Articles

How good is the information flow in your business?

Posted on May 19, 2020November 22, 2024 by forceintellect

How good is the information flow in your business? The new source of Power; is not money in the hands of a few, but, Information in the hands of many" - John Naisbitt Every Business is Information Business. Information is vital for every business to succeed. How effectively every company captures information, analyzes information, and uses this information is vital to assess their current performance and make strategic plans for the future. How good is the information flow in your organization? What is the information flow? Information flow is the exchange of information between people...

Lean Inventory Management: How to implement Lean Inventory with ERP?

Posted on May 12, 2020September 16, 2024 by forceintellect

Lean Inventory Management: How to implement Lean Inventory with ERP? Lean is a way of thinking. A systematic method to identify and eliminate waste from processes to provide maximum value to customers. What is Lean Inventory Management? Lean Inventory Management is a systematic method that focuses on eliminating any form of waste in Inventory and providing the right quantities of inventory, just-in-time, to ensure smooth flow of production and ultimately add value to the customer. Thus, Lean inventory management focuses on maintaining the bare minimum required inventory. What is the import...

Digital Technology Adoption: Importance of Digital Technology Adoption for Manufacturing SMEs

Posted on May 5, 2020November 25, 2022 by forceintellect

Importance of Digital Technology Adoption for Manufacturing SMEs You’ve Got to start with the Customer Experience and work backward towards the Technology. Not the other way around! - Steve Jobs The increasing importance of Digital Technology adoption in the manufacturing industry. Technology is evolving fast, ringing in new & better ways of doing business for exceeding customers' expectations & providing them a superior customer experience. Technology and the Manufacturing industry are practically interwoven and it is practically impossible to imagine one without the other. Man...

Working Capital Mistakes Every Manufacturing SME should avoid !!

Posted on April 28, 2020August 13, 2024 by forceintellect

Working Capital Mistakes Every Manufacturing SME should avoid !! "Working Capital is the Lifeline of every Manufacturing business!" What does your company's financial health look like on the Working Capital barometer? Is it adequate, healthy or are you struggling with it? Do you have enough funds to manage daily and operating expenses? Now, let us run a quick reality check. Have you observed any of the following trends or patterns in your company? Plant Managers purchase excess materials to be on the safer side and avoid stock-outs A high amount of scrap is generated re...

How manufacturing companies can become ready for the “New Normal”?

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

How manufacturing companies can become ready for the "New Normal"? The Coronavirus pandemic & the resultant Lockdown is a global crisis that has hit almost every country in the world, hard. Undoubtedly these are devastating times, tough times, trying times! But, when you cannot control, what is happening, you have to challenge yourself to control the way you respond. That’s where your Power Is! Manufacturing companies whose productions are stalled are gearing up to adopt new technologies & digitalization and craft strategies to survive the crisis and spring back to the "New Normal" as...

Role of Material Management in Improving Productivity & Profitability

Posted on April 14, 2020September 16, 2024 by forceintellect

Role of Material Management in Improving Productivity & Profitability of Manufacturing Companies One perpetual problem faced by manufacturing companies is the rising costs of materials and services. How to ensure continuous production while keeping stringent control on production costs is a concern for a lot of manufacturing SMEs. Hence, this article aims to emphasize the role of material management in improving productivity & profitability of manufacturing companies What is Material Management? Material management is a function responsible for appropriate planning, organizing, and...

ERP Selection : ERP Selection Steps, Criteria, Comparison, Evaluation

Posted on April 7, 2020August 14, 2024 by forceintellect

ERP Selection: ERP Selection Steps, Criteria, Comparison, Evaluation Usually, when companies choose to scale & grow their business, it becomes crucial to work smarter, increase efficiency across functions and ensure optimum utilization of resources. To accomplish this, companies must have complete visibility of their business processes! Most companies decide to implement an ERP Software, at this crucial stage, to run all processes from a single solution! ERP selection is a significant step in the process of ERP Implementation. With so many ERP software providers available, how to sele...

Lockdown: How to make the best use of the Lockdown?

Posted on March 31, 2020November 25, 2022 by forceintellect

Lockdown: How to make the best use of the Lockdown? Lockdown! Who would have imagined a few weeks ago, that the whole world would come to a standstill! Coronavirus has practically brought the whole world down on its knees. Nations Big & Small, Developed & Developing are dealing with this disruption through stringent measures. India has been forced to implement Lockdown as the only; effective although a very stringent measure; to contain the virus from spreading like wildfire! No doubt, this is a very Tough Time!! Business World is also hit hard, Production is stalled, Supply Chain...

How to achieve Operational Excellence?

Posted on March 24, 2020August 14, 2024 by forceintellect

How to achieve Operational Excellence with ERP? How to achieve Operational Excellence for sustainable profitability is a question that bothers most manufacturing companies. Even more so, in the case of manufacturing companies whose raw material costs and finished goods costs, are market-driven. Such companies only have control over their internal processes. How can they maintain profitability in such situations? The only solution is to achieve Operational Excellence. Let us now briefly touch upon what is operational excellence? what are steps to operational excellence and then get into ...

Importance of ERP Mobile Apps for Manufacturing Companies

Posted on March 17, 2020July 24, 2024 by forceintellect

Importance of ERP Mobility / ERP Mobile Apps for Manufacturing Companies The convergence of internet & mobile technology is a revolution that has transformed our lives & and the way we do business! Advancement in the internet, mobile technology, computing powers has opened up unprecedented possibilities and means of accessing data! In fact, people are progressively using Smartphone, Tablet as workspaces, while traveling or working from remote locations. This is precisely where ERP Mobility or ERP Mobile Apps comes into the picture and plays a significant role. What is Mobility in Bu...