. With the introduction of web-based eresource ERP system, ERP technology has become effective solution for small-to-midsized companies as well. It is widely accepted now that the cloud computing is beginning to deliver tangible benefits to organizations. These developments include increased flexibility and agility to business process. Though moving to the cloud computing can bring little more expenses to companies, the benefits these systems could be bring is incomparable, according to IT executives whose organizations have implemented cloud services. Though in the beginning ERP system has brought interest only to technical managers, later it has been realized that the functioning of an effective ERP system affects business managers of all sorts. ERP is more than just computer software; it’s also a way of transforming and optimizing an entire business. This is why it is necessary to involve business owners and managers in the purchase decision and the implementation of an ERP system. Success of an ERP also holds importance of involvement of managers in purchase and implementation of the ERP system. In addition, companies should define their future business processes to help select the appropriate ERP software. As the time changing and technology is fasting moving business application also improved a lot as per the requirement of the situation. From traditional legacy system today we are on the way to much advanced cloud computing system like eresource ERP. It’s important to focus on organizational change management and training activities to ensure that employees understand changes to their jobs resulting from the new software. Showing your back to the latest development in the business world can only push you and your business activities to the corner. What is to be remembered is if you are so cautious in your approach your outing from the field will be imminent that too before you really realizing it. Web-based eresource ERP implementation can bring changes to the entire operations of your businesses The system now has better visibility of operating data, including order status and financial results. In addition, being a web-based ERP system it can be accessed by company executives and employees worldwide who have Internet access to real-time operating data and can enforce tighter business controls. Finally, with eresource ERP, improved efficiency will allow the company to more business growth with fewer employees than projected. Also Read – ERP for Construction Industry
The flexible, affordable and fully scalable, eresource ERP solution for SMEs is the ideal solution for newly emerging and smaller companies, as well as for growth-oriented SME requiring multi-site and multi-currency capabilities. It is especially well suited to improving the manufacturing processes of engineer-to-order, make-to-order and high-volume make- to-stock manufacturers in the automotive, electronics, capital equipment, and discrete products industries. Built on excellence eresource’s cost-effective, web-based ERP solution, combined with eresource’s flexible and affordable pricing structures, provides SME with a technology solution having all of the functionality and benefits of a “big company” ERP system – but with minimal investment and risk. The eresource ERP for SMEs solution is built on the rich technology heritage and deep industry expertise of eresource Infotech Pvt. Ltd. and has a history of success in the manufacturing sector, providing comprehensive solutions that are used by the world’s leading manufacturing companies. Implementation is fast and easy, without the need for expensive hardware and high fees for licensing, implementation, upgrades and maintenance. This also helps avoid additional financial burden for SME sector. Once implemented, the result is maximum value with minimal investment and low risk. Eresource ERP offers a powerful ERP Software for manufacturers and a high value proposition for SME who would rather expand resources on building a successful business. The modules include: Product Management Costing Engineering Engineering Change Estimating Manufacturing Work Orders Inventory Master Production Scheduling (MPS) Materials Requirements Planning Physical Inventory Repetitive Manufacturing Financial/Accounting Accounts Payable (AP) Accounts Receivable (AR) Billing Financial Integration Management (FIM) General Ledger Customer Management Bid Process Management (BPM) Contract Management Sales Orders Sales Quotes Supplier Management Supplier Quotes Purchase Orders Project Management Project Accounting Project Definition Project Resource Planning (PRP) eresource ERP is an integrated solution that brings together a wide variety of business functions. Below is the functional description. Financial -general ledger, accounts receivable, accounts payable, asset management, cost tracking and accounting, cash management, budgeting, invoicing, and time and attendance Sales – pricing, margins, quotations, contracts, and schedules Procurement – pricing, requisitions, quotations, contracts, schedules, and vendor rating Planning – item planning, resource planning, demand planning, order planning, and plan analysis Project – project definition, project estimating, project budgeting, project planning, project progress, project monitoring, and project invoicing Manufacturing – bill of materials, routing, cost price calculations, manufacturing processes, shop floor control, project control, manufacturing control, tooling requirements, configuration control, and product classification Quality Management – inspection plans and execution, calibration plans and execution Warehousing – inventory planning and handling, inventory analysis Freight Management -freight order control, route planning, loading, rates and invoicing Service Management– contract management, configuration management, subcontract management, call management, planning, service order management, scheduling, and depot repair Also Read – Best ERP Software for Manufacturing in India
