Articles

Business Discipline: How to implement Business Discipline with ERP?

Posted on March 11, 2020August 14, 2024 by forceintellect

Business Discipline: How to implement Business Discipline with ERP? Success is nothing more than a few simple disciplines practiced every day - Jim Rohn Your level of success is determined by your level of Discipline & Perseverance. This is so true! Not only in the case of individuals but also for businesses! It is often said that business discipline is a good measure to judge whether an organization can be successful or not. Why? Because, just as you need a great product and a great team, you certainly need great discipline at every stage, right from business commencement, to survive ...

Significance of CRM for Manufacturing | ERP and CRM

Posted on March 3, 2020August 20, 2024 by forceintellect

Significance of CRM for Manufacturing Strong Customer Relationships Drive Sales, Sustainability and Growth - Tom Cates Did you know "Loyal customers are five times more likely to purchase again and four times more likely to refer a friend to the company" We all appreciate good strong customer relationships are key to success in business. Hence every company strives to meet and exceed customers' expectations, and make their Customers Happy. In order to meet & exceed expectations, we must first know what the customers' expectations are. Let us now understand how manufacturing compan...

Implementing Financial Discipline with ERP | ERP Finance

Posted on February 25, 2020July 26, 2024 by forceintellect

Implementing Financial Discipline with ERP | ERP Finance Cash flow is considered to be the lifeblood of a business. Steady cash flow and healthy working capital are essential for manufacturing SMEs, not only to survive but also grow their business. Organizations must manage finances effectively in order to achieve this. Implementing financial discipline, right from the beginning, is important to prevent revenue leakages and ensure sound financial health of the organization. Let us now understand, what exactly is Financial Discipline? and How manufacturing SMEs can implement Financial Discipli...

Does your Company Need ERP? How to become ready for ERP?

Posted on February 18, 2020September 27, 2024 by forceintellect

Does Your Company Need ERP? While the manufacturing world is quickly moving towards digitization and computerization, should you also implement an ERP? Does your company need ERP? Indeed, this is a crucial decision for every manufacturing SME because implementing an ERP involves a significant amount of time, effort and cost. The aim of this article, is to help you understand, whether your manufacturing company needs an ERP? If Yes, then How to become ready for an ERP? We have created a practical step by step guide for getting ready for ERP Implementation Does your company need ERP? As a ...

ERP Implementation Challenges & How To Overcome Them?

Posted on February 11, 2020September 27, 2024 by forceintellect

ERP Implementation Challenges & How To Overcome Them? As a company focused on ERP software development and implementation, we observe, that manufacturing SMEs have become aware that they have to adopt new technology and mobility in order to stay relevant. They understand and recognize the value that ERP can bring to their business and are keen to implement ERP. Yet, we observe that a good part of our preliminary discussions with our prospects focuses on their concerns and apprehensions about the ERP implementation challenges. Here, we are addressing these concerns through our blog. ...

Are you Ready for Growth? How to become ready for Growth?

Posted on February 4, 2020September 27, 2024 by forceintellect

Are you Ready for Growth? How to become ready for growth? This article aims to help manufacturing SMEs assess, whether this is the appropriate time to think of growing their business and also to understand what are the steps and measures they need to adopt in order to become ready for growth. When should you think of growing your business? Here are some questions that help you determine, whether you should think of growing your business? What are the trends in your industry? How is the industry outlook? Do you have a steady stream of customers? Do you have a lot of repeat custo...

Measure Your Manufacturing KPIs | Manufacturing KPIs & Metrics

Posted on January 28, 2020September 6, 2024 by forceintellect

Manufacturing KPIs & Metrics If you can measure it, you can understand it. If you can understand it, you can control it. If you can control it, you can improve it. Measurement is the first step that leads to control and eventually to improvement! - H James Harrington. In this article, we are going to discuss the importance of KPIs for manufacturing companies and examples of various manufacturing KPIs that can be used to monitor, control, analyze and optimize the processes as well as meet the objectives of your organization. What are Key Performance Indicators (KPIs)? Key Performance ...

How to use ERP to become a Customer Centric Organization?

Posted on January 21, 2020September 27, 2024 by forceintellect

"Get closer than ever to your customers. So close that you tell them what they need, well before they realize it themselves" - Steve Jobs How to use ERP to become a Customer-Centric Organization? Before we dive into how to use ERP to become a customer-centric organization, let us first understand what is a customer-centric organization; what are its characteristics, and why it is important to become a customer-centric organization? What is a customer-centric organization? Customers, as we all know, can either be individuals or businesses, who purchase goods and services from another compan...

How ERP helps implement Knowledge Management culture?

Posted on January 14, 2020August 22, 2024 by forceintellect

How ERP helps implement Knowledge Management culture? The most precious advantage of any organization is the knowledge, experience, and capability of its employees. However, it will not be possible to make the best use of this knowledge, if it resides, only in the heads of these respective employees. Every organization should, therefore, develop a culture for collecting, processing and sharing knowledge to gain a competitive advantage. Let us now see how ERP helps implement Knowledge Management culture in manufacturing industries. What is Knowledge Management? Knowledge management is the ...

Importance of Procurement in Manufacturing

Posted on January 7, 2020September 3, 2024 by forceintellect

Importance of Procurement in Manufacturing What is the Importance of Procurement in Manufacturing Industry? What is Procurement in Manufacturing? Procurement refers to an organization's strategy to acquire goods and services for ensuring successful business operations. The procurement process ensures the right materials/products/services are obtained at the right price, from the right source/vendors, in the right quantity, meeting the right specifications, and delivered at the right time to the right users. What is the importance of Procurement in Manufacturing organization? Companies in...