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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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The Role of Cloud-Based ERP Solutions in the Growth of SMEs

The demand for Enterprise Resource Planning or ERP solutions is huge in the current scenario. The proper use of this application can ensure a better and effective way of doing business and handling daily operations. ERP solutions have become almost indispensable for various businesses, including Small and Medium Enterprises (SMEs)

However, in India, one can notice reluctance among SMEs to adopt this technology. One of the reasons is that you have to spend a lot of money to buy and manage ERP software and hardware. But that is not true in all cases. Many small and medium-sized businesses have found that using cloud-based ERP is a cost-effective and flexible alternative. There are many benefits of availing ERP Solution for SMEs, which make the price of this solution reasonable, even minimal on some occasions.

Benefits of Cloud-Based ERP Solutions for SMEs

Custom Made Solution

When you approach the top ERP Software Company in Kolkata, you can obtain custom applications to match the specific needs of your business. Hence, you can get what exactly you need within your budget. The flexibility of the software will allow you to expand your daily operations to achieve your goals easily.

Minimize Initial Investment

Instead of getting on-site ERP solutions, you can opt for cloud-based ERP for your business and save a good amount of initial investment cost. Cloud-based ERP system offers great assistance to small and mid-sized businesses by saving them from the substantial initial investment.

Cloud Based ERP Solution

Better Security

Companies that design and develop ERPs always pay attention to the security matter of their clients’ data. It will monitor the entire process and will keep the data securely in the cloud network. The integration between the application and supported process and data is not an issue.

Reduce the Application of In-House Technical Staff

The use of cloud-based ERP solutions for SMEs means minimizing the need to hire on-site technical staff. It will save a good amount of monthly expenses for small and mid-sized enterprises, which is a big matter. With the cloud, there is no need to install and maintain additional hardware, eliminating the need to hire an in-house technical team.

Low Maintenance Cost

Most of the companies offer one-year free maintenance for their ERP solutions for the first year. Later also you can enjoy flawless and regular maintenance of your cloud-based ERP system at a competitive cost.

Biz ERP offers state-of-the-art technologies for new and smart businesses. We are a reputable ERP Software Company in Kolkata. For all your queries, please get in touch with us.

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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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How To Choose The Best ERP Solution Strategy For Your Business

An easy way to encourage collaboration in your company and increase efficiency is through an ERP solution.  Most importantly, Enterprise Resource Planning is software that helps manage the various business processes for someone not aware of the term yet. Moreover, your company can automate all the back-office functions by using a system of integrated applications. According to a recent survey, more than 80% of the companies have implemented the software in the last few years.

2 Common Types Of ERP Solution

Cloud-Based ERP

Firstly, it is a full suite ERP solution comprising all the vital modules. Secondly, you can either pay a monthly fee or as per your usage. The ERP Software Company in Kolkata will keep the software on the server and access it remotely. In conclusion. there are numerous small, medium, and large-scale businesses using the cloud-based ERP.

Web-Based ERP

You can use the internet to access the entire ERP solution or the desired modules through web-based ERP. However, the primary difference between the web-based and cloud-based ERP is that the former does not require any software or hardware at the client’s end. You can use an HTTPS link to access the system within a web browser. Therefore, the service provider will share the username and password.

Business ERP Solutions

3 Reasons To Use A Business ERP Solution

  • Functionality improves by almost 40%
  • Saves 40% of the total cost of ownership
  • 50% ease of use

Latest ERP Solution Trends Companies Are Adopting

  • Cloud
  • Internet of Things/ Smart tech
  • Mobile

Few Important Factors To Consider When Choosing ERP Software

  • Though it has become an industry trend to upgrade or replace your ERP software, you should first consider your company’s goals. Assess your company’s requirements minutely, and it will become easier for you to decide whether you require new ERP software or just an upgrade. It is advisable to choose an ERP solution that can be modularised to integrate a module according to your company goal.
  • Different departments of a company have different cultures and priorities. Make a list of all your business requirements and check whether a Business ERP Solution in Kolkata can fulfill those. It is advisable to choose a customized solution. The configurable workflows and localized dashboards will make it easier for you to achieve your goals.
  • Know the different integration points to make the ERP solution work with the existing business application. A few of the common integration points are file transfer capabilities, system-to-system, and module-to-system. You can get a flexible workflow with the existing infrastructure.

If you want to choose the best ERP strategy for your business without any hassle, get in touch with the software development experts at LNSEL. They provide end-to-end business management solutions for small and medium enterprises.