Which is the perfect ERP system for you? This must be first question asked yourself before you select an ERP system for your business flexibility. From conventional ERP to Web-based system and Cloud ERP as there are many variant available in the ERP market, selecting the right ERP for you is very important. Selection of right ERP system for business flexibility depends on a number of criteria. This includes functionality of potential ERP systems relative to your business requirements, cost-factor and your organization’s need. It is also important to consider whether you would like to go for a short-term vs. longer-term costs. Ultimately this decision could be further narrowed down to two main variables: complexity and control. Large companies with huge number of employees need to control their IT infrastructures because they view business technology as a competitive advantage. These companies are more likely to find that traditional on-premise ERP systems to meet their business needs. With their larger background these types of systems can provide the flexibility and control that these organizations are demanding. On the other hand, most of the small and mid-sized companies consider the ERP function as a tool to excel in their day-to-day business process. They don’t mind outsourcing by getting the facility from outside their compound wall. For these types of companies, Software as a Service or the Cloud ERP solutions often makes more sense. Global presence of each company also varies depending on their strength and operations also their supply chain sophistication, diversified products, and customer interfaces that provide competitive advantages over their competitors. Companies with higher levels of complexity and sophistication can consider either on premise or hosted off-site (in the cloud). It is also a fact that almost every mid-market ERP suite shares several common modules, the differences among solutions tend to be quite granular within these modules. Also, even if different packages offer the same feature – say, sales-order management – it might not be bundled in the same module; some vendors include sales-order management in their CRM suites while others package it in their SCM suites. What is the taken in to account when evaluating an effective ERP system is that key to an ERP package is tight integration between modules, so that all of the core business modules are related. As every company is different and has different business needs, so it is important to understand which types of ERP systems will work best in your situation. For more information and comprehensive evaluation of each variant, please write to us or call us today. Also Read – ERP for Manufacturing Company
eresource ERP software is an easy to install system that streamlines manufacturing industry processes through automated planning, scheduling and fulfillment. The system also yields new data intelligence that quickens decision making and reduces administration costs. The industry-specific workload-optimized ERP system developed by eresource help companies save huge amount in the manufacturing, distribution and services sectors. Manufacturing is a process and each step can dramatically affect profitability. Gaining more visibility into processes and optimizing each step efficiently is crucial for any company wanting to compete globally. By offering an effective ERP system that is already tuned to the specific tasks of manufacturers, eresource simplifies the IT environment to make every business process transparent and more effective. The recently launched eresource Cloud ERP for Manufacturing Industry includes all the regular modules along with complete customer support, implementation and migration services and other service options. With this introduction now customers can choose our regular ERP system or Cloud ERP version or the SaaS (Software-as-a-Service) model as per the requirement and budget. eresource continues to demonstrate its commitment to all its customers and willing to serve them with any required enhancement for the existing eresource ERP solution to bring greater efficiency and improved performance. eresource is always ready to deliver integrated solution to help manufacturers achieve greater profitability and improved business decision. A normal scenario in the ERP market is that many companies that are planning to implement an ERP system is not guided properly. Not knowing which ERP system to choose, they end up selecting the wrong one which not only turns out be useless but also lot of money going into the doldrums. eresource helps its customers with a thorough evaluation and selection process to identify the ERP modules that would best enable their future business requirements and corporate growth objectives. Eresource gather primary data to measure our whole system in general and modules in particular against your unique business and technical needs. We also identify the total cost of ownership to identify the right price for our customers. The result helps our customers to make a clear capital budgeting decision. Also Read – Best ERP Software for Manufacturing in India
Companies opt for eresource SaaS model to cut cost and drive more profits eresource ERP SaaS model is getting wide acceptance among its customers and demand for this solution is growing day by day. It proves that this version of ERP model is achieving desired result with hardly any investment. Demand for eresource ERP SaaS model has been increased in the ERP market as organizations are finding ways to cut cost and drive more profits to the bottom line. The prime reason for eresource ERP software-as-a-service (SaaS) solution is its low capital requirements to get started, its rapid speed of integration and deployment, and the low IT resources required. These three factors are a triple win for companies and their ROI hurdles. As per the data available it is difficult to say only the small and medium sized organizations opt for SaaS model ERP version of eresource. There are many big organizations also opting for this version as everyone strives to get more revenues and save money. Apart from the technical benefits that eresource ERP SaaS software provides, its pay as you use method is also one of the reasons companies go for this mode, experts believe. The demand and popularity of eresource SaaS model ERP system is driving most of the traditional on premise ERP users to change over to this model. They feel to compete with the ever growing business competitors they must be rightly armed with an effective ERP system that will cheap as well as powerful. As organizations become more convenient with eresource SaaS ERP system, further addition can be made in the system with latest development in the global market. eresource SaaS ERP solution is developed anticipating future changes in the market. As the system is a scalable, additional, deletion and modification can be done as per the future requirement. If the current trend persists in the ERP market, the experts believe, one third of all business software, not just enterprise software, will be a SaaS model application. Even though there are other SaaS models ERP applications available in the market today, eresource SaaS model provides an unique solution that cannot be matched. Contrary to the general feeling that that SaaS model will be integrated with limited modules, eresource ERP SaaS model is a comprehensive ERP package with almost every functions of a business process could be managed without any hindrance. With the launching of eresource ERP SaaS scenario has changed in the ERP market. The system is becoming a popular choice among the SMEs in India. eresource SaaS ERP solution is completely a modular-based system. With eresource SaaS solution, companies will able to work on a highly efficient ERP system, without the huge investment. eresource SaaS solution gives lot of advantages. No extra hardware requirement, no maintenance hassles, no investment and no need of an IT team to run the system. Over and above, this model allows the companies to choose the only modules they required with per user payment option. Also Read – ERP for Construction Industry
