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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.