Find the Best Erp Consultant – Ultimate Checklist before Selection

Choosing the best erp software is not an easy process. There are several things that should be considered while you are going to select an erp consultant. Before beginning to receive erp services, it is necessary to complete the tasks in hand like cross- check all the things on your part that are associated with ERP implementation.

The major things that should be checked before selection of best erp consultant are as follows:

  1. Set Your Goal & Strategies: Setting the goal & strategies is the most important step. Divide your development objectives, effectiveness objectives, speed to advertise objectives, and so on. You ought to be clear in your mind about your points and goals of employing the ERP execution experts. Your team should be work in direction of planning the strategy. The aim & objectives of hiring the erp consultant should be cleared.
  2. Test the ERP Software: Before enterprise resource planning system implementation, the erp software should be checked. Several organizations use the test environment in order to evaluate the software. The test should be done for interface compatibility also.
  3. Test the Backup System: Trying out the backup machine is likewise very vital. Backups are very essential for any business enterprise and any associated erp challenge. Therefore, you need to take a look at the backup machine alongside trying out the software. Right here, you may decide the time and the resource it will need for the backup. At this factor you can additionally finish up with assigning, planning as well as scheduling sources.
  4. Workflow Testing: You ought to also bear in mind workflow testing as it is miles crucial for an erp implementation method. Before you put in force the erp software program you must determine the level of the consumer rights, approve and assign the viewing rights to the system customers. This may save a variety of time and efforts all through the implementation process.
  5. Connectivity: Keeping up availability during the total ERP procedure is of most extreme significance. On the off chance that the network is obstructed, various offices won’t have the option to remain associated on a solitary stage and the procedure of information sharing will get interfered. Consequently, you have to check the availability and fix the issues like repetitive lines, ASP associations, et al. Associated gadgets must be tried before starting a quest for the best ERP organizations in India.
  6. Training: Training is the most vital step for erp implementation. It must be executed in the course of the testing duration. The checking out length also offers the insight approximately the reactions of the customers toward the erp software and additionally, it facilitates to rule out the time it’ll take for them to benefit an expertise in the usage of the erp software program. Keeping this in thoughts, education may be scheduled. So that you ought to additionally determine how the crew goes to take time out of their functional roles and duties and give time for schooling.
  7. Budget: Budget is also an important factor for selection of erp consultant. You should think about your financial limit and furthermore the administrations that you want to draw from your ERP framework.

After completion of all preparatory process, you should erp consultant company or erp service provider like Ebizframe, one of the leading erp service providers in India & gulf countries. Ebizframe also offers erp implementation services for all types of industries like erp software for construction industry at affordable rates

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Increasing Manufacturing Profits Through Precision Pricing

Manufacturers face an array of complex challenges including intense competition, increasing costs, and accelerated product life cycles. Technology investments in enterprise systems such as ERP, SCM, PLM, and CRM over the last ten years have helped to rein in operating costs and increase corporate agility. As adoption of these capabilities has become widespread, they no longer provide competitive advantage. However, the resulting quantity and quality of data they produce have set the stage for business intelligence applications that leverage this data to analyze and optimize business performance.

One of the functional areas best-suited for a quantitative approach is pricing. Data-driven customer segmentation and optimization models can recommend prices that are much more profitable than those currently in market. This pricing science can be easily applied through analytical and execution applications, enabling smarter decisions and better execution across all business functions related to pricing. Given the current state of pricing practices and its considerable impact of financial performance, the potential benefits of pricing initiatives are enormous.

Moreover, manufacturers’ broad product lines, numerous customers, and negotiated sales model combine to create a business environment that is very conducive to a science-guided approach to pricing. Early adopters’ pursuit of an intelligent pricing advantage has led to the development of commercial solutions. Having worked with manufacturers for years, Zilliant’s industry-specific pricing applications provide the fit and flexibility that they need.

Until now, only a limited number of success stories have been made public due to the sensitive and strategic nature of pricing practices. This lack of publicity belies the growing use of advanced pricing techniques and applications in business-to-business markets including manufacturing. As the leading practitioners have achieved significant, measurable benefits, however, more and more manufacturers are investing in pricing-related initiatives. As a result, the industry is experiencing a steep adoption curve similar to what was previously seen in travel, hospitality and retail.

