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3 Ways EPC Companies Can Benefit With ERP Software

If you want to manage various business functions using the same platform, it’s time you start looking for a reputable company developing ERP software for EPC companies. The objective is to get operational efficiency and better transparency. Not only will the software help you manage the issues on your premises but even your employees can connect remotely using VPNs. Numerous remote workers can stay connected, which is a blessing in disguise for EPC companies. They can keep themselves updated about job costs, project documents, budgets, contracts and payroll. They can use their mobile devices to enter data and sync the information to the cloud system.

Few Benefits Of ERP For EPC Companies

Manage Project Schedule

Two vital aspects of every EPC project are project planning and scheduling. EPC organisations can lose clientele and money in the form of labour costs if they fail to complete their targets on time due to inefficient planning. Project planning and management will become easier with the right ERP Software. Managers will have more control over the project to efficiently plan the tasks and follow them. They can even track the project’s status, delegate assignments and create milestones.

Estimate Revenue

EPC companies have to follow legally binding contractual agreements when providing services. Generally, they start bidding for a tender after providing an estimated cost of the project. The customer considers the firm’s reputation, the proposed quotes and the proposed design before choosing the most suitable bid. ERP for EPC companies is specially designed to make it easier for them to provide accurate quotes for raw materials, design and human resources. They can even use it to calculate accurate revenue.

Inventory And Materials

Managing inventory and materials is a complicated and time-consuming task for EPC companies. They can ease the procurement of materials, planning and storing, real-time inventory tracking and timely disposal with customised ERP software. Using one almost becomes necessary when working on multiple projects. How the materials and inventory are managed determines the profitability of an EPC company.

Since ERP software can benefit EPC companies in so many ways, it’s time you get in touch with the experts at LNSEL for Biz ERP.

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Top 4 Mistakes to Avoid While Selecting an ERP Software for Food Processing Industry

Enterprise Resource Planning software is a core requirement for modern-day businesses. It comes with a single integrated database that helps streamline operations. Productivity increases with greater efficiency and output. However, people commit a few common mistakes while implementing the ERP for food processing industry. In this blog, we will discuss them in detail. It is necessary to find the best solution suited to the business.   

Mistakes to Avoid During  Implementation of ERP for Food Processing Industry

1. Only look at big names.  

Most organizations start ERP selection with a list of the biggest companies. They go with reputable names in the ERP market. Big-name vendors are indeed reliable, but they might charge extravagant prices for it. Often their products might not be a good fit for your medium scale business. You should not determine ERP selection by considering the business name; rather, the quality should matter. With small vendors, you can opt for customization and frequent changes without hassle.     

2. Thinking All ERP Solutions Are Same

This is not true at all. Businesses often mistake the ERP software as a one-kind-fit-all system. It works differently for different businesses. Each ERP software comes with various modules as per the company need. The features and benefits also differ. At first glance, it might seem like the two solutions are exact. However, they vary considerably. Moreover, each ERP software is designed to meet the requirement of a particular company. It cannot work for other types of business workflow.  

3. Keeping an undefined scope  

A large part of the ERP selection process is to look across the organization’s depth. You should try to understand better the workflow and processes that can be automated with the software. You should assess the areas for improvement and the exact business needs. The ERP selection process should begin after you have cleared all these aspects. This way, you avoid potential mistakes and repetitions. It is advisable to talk to the internal team members to analyze their needs. On the other hand, ERP vendors will be eager to sell you the software, but you should not rush. It is critical to know your needs before finalizing the ERP software implementation.  

4. Budgeting  

Most businesses do not decide on a budget while selecting the ERP software. Also, the estimated price might need to depict the total ownership cost. There are additional costs linked to it too, such as –  

  • There may be the case for custom changes or complex integrations
  • You might need project management on the side 
  • Costs for data migration can cost additional money    
  • The cost associated with a network structure, connectivity and device can also get costly.  

Since you know about the common mistakes people make while selecting the ERP software, you can be careful about the same. This way, you can find suitable software for your business model.

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Things to Consider Before Implementing ERP for Garments Industry

Garment industries benefit in manifold ways by implementing ERP software. It brings efficiency to the overall business process and production line. However, every company should keep certain factors in mind while implementing the ERP for garment industry.

ERP systems form the backbone of every modern business. The integrated management framework strengthens functioning within an organization. Overall, it helps prevent supply chain disruptions and cut down company costs.   

ERP Implementation for Garments Industry  

The following tips can help organizations select the right ERP vendor and implement the system without hassle.  

