Preventive Maintenance System (PMS) is the backbone of the Oil and Gas Industry It has been proved that a well-chosen and intelligently implemented, Preventive Maintenance System can make more economic sense. This is because preventive maintenance does the minimal routine work necessary to ensure the equipment remains in proper operating condition. Before discussing anything further on Preventive Maintenance System (PMS), it is necessary to understand how important is PMS. Preventive maintenance is planned maintenance of plant and equipment that is designed to improve equipment life and avoid any unplanned maintenance activity. Preventive Maintenance includes lubrication, cleaning, adjusting, painting, and minor component replacement to extend the life of equipment and facilities. Its purpose is to stall breakdowns and excessive depreciation. Neither equipment nor facilities should be allowed to go to the breaking point, especially in industries like Oil and Gas, where a brief disruption of work could mean not only a huge financial loss in downtime but it will jeopardize the safety of people working there. It takes a lot to keep the Oil and Gas industry running smoothly. However, an effective IT backbone with a solid application that supports end-to-end logistics can address the challenges effectively even while reducing costs and minimizing risks. This is the best way you take control of the Oil & Gas industry. In Oil & Gas industry. Therefore, the on-time flow of materials, people, and equipment to and from exploration, development, and production sites is critical. Understanding the situation lot of companies in the Oil and Gas industry have placed their gear in a transformation mode. Earlier this industry heavily relied on human interaction for preventive maintenance. However, this exercise demanded a lot of working time and effort that most of the time produced unsuccessful results. With the introduction of exclusive PMS like eresource erp software, the Gas and Oil Industry is opting for a good and effective preventive maintenance system. Eresource PMS uses enhanced analytical tools to lead scheduled maintenance. The system is linked to the operational performance of equipment that measures performance parameters such as vibration or heat in oil exploration. When any of these parameters stray outside a predefined range, automatically determines the most likely cause and will also suggest work orders to maintain or replace certain equipment Using eresource ERP PMS in the Oil and Gas industry has many advantages. First of all, there will be tremendous value creation, particularly in petroleum exploration when using an integrated preventative maintenance system like eresource PMS. Lowering maintenance time will have immediate benefits to the life of lubricants and filters, as well as maintaining design specification operating parameters to achieve maximum productivity and quality. Apart from the above benefits, the original equipment manufacturers for the oil and gas industry can also indirectly benefit by understanding exactly what equipment and replacement parts clients need when managing oil and gas exploration projects. Also, engineering manufacturers can learn from the exercise by understanding past performance and enhancing design specifications to meet increased production demands and work order flow. These factors will help maintain inventory and purchasing to an optimal level as well reducing the inherent financial risks of holding excess inventory of parts. The benefits received from eresource ERP PMS in the energy sector reduce costs significantly for an industry with massive capital expenditures, leading to a more efficient energy enterprise in the long-term. Also Read – EPC ERP
Stimulate your business by choosing right ERP – eresource ERP software Having discussed in details about the user’s role in successful ERP implementation, it is time to look into the other element which is the consultant or you may refer them as vendor or ERP solution providers. The task of selecting a suitable consultant is very important and there is no point in cursing the consultant later for their poor performances. There are various reasons behind poor performance and the prime being the poor industry knowledge followed by lack of knowledge on client’s key success factors. The other factors are lack of understanding of user’s perspectives and also limited consulting experience. A soft approach towards customer and user is a way to show the consultant’s integrity, which many consultants do not possess. Adamant attitude will help bring only unfruitful result. The problems should be solved with loyalty and dedication, which will boost morale of both the customer and the user. Unfortunately, this does not happen with every consultants, which prompts some company to believe, ‘consultants know nothing; they come here, learn from us and then vanish one day for the self-betterment without solving our problems.’ Interestingly, in many cases, consultants are not blamed for their poor ERP product knowledge, but for their approach. Contradictory to the above, Eresource ERP clients are extremely happy with our product service as well as our approach. All of our personnel are professionally qualified along with long years of functional experience. A good ERP consultant should be an equally good business consultant too. This may help in reengineering of existing set-ups in the client’s side to improve ERP performance. To improve ERP performance it is very important to focus on reengineering of existing set-up in the client’s side. The expected qualities of the ERP consultant are that they should have adequate level of pure functional experience, a deep knowledge of ERP product, must possess good HR skills with convincing abilities and eye for process improvements rather than automation. They should