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Ask the Experts
A smart, flexible ERP system that streamlines every part of your business.
Ask the Experts
A smart, flexible ERP system that streamlines every part of your business.
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What is MIS, its functions and the main characteristics?
Management Information System (MIS) are computer based information systems consisting of the network of all communication channels used within an organization. Its functionalities include : * Integrated database of the MIS enables greater flexibility in meeting the information needs of the management. * The MIS integrates the information flow between
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What is pre-valuation screening of ERP package?
Search for a suitable ERP system starts when a company decides to implement an ERP system. It is not an easy procedure because there are hundreds of ERP vendors, all claiming to have a system that is suitable for your organization. It is not practically possible to evaluate each every
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What is Supply Chain Management (SCM) software?
Supply Chain Management (SCM) software is designed to enhance communication, collaboration, and coordination with vendors and suppliers, transportation and shipping companies, intermediaries, and other partners by enabling faster bi-directional information sharing. With a supply chain management software in place, a business can manage its entire network more effectively by overseeing
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What is the basic structure of a good ERP solution?
Basic structure of a good ERP solution ERP is the part of the interlinked processes that make up the total business and financial impact. Almost all the typical application systems are nothing but the data manipulation tools. They store data, process them, and present them in the appropriate form whenever
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What is the Big Bang theory in ERP implementation?
When companies layout a plan for their ERP implementation there are two options they will look into. That is, they have the option to choose the big bang theory where the installation of ERP systems of all modules happens across the entire organization at once or the phased out module-wise
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What is the difference between cloud-based and On-premises ERP?
Cloud-based ERP systems offer a cost effective solution where a business pays a recurring fee to utilize the service. This system is run from a shared server. The cloud system will benefit the company monetarily as there won’t be any expenses on hardware and infrastructure costs that are usually associated
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What is Difference Between E-commerce and E-Business
E-commerce is buying and selling using an electronic medium. It is accepting credit and payments over the net, doing banking transactions using the Internet, selling commodities or information using the World Wide Web and so on. E-Business in addition to encompassing E-commerce includes both front and back-office applications that form
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What is the difference between ERP and BPR?
The major characteristics of Business Process Re-engineering (BPR) are cross-functional orientation, process innovation, and customer-focus, clean slate and radical change in the organization’s business process by using Enterprise Resource Planning (ERP) systems. Innovations and major improvements in the performance of business processes are difficult to achieve without leveraging the potential
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What is the difference between ERP and WMS?
It is important to understand the difference between Warehouse Management System (WMS) and Enterprise Resource Planning (ERP) system. Though many of today’s ERP systems have tightly integrated WMS systems, the earlier version ERP systems had a limited participation for WMS. This may be the reason why many companies installed a
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What is the difference between MRP software and MRP module of ERP?
MRP module of ERP : Material Requirement Planning, popularly known as MRP, was developed during 1960s. This was a proactive manner of inventory management. This technique fundamentally explodes the end product demand obtained from the ‘Master Production Schedule‘ (MPS) for a specified product structure (which is taken from Bill of
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Why some people think ROI on ERP is low?
ROI on ERP: Organisations should not wait for an embarrassing and potentially devastating event to find out that security controls in their ERP systems are inadequate. To overcome this risk, organisations need to implement an appropriate access strategy. As businesses grow, information systems support whole communities of users like customers,
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Will just implementing an ERP system solve my business worries?
No software, including even an ERP system, will solve your problems unless the system is used in a proper manner. What is to be remembered is that ERP is a tool and not a magic wand. Therefore, the tool must be used properly if you expect any result from it.
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Why it is recommended to change business practice to suit the ERP software rather than customizing the software?
The Strategic Advantage of Aligning Business Processes with ERP Standards Before implementing ERP software, the organisation needs to analyse current processes, identify non-value-adding activities, redesign the process to create value for the customer, and then develop an ERP system package to suit the organisation’s requirements. A key contribution of ERP
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Why it is not advisable to have an in-house developed ERP?
Operational and Financial Drawbacks of In-House ERP We must understand that the development of ERP is not like other software development projects, which are normally carried out focusing on automation. We find such serious mistakes being committed by some big and small companies in India. The EDP department in most
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Which companies implement ERP and will it be useful to pursue training in ERP?
Training in ERP Various businesses, large and small, have implemented Enterprise Resource Planning (ERP) systems. ERP software supports the distribution of information between various functional departments and geographic locations of a company. ERP systems currently exist in many different forms and offer many different features. Many manufacturing, pharmaceuticals, Construction, Trading,
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Understanding data migration process
Data migration is the process of moving required volume of data from existing systems to new systems. Existing systems can be anything from custom-built IT infrastructures to spreadsheets and standalone databases. migration of data encompasses all the necessary steps to cleanse, correct and move data into a new system. Technological
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There is a feeling that ERP may lead to unemployment, Is it right?
ERP may lead to unemployment? As you are aware that with a successful ERP in place, information will be freely available and any casual user can very easily generate any ad hoc queries or reports. The system will automatically check for the compliance for most of the standard rules. As
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How is technology helpful in the ERP selection criteria?
ERP Selection Criteria – The question should address the company’s business needs and concerns and each issue or question should be given a weight according to how critical that function is for the company. For example, if the company has offices in different countries, then the capability of handling multiple
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What are the tangible and intangible benefits of ERP system?
Tangible and Intangible benefits of ERP system? Tangible benefits are those measured in monetary terms and intangible benefits cannot be measured in monetary terms but they do have a very significant business impact. The tangible and intangible benefits are discussed below : Tangible benefits >> Improves the productivity of processes
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What is meant by stabilization period in ERP implementation?
Stabilization period in ERP implementation – After an ERP system goes live there is what has been referred to as a “stabilization period” that typically lasts three to nine months. During that period most companies should expect some dip in their business performance and should expect that they will need
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