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9 Ways an ERP Solution Improves Supply Chain Operations
30May-22

9 Ways an ERP Solution Improves Supply Chain Operations

Plastic products are always in high demand, and these industries must deliver large quantities of their products. Maintaining heavy machinery,

The distribution and manufacturing industries are constantly being disrupted by digital transformation, putting pressure on organizations to find advanced solutions in order to stay on top of their daily business processes and ahead of their competition. Predictive analytics and the Internet of Things (IoT) have transformed how businesses manage their supply chains And the changes are just getting started.

Supply chain management is critical to an organization’s overall success. Many manufacturers, for example, rely on vendors to provide them with the right type and number of resources at the right time to keep production moving along as planned. However, according to a recent State of Manufacturing report, “97 percent of respondents report that supply chain management consumes a significant amount of employee time.” That being said, if not managed efficiently, supply chain management can be a time-consuming process – just consider the reduced productivity, cause of delays, impacted quality, and unnecessary expenses and profit losses.

Let’s take a step back and consider your organization. Where do you see your company in a year’s time?

Are you benefiting from increased revenue and efficiency as a result of a cutting-edge supply chain, or are you struggling to make ends meet with legacy systems? This is where modern Enterprise Resource Planning (ERP) software can take your company to the next level – by simplifying and optimizing your supply chain management processes for smoother and more profitable outcomes.

Here are nine ways an ERP solution improves supply chain operations:

  • Automate Purchasing Process

Keeping a close eye on inventory is critical to avoiding excess or shrinkage, but this monitoring takes time. Advanced ERP systems with supply chain management capabilities can automate this process. When inventory levels fall below a certain threshold, the user is notified. This allows you to stay informed about the need to replenish stock and place orders with vendors accordingly.

  • Greater Data Insight      

The health of a supply chain is heavily reliant on timely and accurate information. A modern ERP system can store a massive amount of real-time data about inventory, purchasing, selling, financial accounting, employees, and other core business functions. The software also provides users with continuous access to reports, resulting in greater insight into the operations and making supply-demand management much easier.

  • Streamline Core Functions

ERP software is comprehensive management software that integrates and manages various business operations in a supply chain, such as HR, finance, management, and sales, through a single system. This reduces manual paperwork and improves data visibility across the enterprise. Furthermore, the system enables automation, significantly reducing processing and administration-related wait times in the supply chain.

  • Establish Process Standardization

A standardized process is essential for the success of any supply chain strategy. An ERP solution aids in the development of this consistency across teams in single and multiple locations. This improves overall system efficiency, process accuracy and teamwork, and reduces errors caused by miscommunication.

  • Increase Transparency

Implementing an ERP solution provides management with a consolidated view of all aspects of supply chain operations. It provides accurate, relevant, and up-to-date information about a shipment in transit, where it is, and when it will arrive at the warehouse. Additionally, employees in the stores and warehouses can have role-based access to this knowledge, ensuring that consistent and accurate information is shared with all relevant people throughout the organization.

  • Real-Time Inventory Management

Inventory is an essential component of any supply chain setup. Proper management of it can reduce costs while increasing the business’s turnover.

Inventory is traditionally captured using spreadsheets and hand-checked lists. This falls short in terms of providing error-free tracking and up-to-date data. Modern ERP software, on the other hand, includes features that allow for real-time visibility of exact inventory levels. As a result, the supply chain operates at peak efficiency, with lower overhead costs and fewer order fulfillment communication errors.

  • Decrease Delay

An ERP system is a centralized repository for all information. As a result, the tool provides businesses with greater data transparency and enables them to efficiently allocate resources such as material, personnel, and machines early in the planning process. It allows for better coordinated and executed activities, resulting in on-time delivery throughout the supply chain.

  • Raise Cost Awareness

Variable costs occur at every stage of the supply chain. Intelligent ERP systems can generate more realistic cost projections by leveraging supply and demand data. This raises cost awareness among managers, allowing them to identify and reduce uncontrollable factors that incur additional expenses, optimise processes, and reduce operational costs.

  • Upgrade Returns Management

Supply chain processes dealing with returned goods and backorder processing are just as important for logistics companies as shipping products to customers. Returns management is simplified by effective ERP solutions. They enable businesses to have better control over returned products by redoing each process, such as inspection, quality control, packaging, and shelving. A better return management system can help businesses reduce waste and improve backorder processing consistency.

You should now understand how an ERP system can help your supply chain operations. PMTRACK ERP ERP offers ground-breaking features and unrivalled mobility. Click here to schedule a demo or consultation to learn more about how these work.

Posted By Category: ERP Software, PMTRACK ERP
The Top 10 Industries That Should Implement ERP Software
18May-22

The Top 10 Industries That Should Implement ERP Software

Enterprise Resource Planning (ERP) has a lot of potential for helping businesses improve their performance and streamline their operations. It organises the company’s data and aids in day-to-day operations management. It’s similar to juggling macro and micro plans.

An ERP system can provide a variety of operational, strategic, and organisational advantages. Many ERP software companies in Pune are thriving due to their ability to assist a variety of businesses. Let’s take a look at how it can benefit a business.

Why ERP for Industries?

ERP is a central business framework that is fuelled by market characteristics like widespread digital acceptance, booming global trade, and large volumes of data that must be monitored, maintained, and analysed. Industries can benefit from enhanced business reporting, improved inventory costs, increased cash flow, cost savings, and improved customer service by implementing ERP systems. The massive success of ERP software across various industries demonstrates the global demand.

Take a look at the Best 10 Industries where an ERP System is critical:

1.ERP FOR MANUFACTURING

Because the manufacturing industry is so dynamic and competitive, it’s critical for businesses to have an integrated solution that can boost productivity, lower costs, and boost revenue and profitability. Allow the company to make precise, well-informed, and strategic decisions, above all.

The following are some of the benefits of manufacturing ERP software:

  • ERP in the manufacturing industry has potential patterns of 50 percent quick usage, 46 percent increased functionality, and 43 percent total cost of ownership (TCO).
  • 66 percent of organisations have experienced operational disruptions during ERP implementation.
  • The top three reasons for ERP programme implementation are: First, increasing the company’s efficiency (64 per cent). Second, for the company’s growth (57%) and third, for the reduction of working capital (57 per cent).

