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.

Some key challenges that professional services organisations must consider include:

1. Consumer awareness

Customer wants tracking of services. If a service industry does not provide tracking services, the customer may not want to do business with them. ERPNext helps in providing the service industry with updated information on various parameters that will help them while dealing with their customers.

2. Financial challenges

Many service industries make financial decisions that cause them to fail before their first anniversary. ERPNext Project Budgeting and Budgeting features help prioritize cash flow for business and projects. Budget feature helps in monitoring company and project profit margin

3. Centralization

Service industries typically use spreadsheets, which are time-consuming, manual, and provide disparate and scattered information on different desktops. ERPNext centralizes all departments. It provides real time data and it also saves reporting and entry time.

ERPNext addresses customer needs and operations, which increases company efficiency. .

4. Customer Acquisition

Retaining existing customers and finding new ones is one of the biggest challenges for service industries.

ERPNext provides complete visibility into customer satisfaction, performance analysis, and project implementation, execution and delivery, all in one place. It helps in identifying the best opportunities and converting them into clients.

5 Maximising billable hours and resource utilization

In service industry every employee’s number of billable hours is directly correlated to the profitability of the business. In services industry, there are high chances that your employees’ days are filled with meetings with customers and conference calls.  

ERPNext provide timesheet feature which help to track all activity of employee and it can share to customer also.

ERPNext provide feature convert billable hour into invoice,

The post ERPNext – Help service industries articulate and demonstrate value appeared first on B2Grow.

Stock Aging (inventory aging) as the term indicates, is the age of an SKU or a product. Stock Aging has a reverse effect on ROI. If Stock Aging increases, then it holds the company’s cash flow, defiantly it will reduce the company’s return on investment. Cash flow is necessary to maintain fund rotation

ERPNext notifies industry item which has cross-defined age. Our scheme management solutions help businesses become successful as lower prices for a limited period to attract more Customers.  Scheme management is a limited time offer of discounts on specific item.

ERPNext provides website and customer portal. Once the industry launches its scheme it will visible online also. We can also notify all existing customers and visitors,  by mail or SMS about the new scheme or discount . It helps the item to stockout before reaching max-age and makes cash flow effectively

The post <strong>ERPNext Scheme Management</strong> – <strong>Make </strong>business cash flow<strong> effectively</strong> appeared first on B2Grow.

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

The post ERPNext – Best Solutions to the business owner’s lack of time problem appeared first on B2Grow.

Data Transfer directly from machine to ERP (Machine connect with ERP)

Machines on the factory floor are equipped with sensors that feature an IP address that allows the machines to connect with web based ERP solutions ERPNext or SAP. This connectivity helps in transfer of large amount of valuable data directly from the machine to the ERP. This huge amount of valuable data helps the industry to analyse and make decisions in business

Common web based platform of all business Entity

Common web based platform is a cornerstone of any Industry 4.0 strategy. B2Grow solutions bring all entity (like supplier, customer, distributor, retailer, and employee), department (like manufacturing, sales, procurement) in common platform.  Cloud helps make that possible. In addition, the typically large amount of data being stored and analysed can be processed more efficiently and cost-effectively with B2Grow cloud ERP solutions. B2Grow’s common platform helps the organization reduce operational time and make decisions faster

Predictive Analytics

Predictive analytics is the use of data, statistical algorithms and machine learning techniques to identify the likelihood of future outcomes based on historical data.

B2Grow ERP software allow manufacturing companies to take full advantage of the volume of information generated on the factory floor . For instance: Industrial machines are prone to breaking down during the production process. Using data collected from these assets can help businesses perform predictive maintenance based on machine learning algorithms, resulting in more uptime and higher efficiency.

 Edge computing

The demands of real-time production operations mean that some data analysis must be done at the “edge”—that is, where the data is created. This minimizes latency time from when data is produced to when a response is required. For instance, the detection of a safety or quality issue may require near-real-time action with the equipment. The time needed to send data to the enterprise cloud and then back to the factory floor may be too lengthy and depends on the reliability of the network. Using edge computing also means that data stays near its source, reducing security risks.

 Online – Offline data synchronization

 Some time company user not able to use cloud solutions because of internet connectivity. B2Grow erp sys offer solutions which work with and without internet connectivity. Suppose user making entry of process during entry time internet not available during this time solutions will run on offline mode, once internet connectivity come solutions come on online mode and all data which store in device in offline mode automatically synchronize with server.

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Business Process Automation (BPA)

BPA enables organizations to shift their focus from maintaining manual, tedious tasks to creating improved, orchestrated workflows that can effectively and efficiently add business value.  B2Grow use open source erp ERPNext, erp system of SAP, Open sources tool, Google platform for BPA. ERP vendor B2Grow have deep expertise in BPA

B2Grow Business Process Automation Benefit

Here are the some business process automation benefits.

1) Improved operational performance – B2Grow business process automation (erp solutions) also facilitates identification and correction of errors and bottlenecks in workflows. This help to achieve higher performance

2) Reduced resources costs – Manually executed process   always have a significant waste of resources. With B2Grow automation reduce manual effort, so  cost of operations is minimized, thereby increasing profit margins. Resources are optimally utilized and wastage is eliminated. 

3) Disk Space – B2Grow solutions allow to enterprise to maintain record on cloud and link with proper destiny. Having to move data manually can be time-consuming and heighten chances of errors. ERPNext and SAP Assignment Rule lets you set up automatic assignment of documents to Users.

Automation streamlines document management completely, making it effortless. B2Grow solutions allow document access on role based,  It provide securities to enterprise data. .

4) Improve customer satisfaction – B2Grow ERP solutions reduce customer response time. We set milestone and energy point rule for user. Our solution assigns   Energy Points automatically to users who achieve a milestone. 

This also helps meet service level agreements (SLAs) consistently. Products are services can be made available to customers in a timely manner. 

5) Achieve Transparency

B2Grow Automation provide automat dashboard to enterprise. This help to see all real-time report of enterprise on your desk. This provides transparency into processes. This helps teams stay informed about task assignments and encourages accountability.

6) Approvals- B2grow enterprise resource planning system makes approval fast, which means teams don’t need to spend time waiting and reminding managers.  The bandwidth freed up by automation can motivate employees to innovate and improve the way work is done.

Maximizing ROI

 Automation save significant amount of time each day, but it may let your employees focus on the more rewarding parts of their work. B2Grow solutions can also significantly increase customer satisfaction by speeding up key processes and communications. After all, customer retention can boost your ROI too: a 5% increase in customer retention can increase a company’s profitability by up to 75%.

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