1. Understand business goals  

Before installing a new ERP solution, you should know the company requirements. Certain points should be clear-

  • How will the ERP benefit the company?
  • What problems can the ERP software address?
  • What function will each module serve?

You can proceed once you have answers to all these questions. Prepare a comprehensive document that mentions all your business needs. You should know the business goals before starting with the implementation process. Since your business is specific, the ERP system should also be the same. Keep track of the progress to assess if the ERP is aligned with the business objectives.  

2. Understand the functionality  

ERP systems help streamline business operations. Industry-specific ERP solutions can help your company reach maximum potential. But to utilize it, you should take time to understand it.  

The right software provides support at every stage of the process. It is advisable to map every specific functionality of the ERP software. You can then tailor it as per the company’s needs and requirements. Once you know the most of it, you can utilize its complete capability.  

3. Track data  

For the ERP software to run successfully, data integrity is necessary. You should ensure to track the data at every stage. Assess the policies that are put in place to perform this track. Besides, you can systematically archive all unnecessary data that are no longer relevant.  

4. Generate realistic timeline

Businesses recommend this for realistic, timed implementation of the ERP software. Be careful not to rush through the process. If the module implementation fails, it will affect the entire system.  

5.Plan for the future 

While implementing the ERP software, you should consider future requirements. If you migrate to the cloud, check if it aligns well with business functionalities. Implement the ERP software that can be customized if future changes are needed. ERP systems also enable the use of analytical data and simulations. Hence the software can seamlessly identify future concerns.

Ask the vendor if the system thrives beyond implementation. It should be able to anticipate shortcomings like any other strategic tool.  

BizERP provides complete ERP solutions for the garments industry. We help small to medium enterprises manage their business efficiently. Visit the website to know more.

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Benefits of ERP for Iron and Steel Manufacturing Industry

ERP or Enterprise Resource Planning is suitable for small and large scale manufacturing units. At the steel industry, it can serve several useful purposes. The ERP modules integrate production units, distribution and supply chains. As a result, major iron and steel corporations are adopting ERP solutions. It helps optimize and streamline operations for smooth functioning.

Benefits of ERP Software for Iron and Steel Industry  

1. Multiple Planning Strategy

Steel and iron production requires strict plans and strategies. Stocking long sheets, bars and other products require extensive documenting. The workers do costing for ‘made to stock’ on standard approaches. However, for ‘made to order’ goods, it depends on order nature and material requirement. Hence, the robust ERP software can handle such complexities efficiently.

2. Handling Product Variation

Over decades, steel and iron grades have improved considerably. Today the rising demand for goods has forced companies to focus on innovation. Changes in product grade imply changes in raw material configuration. The ERP software enables the manager to design components depending on the order. They can manage every process, from sales orders to finished goods.  

3. Business Forecasting  

Market forecasting is important to cater to multiple customer demands in the construction and automotive sectors. Since the ERP software promotes business integration, it can also accurately analyze business trends. They perform predictive modelling based on business requirements.  

4. Variable Production  

Iron and steel industries undergo production in batches. They do continuous processing for high-end finished goods. For example, the converter and blast furnace in the factory work in batches. The caster works for individual units while the finishing lines work in batches.  

The workers make the batch selection after understanding the order requirements. They also plan out shipments and transportation. The ERP software will support the variations in production. They handle automatic batch selection based on factors like the following

  • Order volume  
  • Raw material availability  
  • Production scheduling  
  • Due date of shipment  

5. Critical Data Management

ERP software allows the seamless flow of information to workers across all departments. It boosts the efficiency of the steel and iron factories. Moreover, it offers complete transparency to the organizational heads. They get a 360-degree view of critical processes and data in the system.  

 

6. Cost Controlling  

ERP software implementation enables companies to control costs during finance and accounting. Optimum management helps them manage project budgets and other costs. This way, major business operations benefit in manifold ways. The steel company handle administrative procedures via ERP software. All this lets them cut down significantly on prices.

BizERP offers customized ERP software for steel and iron manufacturing industries. Get in touch with the experts to know more.

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Understanding the Business ERP Modules and Their Benefits

Gone are those days when businesses managed their data on paper or spreadsheets. Today, they rely on Business ERP solutions, tailor-made as per the company requirements. The tool automates critical business processes and serves as a shared database. It pulls in data from different departments and into various modules.  Hence, the employees get access to information whenever possible.

