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Why is ERP important for your small business?

Enterprise resource planning, aka ERP, is a holistic software solution that helps you run and manage all the facets of your business, supporting automation, finance, human resources, manufacturing, supply chains, procurements, and much more.

In the most rudimentary sense, ERP is supposed to orchestrate everything and efficiently manage every aspect of business in an integrated way. However, a common misconception about ERP is that they are specially tailored for large enterprises. Yet, ERP solutions for SMEs are known to drive considerable revenues and streamline operations. Being a small shop has nothing to do with driving enterprise-scale business. So, in this blog, we are going to provide some convincing reasons why your small business can also benefit from ERP solutions.

 

No amount of data is too little for ERP

There is a general misconception that ERP is too much for a small business. Let’s debunk this myth together. Irrespective of the amount of data you have at your disposal, you must optimize and streamline it properly.

Moreover, manufacturing is a data-intensive endeavor, despite the size of your business. You need to have a tight leash over your cash, raw materials, personnel, and production capacity to ensure the optimum throughput.

Having no overarching data collection and optimization system will not only stifle your current business growth but also will nip at the bud every opportunity for future growth.

This is where an ERP solution shines. It gives you comprehensive insights into how all the cogs of your operation are performing. In a nutshell, ERP simplifies the mountainous task of meticulous data collection, allowing you to glimpse your critical performance metrics through real-time dashboards.

The benefits of ERP solutions for small business

The right ERP for your small business can achieve wonders. When tailored for small businesses, it can let you automate key business functions such as order processing, production and finances. Such automation frees up your staff to concentrate their energy on more crucial tasks than painstaking data entry. Let’s take a cursory glance at what it can achieve for you:

  1. It can deliver more jobs on time
  2. It can help reduce inventory costs
  3. It can eliminate all kinds of purchasing errors
  4. It can improve and enhance production efficiency
  5. It can significantly lower operation costs
  6. It can ensure simplified and error-free accounting
  7. It can help you build an effective sales team with more accurate quotes and estimates

ERP is a must for your business operation in today’s world. However, no one-size-fits-all ERP system exists, and it is better to find a customized ERP solution for your business. Today, many ERP vendors in the market provide ERP solutions for SMEs, i.e., solutions that will fit your business and budgets.

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Maximising Efficiency: How an ERP Solution Can Transform Your SME

Small and medium-sized enterprises (Otherwise known as SMEs) need to be laser-focused on garnering efficiency. Hence, when this business has to juggle multiple tasks, disparate systems and limited resources, all these can impair its focus on efficiency. This is where an Enterprise Resource Planning (ERP) solution can help you out. Here, we are going to take a look at how ERP solutions for SMEs can offer a transformative power to streamline operations and propel your small business towards growth.

How can an ERP solution help you maximise your business efficiency?

Let’s closely look at the strength of ERP solutions in maximising the potential of your business.

Breaking down the data silos

The first elementary strength of ERP lies in breaking down the data silos. What do we mean by it? Well, traditional businesses seem to rely on unconnected spreadsheets, applications, and a myriad of manual processes. This results in a clutter of data, which we would like to call a data silos. This kind of clutter hinders the information flow and obstructs the accurate decision-making. So, on the other hand, ERP systems centralise and declutter these data silos. It centralises everything onto a single platform. It helps you integrate data across departments like finance, inventory, sales, and customer services.

This unified view empowers you to track performance, identify the bottlenecks and react quickly to changes. All these factors, on the other hand, contribute to enhanced efficiency.

Sophisticated inventory management

It is time to bid goodbye to stockouts and wasted resources of all sorts. An ERP system can provide real-time inventory visibility. It can allow you to optimise stock levels, track product movement, and forecast demands accurately. Consequently, an ERP system can help you reduce carrying costs, improve delivery times, and augment your customer retention rate.

Unbound scalability

An ERP system is extremely scalable. As your business expands, your technology will also need to adapt. ERP solutions can do magic here. It can allow you to add many features as you grow. This eliminates the need for a complete overhaul.

Data-driven decisions

You should forget irrational hunches and gut feelings as a basis for your business decisions. Instead, it is the time to embrace data-driven insights. And an ERP solution can help you achieve precisely that. ERP solutions can gather and analyse data from every nook, cranny and corner of your business. This accumulating wealth of information can, in turn, help you plan everything from pricing strategies to product development.

As we have tried to explain here, the four above-mentioned aspects are the four pillars of ERP. All these can, in turn, contribute to enhanced efficiency for your business.

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How Can SMEs Benefit From ERP Integration?