2.ERP FOR EDUCATION

The replacement of older legacy systems with a unified ERP results in a rapid and quantifiable change in the administration process. The programme offers a variety of resources to help modernise the campus, as well as improve student enrolment practises, lecture sessions, classes, the library, and customer service.

The educational ERP system automates and streamlines all processes within the university’s boundaries to greatly improve the efficiency of allocating and operating academic resources.

3.ERP FOR HEALTHCARE

ERP for healthcare is a technical programme made up of modules that track data and facilitate collaboration between departments within a company. Employees are able to work more efficiently as a result, improving performance and productivity. Furthermore, using hospital management ERP systems improves the speed with which health care services are delivered both internally and externally

4.ERP FOR RETAIL

Retail is nowadays one of the fastest-growing industries on the planet. However, as the market grows, so do the difficulties in managing it. The retail sector is made up of many sub-sectors, all of which must be managed effectively in order to maintain or increase profits. Fortunately, retail ERP may be the answer for the retail industry.

5.ERP FOR CONSTRUCTION

Construction ERP software is a business solution that provides effective analytics by combining data from various construction processes such as accounting/financial management, contract management, equipment/inventory management, human resource management, Customer Relationship Management (CRM), scheduling, and submissions.

6.ERP FOR GOVERNMENT SECTOR

Any useful ERP platform must include comprehensive accounting, warehousing, inventory, and logistical components. However, the implementation of more specialised criteria in ERP in the government sector improves these essential elements for a private sector ERP.

7.ERP FOR AUTOMOTIVE INDUSTRY

Automotive ERP offers a broad range of strong and agile business management skills that can effectively handle and integrate each department of an organisation to ensure smooth information flow. Automotive ERP enables workers to work with confidence while reducing errors, allowing them to meet project deadlines and complete jobs in a systematic manner.

8.ERP FOR FOOD INDUSTRY

The food processing industry is one of the largest sectors in terms of demand, output, and export of food products, and it plays an important role in the economy’s growth. Vegetables, fruits, milk products, mineral water, cocoa products, and other products such as alcoholic beverages, fisheries plantations, meat and poultry are all part of India’s food processing industry.

Benefits of ERP for food industry are–

  • Better quality control at various stages of the manufacturing process.
  • It can handle supplier details from start to finish.
  • It can increase production productivity while lowering costs.
  • Improving supply chain management methods.
  • Meet new specifications and roles to meet the organization’s needs.
  • Accounting can handle a wide range of sales and transactions.

9.ERP FOR OIL AND GAS

India is the world’s third-largest oil and gas consumer, accounting for more than a third of the country’s total energy consumption. As a result, the risks associated with multi-geographic locations are certain to cost any oil and gas company money.

Advantages of ERP for Oil and Gas are:

  • Property control
  • Content and inventory control
  • Document handling
  • Data control
  • Real-time visibility into main processes
  • Process quality improvement

10.ERP FOR REAL ESTATE

In simple terms, with the aid of the latest technologies, ERP software incorporates, streamlines, and automates all business processes such as sales, HR, procurement, inventory, etc.It provides useful and relevant information with the goal of increasing revenue and lowering operating costs.

CONCLUSION

Many ERP projects today are far more competitive than they were previously. With the vast array of cloud software available today. Along with the previously mentioned ERP software benefits, ERP is undeniably important.

Tasks benefiting from ERP system include–

  • Sales forecasting, which allows inventory optimization?
  • The collection of relevant data to provide a chronological history of every transaction in every field of service.
  • Order tracking from acceptance to fulfilment
  • Managing revenue from invoice to cash receipt
  • Matching sales orders, inventory receipts, and costs (what the vendor invoiced)

You must leverage your operating system in order to expand your business. PMTRACK ERP, a Pune-based ERP software company, offers ERP solutions for a variety of businesses and industries. Our systems are built on cutting-edge technological solutions to give you an advantage in your business.

Contact our team for ERP related queries.

Posted By Category: ERP Software
Supply Chain Management Software & ERP Solution
9Apr-22

Supply Chain Management Software & ERP Solution

What is the correlation between Supply Chain Management Software & ERP Solutions?

SCM (Supply Chain Management) is an important role for any company, regardless of size. It focuses on obtaining raw materials, producing finished products, monitoring quality control, and ensuring that the product is delivered to the end customer within the time limit stipulated. Enterprise Resource Planning (ERP) software is required by SCM organizations to ensure that all operations function smoothly and efficiently. It also cuts down on resource waste, guarantees that product dimensions are correct, and ensures that sensitive financial data is promptly accessible to all departments.

Core capabilities of Supply Chain Management ERP software

1. Fully integrated into the ERP system

By providing essential business data in real-time with all stakeholders, everyone will have a single perspective.

  • It’s straightforward to integrate the SCM module with your ERP system.
  • It gives each department a consistent picture of your company.
  • You won’t have to pay individually for third-party integrations.
  • Any connected device can upload crucial business data in real-time at any time.
  • An embedded SCM system adds features like centralized procurement and client order sources to the mix.

2. Simplified order and returns management

With the ERP software’s supply chain management module’s complete multi-site capacity feature, ensure the best customer experience by reducing reaction time and lowering expenses. Furthermore, by permitting a wide range of logistic conditions, this module will enable data connectivity and traceability.

  • Order returns are easier with centralized return capabilities. You can return things regardless of when they were delivered or from whatever corporate website they were purchased.
  • Change management and validation ensure that all entities have a single view across all sites and locations.
  • Automated rule-based sourcing, supplier site availability, CTP (Capable to Promise), and multi-site ATP (Available to Promise) capabilities are all part of a reliable order acceptance method.