Most manufacturing companies are very familiar with the power of process automation to improve business performance. However, many are just beginning to exploit the potential of applied business intelligence applications that harness data from operational systems to improve decision-making across the enterprise. A few of these companies have embraced sophisticated analysis and optimization systems so deeply that some management strategists have dubbed them “analytics competitors”.

Regardless of how widespread a company’s use of analytics is, using more quantitative approaches to pricing can deliver significant financial gains. Many companies’ current pricing processes are manual and largely ad hoc, resulting in poorly-priced deals that leave significant margin on the table. In most cases, price, discount, and other margin-driving terms are arbitrarily based on precedent and circumstance rather than empirical analysis and strategic intent. Even companies that apply pricing principles manually, e.g. basic price segmentation, would benefit greatly from more precise price differentiation that can only come from advanced quantitative models and optimization techniques.

Following the example set in other industries such as airlines and hotels, some manufacturers began pursuing pricing initiatives years ago. Their focus has been in two areas: controlling discounting and applying optimization techniques to exploit price elasticity. These early adopters realized that the sooner they started, the greater the financial benefit. In almost every case, these projects have exceeded their projected return on investment, in some cases delivering tens of millions of dollars of incremental profit. Learning of these compelling successes, many more companies in a wide range of manufacturing sectors (industrial, high tech, chemical) are confidently pursuing similar pricing initiatives.

So what are some of the key lessons learned? And why did it take so long for manufacturers to begin to adopt quantitative pricing methods? Answering these questions requires an understanding of manufacturing’s three most pressing pricing challenges and the opportunities attendant in overcoming them. The answers also point to key capabilities are required to capitalize on these opportunities.

1. Ad Hoc Pricing Facilitates Price Differentiation: Diversified manufacturers typically have extensive product portfolios and very sizable customer bases. After taking into account all price-related variables (e.g. costs, contracts, discounts, volume agreements, customizations, shipping, etc.), the total number of unique prices in market at any one time can easily exceed 100,000. With so many products, exceptions, and changes over time, it is no wonder that manufacturers’ price points and margins vary widely across their business. In fact, some manufacturers struggle with merely calculating prices that are “correct”, i.e. are in accordance with their numerous price lists, policies, and contracts, let alone differentiating prices to maximize margins and overall profits.

Fortunately, this complexity can be not only managed, but also exploited. Information systems designed to allow companies to calculate “correct” prices are widely available, often as functional modules within the order management products marketed by ERP and CRM vendors. Better still are integrated price segmentation, optimization and enforcement applications from best-of-breed pricing application vendors like Zilliant. Their advantage is that they allow manufacturers to operationalize differentiated, profit-maximizing prices by employing science-based segmentation and optimization capabilities.

The scientific foundation of price differentiation is segmenting customers by the price sensitivity and using each price segment’s unique sensitivity to set prices on future deals. Figure 2 shows examples of how companies have dramatically increased the number of actionable segmentation variables they use to set differentiated prices.

Only by identifying and acting on the variables that most affect customers’ buying behavior can companies fully capture the value of these purchases as incremental margin on every deal.

2. Better Data Quantity and Quality Available for Quantitative Applications: Managing all of these pricing inputs and calculations typically involves a number of disparate transactional and price administration systems. Additionally, most manufacturers now have some type of customer relationship management (CRM) software in place for managing customer, sales opportunity, and competitive data, adding to the multitude of isolated systems.

Fortunately, while data collection and integration can be difficult, this challenge is now more tractable than ever. Many companies have already rationalized numerous legacy systems into a few data-rich enterprise applications, and have begun to aggregate transactional and CRM data into central repositories. Even when data remains scattered across multiple systems, improved APIs and integration tools have simplified its retrieval. In all, companies now are much better able to aggregate and analyze the data needed to define price segments and their relative profitability.

Even after aggregating all available data, quantity and quality can still be a challenge. Many products are “slow moving”, producing sparse transactional history. And most companies do not track quotes that do not become orders, valuable data for determining price sensitivity. Overcoming these limitations is crucial to maximizing the profit potential from segmentation and optimization, and is a major advantage offered by Zilliant.

