Enterprise Resource Planning (ERP) software that connects your finance, accounting and operations data is a must have in this competitive age, particularly for dynamic and fast-growing companies to be a step ahead of their competitions.
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Manufacturing has been slowly rising in the U.S. and across the world. As the manufacturing industry is expected to pick up steam in 2017, many manufacturers are paying attention to areas which they had neglected previously. One area which requires a major revamp is manufacturing investment in modern ERP systems
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Because two-tier ERP deployments are not the same as traditional ERP projects, organizations must consider different factors when evaluating software. The two-tier ERP strategy trend, in which companies run a primary ERP system on-premise with one or more additional ERP systems in the cloud, has been steadily gaining ground. Because the model is decidedly different than a traditional ERP implementation, there are some special considerations for those evaluating two-tier ERP.
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Implementing a fully integrated Enterprise Resource Planning solution is a complex process that takes significant planning and execution. It involves all the major business functions of an organization and a structured, proven implementation methodology.
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Implementing an ERP system is an expensive proposition that can cost millions of dollars (with the software licenses, consulting fees, integration costs, training and upgrades factored in) and take months, even years, to fully deploy. And, according to a report commissioned by Panorama Consulting, one in five ERP implementation projects (21 percent) end in failure.
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ERP software are beautifully designed tools benefiting businesses of all domains and verticals. Though often surrounded by myths, these software have been praised and decorated by everyone who have adopted this automation wonder of technology as a catalyst for their business’ growth story. The core activities of ERP software involves efficient management of your business,
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Change is required in the old IT skills for the new evolution. Past IT skills have been very technology focused like the coding, databases, hardware, OS support, Sysadmin, etc - very hardware and OS level focus. The new skills in higher demand business analysis looks into how to apply technology for business functions, cloud integration, more middleware, more data sharing. Big data focuses on how to use, integrate and derive insight from data
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Anyone in the market for an ERP system needs to get to grips with every last detail of functionality before placing their order, warns Malcolm Wheatley. Mistakes can be costly. Gloucestershire-based Fluid Transfer International designs and manufactures aviation and naval refuelling equipment such as fuel trucks, which they sell to defence ministries and airports worldwide. Each order is bespoke, finance director Richard Iles Caine told me. It starts with a vehicle chassis, onto which the company then adds the required components and sub-assemblies.
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When you need an ERP solution as robust, exhaustive, and feature rich as SAP/ Oracle Apps without their complexity and unaffordable TCO, LighthouseERP can come as a business transformation wand. Founded in 1987, Lighthouse Info Systems (LISPL), a Nagpur based company launched a highly specialized industry specific ERP solution -Lighthouse ERP. Constructed initially upon Foxpro platform, Lighthouse ERP developed and matured during 1987 to 2001 under the leadership of Rakesh Khator, an IIT-D and IIM-Alumni.
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Enterprise Resource Planning (ERP) empowers people to operate their business functions effectively & help them take timely and accurate business decisions. ERP is extremely important as it integrates data across materials, sales, distribution, production, finance, HR, projects for online and real-time visibility.
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For most manufacturing companies, cycle time is the heart of the business; a crucial KPI as it measures how fast the business is responding to customer orders. Cycle time measures the length of time from receiving an order to (produce &) deliver it to the customer.
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Major Projects like ERP implementations have an organization wide impact. Failure in such porjects can have disruptive to catastrophic effects in financial and operational sense. A study by Analyst firm Gartner says that 55% to 75% of all ERP projects (including Tier-One Products like SAP and Oracle) fail to meet their objectives.
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Under the new GST era, the GST Council took the decision to launch the e-way bill from 1st Feb 2018. This e-way bill decision was delayed due to technical glitches in the governments IT backbone readiness.
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Generally, ERP and CRM systems tend to remain siloed as their contrasting architectures make it difficult to streamline integration. Those who try to create seamless connectivity between the two often turn to custom point-to-point integration.
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In today’s competitive global markets, it’s not going to be enough for manufacturers to simply maintain the status quo. Lean and tech- enabled manufacturing process is more important than ever. Sharing information between the manufacturing floor and business systems can enable manufacturers to
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