also have a cool head with a composed personality. Many a time consultant needs to encounter various ‘orphan’ activities and deal with them in a proper manner. The following incident will indicate why an efficient consultant is needed to address these issues. The design department in an engineering company used to claim that making Bill of Materials was their job, but selecting and arranging branded components required by customer should be the purchase level decision. And the problem was, purchase may select some economical brand, which in turn affects the performance of some other assembly, hence, again, the design department comes into picture. The process was continuous and creates a lot of back and forth interactions for one decision. Users were demanding the automation of such discussions across departments in ERP. Also Read – ERP system for automotive industry In this circumstances what to be done by the consultant is to revamp the whole process of BoM structuring in the organization. They must convince the client to form a cell of BoM structuring for complicated customer configurations. The cell consists of each user from marketing, engineering planning production, purchase, and also from accounts. In fact, by doing this the consultant had reengineered the functional set of the organization into a temporary process set-up for improving decision-making quality and speed. Eresource ERP consultant follows a few general guidelines regarding BPR preparations required during consulting. It is the job of consultants to take only the policy decision from users on various scenarios and then design, map and implement and process suitable to user’s culture. In such cases, it is better to avoid more discussions. For example, in one company, the same item was available in domestic as well as in imported market. The price difference was high. Since the company follows standard costing, ideally there should be different identification for the same item having such price differences to account for inventory costs separately because it has not implemented Lot Control Module. The company was unable to understand the need of separate code of them item. In this case the consultant must be able to convince the accounting repercussion to hardcore functional guy from stores. Since the user doesn’t understand commercial, operational and legal implications of the process completely in the ERP, consultants should exhibit dominating role in such cases to ultimately give the best out of ERP to the user. The consultant who can manage the implementation with the above qualities and techniques can be classified a genuine, reliable and a simply good consultant. Without doubt, eresource ERP stands tall here. Also read – ERP for Plastic Industry
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. Also Read – ERP Software in India 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
ERP addresses challenges faced by Pharmaceutical companies Pharmaceutical companies in India have lately started realizing the importance of having an ERP system implemented in their organizations to address both their information and regulatory needs. These requirements helped improve product and process understanding. Challenges faced by pharmaceutical companies are best addressed by integrated approaches offered by ERP systems which not only provide better control over their business processes, but also help them in manufacturing products as per cGMP requirements. ERP products like web-based eresource ERP system provides full services for pharmaceutical products like vitamins, natural health and dietary supplement from raw materials to finished products. eresource has been recognized as a “one stop service provider” among its customers because it offers a complete range of services ranging from supply of raw material, production, manufacturing and packing etc. Many companies used to work on spreadsheet like Microsoft Excel for keeping data to run the business which consisted of manufacturing hundreds of products. This method not only resulted a lot of time wasting but also caused lot of hardship in maintaining raw material inventory and in maintenance of records of lot numbers used in the finished products. This working hassles prompted pharmaceutical companies to look a system that will improve their business process and also could fetch a respectful return on their investment. Many companies have found the right answer to their problem in the ERP system which would provide real time access to all their business activities. Success stories of these companies are also attribute success story of ERP solution provider like eresource ERP. The main advantage with a web-based ERP is information sharing. It is very important that organizations must provide customers, employees, suppliers, distributors and numerous other parties with the information they need, when they need it. As a result, business systems and processes can no longer remain isolated and disparate. Business success now requires better performance from easier application integration. ERP System like eresource shares information internally and externally through Web applications, business-to-business (B2B) exchanges and value-added networks. These exchanges and transactions are be real-time, on-line and immediate – i.e. conducted anytime, anywhere and without compromise to security or transaction integrity. Through the use of Web enabled services, the cycle time between buying and replenishment can be greatly reduced and the potential for errors virtually eliminated. Also Read – ERP System for Construction Industry
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