3. Supply chain management software benefits

The complex delivery processing, put-away, and pick-up capabilities of supply chain management software meet the needs of customers. Other advantages include

  • To minimize time moving between storage bins, define warehouse routes, wave picking, and storage zones for rule-based put away.
  • Set up mobile scanning systems to save time and resources by reducing human error. Furthermore, warehouse data collection, an advanced SCM tool, enhances accuracy and speed by selecting client orders using barcodes.
  • For shelf life, complete up-and-down traceability, and management of expiration dates, creates serial and batch numbers.
  • To keep critical things close at hand, use frequency and slotting-based put away to increase warehouse space.
  • Ensure proper delivery processing by automating cargo procedures and model departure timetables.

4. Forecasting and planning

The supply chain management module contains key planning and forecasting skills that assist businesses in improving customer service, lowering administrative costs, and increasing ROI. It will also help you with:

  • Effective inventory planning and replenishment. This skill allows you to respond quickly and effectively to changing market trends and customer preferences.
  • Improve your predicting skills by using a range of statistical forecasting models, such as Bayesian, Best Fit, Brown’s level, and others. This function will help you obtain the correct amount of raw materials and produce the desired number of finished products on time.
  • Manage a vast number of parts, materials, and finished products accurately and efficiently. Manual parameters such as service level can be created, and parts can be grouped by lifetime stage and frequency.

5. Built for the demands of the future

By utilizing the supply chain management module to reuse, reduce, and recycle things, you may contribute to the circular economy. In this way, waste can be reduced across the supply chain. Other benefits include:

Check to see if your business practices are ecologically friendly, and keep track of your environmental impact. It is more sustainable for a corporation to operate in closed material cycles.

  • The SCM module’s capabilities include return material handling, condition codes, lot batch tracking, serial tracking, and configured parts, to name a few. Working in closed material cycles ensures your business’s sustainability.
Posted By Category: ERP Software
erp software manufacturing industry
4Sep-21

Why Deploy An ERP System In Manufacturing Industry?

Why Deploy An ERP System In Manufacturing Industry?

Any goods you buy was made somewhere on the planet. Although service industries are receiving greater attention, manufacturing remains an important component of every expanding economy. The manufacturing business will require Enterprise Resource planning software in the long run, as this blog explains.

ERP for Manufacturing

Improving productivity is one of the primary issues that the manufacturing industry faces. By combining all-important company activities into a single platform, a PMTRACK ERP system can improve overall efficiency, reduce expenses, and increase productivity.
Furthermore, many manufacturing organizations struggle to share production-related data with employees and outside parties. A shared database is essential to an organization’s success. ERPs can help bridge the gap between departments, vendors, and distributors.
A generic ERP system is capable of providing the following benefits and more:
• Inventory management
• Production Scheduling
• Financial Management
• Operations Management
• Fixed Asset Management
• Customer Relationship Management
• Order Management
• Materials Requirement planning
• Quality Assurance control

Is ERP essential for Manufacturing?

An ERP system can show a variety of system flaws in a seamless manner. Control your cash flow, streamline your processes, and deliver a single version of the truth about what’s going on in your company.
Here are some examples of how an ERP system might help a manufacturing company:
1. An ERP system can serve as a consolidated hub for all of your operational and financial data, making data administration a breeze.
2. ERP gives you a complete picture of your supply chain activities, including warehouse management, transportation, and inventory management.
3. ERP systems also enable a variety of production methods, such as make-to-stock, make-to-order, and just-in-time.
4. Advanced ERP solutions, such as Oracle Net Suite, provide a faultless framework for managing organizations all over the world. Having a complete picture of all of your locations can help you gain more awareness inside the company.
5. Another important benefit of an ERP system is the ability to make offers and discounts based on real-time data. Some ERPs can assist with material planning, which reduces waste and delays.
6. Have a complete picture of your manufacturing process and control it from beginning to end.
7. Streamline operations by allocating work according to the availability of machines and labor.
8. By scanning and storing products, you can keep track of inventory levels in the warehouse and make items more accessible. Checkpoints are also used by ERPs to assure the quality of final goods.

How to Determine the Right Time for Implementing ERP?

Businesses may not even recognize their expansion has been stifled until it is too late. Here’s a brief checklist to help you figure out what your company’s problems are.
• If your company is having trouble managing all of its diverse data sources. Consider investing in an ERP system to ensure that all of your data is kept safe and secure.
• Existing legacy systems that are ruining your IT budget with updating and repairs. Move over to a Cloud ERP system and eliminate unwanted maintenance costs and updating.
• Diminished customer experience because of the lack of an effective customer management system.
• For a quickly growing company, the flexibility to scale according to business needs is critical. A cost-effective cloud-enabled ERP system is perfectly capable of making such a change.

Reasons to select ERP

Keep reading to learn more about the various advantages of ERP in manufacturing.

1.Manufacturing:

Any ERP system’s main goal is to boost operational efficiency and return on investment. In order to do this in the manufacturing industry, the corporation must keep track of several operations such as product planning, forecasting, and ensuring product quality. Another key component of ERP systems is automation, which assists businesses with tasks such as planning, scheduling, and delivery. Automation, on the whole, leads to better time management and fewer downtimes. Quality control features and end-to-end audit processes are included in a number of ERP systems.

2.Operations:

To get a rapid picture of the complete production process, managing your supply chain is essential. This entails managing all aspects of your product’s flow, from manufacturing to fulfillment through returns and refunds. Customer satisfaction will improve as a result of having a broad concept of availability, pricing, and delivery. It’s possible to cut expenses and beat the competition by efficiently managing your supply chain activities.

3.Inventory Management:

Inventory management is an important part of the manufacturing process. ERPs can help with managing inventory as well as provide reports on warehouse operations and inventory levels. This greatly reduces waste and non – value costs.

How PMTRACK ERP Helps Manufacturing Industry?

Here we will look into some of the unique features that PMTRACK ERP provides the manufacturing business

Engineering:

PMTRACK ERP enables easy connectivity with applications such as CAD, resulting in better product design and Bill of Materials management. By integrating LIFO, FIFO, and other costing strategies with PMTRACK ERP, costing becomes more efficient.

Service:

PMTRACK ERP Companies in Pune make it simple to streamline and manage case management, warranties, and other customer service requirements. It’s feasible to priorities support tickets based on client email addresses by automating case management. Escalation can be configured using customizable parameters and a priority system.