It is true that companies are feeling the pressure to continue their technology expansion plans despite the tight economic conditions witnessed all over the world. The option before them is to find better ways to carry out with business process operations much successful way. In the technology front it is undisputable belief that companies have to have an ERP system to run the business process in the right manner. When the traditional ERP system brings an additional burden to the companies that are already reeling under the economic crunch, SaaS model eresource ERP solutions are really a big relief. Getting an ERP system varies from companies to companies. When the big companies can afford and needs an ERP system which will be extensively support their all their operations and linked with their branches and departments, small companies must look the system in different angle. The questions about why they must purchase an entire system and spend thousands of rupees on a system which they may not even utilized. In that case it is going to a clear case of waste of money. This is where the importance of eresource SaaS model comes to picture. eresource ERP SaaS model solution helps to reduce the large-up front expenses associated with software purchases by offering less costly monthly pricing and reducing the investment on server hardware. Also eresource give companies to an option purchase the modules as per their fund availability and later they can go on extending the system by adding more modules as the requirement demand and as the funds become available. Though there are other versions of SaaS model ERP system in the market, it’s important to check if you can use the system for your purpose or you need to customize it as per your business process. You need to assemble a Request For Information about the system you are looking for. This document should outline exactly what you want the software to accomplish. eresource Saas ERP model can certainly be as flexible as you need to be, complete with the customization your system needs. eresource’s SaaS model is served apart from its main ERP system which provides a browser based platform that also has an agile capability of framework built into it. eresource is the leading Web-based ERP software in India. eresource Web-based ERP model with its SAAS version can provide your business with more stability, reliability and flexibility. Also Read – ERP Software for Manufacturing Industry
eresource ERP for Process Industry has been developed with all the various process industries like Pharma, Chemical, Food & Beverages in mind. An effective Customer Relationship Management (CRM) module I Integrated with the system will change the way food companies interact with their customers and consumers alike. eresource ERP for process industry provides customers the option of using the CRM to address Sales Force Automation, Opportunity Management, and Marketing Campaign requirements. This web-based ERP system can be used for tying together the workflow and communication requirements with its online interaction. As the CRM module plays an important role in the process industry ERP which allows allow your sales force to have up to the minute information on the sales history with their customers. With eresource ERP for Process Manufacturing Industry, companies can track the lot numbers of products associated to the complaint and lookup details of that lot from within the ERP system right down to the production order, or receipt of raw materials associated to that finished good. In the food processing industry, the food safety standards are becoming increasingly stringent. Although all the government legislation has long been implemented, your customers may be expecting even higher standard of food safety. eresource ERP for process industry helps you maintain the quality standard expected by your customers. Another important factor is, as far as food industry is concerned the process of forecasting is quite complex as the same depends on season, market segment and demand etc. Therefore there is a strong requirement of a sophisticated forecasting system in the ERP system, which will be able to perform demand planning with the help of numerous statistical inputs. Companies can highly depend on eresource ERP for its performance on forecasting segment. In the food industry, the delivery side are normally characterized by an extensive distribution system such as having many depots, dealers etc. eresource ERP can influence the management of stock at these stock points by minimizing stock outs and reducing the overall inventory levels. Sometimes, the stocks in the distribution network are a cause of considerable worry for the companies. Managing the inbound and outbound logistics becomes a key challenge and these challenges can be faced successfully with eresource ERP implemented. It is normal that the completion of new product development projects may take years in the process industry. However, the effectiveness of ERP solution like eresource could help in concurrent engineering and efficient project management. It will not only help to crash the development time but will also closely monitor such initiatives. eresource ERP is equipped with suitable modules to meet all the challenges faced by food industry sector. eresource ERP meets its customers’ requirement by providing cost-effective solutions without any compromise on quality, performance and functionality. Also Read – ERP for Manufacturing Company
