FAQs

ERP stands for "Enterprise Resource Planning". The definition of enterprise resource planning is an integrated software solution used to manage a company's resources. ERP systems integrate all business management functions, including planning, inventory/materials management, engineering, order processing, manufacturing, purchasing, accounting and finance, human resources, and more.

The benefits derived from ERP can far outweigh the costs of the system, providing that the system is selected carefully and is appropriate for your company from a feature, cost, and technology standpoint. Some of the benefits realized are:

• A single integrated system.
• Streamlining processes and workflows.
• Reduce redundant data entry and processes.
• Establish uniform processes that are based on recognized best business practices.
• Information sharing across departments.
• Improved access to information.
• Improved workflow and efficiency.
• Improved customer satisfaction based on improved on-time delivery, increased quality, shortened delivery times.
• Reduced inventory costs resulting from better planning, tracking and forecasting of requirements.
• Reduced inventory costs resulting from better planning, tracking and forecasting of requirements.
• Turn collections faster based on better visibility into accounts and fewer billing and/or delivery errors.
• Decrease in vendor pricing by taking better advantage of quotation comparison and tracking vendor performance.
• Track actual costs of activities and perform activity based costing.
• Provide a consolidated picture of sales, inventory and receivables.

An ERP system provides the solid operational backbone manufacturers and distributors need to improve the volume of production and fulfillment of orders while reducing costs. By optimizing your manufacturing and distribution operations with ERP, you'll also be able to focus on new business opportunities.

Below are the indications that you need a new ERP now:

• Increasing customer complaints about poor service
• Using Manual and multiple systems for the same task
• Failing to get accurate, up-to-date information for decision-making
• Using handwritten notes as it's easier to jot it down than use the current system
• Having to enter the same data into more than one system
• Inability to expand the business due to limitations of current information system
• Lost or corrupted data
• Dependency on others for completion of your task

You can choose right ERP by Analysing following points:

• Cost Benefit Analysis
• Business Specific Requirements Implementation
• Unrealistic Implementation Expectations
• Modules Selection
• Cost of Implementation
• Employee Feedback on the ERP
• Selection of the ERP Vendor
• Selection of the ERP Vendor
• Long Term Planning
• Post Implementation Support
• Modules Selection
• Modules Selection

The return on investment from implementing ERP system can be very attractive. Return on investment does not just imply in terms of financial gain. It can be in terms of the growth in productivity, efficiency, or in terms of overall improvement in the performance of the company or even to the extent of better transparency in the operations being carried out by the firm and of course, the satisfaction of the users.
ERP automates your entire system while seamlessly integrating them resulting and fast and accurate movement of data reducing redundancy and effect caused by delay. ERP helps you deliver solid customer satisfaction by improving on-time shipments, automating clerical tasks, reducing inventory and providing solid information to make decisions on.
The Shop Floor chaos is eliminated by proper scheduling and material control. Billing and delivery errors are eliminated using system automation. These benefits certainly boost your productivity, reduce extra costs and overheads and ultimately increased ROI.
The two essential factors determining the ROI and Payback potential are Installation and implementation of the software. ERP offers an outstanding implementation and installation packages thereby offering its clients unique and effective software solutions for their organization resulting in superior business operations and profits.