Most small to medium-sized enterprise businesses are unaware of their requirements or where to look regarding business growth. Regardless of the size of the distributor or manufacturer you are, it’s crucial to maintain correct data. This plays a key role in the growth of your business. Here, ERP software comes into play. By installing this software, you can streamline your business process. From purchasing, accounting and financials, sales, inventory and customer ties to operations and human resources, you can manage it all.

ERP solution for SMES helps them to grow faster by focusing more on sales and high-tech developments instead of data management. Here are the advantages of installing software for SMEs.

Advantages of ERP Software Installation For SMEs

Boosts productivity

An ERP software stores all the master data of every sector, segregating the data for customers, vendors, products, routines and production work processes. So, this bunch of data minimizes the work of each sector to submit the data and lowers the risk of maintaining Excel sheets. This reduces the overall process time and boosts productivity.

Structured reporting

ERP software can manage all the manufacturing process data under a single roof so that you can get a complete data chart quickly. This software can generate useful data reports and analytics at any point in time. This also minimizes the risk involved in checking data to generate the final report.

Reduces the cost of data management

ERP solution for SMES minimizes IT costs by managing the data of all departments in a single platform. It helps to minimize the spending resources on various systems that need competent workers, support teams, infrastructure, and licences. ERP software can also reduce the training need of the end users.

Improved efficiency and clarity

By minimizing the time required to manage data, ERP software boosts the efficiency of workers using single data management platforms. This also improves data accessibility and ensures top-notch efficiency when tracking interdepartmental processes. This allows the management team to easily access data from all sectors daily, weekly and monthly.

If you want to take full control of your small business operations in a single platform, you should rely on us at Biz ERP. Being one of the most reliable ERP solutions, we maintain uniformity in project execution and organizing the process of production. We have years of experience offering effective solutions for your clients and helping them reach their business objectives. To know more, go through our website.

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Few Useful Tips for Optimum Maintenance of ERP for SMEs

In an age of digital transformation, automation is the key factor in focus for different industries. It is a crucial factor that can ease most of the work of an office. One tool that has contributed positively in this field is ERP or Enterprise Resource Planning system.

 

Importance of ERP Maintenance:

Being in the control of an organisation, you should get to know some basic things. One of the important ones among them is regarding the maintenance of the system. Mere implementation of the ERP is not enough. You must keep in close touch with the experts to maintain the whole system. This will help collect, store and process data smoothly.

 

How to Maintain an ERP System for Your Enterprise?

When implementing ERP Solutions for SMEs, you must follow some important things for optimum maintenance. We discuss some of these in the next part of this blog.

 

  • Analyse the Internal Resources: Most organisations have a dedicated IT Team. They are capable of performing all the work related to ERP maintenance. However, if your office does not have such a team, you should rely on a third-party vendor or contact the ERP vendor directly. They generally offer an annual maintenance service, which would probably match your budget and technical requirements.

 

  • Update the Software: Like any software, ERP needs to be updated occasionally. This gives you additional features, plugins and technical improvements, resulting in a smooth operation. Before going for the updates, you should learn more about the current version. Keep an eye on the software updates that remove the bugs from the ERP. Software upgradation is also necessary for improving the navigation and other user enhancements of the software.

 

  • Ensure Security Maintenance: An ERP System comes with several security protocols. You should give importance to all these protocols, as these are crucial in preventing Cyberattacks. When your ERP solution gets outdated, the chances of these attacks increase. It is important to keep your software updated to keep it in tandem with the current security maintenance protocols.

 

These are some important points for ERP Maintenance that you need to know. To source a full-blown ERP Solution for SMEs, you should trust a reliable source like BizERP. We can implement a technically upgraded modern ERP System that matches the requirements of your enterprise. We have had a positive reputation and have served a number of small and medium enterprises. To learn more about us, you can visit our website today.

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How ERP can be instrumental in solving the problems of SMEs

Despite being the backbone of the economy, SMEs constantly face various difficulties. There are various hurdles, including market competitiveness, reporting requirements, strict budgets, compliance, etc. As the future of work is in small and medium-sized firms, meeting their demands and difficulties becomes essential. Let’s examine some unique issues faced by each industry and the issues faced by SMEs.

 

Know the Problem-Solving Solution of SMEs 

  1. Manufacturing Industry Challenges – With rising customer expectations come more complex production processes, a lack of available space and a need to obtain raw materials. The biggest obstacles are managing enormous amounts of data and obtaining useful insights into logistics, standard costing, supply chain, etc.

Additionally, the COVID-19 pandemic made contactless transactions necessary and the ‘business online’ notion an attractive trend. Due to this, SMEs engaged in manufacturing online and faced competition challenges. Closing down was one option and becoming digital to compete was another.

