The world is changing rapidly.  Agile, flexible, and resilient operations allow businesses to adapt to change quickly and effectively.

B2Grow’s suggestion for developing agile, flexible, and resilient operations are following:

1)     Business policy – A well-designed business policy can help to promote agile, flexible, and resilient business operations. Management should focus on  some point during developing business policies

a)     Business policy always be open for adopt change as per demand.

b)     Involve employees in the development of business policies. 

c)      Make sure that business policies are clear and easy to understand.

d)     Review and update business policies regularly. .

e)     Communicate business policies to employees on a regular basis.

2)  Empower employees to make decisions.- When employees are empowered to make decisions, they are able to respond quickly to change and take advantage of opportunities. Here are some suggestions for empowering employees

a)      Train employees on decision-making skills.   

b)      Create a culture of trust and respect.

c)      Healthy workspace. 

3)  Data Driven Technology –  Data can help businesses to adapt to change quickly and effectively, and to withstand disruptions. Here are some way for adopt data driven technology

a.      Collect the right data.     

b.     Analyse the data regularly  

c.      Use data to make decisions at all levels of the organization. 

d.     Update Data according market trend

4) Invest in innovation –  Innovation allows businesses to develop new products and services, improve existing products and services, and find new ways to operate more efficiently and effectively. Here are some input for investing in innovation:

a.      Create a culture of innovation:     

b.     Invest in research and development:    

c.      Businesses can partner with startups to gain access to new ideas

d.     Adopt new technologies:  

5) Invest in relationships with suppliers and partners – This allows them to work together to respond to disruptions and to meet changing demand. Here are some suggestions for investing in relationships  

a.     Be transparent: This will help to build trust and cooperation.

b.     Be fair: This includes paying them on time and giving them fair warning of any changes to your business.

c.      Be respectful: This means listening to their concerns and valuing their input.

d.     Be supportive: This support can be in the form of technical assistance, financial assistance, or marketing support.

6)  Reserve fund for meet business challenge – A reserve fund is a pool of money that is set aside to meet unexpected expenses or challenges.  Here are some way for building a reserve fund:

a)     Set a goal: Decide how much money you want to have in your reserve fund.

b)     Create a budget: Create a budget that includes monthly or lump-sum contributions to your reserve fund.

c)      Automate your contributions: Set up a recurring transfer from your checking account to your reserve fund savings account.

d)     Review reserve fund regularly: Review reserve fund regularly to make sure that you have enough money to cover anticipated expenses.

7) Customer like stakeholder – When customers are happy, they are more likely to continue doing business with the company and to recommend it to others.  Here are some suggestions for taking care of customers like stakeholders:

a)     Listen to your customers: Use customer feedback to improve your products and services and to make your business more customer-friendly.

b)     Be responsive to customer needs:  Resolve customer problem quickly and efficiently. This shows customers that you are committed to providing a good experience.

c)      Go the extra mile:  This could include offering discounts, providing free shipping, or simply being friendly and helpful.

d)     Build relationships with your customers: Get to know your customers and build relationships with them. .

e)     Show appreciation for your customers: You can appreciate your customer by sending thank-you notes, offering loyalty programs, etc

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Generally, industries or organization use ERP for centralization and operational consolidation. They do not have any long-term plan about ERP and sometimes they are not aware about it. They cannot utilize ERP to its full potential. Therefore, ERP does not have a proper set of data for business planning and forecasting.

There are another number of reasons why the industry is not able to utilize ERP to its full potential. Some of the most common reasons include:

1)     ERP is a solution not a service – ERP provider and Industry mostly discuss on service and cost. So, both parties not put much focus on industry told and un-told problem.

2)     ERP planning as per legacy other approach – In general Industry ERP planning based on his old legacy approach. Industry didn’t give much focus on vision and business trend.

3)     Unrealistic expectations – Some companies have unrealistic expectations about what ERP systems can do. ERP systems can be powerful tools, but they are not a magic bullet.

4)     Unmatured ERP solutions – Some case ERP suggest solutions is not much mature as per demand. So, ERP are not able to fulfil basic requirement.

5)     Poor Planning – During implementation phase Industry and ERP service provide doesn’t draft robust plan, then deployed system will not able to face all business operation effectively. 

B2Grow Suggest some solutions which help turn industry into data driven 

1)     Industry must have ERP vision – B2grow suggest industry first step must have clear ERP vision. When developing an ERP vision, it is important to consider the following factors:

• The organization’s business strategy: The ERP vision should be aligned with the organization’s overall business strategy.
• The organization’s current state: The ERP vision should take into account the organization’s current state, including its existing systems and processes.
• The organization’s future goals: The ERP vision should reflect the organization’s future goals and objectives.

 2)     Proper business strategies – Proper business strategies are essential for the success of any business. ERP process should reflect business strategies approach for planning and forecasting.  Here are some tips for developing and implementing proper business strategies:

• Start with a clear understanding of your business and its goals. 
• Analyze your target market. 
• Identify your competitive advantage. 
• Develop a plan for growth. 