Financials:

PMTRACK ERP allows users to create fully customizable dashboards that display numerous functions such as accounts payable, accounts receivable, and reports. Various revenue statements and balance sheets can be compared side by side. Taxes, invoices, and finance costs can all be generated automatically.

Order Management:

PMTRACK ERP gives you a complete picture of the order management process. Orders, delivery, and other trends affecting order management are all included. Drilling down to the last detail is also available with PMTRACK ERP with a few clicks.

Supply chain Management:

PMTRACK ERP combines superior resource planning with seamless supply chain management. By examining historical data, trends, and seasonal variances, improved demand planning aids in better understanding inventory levels. For enhanced corporate visibility, PMTRACK ERP Company in Pune identifies data trends such as important spending and SCM metrics.

If you’d like to learn more about how PMTRACK ERP can help your manufacturing company, then fill out the form below. On our dedicated blog, you can learn more about PMTRACK ERP for Manufacturing Companies. If you want a quick demo, contact PMTRACK ERP for a customized demo and quotation.

top erp trends in 2021
31Dec-20

Top Trends Transforming ERP Software in 2021

In today’s quickly developing technology landscape, the enterprise is continuously on the lookout for flexible software solutions to make more efficient their processes and make stronger their knowledge.

While a mainstream of enterprises uses ERP solutions, it is similarly important to keep them up-to-date to keep speed with the latest technological advancement. Safety limitations, clean information, and spreadsheet reliance are a few of the disadvantages of inheritance ERP systems. As a result, it is necessary to improve your accessible enterprise systems to maintain the cut-throat competition and unstable market conditions.

Reasonably, maintenance up with the latest ERP trends is beneficial to both the customers and service providers. As we approach the year 2021, we are going to see many advances in the ground of enterprise resource preparation. Let’s discover the top ERP trends that will control the year 2021.

Industry leaders are varying their ERPs from on-premise systems to cloud-based ERP solutions base on a digital core, offer real-time access to transactional data. For them, the dim is to create a path to the digital transformation of information crosswise the enterprise. exciting new business model to help amplify productivity, make the better insight, plan better strategy, improve decision creation, and make cost savings.

Latest ERP Trends For 2021:

The quick advancement of knowledge is very important for ERP software to ensure organizations maintain stability with the varying business speed and stay in front of the market. This is true for mainly of them, with enterprise resource planning. In this light, keep up with the latest ERP trends is beneficial to consumers and service providers.
PM TRACK ERP provides the best ERP solution for the manufacturing industry in Pune, we help to manufacture companies to solve the problems faced by manufacturers. The PMTRACK ERP software will take care of the many production and inventory requirements of businesses in the manufacturing industries.

1. Accelerated Cloud implementation

There’s not anything new about moving to cloud-based ERP software. But it’s one of the game-changing trends that carry on failing. In the past, ERP software was accessible as an on-premise solution whose set up fees and hardware costs made the system too costly for the medium and smaller business. Furthermore, ERP users had fears in inserting their company’s records in cloud storage.
It makes ERP systems easier to get to SMBs and users no longer have to concern about costly system maintenance and upgrade. As of today, SaaS ERP solutions are now dominating the market with the rising acceptance of cloud-based models. A company using on-premises ERP has realized its restrictions including inflexibility, cost scale, and need for innovation. It is, consequently, quite obvious that cloud adoption is leaving to play a very important role in civilizing present-day ERP systems.

2. Increased acceptance of Mobile Application

Mobility also leads to having a more correct and suitable data capture process. Workers can collect and key-in information straight from the field. It eliminates the requirement to wait for them to return to the place of work and enter data. Furthermore, it reduces the instances of manufacturing delay by provided that better communication between different entities.
Complete mobile support will be amongst the basic functionalities of a recent ERP tool. Separately from given that on-the-go contact to data, the mobile approach in ERP brings an excess of benefits. That means back-end and front-end actions are accessible on mobile devices such as smartphones and tablets. For example, workers working outside the office place can close up deals even from home. It is probable since of the simple access to all the information and tools they need in one position.

3. Real-Time Data:

Real-time data has forever proven to be helpful for the popularity of organizations. several of the common benefits include:
1.smooth Business Functions
2.improved Customer Experience
3.correct and In-Depth Insights
ERP systems are a mixture of multiple tools that are used by a variety of departments. This means ERP is by remote the best software to easily communicate all your business information crossways multiple departments.
One harder to believe the advantage of real-time data offered by ERP systems is, it help you improve your consumer service. all you require to do is put together your CRM software with your ERP system and you’ll be able to access your customer’s vital information under one cover.

4. Integration of Artificial Intelligence

Artificial Intelligence (AI) and machine learning (ML) is a comparatively new concept in the ERP industry. When AI technology is included with an ERP system, it provides companies with pioneering data processing capabilities and transforms business data into actionable insight.
Being linked to the ERP systems, AI technology bridge industry, and functional silos. It uses bright analytics to help users make knowledgeable decisions, work faster, and keep away from manufacture many mistakes. This frees up employees’ useful time, which they can use for performing additional precious tasks.

5. Powerful Analytics

The heritage ERP systems have forever been very useful in collecting and arranging data. Though, they are not as powerful in reporting and analysis. The mainstream of the current ERP systems is natively prepared with powerful data analytics features. It is majorly since companies are prioritizing the skill to create data-driven decisions quickly.
Going onward, these ERP platforms are able to process both prepared and unstructured data from various departments and consequently store up every essential information accessible to create a predictive analysis of potential marketplace trends.

Several companies are still not sure whether or not they must spend in an ERP system. We can’t speak for sure that you need one, but we can say with assurance that it’s worth the reflection. Check out our article on why ERP software important and why use an ERP to help you build a more well-founded conclusion.
PMTRACK ERP provides the best ERP solution for the manufacturing industry all over India, to schedule a free demo, get in touch with our team info@cloud9technologies.in

Posted By Category: ERP Software
Top Reasons For Erp Implementation Failures
11Dec-20

Top Reasons For Erp Implementation Failures & The 11 Steps To Success

Few people in a company ever realize how complex an ERP implementation is and how the difference between ERP success and ERP failure maybe a few key elements. Some of the common mistakes that can significantly increase your chances of success if avoided are mentioned below.