Agility is the watchword As a comprehensive, flexible and industry-specific ERP system provider, eresource, satisfies all its clients’ need for quick access to reliable, one-source information for continued business growth. eresource, a leader in web-based ERP solution for many industrial verticals has recently launched its ERP SaaS model focusing the small and medium sized companies in India and abroad. Web-based eresource ERP system made business process easy for companies. The legacy system they were depend on their day to day work process getting outdated as the demanded regular customization and even after the customization the system lacked integrated functionality. The data available to support critical business decisions also lacked quality and as a result every sections were forced to develop their own database on spreadsheets and workarounds. Additionally, companies having different ERP system deployed in their other location further contributed to the islands of information and multiple data entry points. Companies also realized that application support and customization was not adequate enough for an efficient business process and many companies after implementing eresource ERP started feeling the impact with streamlined and effective working method of the system. It makes extremely happy when we hear about the success stories of our customers that are experiencing with the implementation of our system in their companies. It makes us more proud when we hear that our customers are recommending eresource ERP to new clients, which is highly unusual in today’s competitive business world. Success of eresource ERP starts from the time of its implementation. As you know the catch word of ERP implementation is speed. It was our New Year resolution that all our future implementation will be completed just in 90 days. However, we ourselves surprised that our first implementation of the New Year has been completed in a record-breaking 40-day time span. The mission was started when the company, the Byteware Technologies in Dubai has planned to implement an effective ERP system sometime in February 2011. Though the company has evaluated many ERP products, they could not find a suitable one that will match with their requirement. It was during the month of October 2011 that the company happened to established the rapport with us, eresource Infotech, and demanded a quick go and implementation process. The order was finally placed by the company in the month of November 2011 and wanted to see the project go live by January 2012. The project covered end to end business functions, i.e. from Sales, Procurement, Material Management, Distribution, Warehouse Management, Project Sales and Finance. Yes, of course, the project went live on January 8, 2012, as demanded by the company. It was really a record-breaking achievement. It is normal to encounter with some technical setbacks at the implementation time. But we have surprised this time there were hardly anything that took much time to resolve. The credit must be given where it is due. Hats off to our implementation team for completing the mission in a very successful way. All our current and future implementations are focusing on the same line of working method and we can promise all our clients that we deliver what you demand that too on time. Also Read – Automotive ERP
Agility is the watchword There is only a simple answer to the question raised by organizations ‘why they must implement eresource ERP?‘ The answer is – to simply complex process. As you may be aware that as far as a business establishment is concerned process capital can positively affect customer capital and customer capital ultimately affects business performance. Companies implementing eresource ERP can build process capital to meet the challenges of the competitive market environment. Impact of eresource ERP can be visible in the business process and operational methods right from the implementation stage. eresource ERP can have an effective influence on the business process in short span of period. We have ample proof to prove our claim that eresource ERP can bring a significant impact right from the time its implementation in the organization. India’s leading web-based ERP Soluion eresource can be an eye-opener for any organization because they get to realize the benefits and operational methods involved in modifying the business process. What is to be remembered before an ERP implementation is that organizations must be fully prepared before going for an ERP implementation to get the desired result. The role of managers and other decision makers in the organization plays an important role for the success of any ERP system from the implementation stage. eresource ERP enables interactions and healthy relationships among departments in organizations which would have otherwise remained isolated. The problems of co-ordinations faced by each department are solved with implementation of effective ERP system like eresource. Organizations that have decided to implement eresource ERP can expect an extremely close assistance from a team of expert who will able to identify the flaws and guide the organization in devising better procedures. It helps organizations to adapt and adjust to change right from the implementation process. eresource ERP has directly and indirectly helps to redefine functions in an organization. Anything that people wanted to know about the company and its operations will be available by a click of the mouse. There was no more relying on the department of internal communications even for single information. Outsiders don’t have the hassle of obtaining permission and following stringent procedures to access information. eresource ERP also helps the employees of organization in big way with their routine work procedures. The system provides more freedom, authority and responsibility to the individual employees which were mutually beneficial to the management. Every user/employee became more aware of their function while eresource ERP has given the confidence to execute it individually and successfully This way of working style results in transparency and accountability. The work of employees becomes more easy and independent and they also able to keep track of work happening in other department or section related to their work procedure. This total transparent and reliable and flexible method of working mode boost the confidence and royalty of the employees that ultimately brings the goodwill to the organization. Also Read – ERP for Manufacturing Company
