Articles

How ERP Solves Business Problems?

Posted on July 28, 2020August 8, 2024 by forceintellect

Facing Business Problems? See How ERP Can Solve Them As manufacturing SME, do you face any problems in day to day operations? Do you find it difficult to make informed decisions? Are there any specific business areas you find bottlenecks in? or Areas you would like to improve? Do you have complete visibility of your business? Have you given a thought on how an ERP solves business problems? We have come across many companies that do not take advantage of digital technology adoption and ERP implementation. While others accept technology after they face major business problems that require th...

How to Measure ERP Implementation Success?

Posted on July 21, 2020November 25, 2022 by forceintellect

How to Measure ERP Implementation Success? Success is defined as "Achievement of an action within a specified period of time or within a specified parameter. Success can also mean completing an objective or reaching a goal". Each company has its own unique processes functions and challenges. Before you embark on a journey to implement ERP software, you must have a clear vision of what exactly you want to achieve by implementing ERP? What problems are you trying to resolve? Which specific areas do you want to improve? Having a precise understanding of your ERP implementation objectives and goa...

Vision Document for successful ERP Implementation

Posted on July 14, 2020November 25, 2022 by forceintellect

Vision Document for successful ERP Implementation Vision is a destination – a fixed point to which we focus all effort. The strategy is a route – an adaptable path to get us where we want to go." Simon Sinek Having a vision for your business means having a clear sense of purpose of what you want to achieve in your business. Vision steers you in the right direction and helps define the long term and short term goals of your business. It proves a guiding force to align your decisions with your vision and stay on course to achieve your vision. Let us now see what is a vision document and why ...

Importance of Business Reports in Business Success

Posted on July 7, 2020November 25, 2022 by forceintellect

Importance of Business Reports in Business Success Business reports provide precious insights into the functioning of every organization. You can recognize operations that are performing well. You can ascertain processes that are not functioning up to the mark and require close monitoring for achieving improvement. Business reports play a vital role in the success of a company. Does your company have a good business reporting culture? How can you achieve good business reporting with ERP? These are some of the topics we will cover in this article. What is a Business Report? Business Dictiona...

Business Strategy & ERP: Why ERP should be an integral part of business strategy?

Posted on June 30, 2020November 25, 2022 by forceintellect

Business Strategy and ERP: Why ERP should be an integral part of business strategy? A business strategy is the roadmap to achieve the company's business objectives. Defining & designing a business strategy, ensuring proper implementation, monitoring the results, and ensuring course corrections is crucial for ensuring business success. An ERP software can play a crucial role in implementing, monitoring & refining the business strategies, hence a company should align ERP with the company's business strategy. Let us now see, how an efficient ERP Software will help roll out and implement ...

Are you an early technology adopter or late majority? | Force Intellect

Posted on June 23, 2020November 25, 2022 by forceintellect

Are you an early technology adopter or late majority? Technology has transformed the way companies do business, especially since the rapid advancements in computers, internet, communication, digital technologies. Technology plays a crucial role for any business to stay relevant & competitive in this era of cut-throat competition. Are you a technology adopter? Have you adopted technology in your business? Are you leveraging technology to improve your business? In the "Diffusion of Innovations Theory" sociologist Everett Rogers points out that not everyone possesses the same motivation t...

Prevent Overstocking or Understocking with ERP Software

Posted on June 16, 2020September 16, 2024 by forceintellect

Prevent Overstocking or Understocking with ERP Software Inventory or Stock is the most significant asset of a manufacturing company that directly impacts the productivity and profitability of a company. How much inventory to order? When to Order? How to avoid a situation of Overstocking or Understocking is the most challenging aspect every manufacturing company faces. Let us now discuss in detail the impact of, and how to prevent Overstocking or Understocking. What is Overstocking or Understocking / Overstock or Stock out? Simply put, when a company ends up with more goods & supplies th...

The Role of the CEO in ERP Success

Posted on June 9, 2020November 16, 2022 by forceintellect

The Role of the CEO in ERP Success "Good Business Leaders, create a vision, articulate the vision, passionately own the vision, and relentlessly drive it to completion" - Jack Welsh As a company that has been involved in implementing ERP software for Manufacturing SMEs for more than a decade, we have worked closely with more than 70 companies to carry out ERP implementation. It is our experience that the Role of the CEO is critical in ensuring ERP Success. The passion & vision of the CEO in implementing an ERP, his role as a mentor and driving force in motivating the entire organiza...

Inventory Management Reports for Manufacturing SMEs

Posted on June 2, 2020September 16, 2024 by forceintellect

Inventory Management Reports for Manufacturing SMEs What are Inventory Management Reports? Inventory management reports enable manufacturing SMEs to have an accurate representation of the amount of raw material, components, and finished products, on hand, and decide when to order inventory, how to store inventory, and use inventory as efficiently as possible to run the production process smoothly. There are different types of inventory reports that manufacturing companies should focus on to improve their productivity & efficiency. We will provide more details of these reports in the f...

Strategies for Business Performance Improvement with ERP

Posted on May 26, 2020November 25, 2022 by forceintellect

Strategies for Business Performance Improvement with ERP When Performance is measured, performance improves! What is Business Performance Improvement? Business Performance improvement involves measuring the current level of performance in an organization and then modifying the processes to improve operational efficiency, cut costs efficiently, and increase revenues. Companies must focus on achieving improvement in the following areas: Inputs Required: E.g. Focus on reducing working capital, materials, reorder time, etc. Throughput: Focus on Improving Process efficiency by reducin...