It is popular to suggest that technology should work with people, not the other way around. In a similar manner, the Planning Enterprise Resource Planning (ERP) system of an organization is like the body’s central nervous system. If it is safe, it provides management with sensory input so that they can understand what’s going on with consumers, vendors, and workers. Implementing an ERP system for your organization is the best investment a company can assume of.

ERP systems are the fundamental sales-to-cash, accounting, reporting, compliance, human resources, supply chain, customer, and sales IT systems that companies rely on every day. Yet, even with this serious role ERP systems participate, mainly companies fail when in it comes to implement or upgrading their ERP system.

The causes of ERP failure include

1. Incorrect Requirement Gathering
2. Inadequate Team Resources
3. Not Enough User Training
4. Non-sufficient Funds
5. Non-sufficient Data Cleansing
6. Insistence on Making Erp Look like Legacy
7. Lack of Testing
8. Lack of Communication
9. Lack of Investment in Change Management
10. Business Management Is Not Dedicated To the Implementation
11. Not Having a Maintenance Plan

Incorrect Requirement Gathering:

Taking business processes is also and implementing them with an ERP framework is very normal and very tempting, while this is conceptually understandable, you will have to take the time and make the effort to evaluate those processes as part of the selection of your ERP requirements implementing a new ERP framework is an opportunity for the business processes to be defined and improved/redesigned. Automating a bad process just makes it quicker to run a poor Process.

Inadequate team resources:

Inadequate resources have earned the spot of Number 2 on the Top Reason ERP Implementations Failed List for a couple of reasons; the first being budget. It is always essential to budget properly for any project. Though, when selling with companywide integrations there is much less flexibility.

Business does not execute whole ERP systems from the ground up frequently. So when an organization decides to do so, it must be done right. Though implementations can get costly, the cost of moving forward with inexperienced income is far better. Cutting corners is predictable at times but must never be considered when choosing a suitable professional to take out an implementation.

Insufficient User training /support

ERP implementation requires skilled users. Any user not trained in advance will be siphon off resources from the implementation support team. As the accessible support funds reduce, the capability to determine go-live problems decreases and the completion implodes. The management shouldn’t hurry to create using the tool without sufficient training to users. Today’s recent ERP systems are individually used by more and more personnel within a company. Further than the Finance and accounting departments, current systems also cover supply chain functions, compliance, customer relationships, sales, and much more.

If the organization includes human resources or cost reporting, then basically all employees use the scheme. Guidance hundreds or thousands of users, to the correct depth, at just the correct time, is no simple task. Leave-taking training to a small phase at the end of the scheme makes it very hard for users to get the guidance they require to appreciate the system and have a constructive first impression at the level.

Non-sufficient funds

ERP implementations are costly, and you should constantly be careful about not wasting money. Although, the cost of an ERP failure makes the implementation cost seem like pocket vary. Create your best estimation of cost and increase that estimation by 25% when you make inquiries for a budget.

Non-sufficient data cleansing

Extremely frequently it is supposed to it is the IT team’s sole liability to take care of the data purification process. Although there are great data cleansing tools currently accessible in the market, though, they can only help in recognize the possible areas and records that are extremely possible to be clean, not clean it themselves.
In another case, before affecting the new ERP system, the person’s involvement is necessary to authorize the closing stability of the company. This is the solution to obtain true data integrity and accuracy.

Persistence on creation ERP looks like a heritage

Over-customization increase each other cost and risk, it makes improvement and testing more difficult and it reduces ERP functionality

Lack of TESTING

It should be treated as a rectifying stage. When schedules get tight, reducing the number and depth of the test cycle is one of the first areas that frequently get cut. The reason for testing in an ERP project is not to see if the software works. The purpose is to see if the system meets your business requirements and produce the output you need. Dropping testing may not leave defects undiscovered, but it surely increases the risk the ERP system will be missing important functions or not be well conventional by the end-user.

Lack of Communication

To keep away from this problem, “make a project communication plan for all phases of the project,” Put together “a small core team that converses and works shining with one more and that has authority in the business area most influence by the new solution.

Then generate certain they are kept completely up-to-date on plan progress at all time” and, in revolve, wait for all those in precious areas up to date.

Lack of investment in change management

“To keep away from rework and make sure that end-users carefully understand the changes that will happen upon go-live, organization [should] identify essential process changes early in the complete project,” End-user guidance must think not only the transactional aspect of a user’s role but also the changing communication with other users and with the system not an element of the new solution. By deliver [appropriate, timely] training, users are probable to believe the new system at an earlier speed and with better success.”

Business Management is not dedicated to the implementation:

Without this promise, no one else in the organization will be dedicated either. Advise rescheduling of the ERP project rather than venture leadership attitudes will someway “come approximately”.

Not having a Maintenance plan:

Implementing an ERP system take time, but the work hardly stops one time the system is successfully in place. Businesses must implement a maintenance strategy to make sure workers are associated with what desires to be done to continue and recover the ERP system on a normal basis so it doesn’t suit outdated.

“Out-of-date ERP system can put companies at danger for safety issues and holes in their business processes,” he explains. “Have a set plan and conveying who in the business is dependable for the project and maintenance at a certain time will make sure the ERP system is always management easily and is up-to-date with the latest application.”

PM TRACK ERP provides the best ERP solution for the manufacturing industry all over India, to schedule a free demo, get in touch with our team info@cloud9technologies.in

Posted By Category: ERP Software
ERP Software Benefits for Plastic and Rubber Industry
9Dec-20

ERP Software Benefits for Plastic and Rubber Manufacturers

As you identify, India is the main player manufacturing all types of rubber products whether it is small or large for export and also for domestic purposes. Many rubber products are created in large & small industries or the SME sector of the country.

Now, the use of rubber products is growing worldwide & suitable for this, the competition is also rising day by day. Variable prices of raw materials are a big confront for rubber industries. The major challenges which they are facing are efficiency, worth of product & its price factor. The product life cycle is small & the clientele is very price responsive. The revenue of the manufacturing industries is completely dependent on this only.