Companies that plan to invest in ERP system must do a proper evaluation before taking the final decision about the right choice of the ERP modules and Functions. It is to be remembered in today’s technologically advanced business environment, a web-based ERP system can definitely do wonders if not miracles. Web-based eresource ERP system can definitely help all business operations. It makes the work easy with avoiding unnecessary entries of information. Once an order is entered, the same data could reflect in all necessary modules instantly. eresource ERP is more dynamic than any management software where you may need to do several entrances to complete one task. With eresouce ERP user can evaluate credit possibilities for a sale in real time according to client debt reports, helping you to reduce irrecoverable amounts. The overwhelming enquiries about our system and its functional modalities, we felt it is necessary to make aware of our system to our aspirant customers in a more easily understandable manner. We also would like to intimate all our existing and aspirant customers that eresource ERP modules have been recently upgraded with more user friendly interface that helps easy operational methods for the users. In this series of articles we will try to present some of our important modules with its functional modalities with its operational methods with the help of each module’s screenshots. Readers who has any questions related to anything particular could write to us or calls us directly for more detailed briefing and live demos of our ERP system. eresource ERP system consists of modules such as, Admin, Master, Support, Purchase, Stores, Sales, Service, Purchase Service, Account, Excise, Insurance, HR, Plant Maintenance, Design & RD, Production, QC (Quality Control), TPP, Job Work, PMC, Compliance and Utility. See the below screenshot to view how the modules has been arranged nearly to the convenience of the users. The login page of eresource ERP solution takes you to the system master page which allows the system administrator or any other authorized person from the company to define the company details, user details and their rights. This module has the option to add multiple companies and branches as per the requirement of the company that have implemented the system under the agreement signed with eresource. The administrator could enter the options such as Company Creation, Branch Creation and Financial Year though this screen and further manage the user rights. The company name entered by the administrator will be displayed in the opening page from there the user could enter into the ERP modules of that particular company/branch. When a company or its branch name is clicked, the user will be taken to the module pages where all the modules will be displayed and user could select the module to work with as per the right is given to them by the system administrator. Details of working method of each modules will be elaborated in our coming articles which we hope will give a clear picture of India’s leading eresource Web-based ERP. Also Read – Best ERP Software for Manufacturing in India
Understanding eresource ERP master module In the earlier article we have seen the entry page where the different modules of ERP system are displayed. The user can select any of the modules they wish to work on with provided they have the right. What is to be remembered is that before anyone can start work on any modules, the Master must be prepared, which normally done by the System Administrator or anyone that the company has authorized. In the ERP Master module, we have heads like Account, Item, General, Excise, Warehouse and Report. (Figure shown below) Each head s has its own sub section where the Administrator could enter the details required to manage the master. After the master is defined, when the user select any section, all the details such as price or condition, entered in the master for that particular head will be applied. When the mouse cursor is brought above the first head ‘Account’ sub-section under the Account will be highlighted and clicking and going into any of the subheads sections, details could be entered there. See the below figure to understand the creation of Master. Also Read – ERP System for Construction Industry In the figure above you could see the head Account has been selected and sub-sections in that head Customer, Supplier, Agent, JobWorker, Transporter, Insurance Company, Consultant and Other Service Provider are highlighted. In first sub-head, i.e. Customer, you have option to Add a new customer or Search or Edit a existing customer. By clicking the Search button you go to the list of Customers under your company (Figure shown below). In this manner the Administrator could add details of the companies under their list which will be saved as master and called for action when a user selects it. Apart from sub-heads under the Account many other sub-heads such as Finish Item, SemiFinish Item, Raw Material Item, Packing Material, Consumable Item, Tools Item, Capital Goods, Inventory Level , Item Group Description, Fixed Asset, Ttem Party Relation, Supplier Wise Item Rate, Customer Wise Item Rate, Currency Rate Conversion, Terms And Condition, Userlist, Branch Party Relation, Branch Item Relation, Party Evaluation, Production Process, Employee Hierarchy, Product Category, Scrap Items Conversion and Excise Head etc can be defined in the master. Also Read – EPC ERP
We have learned how one can login to the eresource Web-based ERP solution and the master module to create multiple companies, multiple branches under one company and multiple warehouse under one branch, etc. Now let us turn our focus to the ERP Sales Module. You will agree that Sales is the most important aspect concerning any business. No business can witness success unless the company treats their customer as a God. Therefore Sales module also can be termed as Customer Relationship Management (CRM) module. As we have promised you to take through all modules of eresource ERP system, let us start from the Sales module considering the importance of the module. In eresource, the process of sales starts from the Sales Personnel section, allowing sales personnel capture the source of lead, which could be from various sources. Sales Order 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 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. What is notable is Sales module in resource ERP system also help to you getting your customer order management easier day by day. Whether it is maintaining customer information, quickly creating a quote or migrating it to sales order or being responsive to your customers, we provide you right solution and efficient flow of information. Provision to classify product categorization in different levels, here in the example below, the classification of the product is defined on the basis of Product Group (Example, Flanges), Product Sub Group (Example SLIP ON), and other parameters like, Size, Pressure Rating, Wall Thickness, Flange Grade, Ends Flange, Coating, etc. Search on product can be done using different permutation and combination. All information of one product can be viewed at one central screen, likewise, Weighted Average price, Last purchase, Sales history, Available Customers, In transit of the product, Stock Information, Purchase history of the product, etc. Also Read – ERP Software for Manufacturing Industry