Web-based ERP software Web-based ERP software is an ERP system that runs on a web server and the user requires a web browser to work on it. A web-based ERP software must be hosted on a reliable web server to ensure the application is secure and always ready for use. A web-based ERP system also requires lesser in-house IT infrastructure as compared to a client-server system. A web-based ERP software has to be developed based on a three-tier design and the system should have a lightweight user interface to minimize the data transfer during each cycle. The presentation layer should include all the web forms and the business layer contains all the business logic of all the modules of the web-based ERP software. The data layer includes the sql server database. Web-based ERP has many benefits compared with a client-server system. This is the reason why many companies are now opting for web-based ERP systems as compared to client-server systems. The requirement of server management software and associated licensing is eliminated in a web-based ERP. The most important advantage of web-based ERP software is it can be used from anywhere and anytime. For example, data such as sales orders can be entered from any location. By having a web-based ERP solution, the need for IT staff to maintain an in-house ERP infrastructure is eliminated to a large extent. Training the staff on a web-based ERP software is much easier as any computer with an internet connection at any location can be used for conducting training sessions. Web-based ERP permits organizations, especially SMEs who have limited infrastructure, to conduct their entire business through this medium. An effective web-based ERP automates all internal functions of an organization to ensure that the benefits of e-commerce are delivered to the entire organization. As all the operations are performed online, a lot of time can be saved by using web-based ERP software and also all dealings and transactions become transparent. There is no doubt that web-based ERP solutions will surely do a lot of good for SMEs in their business process. It is the easiest and cheapest way they can find to extend their presence in the widely spread global market. eresource ERP is a web-based ERP (Enterprise Resource Planning) software designed to streamline business operations. eresource ERP offers modules such as finance, HR, supply chain management, CRM, purchase and sales management, and more. Also Read – Benefits of ERP Software for Manufacturing industry As a eresource ERP – web-based ERP software, offers several benefits: Accessibility: You can access ERP software anywhere with an internet connection. ERP Software allows remote work and easy collaboration among your clients and teammates across different locations. Scalability: It can typically accommodate the needs of businesses of varying sizes, from small, to medium to larger organizations, allowing for scalability as the business grows. Integration: It facilitates the integration of various departments and functions within an organization, enabling smoother communication and information flow between different areas of the business. Real-time Data: ERP software provides real-time data and analytics, allowing decision-makers to access up-to-date information for making informed business decisions. Customization: eresource ERP offers customization options to tailor the software to specific business needs, ensuring it aligns with unique processes and requirements. Streamlined Operations: By centralizing and automating processes, eresource aims to streamline operations, reduce manual errors, and improve overall efficiency. Modules: eresource ERP consist of different modules finance, inventory management, CRM, Sales and purchase management allowing businesses to choose the specific modules they need based on their requirements. If you need a free eresource ERP Software Demo, Please send an email to info@eresourceinfotech.com
Key ERP Modules An ERP software consists of many modules with each module is integrated with the major functional area of an organization. In normal procedure, each module is designed to interact with each other with easy accessing of information concerning a particular branch, section or department. ERP modules are tightly protected with efficient security system and the staff is trained to handle the system effectively during the training session by the consultants. The following are some important key ERP modules that being included in major ERP packages. ERP Finance Module The financial activities of an organization by the finance department are recorded using various user interfaces and these interface screens related to the finance department are grouped into a single menu option and these set of options are called the finance module. Financial module of an ERP system is used to record day to day transactions like receiving payments Customers, payments to vendors by raising cheques or through cash and journal entries. Financial module records the data during: Creating a Customer Account Creating a Vendor Account Creating a Bank Account. Creating a General Ledger Account Enhancing Chart of Accounts (when major changes to be made for preparing the financial statements) Financial application components of an ERP solution work hand-in-hand to improve the bottom-line. This is true because the financial functionality is tightly integrated across all business areas and all geographic areas. This tight integration includes all the other different modules, from materials management to human resource to logistics. The financial module of ERP also provides financial functionality and analysis support to lot of medium and large scale enterprises in Indian and abroad. Manufacturing Module in ERP This module is used to record data related to the manufacturing department of the organization. Data is recorded in this module when Bill of Materials, Work Orders and WIP receipts are to be created for work orders. In modern manufacturing operations, information starts at the top and