Why to follow proper ERP selection process
Many ERP systems showcase the same modules but the difference can be found out in their details. It is necessary to proper ERP evaluation should be done before implementing it as there are tons of options available in the market and you have to shortlist on which ERP best suits your business so that you don’t waste valuable time and effort. Various steps involved in ERP selection process are:-
Steps for ERP selection process are
Step 1: Assess your business process
Different businesses have different needs and hence require their business specif...
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ERP
Optimize your supply chain with ERP best suited for you
A supply chain is a system of organizations, people, activities, information, and resources involved in moving a product or service from supplier to customer. Management of supply chain is necessary to make a business efficient. Most supply chains have greatly expanded due to the proliferation of computer networks and Internet tools and technologies during the past two decades. An optimized supply chain stays lean, manages costs and perhaps most critically responds instantaneously to even minor fluctuations in demand.So how can ERP in supply chain management help?
Spectrum ERP in Supply chain...
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Is your business in need of an ERP system?
When your business does needs an ERP system? Is implementing ERP into your business a good idea? These are the questions that we will address here and we will try that you have an answer to these questions when you complete reading of this article
Lookout for this signs to understand if your business needs an ERP system:-
1. Information about your business is difficult to access for any reason
While information can be gathered by using spreadsheets and keying in data, ERP software will automatically generate data like sales margins or a particular customer’s order and payment histo...
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Business @ Digital age
Why is a good IT infrastructure necessary for a business at digital age?
We are living in a different age now then we were 20 years ago. Market changed quite extraordinarily in these years. There are more opportunities now. New technology is coming into the market every day, new products are being launched everyday, hence giving rise to the tremendous competition that goes hand in hand with the opportunities. New businesses are opening and closing everyday. So how to compete in this market? Is there a way to stay ahead in this competition?
The changing business landscape
Business landscap...
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Check your readiness for ERP, a checklist for SMEs.
A study conducted by a Bangalore based research organization shows that 22% of SME’s have opted for ERP solution in countries like India and Thailand. At the same time another research organization from Hyderabad raises the question on the utilization of ERP deployed in SMEs. This low percentage of ERP adoption in SMEs and an even lower utilization raise a question ‘Do SMEs check readiness for ERP before going for implementation?’
We did a good amount of debate on social media like LinkedIn on this topic where various veterans on this subject joined the discussion and shared ...
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Why is it necessary to invest in “ERP Software for Small Business”
Business Restraints
No organization or individual has infinite resources. And when it is about small business they face more resource constraints as compare to big ones. Most CEO from SMEs always deals with equal pressing demand of resources from all the corner of enterprise. When these precious resources are planned for some intangible investment like ERP, such investments sometimes are questioned by some of the stakeholder to prove their worth. Small businesses doesn't need to go for big ERP's as they will cover a lot of features that their business will not need instead they can go for ERP...
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How to evaluate “Best ERP for Indian SMEs”
In the competitive markets of India you cannot be parochial; you have to understand the modern ways, the current market condition, and the needs of the customers for people to buy what you are selling. ERP is helping many SME’s in India and around the world in increasing their profit and make the best use of resources. ERP will change your way of manufacturing, finance, sales as well as CRM so it is necessary to evaluate ERP before implementing it. So how to evaluate a good ERP? There several factors to evaluate a good ERP but before starting to evaluate an ERP, first requirements that are nee...
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Challenges in ERP Implementation
These are the challenges in ERP implementation that businesses have to go through
1. Clear business objective – The first leap toward successful ERP implementation is to define clear objectives that should be achieved through the implementation. In other word, what will be called success should be predefined. Absence of clear objective may lead to vision match problem and finally lead to a failure. Objectives are also helpful, in setting priorities and deciding trade off in case of conflicting interests among the stake holders.
2. Management Backing – ERP impacts almost every nook and corne...
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ERP implementation in Indian SME’s
Spectrum ERP have helped in the growth of many Small businesses. It can help you too. Know more about Spectrum ERP.
Why is it necessary to have ERP for small business India
India has a wide market for SMEs and hence there is always a need to stay ahead in the competition. Compressed product development cycles, cut throat domestic and global competition, economic downturns, rapidly changing customer demands and volatile financial markets have all increased the pressure on SMEs to come up with effective and competitive capabilities to survive and succeed. ERP impl...
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ERP Inventory management
Before getting into details about ERP inventory management we have to understand what is inventory management and why do we need it?
The fact or process of ensuring that appropriate amounts of stock are maintained by a business, so as to be able to meet customer demand without delay while keeping the costs associated with holding stock to a minimum. This also kind of explains why it is necessary don’t it. If you don’t ensure that appropriate amount of stocks are maintained it will lead to delay in getting the product to the customer endangering the organization future image. So we know n...
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