 

The Solution: ERP for Manufacturing Companies – ERP for SMEs was created as a last-ditch effort to reduce management burdens and enable real-time operation of all operations in manufacturing enterprises. Additionally, ERPs are neither expensive nor complex. Manufacturing SMEs could conduct their business operations with employees who just needed a basic understanding of IT. ERP for the manufacturing sector gives businesses the ability to:

  • Use reliable, business-ready ERP software.
  • Streamline your primary production procedures
  • Adapt to current and future company needs

 

  1. Pharmaceutical Industry Challenges – Pharmaceutical firms were heavily involved in COVID-19 and broke records by creating potent vaccines. The pharmaceutical sector faces difficulties like the following as it expands:
  • Medication monitoring
  • In charge of GMP compliance
  • Integration and streamlining of processes

 

The Solution – ERP for Pharma Companies – To track data, manage batch testing and boost productivity, your pharma business needs an all-in-one software solution. Benefits of ERP for the pharmaceutical business include:

  • Automated manufacturing
  • Process management
  • Development of quality and production reports
  • Report evaluation
  • GMP conformity
  • Traceability
  • BMR and BPR management in real time

 

  1. Challenges Faced by the Trading Industry – The need to coordinate all functional activities is growing. This includes managing, moving, classifying goods, conducting receivables and ageing analysis, and monitoring sales orders and invoicing.

The Solution: ERP for Trading Companies – ERP for trading companies makes tracking and managing products in the pipeline simpler. This automated system is capable of handling supplier or manufacturer leads effectively.

For ERP Solution for SMEs, BizERP is a wise choice. It is a management tool for small to medium-sized businesses. One of the nation’s most dependable ERP options is Biz ERP. Contact us to know more information.

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Solve Various Issues In The Garment Industry With ERP Software

Digital disruption is quite common in the garment or fashion industry as you have to take care of labour, product sourcing and supply chain to sales. Fashion brands require a digital mindset to fulfil the unique needs of their customers. Garment manufacturers have to effectively respond to rapid changes which impact their finances, operations and production. If you are a part of the garment industry, you have to be flexible and take the necessary actions to increase operational efficiency, financial flexibility and productivity. You can choose the right ERP for the garment industry if you know the major problems faced by manufacturers.

Common Issues Faced By Garment Manufacturers And How Can ERP Software Help

  • Look After Customer Shifts

It might become a challenge for manufacturers to progress with proper inventory levels if they can’t follow consumer behaviour and how their preferences are changing. They will require more raw materials, labour costs and quality control if there are fast turnaround times for small orders. If manufacturers can’t keep themselves at par with the quick change in demand, the cost of the entire supply chain will increase unexpectedly. You can integrate information and processes with fashion ERP software. You can even expect better levels of collaboration.

  • Product Sourcing

Cost-effective product sourcing has become an integral part of the fashion industry. Businesses sourcing internationally might have a tough time keeping at par with the trade regulations, politics, and financial and culture issues. Keeping up with these issues is necessary to ensure the success of a business. Choose the right ERP for Garment Industry and you can track and manage the costs associated with production and raw material sourcing. It also includes tariffs and transportation. You can even ask the company customising ERP solutions to add a vendor portal solution which will automate the process.

  • Minimise Waste

If your focus is on sustainability and minimising waste in the garment industry, start looking for a reputable company designing and developing ERP software. It has become mandatory for fashion businesses to incorporate sustainable practices which will help them reduce their carbon footprint and fight against waste generation. ERP software for the garment industry is specially designed to manage and control costs during the manufacturing process and reduce the usage of raw materials like fabric scraps. You can even reduce labour costs and increase garment manufacturing efficiency.

Since you are now aware of the common issues faced by garment manufacturers and how an ERP software can help, it’s time you customise your Biz ERP software.

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Need ERP For Machinery Industry? Few Features To Look For

The machinery manufacturing industry is quite complicated as it involves manufacturing heavy industrial equipment across various industry segments. Not only is the manufacturing process complicated but every machine has different requirements. To manage the task individually, the entire process is divided into different projects till the final product is produced. Sometimes, they also have to cater to complex and unique orders.

To keep the production cost low, manufacturers have to meet all the requirements quickly. Enterprise Resource Planning is an easy way to manage various aspects of project management, manufacturing and finances. They have to invest in ERP software which is specially designed to handle all the manufacturing requirements and the entire manufacturing process. You can ease the machinery manufacturing process by ensuring that the ERP software has vital features.

Few Vital Features Of An ERP Software For the Machinery Industry

  • Quotation And Estimate

The in-build quotation management module in ERP software allows manufacturers to track and respond to RFQs quickly from a centralised dashboard. They can use real-time visibility to build accurate quotations quickly. They can get instant access to existing inventory levels, vendor prices, machine availability and BOM. They can track and submit the quotes quickly to their customers and convert approved quotes to sales orders.

