Did you consider user acceptance before embarking on your ERP project ?
So after months of demos and meetings, shortlisting and analyzing the implementation project has kicked off, consultants and implementation specialists have spent months making sure that the system fits the exact requirements and you are now ready to go live. Well not exactly!! An important aspect that is many times over looked is the end user, how will the end user use the system? What measures have been taken to ensure that everyone is able to use the newly implemented system? Training is...
Make it easy with multi-company ERP!
ERP system is often associated with an in-depth review of the organization of work, optimization and standardization of processes. The ERP help manage and support multi-site or multinational environment like: ■ Cost control across the group organizations, entities and business units. ■ Multi-currency...
How Data Warehousing and Data Mining are related to ERP
Data Warehousing (DW) is actually a database used for data analysis and reporting. DW stores up both historical and current data and helps top management to create quarterly and annual trending reports and facilitate comparisons between different reports. On the...
Calculating Total Cost of Ownership (TCO): a very important measure of Return on Investment (ROI)
Although almost each and every business organization which buys and uses Enterprise Resource Planning (ERP) and Customer Relationship Management (CRM) software know about Total Cost of Ownership (TCO), but most of them don’t know exactly how to calculate it. But...
The Art of Cross-Selling
Cross-Selling is regarded as one of the best ways of generating extra sales. Sales representatives are always under huge pressure of increasing sales volumes and the best way they can attain their weekly or monthly sales target is “Cross-Selling”. Cross-selling is...
The Advantages of ERP in Pharmaceuticals
There has been a lot of hype and ballyhoo about ERP systems propelling the business world into the 21st century, but how can a pharmaceutical company benefit from the installation of such software. For a pharmaceutical company the correct combination and procedures for creating their recipe is exceedingly important; every facet and phase of it has to be recorded. With this being taken of by an ERP system, they can increase recipe management efficiency. The complexity of documenting a product recipe...
What is the impact of an ERP system on the audit process?
A single business tends to generate and manage tons of data. File cabinets and clerks used to be the norm, but have been left far into the past. Now businesses are turning to ERP software as the latest technology for information processing and management. However, this type of software is not that simple an implementation as the changes affect the entire company. For auditors, these means changing how they normally go about their auditing duties as the entire environment of...
Why ERP Systems do not deliver?
Enterprise Resource Planning ERP solution helps re-engineer the organization of the company. ERP system is the center point of the company and an inevitable tool in making business decisions. With its built-in business intelligence, it helps us react quickly to unpredictable...
Benefits of Using Business Process Modeling (BPM) for Implementation of Manufacturing ERP
There are plenty of manufacturing businesses that are making wrong decisions in selecting an ERP solution and implementing that solution to have better efficiency. Thus, selecting and implementing an ERP solution has rather become a great concern for manufacturing companies. “Too...
Is it mandatory to implement ERP software with all modules at once?
Whether to have all the modules in an ERP software right from the beginning or not is a common question among ERP software users. The answer to this question is case specific. It is very difficult to generalize the answer for...
The role of BI (Business Intelligence) In an ERP Package
Business Intelligence is a collection of technologies, methodologies, processes, theories and architectures that transform raw-data into usable and meaningful information for businesses. BI can manage huge amount of data to help businesses to identify and develop opportunities. Businesses can have competitive advantage...
Why ERP Systems Fail
One of the recent ‘must-do’ practices if you want your business to succeed is the installation or consideration of an ERP system. While the idea of ERP systems are two decades old, it is only in recent years that they have been recommended for anything less than the big budget big companies, meaning increasing numbers of large companies and small to medium sized businesses are using them. But the success of a business is not guaranteed by an ERP system....
How to optimize ERP- ROI?
How to optimize ERP- ROI? Optimizing the costs involved in an ERP project is always the best approach for a better ROI. It is important to consider the ERP solution that fit your industry immediate needs and requirements. But beyond a catalog of best practices, the ERP experience shared by other companies are also a valuable source of information for the selection of an ERP solution. Mathematically speaking, reducing ERP investment means increased ROI. But the cost saving approach should not jeopardize its...
Is CRM part of ERP or a completely separate business software?
Some say CRM is part of ERP and some say that it’s in a totally different category of business software. The fact is, it’s a little of one and some of the other. There are five foundations that make the...
Why an Appropriate ERP Strategy Is Very Important
In this era of information technology, businesses are getting more and more interested in increasing overall efficiency and productivity of all the assets they own. Choosing a right ERP solution and employing some sophisticated ERP strategies can dramatically change the...
Taking on the Challenge of Replacing Your ERP
Some businesses still manage on ERP systems a decade old, but if you want to keep your company running at its peak, replacing obsolete software systems is a necessity. But how to make sure the transition does not take too...
Inventory Management Best Practices with Cox Hardware
See how Cox Hardware utilizes Inventory Best Practices for business success using Epicor...
The Best Approach to Meet Customers’ Demand Is Sticking To Basics
It’s true that the world has advanced to such a stage that everybody need to come up with something new to do business and to outsmart competitors in the marketplace. But bringing something new and being innovative doesn't mean you need to forget about the basics. Think about couple of popular catchphrases like “think out of the box”, “Keep it simple and sweet” and “pick the low hanging fruits first”. If there was ever a suitable time to consider the value and meaning...
ERP Systems are Not Just for Big Companies
How an ERP System is Useful For Smaller Businesses When people talk about ERP systems, they generally involve the larger businesses. But the concerns that big companies have, like improving efficiency and sustainable growth are also major points that stump small to medium sized company heads. These are exactly the things that an ERP system can help with. There are many challenges that the small business has to contend with. See how an ERP system can help the small business owner triumph...