the bottom simultaneously. Data originates at the machines, the process and the workers. It indicates what is being made, how and where, when it will be done, and why it won’t be on time. ERP allows companies to balance customer demands impacted by multiple interrelated items and multiple plant locations. ERP adds applications for financials, supply chain, and distribution and requirements planning for multiple sites. It facilitates intelligent resource planning in the face of rapidly changing constraints such as materials availability, market readiness, plant capacities, personnel certification and business costs per location. In short ERP systems will allow decision makers to champion ‘an intelligent, agile and responsive’ organization in the global marketplace of the next century. ERP Sales and marketing Module 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. Sales and Marketing module also help to you getting your customer order management easier day by day. Use of this also includes maintaining customer information, quickly creating a quote or migrating them to sales order. ERP Purchase Module ERP Purchasing module streamline procurement of required raw materials. It automates the processes of identifying potential suppliers, negotiating price, awarding purchase order to the supplier, and billing processes. Purchase module is tightly integrated with the inventory control and production planning modules. Purchasing module is often integrated with supply chain management software. ERP Inventory Management Module ERP Inventory Management module facilitates recording of data in the inventory department. Activities of the Inventory department such as receipt of goods, delivery of goods, maintenance of material in the stock sections, classifying all the materials, issuing of materials to the manufacturing department, rejections from the suppliers are recorded with full details. ERP Human Resource module Human Resource (HR) module in ERP streamlines the management of human resources and human capitals. It comprises of four broad sections, mainly Training, Recruitment, Payroll and Attendance. HR module routinely maintains a complete employee database including contact information, salary details, attendance, performance evaluation and promotion of all employees. Also Read – Streamlining construction operations with ERP systems
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
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 Software in India 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
ERP and ROI Though many organizations spend lot of time and money researching, analyzing and justifying an enterprise resource planning (ERP) purchase, they hardly spend any time to scrutinize whether the application performs satisfactorily and gives the required output. If organizations don’t establish specific performance metrics, it will be very hard to gauge how well that product is working to meet their objectives, let alone correct any performance gaps. Given that ERP system is somewhat expensive, some might wonder why more organizations don’t engage in a thorough, after-the-fact audit. Reasons range from a lack of involvement by senior management to anxieties about whether the project will live up to its promise-and whose feet will be held to the fire if it doesn’t. And somewhat surprisingly, after-the-fact audits are often skipped because no one agrees on what precisely constitutes a successful ERP program. When the majority of the people you ask not may not sure about what an ERP is, it makes little difficult for your to search for the people who may know it thoroughly. On a technology level, ERP software integrates a company’s departments and functions into a single program running on one database, a valuable step forward for improving efficiencies, because integration speeds up business processes. For a HR manager, ERP system is something different application from a production manager. For him/her it is a system for the employees to interact with each other. But getting bogged down in definitions is beside the point. The point is whatever methodology you use to measure your ERP, it should be applied consistently across the organization at specific points following the implementation. How often you measure your ERP system will depend on the size of your organization and the depth of your software change. Typically, an audit should occur halfway through the implementation, again at three-quarters of the way through the implementation, and when it’s complete. Then, you should follow up every quarterly. There may be some further questions that how can the ERP applications be measured up? Only a systematic, disciplined approach to measuring ROI can provide the answer. However, if the ERP audit focuses only on productivity gains, such as how many steps it takes to complete a shipping label, you won’t get the clear of ROI. To get a clear picture the audit must take into account how well employees interact with the ERP software. Whether the system empowers them to accomplish key tasks? How quickly do they adjust with its functioning methods? To get the actual result, user surveys should be conducted immediately after the training period and again six months later. A polite approach to the employees to enquire about the functioning of your ERP system could get you closer to the software and its functioning. It will help you understand any shortcomings in the system as well as the need of further training to the employees which could make them more comfortable with the system. A logical and systematic approach to the ERP system by the employees is a must for a good result that ultimately reflected in the organization’s return on investment (ROI). Also Read – ERP Software for Manufacturing