PMTRACK ERP Supports the Rubber & Plastics Manufacturers

PMTRACK ERP is satisfied to offer our industry-leading ERP solution to businesses in the rubber and plastics industry. Changes are predictable in all industries, but rubber and plastics face unique challenges related to system, and custom client requirements. Our ERP solution is ready to help manage a wide range of considerations.

PM TRACK ERP helps to manufacture companies to solve the unique problems faced by manufacturers. The PMTRACK ERP software will take care of the many production and inventory requirements of businesses in the rubber and plastics industries.

It will also help you mechanize and rationalize your business process for peak efficiency. A full view of each feature of the manufacturing requirements will agree to for any irregularity to be immediately marked and acted upon before any costly damage or mistake can take place. There are serious rules mixed up in the rubber and plastics manufacturing industry that can be hard to follow. Avoid costly penalty means with complicated ERP software that financial records for every feature mixed up in the

PMTRACK ERP has helped many clients from the plastics industry. A different category from this manufacturing similar to Plastic Molding manufacturer, Reclaimed Rubber Industry, Woven, and Non-Woven Bag has been benefited extremely by PMTRACK ERP. Our client base comprises manufacturers of auto plastic machinery like electric parts, computer peripherals, packaging parts, and auto parts along with manufacturers from woven fabrics, woven and non-woven sacks materials.

With the stable growth in the plastics manufacturing industry, there comes a permanent requirement to add to output competently. As higher complexity increases, so does the harm on your business income. One method to run the work is with the use of strong Enterprise Resource Planning (ERP) software. Have a better business system in place that governs every characteristic of your workflow will decrease loss, increase efficiency, and make the most of the profits.

ERP software Company in pune covers each feature of your business requirements, from the plan and manufacturing process, throughout to accounting, estimation, and customer service managing. Have this level of addition helps to ease the passage from one process to the next.

Benefits of invest in ERP software for plastics and rubber manufacturing:

1.Reduced Design times
When it comes to plastics, your business probably handles a multiplicity of different clientele, with varying requirements. The design procedure can be slow, though using ERP software, this can be enhanced. You will be capable to map the clientele requirements into your plans, though also factoring what is likely officially.

2.Reduced margin of error
Mistakes cost businesses currency. Miscalculations at the design stage or missing some essential information about the customer’s specific requirements can guide to overspend. PMTrack allows you to keep a better way of this detail and make the correct calculation that does not crash on your profits.

3.Get better lead times
A well-organized workflow will mean that clientele will be capable to obtain their goods within a tighter turnaround. The capability to offer summary lead times will carry about the new clientele, as well as recur orders.

4.Correct Pricing
Your consumers want to correct quotations before the insertion of orders. Have the capability to factor the constraint on the price will help you generate this, and a bill of material that can be issue punctually and precisely.

5.Check utilization of materials
One area where manufacturers can drop money within the production process is waste. Where the discrepancy is created in a load of raw material compared with the production product, PM TRACK ERP SOFTWARE can help resolve this. With the correct information, you can set the precise waste target to help you maintain tighter management of your manufacturing costs.

6.Useful production managing scheduling
Each new buyer order frequently comes with a different set of manufacturing challenges. With manufacturing ERP software, you can prepare the most competent way to produce an exact design. The classification will tolerate you to plan responsibilities and run income, significance every feature of the whole project can be maintained in fact.

7.Manage Quality
A part of the manufacturing procedure that is essential is quality control. Have the best systems in position will permit you to offer your services to the client with confidence. Your ERP software can control the quality control procedure, by store batch information and quality control certificates digitally.
PMTRACK ERP software provides an all-in-one solution for Plastic Manufacturers. Contact us to know more.

8.Handle your tooling procedure
Your business will be managing many jobs at any one time, and ERP software can help with blanking-off. You’ll also be capable to track the duration of your tools, allow you to service or retool as essential.

ERP Software improved efficiencies, profitability, and Decisions

PMTRACK ERP helps Rubber and Plastics Industry Manufacturers to improve business processes, consumer service level, and development resulting in less waste and a reduction of costs whereas you maintain to ship similar high quality manufactured goods.
Contact PMTRACK +91-8600004221, Email-id:info@cloud9technologies.in and ask us how you can resolve your major challenges with PMTRACK ERP for Rubber and Plastic industry.

Posted By Category: ERP for plastic industry
erp importance in 2020
7Nov-20

Why ERP Software Is Important & Why Use An ERP In 2020

An ERP usage includes introducing the product, moving your money related information over to the new framework, arranging your clients and cycles, and preparing your clients for the product. Whenever you have chosen your ERP solution. You can get the best ERP software in Pune. The PMTrack is the top ERP company in Pune The subsequent stage is executing ERP framework programming. With your group collected, the phases of usage become possibly the most important factor.

The important factors are:

1. Disclosure
Consists of cycles that help characterize the need, vision, extent of the venture, and acquire responsibility from the client to proceed.

2. Plan and Monitor
Consists of cycles that include building up a system to finish the work, just as measure the advancement and make the restorative move as required. This happens throughout the whole cycle.

3. Examine
This stage is a more definite degree of disclosure and comprises of cycles that include gathering nitty-gritty prerequisites and breaking down the customer’s business needs.

4. Manufacturer
Involve measures that complete the errands recognized in the methodology.

5. Settle
Consists of a bunch of cycles to guarantee an answer meets the customer’s necessities and is prepared for full sending to a live creation climate.

6. Send
Processes that will convey the answer for a creative climate.

7. Post Go Live
Processes that are set up to help the customer once they are live on the arrangement, which leads to extending the conclusion.

How to Choose the Right Solution

With any huge programming buy, it’s imperative to comprehend the means required to guarantee the acquirement measures runs as easily as could be expected under the circumstances. Choosing any product answer for your business, paying little mind to its expected degree of utilization, can be an overwhelming and tedious assignment, with numerous possible entanglements route.