Purchase Management module in eresource ERP streamlines procurement of required Material, 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, Sales and Finance Module ERP Modules. eresource ERP flow of supply guarantees the integrity, tracking and homogeneity of the entire process. Each document in the supply process is based on the information contained in the previous document, so that repetitive introduction of data and human errors are avoided. Through eresource ERP Software, to navigate through different documents that conform to a determined flow (order, supplier’s delivery note, invoice, payment) and know in information at the real time for any order (pending, delivered, partially delivered, invoiced, frozen, etc). eresource ERP never encourages the purchasing of anything without valid requisition. All quotation received from the vendors can be evaluated on the basis of Quotation Comparison. Purchase Order in eresource can be generated on the basis of Approved Quotation or also Direct PO can be generated. Direct Purchase Order is usually generated in the case of Rate contract with the supplier. Purchase planning, based on necessities, keeping in mind minimum stock levels, goods receipts dates, and pending requests. Material Requisitions & Request for Quotation definitions Purchase orders, prices and discounts, warehouse control of goods pending receipt, correction of orders, and creation of purchase orders from sales orders. Receipts. Automatic creation from pending order lines. Automation of incoming goods (location according to priority). Purchase invoices, automatic creation from order lines or delivery note lines pending invoicing. Relationship between orders, delivery notes and invoices. Expense invoices. Purchasing order reports, vendor invoices. Also Read – ERP Software for Manufacturing The standard purchasing flow in eresource ERP is as follows: Orders are planned to cover customer and production requirements. Messages are created identifying item, priority, and release timing. Orders are reviewed; vendors, quantities, terms are changed and approved. Orders are sent to the vendor through email. Receiving process inbound material according to quality specifications. Receiving routes materials based on production and customer requirements. Accounts payable is updated from receiving process. Also Read – ERP for Automobile Industry The procurement cycle for a service or material in our purchase management module in ERP are described hereunder: Determination of requirements: Materials requirements are identified either in the user departments or via materials planning and control. (This can cover both MRP proper and the demand-based approach to inventory control. The regular checking of stock levels of materials defined by master records, use of the order-point method, and forecasting on the basis of past usage are important aspect of the latter.) User can enter purchase requisition, or these can be generated automatically by the materials planning and control system. Source determinations: The purchasing components helps one to identify potential sources of supply based on past orders and existing longer-term purchase agreements. This speeds up the process of creating requests for quotation (RFQs), which can be sent to vendors electronically. Vendor selection and comparison or quotations: The system is capable of simulating pricing scenarios, allowing one to compare a number of different quotations. Rejection letter can be sent automatically. Purchase order processing: The purchasing system adopts information from the requisition and the quotation to help one create a purchase order. As with purchase requisitions, one can generate POs himself or have the system generate them automatically. Purchase order follow-up: The system checks the reminder period one has specified and, if necessary, automatically prints reminders or expediters at the predefined intervals. It also provides one with an up-to-date status of all purchase requisitions, quotations and purchase orders. Goods receiving and inventory management: Goods receiving personnel can confirm the receipt of good simply by entering the PO number. By specifying permissible tolerances, buyers can limit over and under-deliveries of ordered goods. Invoice verification: The system support the checking and matching of invoices. The accounts payable clerk is notified of quantity and price variances because the system has access to PO and goods receipts data. This speeds the process and auditing and clearing invoices for payment. Also Read – Construction ERP Software
Warehouse Management Module in ERP Selecting the right ERP solution with an effective warehouse management module is imperative to keep inventory moving and customer shipments on schedule. eresource ERP provides the means to ensure fast, accurate fulfillment through directed, optimized workflow. The warehouse management processes built in eresource ERP system allows the inventory in the organization to always be up to date and correctly valued. The possibility of defining the warehouse structure of the organization to the unit level (bins) facilitates the exact location of the company stock at any time. 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. Warehouse management module in eresource ERP software provides a steady stream of new supply chain workflows, from which users can pick and choose only those workflows they want. An effective WMS can reduce human errors by preventing product from being put away in the wrong location, picking the wrong product, or picking the correct product but in the wrong quantity. Additionally, such a system can increase the productivity of the warehouse by reducing traveling time, maximizing the use of available space, and suggesting moves for better space utilization. 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. Also Read – ERP for Automobile Industry Following are the operational facilities provided in the warehouse management in the eresource ERP system. Vendors and suppliers definitions Warehouses and storage bins and multiple warehouse support. Personalized product attributes in the warehouse (color, size, Grade, Pressure, quality description, etc.). Movement among warehouses. Picking strategies (according to stock, with rules of priority by location, etc.). Physical inventory, inventory planning, continuous inventory. Reports of movements, tracking, stock, arrival/departures, inventories, locations, etc. ABC Definition and Analysis XYZ Definition and Analysis Product Commodity Item Location Product Configuration Bin Card Item Party Relation Inventory History / Non Inventory Item Bin Transfer Ageing Analysis Goods Receipt Note Material Requisition Material Requisition Approval Material Issues Purchase Returns Sales Returns Inventory Valuation Ageing Analysis Stock Transfer Material Indent Personalized reports. Also Read – Construction ERP Software
