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ERP and More Uncategorized August 7, 2019 Inventory Management: Models, techniques and methods

The logic of 80/20 is universally applicable. Where there are ‘few significant’ and ‘insignificant many’. The same rule applies to inventory as well. 80% of the demand is for 20% of your items. Prioritising what to produce more to fulfil the demand requires an advance understanding of customer buying behaviour. Then the balance has to …

ERP and More Uncategorized August 5, 2019 Traditional inventory vs Modern inventory management

Is your accounting software capable enough of managing all inventories? Traditional inventory methods are not enough to meet modern business complexities. Before modern invasion companies relied on traditional methods to manage inventory & streamline the business processes. It had to be done manually which required an army of staff to manage it. Inventory grows as …

ERP and More Uncategorized August 5, 2019 5 ways to improve your inventory management

Imagine these situations as a manufacturer Your product is in the middle of production process and requires a certain raw material to be used in production. As and when its time to use that material, you get to know that those materials are all perished. Bummed? You are producing such products with great quality which has …

ERP and More August 2, 2019 Types of inventories and their relation.

Every industry and sub-industry has different kinds of stocks and depending on its nature of the product. All the stocks together builds an inventory. As empty shelves does not make any sale, the ultimate goal of any inventory management is to manage demand and supply efficiently. Identifying which process is blocking your capital the most, …

ERP and More August 1, 2019 Transactions Security: Uncompromising element for running secured Business.

Machineries, Furnitures, Buildings, cash must be the most valuable assets in the company but the data is the most sensitive asset that any company holds. Any compromise in data security can cost you immensely not only financially but can also put your credibility in stake. It also attracts complex regulatory and legal liabilities. 39% of …

ERP and More August 1, 2019 Considerations for successful manufacturing planning & control.

Manufacturing planning is successfully executed with bundle of technologies and methods combined together to overcome all the constraints. A well-executed Manufacturing Planning and Control (MPC) system can provide an upper hand into the market competition. It aids in exploration of alternative procurement sources, efficient assembly lines, reduced lead time, less work in process inventories, rapid …

ERP and More Uncategorized July 29, 2019 ERP can cut down your product cost by upto 30%

How does your company differentiate from other thousands of companies continuously putting plenty of efforts to stand out and gives cut throat competition to each other? There is an unspoken and unseen war going on in the market where companies are not only trying to survive but also trying to eliminate their competition. Companies have …

ERP and More Uncategorized July 24, 2019 Business Transactions are made easy with SaaS.

“Digital technology has refashioned how we live, communicate and work.” Certainly, we are living in an age where everything is progressed digitally. Digital modification can accelerate profitability, speed up the market for products, eliminate geographical barriers and convert customer satisfaction into loyalty. A modern digital technology used in the current business scenario is the SaaS. …

ERP and More Uncategorized July 23, 2019 Reasons behind failure of your inventory management!

According to a 2014 Gallup poll, companies make wrong choice in selecting the rightful manager 82% of the time, which leads to failure in their part to achieve the desired result and control for different activities going on in an organisation. When the work is overflowing and the processes are haphazard, forming a management team is …

ERP and More Uncategorized July 22, 2019 How to streamline your process of finalizing a vendor

 Companies are often looped in the concept of getting utmost sales or profit. They tend to forget the roots of these concepts. One of which is to get the best procurement of material/service for production which will lead to efficient manufacturing and will also contribute to further fulfilment of operation cycle. Procuring from the best …

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