1.Framework prerequisites

Before your business even starts to contact conceivable ERP framework merchants, it is basic that your business has an away from what they need from a planned framework. With ERP frameworks ordinarily working across numerous divisions, it is significant that those included inside the obtainment measures counsel every individual who will be in contact with the framework, from end clients to ranking directors.

2.Organization objectives

Just as setting up your prerequisites from any forthcoming framework right off the bat, it is likewise critical to consider how you visualize another ERP framework helping the business with accomplishing its organization objectives, both short and long haul.

3.Framework combination

Choosing an ERP arrangement that can’t incorporate with frameworks that are presently effectively being used inside your business could prompt superfluous expenses and issues, with the advantages you secure from your new ERP framework liable to be predominated by the issues that it has caused in different zones.

Primary Benefits of ERP system

There are various benefits of the ERP system as discussed below:

1.Improved Process Efficiency

An ERP stage disposes of dreary cycles and extraordinarily lessens the need to physically enter data, which improves client profitability, however it wipes out the chance of off-base information which could prompt the creation of expensive business botches. The advantages of executing an ERP framework in an association will likewise improve everyday business exercises by smoothing out business measures, which makes it simpler and more productive.

2.Exact Forecasting

Venture asset arranging programming gives your clients, and particularly chiefs, the instruments they have to make more precise figures. This helps programming clients, and organizations overall, think ahead and appropriately plan what they need from stock and deals down to financials and client assistance. With more grounded determining, organizations can adequately diminish business costs, which sets aside cash just as become a more generally proactive unit.

3.Versatile Resource

Did you know? Organized ERP frameworks permit the expansion of new clients and capacities to develop the at first executed arrangement over the long haul. There is no stress over whether you will require a fresh out of the plastic new framework once another client or two should be added.

How to Decide Your Business Needs ERP?

1.There are Different Software for Different Processes

ERP programming incorporates these frameworks so every business work depends on a solitary information base. With one wellspring of data that contains precise, constant information, an ERP solution separates data logjams, assists staff with settling on better choices all the more rapidly, and saves their opportunity to chip away at all the more high-esteem practices like helping the business become considerably quicker.

2. Access to information about Your Business is not easy

The movement of business is quicker than any time in recent memory, which implies representatives over your organization need prompt admittance to key information. With an ERP solution, heads can get an all-encompassing perspective on business activities whenever, while other staff can get the data, they have to manage their responsibilities all the more viably.

3.Bookkeeping Takes Longer and Is More Difficult

The equivalent goes for money related detailing if it takes ages to unite or accommodate monetary data across frameworks and through incalculable accounting pages, an ERP arrangement can have a huge effect. With all financials in a solitary information base, bookkeeping staff won’t need to go through hours cross-posting data, rekeying numbers, or accommodating information physically.

4.Deals and Customer Experience Are Suffering

With an ERP framework, then again, staff in each division will approach the equivalent, expert data. Client confronting reps ought to have the option to address the client’s inquiries concerning request and delivery status, installment status, administration issues, and so on, without hanging up the telephone and check with another office.

Measuring the Performance and ROI of ERP

It is reasonable for organizations to gauge the ROI of each drawn out speculation for assessing programming execution yet, numerous associations neglect to comprehend the correct method of ascertaining their profit for ERP venture. This is because they ignore the significance of assessing and archiving their targets of actualizing and ERP before the rollout. Albeit emotional, this assessment and documentation fill in as a base for ascertaining ROI in the more drawn outrun. Subsequently, to effectively quantify the ROI, it is significant for organizations to follow certain means and techniques. You can get top companies of ERP In Pune.PMTrack is the top ERP software company in Pune on which you can trust.

The formula for calculating ROI:

return on initial capital investment = [(Value of venture – Cost of speculation)/Cost of investment] * 100%

In the first place, begin allocating worth and courses of events to every one of your destinations to have the option to compute Net Revenue after its usage. For example, a 30% decrease in crude material wastage or a 40% decrease in over-loading. This will assist you with measuring the ROI at a later stage by taking away the securing costs from advantages and afterward separating it by the expense of obtaining (preparing cost, new labor prerequisite, worker hours required, execution time, and so on).

PM TRACK ERP provides the best ERP solution for the manufacturing industry all over India, to schedule a free demo, get in touch with our team info@cloud9technologies.in

Posted By Category: PMTRACK ERP
31Oct-20

Five Ways ERP Software Can Improve Inventory Management

Enterprise Resource planning software makes a purchase, sales, accounting, and production, supply chain plan, inventory, and all other business operations simple and hassle-free.
Let’s understand how a PM TRACK ERP solution helps you improve inventory visibility.

Inventory visibility is one of the important aspects of any manufacturing business. It helps organizations understand how much inventory is accessible, at what location, and at any particular point in time. To make sure inventory visibility, you must have access to view, control, and update your inventory position from trusted software.

Today, many small to mid-sized businesses depend on business management software to complete things, from invoicing to accounting to stock levels to client the executives. ERP brings every one of these arrangements into one application, and in this manner brings all data into one central hub. This implies that an update in sales, for example, will also change inventory, order management, and financial management. ERP softwareallows every region of your business to communicate, relate, and integrate all into one unique solution, which can potential to improve overall operations enormously.

How ERP Systems Assist Inventory Management

As a custom manufacturer, using an ERP system for inventory management is one of the smartest decisions that you can build. Not only will you keep away from the pitfall of using a worksheet, and all the person’s fault that can be connected with that, for example, mislaid or wrong information, but it can also save you the time exhausted in physically updating and balancing inventory.
By using an ERP system your inventory will routinely be included with all aspects of your process from planning during operations, production, and accounting. You will be capable to run your complete process from one scheme, and create your business more prepared, smooth, and competent.

No two ERPs are similar, but the list management element within an ERP will usually contain the next features:-Stock track and management
1.Sales and purchase order management

2.Multi-channel order completion

3.Storage management and stock transfers

4.Payment gateway functionality

5.Integrations with eCommerce, accounting, shipping, and other prepared tools

6.Intelligence reports and analytics

Let’s identify how an ERP solution helps you improve inventory visibility.