The ERP software serves as a single source of data for all workers. It is cross-functional that supports smooth business operations without hindrance. The centralised database promotes faster decision-making via automation. This way, you can reduce labour costs, minimise errors and enhance productivity.

Common Modules of ERP Software

Every ERP Business Software consists of common modules built according to company objectives. The modular design provides data and supports the processes for employees to perform their tasks.

Some basic ERP modules are as follows –

Human Resource

This module helps the HR team to manage their HR tasks. It serves various functionalities such as –
• Storing employee information
• Tracking their records
• Monitoring performance reviews
• Job designation
• Job description
• Leave schedule
• Attendance tracking

There are sub-modules under this like payroll management, reports etc. You can use it to check employee travel and medical expenses, reimbursements and more.

Inventory Module

This module is advantageous for companies like garment and leather manufacturing. You can use it for the following –
• Store data about the item’s stock
• Easy identification with unique serial numbers
• Supply and demand control
• Shipment tracking
• Stock utilisation reports
You can integrate it with other modules for productive outcomes.

Sales and Purchase Module

The module takes care of typical sales process in an organisation like –
• Handling sales queries
• Quotation drafting
• Accepting orders
• Drafting invoices with proper taxation
This module helps you perform the tasks without fail. It enables you to keep track of pending sales orders, parcel shipments and more.

Purchase modules, on the other hand, take care of tasks like-
• Procurement of raw materials
• Managing supply/vendor listing
• Sending requests to the vendors
• Receiving quotations
You can track the purchase of business products and update the stocks.

Customer Relationship Management

The CRM module helps boost business engagement and sales performance. It lets you maintain continuous customer service. You can establish a healthy relationship with your clients by responding to their problems. You can track detailed information about them, like their calls, purchase details, etc. It will help the business benefit from future sales opportunities.

Get your business ERP solution designed by the experts at BizERP. We design the best ERP modules for an end to end business management.

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The Ultimate Guide to Buying Business ERP Software

It is imperative for any modern business to have an ERP software. It keeps the business operations updated and consistent. The design of the system makes it capable for handling complex business operations. This is possible by integrating information in a single, centralised database.

Robust  ERP software for small, medium and big companies can be utilised, to streamline end-to-end business management.

The Function of Business ERP Software

The ERP software consists of distinct but connected components/modules. They are designed to carry out functions belonging to a particular business process or department. The different modules are customer relationship management or CRM, inventory management, finance etc.

It has a shared database that contains information about your business. It supports the core integration of data to ensure the unhindered execution of complex procedures. The manufacturers can add diverse modules to the ERP system by drawing on this shared data. It facilitates workflow automation and tracking, promoting smarter and faster decision making.

A differentiating factor for ERP software is the integration between modules. For example, the sales order created in the CRM module is shared with the production module. This way, workers in the manufacturing department will have information about the product. After the shipment of the product, the data gets added to the inventory management module. Finally, they can check the costing in the accounting module.

Top Reasons to Buy ERP Software

The two reasons why companies choose an ERP system are as follows – 

  • The existing system does not allow the business to conduct simple, smooth work.
  • Due to growth, adapting to modern systems is necessary. It helps reduce production and labour costs. The business benefits from automation.

How to Buy the ERP Software

Before choosing ERP software, you should consider these factors.

  • Researching and selecting the vendors
  • Defining your objectives
  • Assessing your requirement
  • Setting up a proper budget
  • Building an ERP taskforce
  • Navigating through demos
  • Choosing between On-Premise, Cloud or Hybrid ERP
  • Securing the proposals

ERP Implementation

You must pay attention to the whole ERP implementation process. The team should help through the stages – from conceptualisation to post-implementation support. They should assist you when the system needs an upgrade or replacement. Data migration takes up a lot of time. The experts from reputable companies like Biz ERP ensure that every process is done professionally. They check if the ERP system can fit into the business model with minimal disruptions.

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Implementation of ERP in Manufacturing Industry

The implementation of modern ERP in manufacturing industry is not a new idea. However, with the introduction of new-age technologies and fresh challenges that industries currently face, the designers and developers of ERPs try to make their solutions more effective than before.

How To Make The Implementation Successful?

There are two key components of this implementation process. One is the company that designs and provides the implementation service, and the other is the company that obtains this service. A perfect balance and professional approach between these two companies is the key element of successfully implementing ERP for the manufacturing industry.

