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
The major things that should be checked before selection of
best erp consultant are as follows:
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.
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.
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.
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.
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.
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.
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
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.
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:
& 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
Creating an ERP Change management Plan
management plan includes
cost forecasting & drawing up a budget
ERP implementation schedule
Training to ERP
ERP testing &
making it live
success of project
Estimation of ERP implementation cost
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.
This is the real
time when your company goes into a new world. Data migration of your company to
new ERP includes:
employees are the key success of ERP implementation. A perfect user training
plan is essential in achieving this.
data to new database fields
Data transfer to
the new system
verification of legacy data
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:
pre implementation & post implementation.
staffs including overtime or temporary staff
for project evaluation
communication strategy for system downtime
Network speed and
Evaluate the success of your ERP
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:
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
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.
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.
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
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.
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 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.
Since with help of ERP software, crucial reports are
prepared & with help of this report, it is easier to take decision.
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
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.
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.
Customer Reviews: Customer reviews can help you to
take the right decision since reviews shows that either the vendor offers best
services or not.
Support: Test the support system of the vendor. A
best service provider ensures that you are completely satisfied with service.
Advisory Capability: Ensure that the service
provider understand your business. If the provider will understand your
business, the working will be smoother.
Experience: Experience is another important feature
that ensures service provider eligibility in that field.
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.
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.
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.
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.
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
ERP or Enterprise Resource Planning Software is an advance accounting software that is designed to run your business efficiently. ERP is wide range of modules & all modules are interconnected with each other. The ERP Software System integrates almost all functional units of an organization in a unified form & provides better result. The data is shared to all functional modules of the system & thus it helps management to take better decision.
Fig – ERP System & Its Modules
The ERP System cam in
existence in late 90’s century and then to now it has changed from time to time
& became more secure. At present it has become more powerful & we cannot
imagine success of our business without implementing an ERP System. The best feature of this system is that it may be
customized according to organization’s need.
ERP is like
life line for a business. It has become more popular in last two decades and
being widely accepted across different businesses. The feature of access from anywhere
anytime, the business now may be conducted from the comfort of home.
Since erp is the most important part of a business, increasing efficiency of your erp system, is an excellent way to ensure success of your business. Now clerks, management & other related people are choosing mobile over desktops to operate their business. With mobile phones being entwined in people’s lives, using ERP software on the mobiles will become inevitable. This is increasing the need for ERP software to incorporate mobile capabilities and compatibility with different devices.
Increasing Efficiency of ERP System:
Increasing efficiency of the erp system is the excellent way to ensure that the business will last. Enterprise resource planning software helps business to stay. This means making erp user friendly increases its efficiency. The new generation & young people that have grown up with social media & advanced technology will not like to work with outdated system. Definitely, the new erp system will attract him & thus it will bring more customers toward its business.
ERP System with new features
every year, increases success of your business. Hence modification and bringing
new feature from time to time is necessary to increase efficiency of erp
system. Maximum uses of data & business intelligence tools increases
efficiency of an enterprise resource planning software. Old erp software lacks customer
involvement and focuses on accounts, warehouse management, supply chain
management, & thus it is less effective. But if erp is integrated with several
other factors like e-commerce, social media, finance, it becomes more effective
& customer centric.
Flexibility is another
feature that increases efficiency of an erp system. The resource planning
software that has several options for different modules, business types &
functions is the best to choose since it is more efficient.
Enterprise Resource Planning Software or ERP software is a new aged technology having planned & collective approach. It is a complete business solution made up of different business modules specially created for business environment.
Purpose of ERP System
in Your Business:
Enterprise resource planning software is widely recommended software solution to improve efficiency of any business or any organization. It is an integrated application of several software modules & correlates all modules of a business together. The key feature of an erp system is better planning of production, inventory control, marketing, sales CRM, HRM, etc.
The main purpose of implementation of erp software in an
organization is to unify the entire system & to make it work smoothly in
beneficial manner. This system has proved to be a vital element in establishing
The erp software is as vital as the air in our life. It is
not possible to remain in competition in the business industry without
implementation of this software. ERP system is necessary for all types of
organization to remain in competition either they are small, medium or large. It
can be implemented in all types of business processes & no matters what
business objectives they have.
ERP software has become a life line for any organization. It
is used in an organization with several aims that are as follows:
of an organization: ERP helps to integrate several departments of an
organization & hence reduces the data management as well as storage costs. Integration is the main aspect of an erp
system. The whole data becomes online hence it becomes accessible online from
anywhere any time.
Advantages: Cost advantage is another important feature of ERP. It reduces the
cost involved in managing the large amount of paperwork. It makes accounting
smart & fund misappropriation stops.
Accuracy: Accuracy of work improves since paper work reduces & all work
becomes online. It helps in reducing data errors in data entry & management
system. It ensures better management of resources & work distribution. If
an organization is plagued with efficiency probably there is need of an erp
system to bring more orders toward the organization.
Management: ERP integrates the entire business & also brings all information
related to business at your finger tip & ensures better management. It also
gives ideas to improve & moderate the business process.
Management: ERP helps HR managers to keep contacts with employees as well
as allows management to monitor & gauging an employee’s performance and
therefore, reduces your efforts at the time of performance review and
Management: ERP also helps to maintain better relationship with customers. It
gives permissions to organize & access all customer related information.
ERP implementation is not an easy task & it requires very careful planning by a team of experts. It involves several stages like Structured Planning, assessment of the business process, compilation of data, educating the staff and testing and finally the usage of ERP and its evaluation.
Ebizframe is a well known name among ERP software providers in this industry. Ebizframe provides the best erp deal at affordable cost for your business solution.