  • Plan Material Requirement

Machinery manufacturers have to deal with material procurement and movement across the supply chain. If they want to maintain the appropriate amount of inventory, they need complete control over warehouse management, inventory management and MRP (Material Requirement Planning). ERP for Engineering & Machinery is specially designed to predict material requirements depending on forecasted demand and existing sales orders. Every time there is a shortfall in materials, the single-click RFQ generation triggers the automatic purchase of materials.

  • Service Management

The in-built service management in ERP software ensures manufacturers stay on top of quality and service management. There is a comprehensive customer portal where customers can raise issues they are facing with the manufacturer. They can also view service status, past order and service history, warranty details, invoice and quality management, shipment history and tracking. Service personnel can schedule service requests and access the commonly shared calendar. They can also scan receipts with their tablet or mobile phone.

Since you are now aware of the features to look for when customising ERP for the machinery industry, it’s time you get in touch with the experts at LNSEL and invest in Biz ERP software.

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Top 5 Industries That Use ERP Solutions for Daily Operations

Enterprises often look for steady, smart, and efficient solutions to smoothly carry out their daily operations. These activities can include anything and everything that they need to perform daily. From accounting to keeping customer details – you can perform a wide range of tasks flawlessly with modern enterprise resource planning or ERP Solution in Kolkata.

This solution is highly popular and extremely useful for different industries. Today, we will talk about the top five industries that have been using the ERP program since its introduction in the market and have achieved a lot of benefits.

Which Industries Use ERP Solutions Most

  1. Garment Manufacturing
  2. Engineering and Machinery
  3. Food Processing
  4. Leather Manufacturing
  5. Transport and Logistics

How Can ERP Solution Help These Industries?

ERP solution helps these industries in their day to day operations, including handling clients, delivering products, managing employees, tracking production and transportation.

The main objective of this solution is to streamline the entire operation of an enterprise by keeping all the relevant and crucial data in one place that can make accurate reporting possible in every sector of the business. This can create a data-driven, efficient and collaboration-based work environment that will ensure rapid growth and lucrative ROI for all these industries.

Improve Operational Efficiency of Organisations

ERP solutions are designed and developed to increase organisational and operational efficiency by monitoring and improving the utilisation of company resources at every step of the process.

How to Choose the Right ERP Solution?

There are a lot of companies that claim to design and develop quality ERP solutions for diverse industries. It is required to choose one with vast experience, highly qualified developers and in-depth knowledge about the process of software development.

Bespoke ERP Solutions

Top companies like BizERP always create bespoke solutions for clients to match their diverse and unique requirements in business. This involves a complex development process. Only skilled and experienced software developers can handle such projects easily.

These solutions are designed to perform specific tasks based on industry-specific working methods. Thus, perfect results will be guaranteed, and you can carry out your daily operations smoothly and efficiently.

For more information about our solutions, please get in touch with our team.

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Improve The Manufacturing Process With The Right ERP Software

Almost every manufacturer wants to create an effective workflow process which will help them maintain productivity levels, fulfil the requirements of their clients and increase their business. The demand for customised ERP for the manufacturing industry is gradually increasing. It is one of the easiest ways manufacturers can streamline various manufacturing operations and increase efficiency.

The right software will also help in boosting productivity, improving lead times and easing inventory management. Few of the vital tasks undertaken by manufacturing companies are inventory management, tracking materials and Billing of Materials. Most of the tasks undertaken by manufacturing companies require flawless coordination and communication across various departments and levels.

Few Ways ERP Software Can Help In Upgrading Manufacturing Processes

Streamline The Management Process

Since various products are made during the manufacturing process cycle which is delivered to the customers, maintaining product inventory is an integral part of the industry. Manufacturing companies should have the right materials in adequate quantity to complete the manufacturing process without any hassle. Various issues might arise if product inventory and materials management don’t go hand in hand. You can upgrade various processes automatically with the right ERP software. 

Prepare For Customer Demand

Some companies prefer tracking data in a manual manner instead of relying on ERP software. It becomes a challenging task for them to understand the level of inventory required. Once the forecasting department starts using the software, they can make a more informed decision. ERP for the manufacturing industry will keep them informed about changes in customer demand. They can use real-time and previous data to forecast the demand for customers in the future without much effort.

Collaborate With Customers and Suppliers

Various manufacturing processes will improve if there is an efficient collaboration between customers and suppliers. You can consider using Enterprise Resource Planning to reduce response times. There will be uninterrupted internal communication between various departments in the same organisation. It will also improve the collaboration between the stakeholders.

Since the manufacturing industry can benefit in so many ways with the right ERP software, it’s time you get in touch with the ERP experts at LNSEL.

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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.