3. Informed Negotiations Increase Profits: Last but not least, the negotiating behaviors of sales personnel and channel partners play a major role in determining the profitability of deal outcomes. Uninformed decisions related to discounts and other costly terms is a major source of revenue leakage in most companies. 
The good news is that the most powerful negotiating tool available is information. Giving sales people reasonable price recommendations based on quantitative information about what similar customers paid under similar circumstances immediately improves results. In addition to better market information and price recommendations, incentives also have a powerful effect on sales representatives’ discipline and confidence. And when management deems that an order deserves an exception to standard discounting policy, the ability to evaluate different scenarios based on their relative profitability ensures “must win” deals helps limit the overall financial impact.

Ref. ERP Software for Chemical Industry & Chemical Manufacturing

ERP Implementation Plan: Step by Step Methodology

Have decided to implement ERP System? It is not too easy process. It needs lots of efforts. However ERP implementation failure is common. Hence before implementation process, you need to do a whole lot of planning. There are severe things that should be remembered but the first thing that you should know is:

What is the ERP implementation process?

Answer is ERP implementation process includes installation of your newly selected system that transfers all your data & provides training to employees to use the software.

ERP Software System is collection of software that combines all your business modules together & makes it more transparent in comparison to previous one. It makes your business online.

Now where do we start?

Now we will discuss step-by-step plan for erp implementation process. It will cover:

Creation of an effective management plan

Discussion about hidden erp implementation costs & how to forecast them

Being live & how to evaluate the success of project

The stages of ERP implementation methodology:

  1. Assemble an ERP Project Team
  2. Creating an ERP Change management Plan
  3. Estimation of ERP implementation cost
  4. Data migration
  5. Training to employees to use ERP Software
  6. Steps to take when ERP goes live

Assemble an ERP Project Team

An efficient & dedicated team is the key success of any project. It makes your job much easier. A project manager, application analyst, application developer, QA test engineer will be the major members of your ERP implementation team. To insure implementation ore smoothly, you will need a few more people senior manager, engineers & shop floor staffs, shop floor workers, sales department staffs, workshop staffs, etc.

Creating an ERP Change management Plan

ERP Change management plan includes

  1. Implementation cost forecasting & drawing up a budget
  2. Determination of ERP implementation schedule
  3. Data migration
  4. Training to ERP user base
  5. ERP testing & making it live
  6. Evaluation of success of project

Estimation of ERP implementation cost

Before implementation, it is good practice to estimate the total cost. You should include all factors in your implementation budget to avoid being hit by hidden cost. The major factors that affect implementation cost are Hardware/network upgrades, Staff overtime pay, Vendor training, customization and consultancy fees, Data backups and storage, etc. It is necessary to clear all doubts before finalizing the implementation deal.

Data Migration

This is the real time when your company goes into a new world. Data migration of your company to new ERP includes:

Data Trained employees are the key success of ERP implementation. A perfect user training plan is essential in achieving this.

  1. cleansing and verification
  2. Database setup
  3. Mapping legacy data to new database fields
  4. Data transfer to the new system
  5. Testing and verification of legacy data
  6. Testing and verification of new data inputs 

Training to employees to use ERP Software

Steps to take when ERP goes live

This is major step towards erp implementation. The major things that should be cared include:

System testing pre implementation & post implementation.

Scheduling of staffs including overtime or temporary staff

Identifying metrics for project evaluation

Creating a communication strategy for system downtime

Network speed and reliability checks

Data backup processes

Evaluate the success of your ERP implementation project

Now erp system has successfully implemented & we have to evaluate the project. A successfully implemented ERP system minimizes the data errors due to process automation. The major features of successfully implemented ERP system are:

Increase in productivity levels

Increase in client satisfaction This is the step-by-step erp implementation methodology & it will help you when you are going to decide an erp system for your business process

Benefits of Keeping Your ERP Software Upgraded

Business owners buy enterprise resource planning software to increase company’s potential but they forget that nothing is perfect & immortal. The erp software they are right now also needs to be upgraded. Present erp software system without upgrade will not be enough in future. Service, maintenance or system updates keep your organization running smoothly through updates & regularly upgrades that are necessary to keep your work smoothly.  Improvement & system upgrade is necessary to work better. With updates of erp system, employees are able to access new features & capabilities & these features can help you to stay ahead of your competitors. At the time of erp implementation, you should clear the things like system upgrades & service with erp vendor. Many people think why upgrades are necessary. Upgrades are necessary to keep the company working at an ideal level. Here are major reasons that will clear the doubts.