eresource ERP, an indispensable ERP System for Business Success Pharmaceutical Industry is the one that always in challenging mode. This is because health is the most precious factor that a life is depend on. As it is said, when wealth is lost something is lost, but when health is lost everything is lost. Therefore contribution of pharmaceutical industry to the nation must be viewed with most respect. Unlike any other industry, pharmaceutical industry is always in a change mode. This is due to demand of new medicines in the society with the evolution of new illness and diseases. It is not an exaggeration if we say there no other industry in this world where research and development holds important as in pharmaceutical industry. However, in today’s technologically advanced world, pharmaceutical companies cannot be mute spectators to changing environment that largely can contribute in their research and development and other business process in a sophisticated method. As the whole world in the process of transformation in its each every mode and method, case of pharmaceutical industry is not something different. Today pharmaceutical industry is witnessing key transformation in the working method with the help of highly sophisticated software applications. With the introduction of sophisticated equipment’s in all working process, managing the work also been upgraded with support of computer networks and highly reliable software applications. This has also been resulted the requirement of highly talented IT professionals in the field. The industry has reason to feel proud that due to this sophisticated working process, the industry has able to invent, produce and supply from very ordinary to even life-saving drugs that our society is badly needed to safeguard their health and other health related matters. In recent times, ERP or Enterprise Resource Planning solution has played a big role in growth of pharmaceuticals industry, generally in its business process and particularly in its technical process. Pharmaceutical ERP software is tailored to meet the needs of pharmaceutical organization Primarily, this application can deliver the power, scalability, and robust e-business functionality in a cost effective manner, with rapid implementation. Most of these application comprises versatile analytics and MIS reports, which gives the power to run businesses at peak performance. When we talk of an ERP system for pharmaceutical company, the first question will be is an ERP system must for an pharmaceuticals company? and If yes, why they need it? The answer is simple. Today ERP solution functions is the soul of an industry, whether it is pharmaceutical or others. And important of soul is beyond any simple explanation. Rather than just a business application ERP mainly functions as an system that automates industry process. Automatic process makes it possible that everything work according to plan and every medicine is produced with its optimum scrutiny and manufactured medicines are delivered to the proper place also at proper time and all other business process related execution carried out efficiently. With an ERP system in place, chance of human error are rare or dim. This system also ensures safety and quality of the product in internationally acclaimed standard. As the enterprise resource planning software became a key component for pharmaceutical companies to integrate their entire business processes, good Indian ERP companies have introduced some affordable and effective system to suit the need of small and medium sized companies in the Indian market.. The most popular among them is the web-based pharmaceutical ERP systems which is a big hit among all big and small companies alike. These Web-based ERP systems integrate and automate the main functionality of an organization thereby facilitating the flow of information among the different functions of an enterprise. These web-based systems have been developed to support all major pharmaceutical business operations. The systems have been incorporated with many advanced individual modules that could take care of functioning of every department efficiently. Quality Management tops the priority list as far as any pharmaceutical company is concerned. Keeping this in mind these systems are developed and designed in unique style. Quality Control department with its integrated sophisticated Quality Control / Module which not only monitors quality by control plans in purchasing and production but also provides real-time process capability index for quick review. Implementation method also plays an important role in success of an ERP system for pharmaceutical industry. Successful implementation requires a structured methodology. The method should be people and process-focused. This is the best way to manage the risk effectively. A good methodology of implementation process covers all the bases. Therefore if there is anything unexpected pops up the user will be able to handle these problems without any negative consequences. Web-based ERP for pharmaceutical is a more flexible, affordable and reliable. What is more important is that for a successful pharmaceutical business process, ERP is the future, and it has become essential in the business world because it brings information classified and simplified to those who have to make decisions. Also Read – ERP for Construction Industry