Benefits of ERP Inventory Management

1. Resolve changeable scenario:
ERP promotes automatic processes and included production functionality. It synchronizes production, sales, financial management, and warehouse management and automatically tracks the movement of every supply item.

2. ERP Systems Save your Money
Each business owner knows that effectiveness equals cost savings. Quite than paying for a separate system to switch different parts of your business, using an ERP for inventory management handle many different aspects of your business, reducing general workload and minimizing operating cost.

ERP inventory management systems are designed to reduce manual labor, by automate and streamlining procedures — all of which go hand-in-hand with raising a business. And ERP systems let you collect better worth data, which gives you insight into your business to assist you to follow your business routine and plan for growth.

3. Better supply levels and better customer relationships
Get near to point-of-sale online business, shipping data, procurement, and production data, all on a single display. This enables data-led decision-making which nurtures relations with customers and vendors. With real-time dashboards, businesses can view inventory status at different plant locations, warehouses, stores, etc.

ERP provides you the functionality to check trends to make sure you gather customer order on time. This develops a reliable client base which increases support and profitability.

4. Streamline the Business process
Exact inventory management can help increase a manufacturer’s overall effectiveness. Employees can invest their time on other tasks instead of for example trying to locate one specific piece of stock. With an ERP system, you can consequently monitor the stock you use on each work, which for example, will let you do proper production planning as you know precisely the amount of raw material you have on-hand, and you have to request to finish a work.

5. Forecasting, Restock, & Managing Excess Inventory
An ERP system keeps track of sales, purchasing, and logistics for you so that you can have the correct stock levels to coordinate your business needs.

With an ERP you can take advantage of an inventory management system that is in sync with the remainder of your activity, which makes it easier for you to manage things like long lead-items, as you can recognize these items during the design phase of a project, and have more lead time to arrange the thing and ensure you have it as expected.

Realizing real-time stock levels also make it simpler to recharge stock —an ERP can either naturally reorder materials for you, or send your purchasing manager a timely reminder letting her know that items need to be reordered. Without an ERP telling you that it’s time to renew stock, manufacturers can confront enormous costs to facilitate cargo when they are desperately in need of stock.
PM TRACK ERP provides the best ERP solution for the manufacturing industry all over India, to schedule a free demo, get in touch with our team info@cloud9technologies.in

6Oct-20

ERP Implementation: Phases to a Successful ERP

Implementation is one of the most critical pieces to reap the full benefits of any ERP software. It is also one part wherever you will find a great difference between software providers. After looking closely at the application provided with an exacting ERP solution, the software’s flexibility, and simplicity of use, the execution process should be examined directly too so that the quantity of time and work occupied input the software input is fully understood.

What is an ERP implementation?

What is ERP implementation? Powerful software suites like ERP frameworks dislike purchaser confronting applications where a download an introduction is everything necessary to begin utilizing the framework. To begin with, ERP software requires power-house infrastructure (whether that becloud or on-premise servers) to have it.

Your IT department will estimate the communications options and set up the base for the ERP software to run. Second, the function has a tremendously broad breadth of capability.ERP systems are highly configurable; often require the expertise of ERP consultants to translate your business requirements to the right pattern inside the software. ERP implementation covers all these aspects (and more).

5 Most Common Reason for ERP Implementation Failure

  1. Poor Change Management execution.
  2. Final result failing to achieve desired benefits.
  3. Change in business objectives during the progressing project.
  4. Poor Planning and Poor Project Management.
  5. Delayed deliveries from sellers.

The idea of evaluating and choose a new Enterprise Resource Planning (ERP) software can seem difficult. The time to not only evaluate ERP vendors, but your own process and needs can be intimidating.

There is, still, a way to simplicity during the method of the ERP implementation phase if you split it down into stage and execute an ERP strategy.  From there, you progress from one to the next and these lesser sections will be easier to begin slightly than looking at the big picture. There are various ways to phrase the phase, but here are the seven that I come up with to help out you organize your valuation:

1. Awareness of Need

The true creation of the valuation comes when you understand you require making a change. Whether or not you presently have an ERP, there must be an instance where it is clearly clear that what you are using, or not using, today is no longer best possible for how your company is successive.

There are many reasons for this includes a lack of functionality, out-of-date software, poor features, or a lack of flexibility. Also way, the effect is the same: you need the latest ERP solution.

2.Initial Research/Familiarization

In the event that you right now have an ERP, at that point, this stage will be beginning examination into new frameworks and what is out there. Though on the off option that you are originating from manual technique, it will be an associate of the thought of an ERP just as what is offered. This examination should to similarly include an investigation of your organization’s cycle and what you will need from an additional structure.

3.Reaching Vendors/Gathering Specifics

Since you are ready with information, you should start to contact merchants to get more clear information. At that point, if there is no motivation to keep out the vendor, we move about to the next phase: demos of the product.

4.Preliminary Round of Demos

Depending upon the number of merchants you chose after beginning exploration, this could be one of the longest of the seven stages. The demos ought to be point by point reviews that are semi-customized to your necessities. It should give you a true vibe of the product and a Q/A convention ought to continue not with standing posing inquiries during the demo.

5.Choosing the Final Competitors

This is the place it might get precarious, especially if you have a large team of people evaluating the software. Particularly on the off chance that you have a huge group of individuals assessing the product. Contradictions will occur, yet in the event that you keep any contention based on the business, as opposed to an exacting individual’s job or division, there is constantly an advance to pick the key a few.

6. Proof of Concept with Vendors

With the final list now in hand, you can jump deep into the demo that is full of your data. The ERP vendors must be able to explain to you closely how the system would run at your business and how you would run your business with their software. Be as particular and exact as possible; this is the stage wherever you want to disappear no stone unturned.

7. Final conclusion

After all conversations and the last round of demos are completed, now is the time to make your choice. Ideally, one of the ERP solutions would have jumped off the screen at this point, but if not, it will have to be an internal discussion that produces the final choice.

PM TRACK ERP provides the best ERP solution for the manufacturing industry in all over India, to schedule a free demo, get in touch with our team info@cloud9technologies.in

Posted By Category: ERP Software
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