Improved Reliability

When software performs slowly & requires lots of time to perform any action, this is the time to upgrade your enterprise resource planning erp software. Since erp is like life line for your business hence upgrades are necessary otherwise whole business process may collapse. When system goes slow down, employees are also get frustrated & its affect their ability to do their job properly.

Ideal Security

Updated systems are packed with latest technology and security measures hence it keeps you far from headache & unnecessary tension of malware as well as spyware attacks. Since data is heart for any organization or for any business process, hence it is necessary to keep it safe & secure. Erp system upgrade is necessary for ideal security of data since upgrades makes the system more strong.

Better Integration

Erp system implementation integrates multiple modules of an organization. Updated system allows employees to connect with other employees more easily. Now they can share their ideas & can get views of other on their ideas.

Improved Employee Productivity

Upgrades come with several functional benefits. It improves not only the backend process but also the functions that software can do. Working capacity of organization increases in several areas. Before implementation of ERP System, it is essential to talk with erp vendor about system upgrade from time to time.

Opportunity for company Improvements

ERP upgrade offers benefits of getting a chance to process of the company & check the areas of improvement. After information about fault or areas of improvement, action may be taken to improve the faults. The improvement may be assisted by the software updates. Hence updates are necessary to improve the organization in multiple ways like increasing efficiency of the company.

Lesser IT costs

Erp is an investment & at end it lowers overall IT cost. It happens actually due to updates of system. Since after upgrades, outdated technology is eliminated & new improved process increases productivity. With erp system upgrades, all problems are eliminated & now employees are able to work faster as well as more efficiently. Since employees work faster & efficiently, the IT cost decreases automatically.

The Top ERP Software Selection Criteria

Selection of perfect ERP tool for your organization is a very difficult task. ERP software of different types is available & each set has different capabilities, strengths & drawbacks. Choosing the right erp vendor is a very complicated process & it requires lots of researches.

Today the world has become advanced. Everything has become online. Old accounting system is not able to store large amount of data & full fill requirement of new age. There are also several drawbacks of old accounting system. Now for each successful business or organization, there is a need of ERP System since Enterprise Resource Planning Software can store large amount of data. Actually, ERP Software unifies all modules of a business process. The main feature of this system is that it is accessible from anywhere anytime. Managers are able to contact their employees & also can keep eyes on their work.

Reasons to Buy an ERP Solution

Enterprise resource planning system automates the business process & also ensures accuracy as well as integrity of data of an organization.  It has ability to improve organizational collaboration. It helps to meet the business needs along with financial goal. It keeps up-to-date report of all departments of an enterprise.

Real-Time Analytics & Data

Another benefit of ERP System is access to real-time analytics. Real time data analytics helps to take important business decisions & ensures process optimization.

Flexibility

Flexibility is another important feature of ERP Software. It helps to take control of your business, offers better customer service, clients satisfaction to be remain in competitive field.

Better Decision Making

Since with help of ERP software, crucial reports are prepared & with help of this report, it is easier to take decision.

Reduced Complexity

Since ERP unifies the business modules of an organization, hence all modules work on a single database. It also eliminates data duplication & maintains data integrity with a “single source of truth.”

ERP Selection Criteria

Since ERP is like a life line for organizations thus care should be considered before selection of an ERP System. There are few tips that can help you to select a new enterprise Resource Planning Software.

  1. Make a list of ERP Solution Vendors & gather information about them. Initially prices of many vendors appear similar but there are several factors that affect the final costing like annual support fees, implementation charges, etc.
  2. Customer Reviews: Customer reviews can help you to take the right decision since reviews shows that either the vendor offers best services or not.
  3. Support: Test the support system of the vendor. A best service provider ensures that you are completely satisfied with service.
  4. Advisory Capability: Ensure that the service provider understand your business. If the provider will understand your business, the working will be smoother.
  5. Experience: Experience is another important feature that ensures service provider eligibility in that field.