Web-based ERP Software Successful organizations are continuously modifying their methods in serving their clients which also increases their profit margin. To achieve this positive result, organizations have to intelligently integrate ERP system in their business management process. An effective ERP system gives the solid foundation to the supply chain which enables information; material and money automatically flow up and down the supply chain at high-speeds without any glitches. Of late many of the organization consider Web-enabled ERP as their most important and strategic platform because it provides a solid foundation and information backbone for e-business. When a business application like an ERP system is enhanced with the e-business capability, i.e. making it a web-based e-business enabled ERP, they supercharge each other. e-business is the best vehicle to share business information with partners for creating major B2B synergies. A fully integrated web-based ERP software will capture and create accurate, consistent and timely relevant data, and assist in intelligent business decision-making. The impact of ERP/e-Business integration is substantial, ranging from reduced inventory and personnel level to improved order and cash management. It also results in improved customer responsiveness, reduced IT costs and the availability for value-added activities. A clear advantage of the web-based ERP software is that remote users like executives and sales representatives can access the company system with any browser, which is much more convenient than going through a laptop configured for Terminal Services. A quick and on-time implementation of the solution can be done on your existing configuration set up. That means you do not need to upgrade your network for Windows/Exchange Server and SQL Server database. As you would have come across more suggestions on ERP, selecting the right one is crucial. The term “Hosted Solution” is rapidly catching up, on account of its own benefits. A web-hosted solution ensures a lower outlay and predictive spread of cost over time. You have a substantial saving in cost (on both the software and hardware, licensing) that can be better invested in your business process. Web-based ERP removes your headache from the Investment made towards time and cost in the maintenance of the server & other hardware. When you go in for a web-based ERP, you can start using it from day one and can eliminate all trouble shooting and other related technical snags. Most of the hosted applications are like off-the-shelf software. The web-based ERP applications are available to you anywhere and at anytime from a simple browser. Also Read – How construction ERP software is useful for civil work?
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
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. Also Read – Best ERP Software in India 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
ERP growth is skyrocketing Demand for Enterprise Resource Planning (ERP) solution growing day by day. Experts are forecasting a huge growth of demand for ERP mostly in mid-sized organizations. The demand is due to the specialty of an ERP system to manage the increased customer service, efficient distribution system and reduced operational costs. Majority of CEOs/Senior managers share the same view that ERP is an important tool to achieve competitive advantage. The number of employees in an organization using the ERP system is increasing and organizations that have started with the basic modules are now expanding their system with subsequent applications. This is also another reason for the ERP growth. Another factor for the growth is many organizations replace customized system with standard application packages. Most of the medium ERP vendors are targeting the mid-sized organizations. This is because many of the mid sized organizations are working with applications which are non-integrated and on disparate technology architectures, built in-house. This has resulted redundant technology, loss of support, non availability of critical information at the right time resulting in overall business loss. ERP vendors in India have found it an ideal market by exploring the SME segment. There are lot of demand persisted in this market, which on the other hand helped to growth the ERP market in substantially. Also Read – How web based ERP software helps remote workers Knowing that majority of Indian manufacturers are small by global standards and requiring easy-to-use ERP solutions to meet their specific process requirements, ERP vendors in India have come out with ideal solutions which can not only match their needs but also their budget. Now almost all small and medium enterprises across industry verticals and micro verticals, such as pharmaceuticals, chemicals, fleet management, automotive, modular kitchen, construction, infrastructure, and textiles, are leveraging ERP solutions to gain sustainable competitive advantages. With the advent of on-demand deployment of ERP software and also web-enabled ERP solution, the user can access the software through license as a Web-based service. The increasing popularity of the web-based applications account for the ERP growth, as the enterprise resources are maintained by a service provider. Growth factor also includes the competition prevailing in Indian ERP market. With the entry of international companies in the local market, the local vendors also steadied their products which are going to be a good sign as far as mid-sized organizations are concerned. Now they can find a wider market with ERP product suitable to their needs also in their limited budget. As the market is getting more competitive reliability and compatibility about the smaller players are unwanted. Today SMEs can choose the right ERP at their will with confidence which is, indeed a good sign. Also Read – What are the future trends for a construction ERP software?