  • The company that designs and develops ERP solutions must understand the requirements of the companies that will use the technology.
  • The company should have ideas about the general work process of the manufacturing business and the current trends.
  • Their knowledge regarding the needs of people involved in the manufacturing business will help them produce perfect solutions.
  • There must be a combination of knowledge about the software and knowledge about the manufacturing industry.
  • Both entities need to understand each other’s requirements to make the implementation work and be long-lasting.

ERP in Manufacturing Industry

Functionalities of ERP in Manufacturing Industry

A wide range of functionality is typically included with the successful implementation of ERP, but some of the major ones are;

  1. Inventory management, raw materials, logistics, material movement, and transportations, warehouses
  2. Serial number management of products and raw materials or boxes, material requirements planning, and physical inventory counts
  3. General accounting solutions like general ledger, accounts payable, accounts receivable, cash flow management, fixed assets
  4. Engineering, routings, bills of material, outside services, engineering change control
  5. Integration with CAD systems, quality management, configuration management
  6. Sales orders, forecasting, quoting, shipping, and invoicing
  7. Event management, tracking of workflow, reporting, business intelligence tracking

Steps for ERP in Manufacturing Industry Implementation

Project Initiation:

It is necessary to set up the project’s infrastructure, including identifying the team, setting the budget, and project management tools to monitor the progress of the entire project.

Training and Data Conversion:

The team present at the manufacturing company should get baseline training regarding the ERP solution they will use. At this same step, the initial data conversion process will also start.

Process Development and Testing:

Development and testing of the process is the next step in the implementation program. Two teams will start working together to make the implementation process well-developed and test it to ensure seamlessness.

Go Live:

Once all the testing procedures are done, the project will go live to daily operations in the manufacturing industry.

Biz ERP offers complete ERP solutions for manufacturing companies. Please get in touch to know in detail about our solutions.

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Support Your Garments Business During The Pandemic With An ERP Software

A few factors that have affected numerous companies’ productivity during the pandemic are a disruption to work, loss of person-hours, and downtime. Some of the companies have allowed their employees to work from home, resulting in serious flaws and deterioration in the quality of their work. Most importantly, an easy way you can support your business during the pandemic is with ERP software.

Impact Of Pandemic On The Garments Industry

One of the industries which have received a heavy flow in productivity is garments manufacturing. During the pandemic, numerous things were delayed, like discussions, approvals, productivity, support, payments, and invoices, finally affecting the cash flow. Therefore, an easy way you can support your garments business during the pandemic is with ERP software.

How Can The ERP Software Help?

The primary task of ERP software is to integrate all the core processes into one system. Most importantly can boost the productivity and efficiency of your business operations. A few of its important modules are,

  • Marketing and Sales
  • Finance and Accounting
  • Supply Chain
  • CRM
  • HR
  • Purchase
  • Manufacturing
  • Asset Management

Numerous business owners could realize the importance of ERP software during the pandemic. Coronavirus is a global crisis which had affected businesses worldwide. However, some countries have lifted lockdown and other restrictions. As a result, they still have to follow some preventive measures. There is a lack of cash flow, and liquidity is at stake.

Garment Industry

Choose The Right Company For ERP Software Development

If you don’t want your garments manufacturing company to shut down, you should start looking for a company offering ERP for the garment industry. You can use it to automate regular tasks of your business and integrate key operations to improve performance and ensure uninterrupted productivity. The software will digitize your business so you can work remotely without any hassle.  You can analyze performance, transfer data, evaluate business profitability, approve things, make faster decisions, and monitor progress.

Few Benefits Of Choosing The Right ERP Solution

Keeping your business running during the pandemic will become easier with the right ERP for Garments Manufacturing. Firstly, you can use it to administer business operations; secondly, automate regular tasks; thirdly, generate one-touch reports, transfer data; in conclusion, fetch real-time information. And keep your productivity intact. However, you can use the software to employ business intelligence and artificial intelligence, reduce your efforts, improve operational excellence, and eliminate vulnerabilities. Few more benefits are,

  • Make decisions faster
  • Automate the reporting process
  • Reduce online security risks
  • Protect data and privacy
  • Proficient operations
  • Feature-rich dashboards
  • Notification and alerts
  • Better control over finance
  • Access controls

Since ERP software can be so beneficial for the garment industry during the pandemic, it’s time you customize the Biz ERP software offered by LNSEL.

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What are the Benefits of Using ERP in the Food Processing Industry?

ERP software is flexible and powerful business software that helps in the smooth running of the business units. The uses of ERP for the food processing industry have proved to be beneficial. Food industries generally engage with catering to customer’s service needs. Apart from serving the customers, they also need to deal with inventory management, food safety, and distribution and billing. Most importantly, the ERP process comes in handy in this industry as all the details keep intact for a consistent flow of information.