Major ERP Trends of 2019 to help you out in your Business

The year 2018 was an amazing year for erp terms related to it like ERP implementation, ERP Software vendors, developers & also for its users. Implementation of erp system streamlined the accounting process of business, reduced cost of company & helped to improve their decision making process. Now ERP software has become a necessity for every type of organization in all types & sizes.

In recent years, demand for ERP software system implementation has increased due to emergence of cloud deployment as well as artificial intelligence. HRMS & CRM has become most favorite enterprise tools for business process. These softwares are also used by online stores. There are few top ERP trends that will help you to make better use of ERP software Solution.

Improved Mobile Accessibility:

In earlier time mobile was not too important. But with invention of smart phones the whole world has become mobile centric. Even business can be accessed & operated by smart phones.

Employees are also able to access their work from mobiles. Developers are giving focus on making mobile supporting erp software. ERP accessibility on mobile phones is the hot topic in year 2019. Both clients as well as vendors are focusing on making erp software for mobile devices.

Importance of Security Measures:

As the technology has become advanced, data security is also a major problem for companies. In 2019, companies & organizations are looking for improved security mechanism for ERP System that is able to protect their data & the same time do not have any effect on usability as well as accessibility. Functionality & speed are equally important for business process.

Uniqueness of Features

In year 2019, special features & functionalities will be major theme for erp system implementation. There are several erp tools in the market but most of them lack special features that a business need. If you are looking for implementation of erp software in 2019, the major thing to be care will be either the selected software meets with business’s requirement or not?

Real-Time Response Capability

In past few years, there is a drastic change in Enterprise Resource Planning architecture. Now the erp system is more reliable and provides real-time responses to give you a clear insight about how your business is performing. New ERP software is more responsive & uses in memory computing as well as analytical processing. It allows users to generate report on the basis of real data. This is the smart feature of new erp system that empowers business with real time insights to generate successful forecasting as well as planning.

Expanding Human Capabilities

For growth of business, the new erp system with intelligent solution provides real time data for business operations. The new feature of erp helps to improve operational efficiencies, sales, and productivity of a business process or an organization. The business intelligence feature of the new software forms the integral part of the system. Thus in year 2019, the new erp tool will make meaningful sense of data & will expand human capabilities.

The Top Challenges for ERP Implementation in SMBs

ERP Implementation

Generally it is considered that Enterprise Resource Planning (ERP) systems are suited for larger enterprises. This believes is due to several reasons like high cost of ownership, the complexity of implementation and the continuous maintenance costs. Regular maintenance of ERP System is necessary since it works on huge amount of data & regular maintenance of the software makes it faster & reliable. However in last decades erp has made possible for large sized organization as well as small sized business. Both types of organizations avail benefits from erp software. Though ERP is beneficial for SMBs (small and medium-sized businesses) but still there are several obstacles especially during implementation & it create perception that ERPs is suitable for large sized organization. There are several challenges that arise during ERP implementation.

  1. ERP Customization: The most common concern that arises during erp implementation is customization. Since customization is done according to need of the specific organization hence several problems arises during implementation & after implementation. Every company has different way hence it is necessary to do some adjustment while implementing enterprise resource planning software. Sometimes customization need costly up gradation.
  2. The users: Users are one of the important factors for successful implementation of erp system. If the user does not know more about this software & does not know how to operate it, the software may not be useful for the organization. We are human & easily get confused. Hence an ERP user should be trained & professional.
  3. Investment in Internal Hardware: Slow & heavy hardware are incredibly unproductive. Since erp connects several departments of an organization hence it stores huge amount of data & there is a need of significant amounts of storage so that the software may give high work performance. A properly manager erp system with proper hardware has the ability to bring more customers toward business & increase customer satisfaction. Selection of a software package is necessary but technical issues are also important & should be resolved. The work station need to be revised for new system new hardware items may need to be ordered, purchased, and replaced. The entire internal network also need to be analyzed and modernized if required, and the speed and bandwidth of the existing Internet access should be taken into consideration along with possible technical concerns about the mobile devices being used.
  4. Communication: Communication is also a big factor for success of any enterprise resource planning software. At every stage of erp implementation, communication between employees is necessary.

These are some top challenges that arise during erp implementation.