ERP for Life Science Technology savvy business leaders from the Life Science field are adopting new technologies that directly align and support their more nimble business strategies. They are leveraging cloud solutions to gain greater business agility, faster deployments and predictable investments. Life Science industry today largely viewing the development happening in the technology field with hope and optimism especially the mission critical business systems such as enterprise resource planning (ERP), which has been intelligently integrated with supply chain management (SCM) and customer relationship management (CRM) applications. Majority of companies from this field are opting for deployment in the cloud technology. By deploying these technological advancement Life Sciences industry can become more flexible in their business operations. Effort to eliminate waste and non-value added expenditures from the production process that doesn’t create value is becoming a futile exercise.. However, introduction of able and effective ERP system has fully enabled this production practice adhere a strict monitoring. This technology enablement is now being adopted by most of the organizations in this field in a big way. More enhanced manufacturing ERP software like eresource have helped these companies with its project accounting and cost accounting modules thanks to deep integration with both finance (receivables, payables, ledger) and core manufacturing processes (master planning, shop floor control, WMS, etc.) to identify waste and thereby preserve value with less work. Developing a system that suits Life Science manufacturing companies was a great task that eresource has done successfully . The continued morphing of manufacturing systems and supply chain management systems into single solutions has paid off well.These kind of innovative integrations in our system has made best-of-breed business applications are being replaced by our innovative integrated business suite solutions. This was due to the fact that manufacturers are increasingly turning to the supply chain to reduce cycle times, lower inventory (and related working capital), accelerate customer fulfillment and decrease distribution costs. Eresource ERP applications is enabling these strategic goals come true.. These include such things as leveraging customer segmentation for improved demand planning, integrating multiple supply chain strategies for more accurate forecasting, and simulating buying patterns. Normally manufacturing companies do not use the CRM very effectively. They have a reputation of using CRM systems for the bare minimum. However, in medical fields where patients are now more connected with others in the same boat, are more informed and have more options than ever before, companies must rethink their CRM strategy, processes and software. Today patients are more updated about medicine and other medical related matters, thanks to the more accessible information facilities. They are more active in determining what medical equipment, surgical instruments and surgical appliances they believe are right for them. They are sharing their findings with other patients and entire online communities in social networks and internet forums. To meet these patients where they congregate, Keeping this in mind, the latest CRM modules have developed to include ‘social CRM’ tools that leverage social listening and collaboration apps to identify and engage with patients where they digitally congregate. Unlike in other industries, people in the Life Science field have to depend heavily on technology advancement. Therefore it is important to know for the people who are connected with the field the technology trend and act instantly without losing much time to be a competent field. For that what they need is an tool that will give them full support and confidence in their working process. Eresource ERP has been developed keeping all these facts in mind and the system is fully capable of empowering people in the field to make better business decision and by that way the company that they serve will able to improve its business performance. Also Read – ERP for Automotive Manufacturing Industry
Business Growth with Fewer Employees ERP systems became popular with the large and complex companies sought to standardize their business processes and operations across the globe by implementing the system. Until recently, it was only the larger companies that had the resources required to implement such large-scale technologies. With the introduction of web-based eresource ERP system, ERP technology has become effective solution for small-to-midsized companies as well. It is widely accepted now that the cloud computing is beginning to deliver tangible benefits to organizations. These developments include increased flexibility and agility to business process. Though moving to the cloud computing can bring little more expenses to companies, the benefits these systems could be bring is incomparable, according to IT executives whose organizations have implemented cloud services. Though in the beginning ERP system has brought interest only to technical managers, later it has been realized that the functioning of an effective ERP system affects business managers of all sorts. ERP is more than just computer software; it’s also a way of transforming and optimizing an entire business. This is why it is necessary to involve business owners and managers in the purchase decision and the implementation of an ERP system. Success of an ERP also holds importance of involvement of managers in purchase and implementation of the ERP system. In addition, companies should define their future business processes to help select the appropriate ERP software. As the time changing and technology is fasting moving business application also improved a lot as per the requirement of the situation. From traditional legacy system today we are on the way to much advanced cloud computing system like eresource ERP. It’s important to focus on organizational change management and training activities to ensure that employees understand changes to their jobs resulting from the new software. Showing your back to the latest development in the business world can only push you and your business activities to the corner. What is to be remembered is if you are so cautious in your approach your outing from the field will be imminent that too before you really realizing it. Web-based eresource ERP implementation can bring changes to the entire operations of your businesses The system now has better visibility of operating data, including order status and financial results. In addition, being a web-based ERP system it can be accessed by company executives and employees worldwide who have Internet access to real-time operating data and can enforce tighter business controls. Finally, with eresource ERP, improved efficiency will allow the company to more business growth with fewer employees than projected. Also Read – ERP for Construction Industry