Using ERP for SMEs in Kolkata becomes a trend. To keep control over the business operations in any industry, ERP is of paramount importance. Similarly, to understand the importance of ERP in the food and beverage industry, read on and check the benefits.

Why is ERP Essential in Food Processing Industry?

The answer to this question lies in three major aspects: complying with regulations, product traceability, and quality control. In the food processing industry, these three aspects are of vital importance. Using an ERP system helps to keep a smooth flow at work. Here are a few benefits of the ERP process lists here.

ERP for Food Processing Industry

Ensures inventory traceability for Food Processing Industry

ERP software helps in storing data related to the food product, labeling, packaging, and distribution. As a result, it helps in the traceability of the products and ensures a smooth supply chain process. Thus you can assure that the food processing is taking place at a safe pace.

Raw material management

ERP software helps companies to avoid excess wastage of materials during the production process. It, in turn, improves the quality of the processing units. As soon as the wastes reduce, you will get a high-profit turnover in the company. This allows the food processing units to produce more and keep overstocks to satisfy all the time.

Ensures quality control for Food Processing Industry

ERP software installed within the food processing companies ensures that the food products are labeling effectively, tracking ensure, and detailed documentation has been done. This helps in eliminating the risks of the food materials getting contaminated.

Consistency in recipe management

ERP systems keep track of the recipes that are using for the production of food products. However, if a company keeps changing its recipes, then its quality might go down. With a good ERP system in place, this issue will not arise. The recipes are storing in the system so we can maintain that consistency.

Biz ERP generates ERP solutions for all types of industries. With our ERP software, you can ensure that you will stack all your relevant data safely. Our ERP solutions are highly trustworthy and help the industries to make confident business decisions.

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Effective Ways to Select The Right ERP Solution For Your Small Business

When it comes to small businesses, you should find the best ways to ensure enhanced functionality and organisation. Moreover, ERP is a robust automated solution that helps businesses robustly manage their resources and operations. Most importantly, the decision to choose the correct ERP solution is challenging. However, a successful implementation is necessary for an end-to-end impactful outcome. 

What is an ERP Solution?

ERP implies Enterprise Resource Planning.  Moreover, it serves integrated streamlined functioning, based on automation; to manage core tasks such as the following –

  • Lead Building
  • Finance
  • Manufacturing
  • Service procurement
  • Human resources
  • Warehouse Management
  • Compliance and Supply chain management
  • Recruitment
  • Customer relationship building
  • Risk Assessment

Each of these ERP modules will focus on one business area, which facilitates better work output. As a result, the single database access brings unhindered communication and cooperation between employees. Most importantly, it is real-time, consistent and updated. You can store it on-site or on cloud integration. The input of AI and Machine Learning helps with standard advanced business processes. Most importantly, it eliminates human intervention and repetitive manual errors. 

How to Choose the Best ERP Solution for Small Businesses?

Knowing the requirements

Before venturing out on a search to find the ERP solution for small business, know your necessities. It is essential to ascertain that your business needs organisational help. Firstly, however, you should identify the problem areas to address them effectively. Next, Secondly, ensure whether the ERP system can fulfil all requirements adequately. Then, lastly, list down the business areas which need streamlining through integration and automation. Moreover, you can narrow down your choice of ERP.

Understanding business growth

It is very crucial to understand small business ambitions. ERP is a long term investment. Hence it should encourage more business growth. It should work at par with business planning for profitable results. As a result, it should fulfil your present and future goal objectives. 

ERP Solution

Operation in real-time

Real-time data updates are important, especially for small businesses. Firstly, choose a cloud-based database instead of an in-house networking solution. Secondly, you can get these options for the ERP on a sliding scale. Most importantly, this is how small businesses can afford ample data storage.  

Identify the type of ERP Solution.

  • Industry-specific- You can tailor make this software as per the industry where you are working
  • Web-based – This is a cloud-based software and open source. The business gets remote access from any place.
  • Small businesses – It helps small businesses with order management, human resource management and more. It is also a cost-effective system as compared to the others.

Focus on finances in ERP Solution

Accurate spending is vital for small businesses. Proper financial management defines business success. Buy an ERP system that focuses on finance management.  However, look for features like profit tracking, cash flow report, supply chain reports, invoice tracking etc.

Consult BizERP for an end-to-end small business management solution. They provide superior features which help in streamlining operations for integrated performance.