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
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
Preventive Maintenance System (PMS) is the backbone of the Oil and Gas Industry It has been proved that a well-chosen and intelligently implemented, Preventive Maintenance System can make more economic sense. This is because preventive maintenance does the minimal routine work necessary to ensure the equipment remains in proper operating condition. Before discussing anything further on Preventive Maintenance System (PMS), it is necessary to understand how important is PMS. Preventive maintenance is planned maintenance of plant and equipment that is designed to improve equipment life and avoid any unplanned maintenance activity. Preventive Maintenance includes lubrication, cleaning, adjusting, painting, and minor component replacement to extend the life of equipment and facilities. Its purpose is to stall breakdowns and excessive depreciation. Neither equipment nor facilities should be allowed to go to the breaking point, especially in industries like Oil and Gas, where a brief disruption of work could mean not only a huge financial loss in downtime but it will jeopardize the safety of people working there. It takes a lot to keep the Oil and Gas industry running smoothly. However, an effective IT backbone with a solid application that supports end-to-end logistics can address the challenges effectively even while reducing costs and minimizing risks. This is the best way you take control of the Oil & Gas industry. In Oil & Gas industry. Therefore, the on-time flow of materials, people, and equipment to and from exploration, development, and production sites is critical. Understanding the situation lot of companies in the Oil and Gas industry have placed their gear in a transformation mode. Earlier this industry heavily relied on human interaction for preventive maintenance. However, this exercise demanded a lot of working time and effort that most of the time produced unsuccessful results. With the introduction of exclusive PMS like eresource erp software, the Gas and Oil Industry is opting for a good and effective preventive maintenance system. Eresource PMS uses enhanced analytical tools to lead scheduled maintenance. The system is linked to the operational performance of equipment that measures performance parameters such as vibration or heat in oil exploration. When any of these parameters stray outside a predefined range, automatically determines the most likely cause and will also suggest work orders to maintain or replace certain equipment Using eresource ERP PMS in the Oil and Gas industry has many advantages. First of all, there will be tremendous value creation, particularly in petroleum exploration when using an integrated preventative maintenance system like eresource PMS. Lowering maintenance time will have immediate benefits to the life of lubricants and filters, as well as maintaining design specification operating parameters to achieve maximum productivity and quality. Apart from the above benefits, the original equipment manufacturers for the oil and gas industry can also indirectly benefit by understanding exactly what equipment and replacement parts clients need when managing oil and gas exploration projects. Also, engineering manufacturers can learn from the exercise by understanding past performance and enhancing design specifications to meet increased production demands and work order flow. These factors will help maintain inventory and purchasing to an optimal level as well reducing the inherent financial risks of holding excess inventory of parts. The benefits received from eresource ERP PMS in the energy sector reduce costs significantly for an industry with massive capital expenditures, leading to a more efficient energy enterprise in the long-term. Also Read – EPC ERP