 3)     Business challenge planning –  B2Grow suggest initially industry must plan all predictive and unpredictive business challenge with suggestive solutions.  Industry can discuss some expert to plan all this case. Industry must consider following strategies for draft business challenge during ERP planning

• List of Predictable Business challenge with solutions
• List of Unpredictable Business challenge with solutions
• Associate risk and it’s prevention

 4)     Data planning – Effective data planning provide strong base for analysis. Industry must have next 5-year vision, it will help to create data planning to achieve industry vision.  Data planning for ERP should consider following activity

• Industry business policy to meet its vision
• ERP data format
• Define common data format which fulfil industry vision requirement and ERP data format requirement

5)     Data science – Data can’t do anything alone. It is useful when it is available on presentable format.  Data science is a technique which display data in useful manner. If industry are considering using data science in ERP system, there are a few things you should keep in mind:

• Start with a clear understanding of your business needs. 
• Identify the right data. 
• Invest in the right tools and resources. 

6)     ERP selection – ERP selection is a crucial factor which play import role in ERP success and ERP data drive approach. ERP selection should consideration following point

• Functionality: Does the ERP system have the functionality that the organization needs?
• Ease of use: Is the ERP system easy to use?
• Scalability: Can the ERP system scale to meet the organization’s future needs?
• Integration: Can the ERP system be integrated with other systems that the organization uses?
• Eco System: Does ERP have strong eco system?
• Development time: Which ERP cover all requirement in minimum customization?

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Challenge: One of the largest automobile dealers has multiple companies, locations and brands. Due to this, automobile dealers were not able to manage purchases in real time, there were problems in availing the scheme provided by the manufacturer, stock tracking was not possible. Huge manpower was deployed only in purchase accounting          

                                                                                                                               
Solutions:
We provided ERP consulting. We audited the existing ERP and suggested the following ERP solutions.
1) Open-source ERP:-  We suggested Open-source ERP ERPNext systems which provide the ability to modify the source code to meet the specific needs of your business.  
2) One format for all activity:- Using a single format for all activity can make it easier for users to learn and use the ERP system. It can also make it easier to generate reports and analyze data.
3) ERP and old form:- based entry pattern: Maintaining a similar entry pattern to the old form-based system can help with user acceptance.
4) Business logic set as ERP process:- Setting business logic as ERP processes can help to reduce entry time and human error.
5) Voucher authentication as per organization employee hierarchy:-  Authenticating vouchers based on the organization’s employee hierarchy can help to prevent fraud and ensure that only authorized personnel can approve vouchers.

The post ERP centralization 6 companies with 35 brand and 3500 employees across 50 locations to enhance productivity and standardization resulting increased bottom line appeared first on B2Grow.

Supply Chain Management (SCM) is the management of the flow of goods and services and includes all processes that transform raw materials into the final product.

Challenge – SCM planning depend on the actual requirement of the final product. The final product requirement tells about the actual requirement of raw materials and the process required for the final product. But actually, many industries fail to predict actual requirements.

Solutions – Accurate product forecasting is the solution to this problem. Effective ERP help industries analyse and forecast the requirements of product monthly wise and territory-wise. ERP like ” Open sources ERP ERPNext and SAP B1 for small and medium size industries and SAP S/4 Hana for large enterprises” help in forecasting and analysis.

Data from other sources – ERP helps in the forecast and analysis of other sources of data. ERP also provides facilities to align other sources of data with him.

Benefit – Correct data prediction help in reducing stock and other overhead costs. It also helps to meet customer demand. It also helps to transform dead time into productive time.

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Small and medium-sized a business owner are the ones responsible for executing business plans and winning new business, but you might also be answering the phones, filing the paperwork, and dealing with vendors. The smaller your business, the more tasks you’re likely to have. This time crunch can be difficult to manage and can cause important matters to fall through the cracks. Time managment is a typical problem in a business

ERPNext is an intelligent ERP. They provide real-time analysis and forecasting of all departments. This saves a lot of time for the business owner , also helps in decision-making and show importance of time management.

ERP Automation tool automated the tasks and set reminders. This tool automates tasks as per best business policy and sets reminders. Employees need to follow only ERP instructions. This tool frees the owner from the daily repeated task.  

ERP helps the industry in digitalization. This reduces paperwork and repeated tasks. 

ERPNext is best ERP for Start-up, Small and medium industries from India, America, Africa or any place around the glob.

ERPNext Business analytics tool best for small and medium-sized industries compare to Google Analytics, Microsoft Power BI, and other tools in terms of cost. In term of features ERPNext Business analytics tool fulfill small and medium size industries’ requirements

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1. The Internet of Things

The internet of things devices such as machines and sensors are expected to generate 79.4 Zettabytes of data in 2025 which is predicted  by IDC (International Data Corporation). Also  CAGR of 28.7% over 2020 tO 2025. According to the  projection of the statista Research  Department, 75.44 billion devices will be connected with the IOT  worldwide by 2025.

2. Wearable technology

Wearable Technology Market worth $56.8 billion by 2025 with a growing CAGR of 11.28% as  per  MarketsAndMarkets. Wearable devices are small, worn discreetly in any environment, personalized, and capable of being integrated into any communication networks, facilitating remote monitoring

3. Big data analytics

Big data analytics sector in India is expected to witness eight-fold growth to reach $16 billion by 2025 from the current level of $2 billion: Nasscom

4. The age of context

what information you would like to see, and how you would like to see it, will begin to have a real impact on performance. PCs and mobile apps will increasingly integrate context aware functionality to anticipate user needs and improve the efficiency of day to day tasks.

5. Opening business to innovation

Over the next few years, technology like wearables, the IoT and big data analytics stand to reinvent business processes across many different industry sectors. Organizations need to keep an eye on technological advances, even those that may seem to be irrelevant.

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