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?

The post ERP – Turn from rough estimates to a data-driven industry appeared first on B2Grow.

At present, India’s GDP growth is the highest in the world and India’s per capita GDP is 2600 dollars. The government agency estimates that India’s per capita GDP will reach $4500 by 2031. Which is almost double the current price.

India’s GDP could more than double from $3.5 trillion today to surpass $7.5 trillion by 2031. Its share of global exports could also double over that period, while the Bombay Stock Exchange could deliver 11% annual growth.

Analysts working across sectors look at how this new era of economic development could bring about staggering changes:  boosting India’s share of global manufacturing, expanding credit availability, creating new businesses, improving quality of life and spurring a boom in consumer spending.

“In a world that is currently starved of growth, the opportunity set in India must be on global investors’ radar,” says Chetan Ahya, Morgan Stanley’s Chief Asia Economist. 

AI (machine learning), intelligence, effective resource planning and forecasting will be at the centre of all execution and planning.

 India’s per capita income set to grow by 70% to $4,000 by 2030

Rupee may strengthen to 70 to a dollar by 2030, says Capital Economics. It will increase purchasing power on indian industries

Manufacturing market is projected to have an annual growth rate of 8.36% is expected (CAGR 2023-2028).

The Indian Pharmaceutical industry  is expected to grow at a CAGR of 10.7% by 2030.

India’s Services Export To Reach US$ 1 Trillion By 2030

Take out – India’s potential and positive factors will result in India’s economy to be the world’s best making it a pivot point for manufacturing and service sector  growth and be world leader.

 In my opinion, the next era belongs to India for world wide growth dominance in every field. Let me know your opinion on the same and contact me at +91-7000616151 or DM me or email at mail@b2grow.com with your inputs as I look forward for healthy discussion and widespread coverage on this topic

The post India’s emerging economy – The pivot point to drive the world economy appeared first on B2Grow.

In the realm of consultancy, our role extends beyond professionalism; it’s a responsibility to alleviate the pain felt by organisations and their management. A recent encounter with the owner of a metal die manufacturing company highlighted the profound impact of our solutions. Despite substantial investments in software, he found himself confined to Excel sheets, a scenario common in today’s tech-driven era.

The company’s challenges were multi-faceted, but solutions were within reach. After a comprehensive evaluation of their software, I uncovered the pain points they had been grappling with, setting the stage for transformation.

Addressing Challenges, Delivering Solutions:

Challenge 1: Inaccurate Accounting The company’s software failed to provide accurate accounting, forcing the team to juggle multiple tools. I identified the root cause – incorrect stock valuation. This discrepancy cascaded into imbalanced balance sheets, profit and loss statements, and trial balances.

 B2Grow solution: Introduce effective lot management, ensuring precision throughout the business cycle.

Challenge 2: Strategic Metal Purchases: Procuring varying tonnes of metal with fluctuating prices posed significant profit risks.

B2Grow Solution:To mitigate this, we recommended quarterly stock forecasting based on historical purchasing trends. This not only streamlined decision-making but also safeguarded the company’s profitability.

Challenge 3: Scrapping Woes: In an industry where scrap management dictates profits, our analysis revealed a critical gap in tracking manufacturing losses and scrap accountability.

B2Grow Solution: We proposed an innovative Bill of Materials (BOM) strategy. Collaborating with the client, we optimized the BOM to include scrap countability, effectively minimizing manufacturing losses.

Challenge 4: Efficient Inquiry Handling: High response time to clients enquiry, high resource utilization for processing enquiry and sales team was able to focus only on existing customers blocking the growth of organization.

B2Grow Solution: We proposed a formula-driven estimation process. Through close consultation, we devised a formula integrated into both software and Excel, empowering the sales team to provide rapid and accurate cost estimates. This eliminated unnecessary costs and bolstered customer satisfaction.

Conclusion: Empowering Transformation: The metal die manufacturing landscape is undergoing a revolutionary transformation, powered by B2grow’s consultancy solutions. Our approach, backed by insightful problem-solving and innovation, redefines business processes, optimises decision-making, and amplifies profitability. Every challenge we encounter becomes an opportunity for growth, solidifying our commitment to driving sustainable success in every industry we touch.

At B2grow, we don’t just consult; we catalyze evolution, empower organizations, and create pathways to excellence. Are you ready to embark on your transformative journey? Reach out to us today, and together, let’s sculpt a future of limitless potential.

The post Revolutionising Metal Die Manufacturing: B2grow’s Impactful Consultancy Solutions appeared first on B2Grow.

It is very challenging task to implement new ERP after replacing more than 20 years old legacy/ERP system in a Pharma API manufacturing company.

We successfully understood the need, challenge, existing legacy system and new requirement of India’s leading API manufacturing company.

For more than a month we held several rounds of meetings with every department and understood their pain and requirement.

Then we developed the prototype using ERPNext. In the end, we were able to successfully convince each and every department as to how the new ERP can be beneficial to their department and organization.

The post ERPNext ERP in Pharma API Manufacturing Company appeared first on B2Grow.

Smart Solutions improve SME’s   capacity utilization

In many of the Small Scale Industries and start up, the capacity utilization is not even 50% of the available capacity. Capacity utilization has direct impact on industry ROI and performance. Smart solutions help industry to achieve capacity utilization in following manner

Resource optimization

Smart solutions automate task and assure accountability of each member of industry.

Smart solutions inform the company’s management about the availability of resources. This helps the company to make maximum use of the resource’s capabilities

Workstation/Machinery utilization

Smart IT solutions inform the company management about the availability of machine/workstation. Solutions have capacity planning tool, which tell administration machine production and manufacturing capacity. This helps the company to make maximum use of the machine or workstation

Stock Utilization

Smart solutions inform the company management about stock demand, ageing and forecasting. It helps company to effective use of fund for stock

Smart solution have tool which tell administration item consumption based on different criteria, based on this managment can plan effectively.

Reduce Response time

Smart solutions provide common platform for company employee, Customer, supplier and visitor. In this platform all questioner get answer of all query immediately. This reduces response time, industry use this time in other activity and it’s also improve industry performance.

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