Showing posts with label TQM. Show all posts
Showing posts with label TQM. Show all posts

Monday, June 18, 2012

Financial Management module helps strategic planning and decision making

Financial Management is considered to be one of the most important modules of an ERP system. ERP financial management module includes features that support creation of ad hoc reporting as well as month-end closing, quarter closings and year-end reporting.

eresoure ERP financial management system, which encompasses the functions that are required to maintain one or more sets of books, generate financial reports, manage cash and fixed assets and execute payment and receivable transactions.

The financial management functionality in eresource ERP system minimizes manual data input on behalf of the user, thereby freeing the user from tedious, routine tasks and allowing greater focus on other, greater value added, tasks.

As the module is keeping track of every movement in and out of the warehouse, it can deliver at any time clear value of what's in stock. The financial module in ereosurce follows every individual step, including budget planning for production and billing.

Apart from the above functions the Financial Management in eresource gather financial data from various functional departments and generates valuable financial reports such as Balance Sheet, Trial balance, General Ledgers, Quarterly Financial Reports, Account Statements, Gross Profit Analysis, Cost Center wise Analysis, Branch wise Profit Analysis, profitability report, Asset and Depreciation Management, Tax Management, ABC Analysis and many more.

eresource ERP Finance management module also has the capability of meeting all the accounting and financial needs of an organization. It is with this module that Financial Manager as well as other Managers within business can review the financial position of the company in real time and assist in better decision-making and strategic planning.

Default charts of accounts.
Linked accounting. Direct navigation from accounting entries to documents and vice versa.
Journal entries.
Trial balance. General ledger.
P&L statements (income statements).
Balance sheets.
Receivables and Payables
Generation of debt payments (from invoicing).
Issue of debt payments. Management of accounting documents.
Bank statements reconciliation.
Asset Management
Bank Accounts Management

In addition to the above outlined features, provision for Bank Guarantee, Forward Contracts, Letter of credit is also available in eresource ERP.



Please Contact us at:
TMA House, 1st Floor,Road No 16, Plot No. 6,Wagle Industrial Estate,Thane (West) 400 604, Maharashtra, Tel: +91 22 25827692/+91 22 25828775/+91 22 65130234

Sunday, May 20, 2012

eresource ERP TQM module enhances the ability to listen to the customers

Organizations targeting Total Quality Management (TQM) in their businesses, Enterprise Resource Planning (ERP) software has become an essential necessity, Though these two concepts are getting treated separately, in reality separating one from other is impractical as far as a business organization is concerned.

Therefore it is a undisputed fact that quality is the prime pillar of success for any industry. Eresource ERP is integrated with a sophisticated Quality Management Module that helps Quality Assurance & Control department

eresource ERP Quality Control Module not only monitors quality by control plans in purchasing but also provides real-time process capability index for quick review. Quality Control in eresource facilities are versatile and offer support for every phase of your operations, from receipt and acceptance of materials, through jobwork of intermediates, to inspections of finished goods before shipment to customers. Following are some function integrated in our TQM module.

•Quality Control
•Product Quality Control
•Job work Quality Check
•Record of Analysis
•Certificate of Analysis
•Approved / Rejection Slip Quality Audit Records
•Compliance Reporting
Customer focus ranks first among the basic principles of eresource total quality management. One can realize many advantages brought on by the use of eresource ERP systems with its TQM module. Implementation of eresource ERP helps organization's enhanced ability to listen systematically to what the customer is communicating, faster response to customer requests, and increased quality in the services offered to the customer.

Another basic principle of total quality management is an inherent consequence in an organization where eresource ERP software is in use. For an organization that has made the appropriate choice in their ERP system, the associated best practices are, in a sense, acquired for free. The successful implementation of eresource ERP and the proper usage of its TQM module further assure that the system promotes the evolution of the organization in a continual fashion.

Maintenance of up-to-date and reliable information on suppliers, and assessment and evaluation of suppliers also constitute important aspects of TQM module. eresource ERP system provides support for associated functionality through dedicated modules.

For businesses that are at the ERP selection stage, we recommend to a system with integrated TQM module. An ERP system without TQM integrated is not sufficient to meet the present needs of any organization. Keeping in mind the continuous improvement, organizations must implement an ERP system that will be able to meet their future needs as well. The system must also be flexible, and have the infrastructure that will allow it to keep pace easily with revisions in the business processes. Additionally, working efficiently with an ERP system that is well versed in TQM requirements is key among factors for success of a business organization.



Please Contact us at:
TMA House, 1st Floor,Road No 16, Plot No. 6,Wagle Industrial Estate,Thane (West) 400 604, Maharashtra, Tel: +91 22 25827692/+91 22 25828775/+91 22 65130234

Tuesday, July 12, 2011

ERP helps users to do their jobs better

ERP implementation is a 'User Driven' project
Every organization has its own cultural or organizational structure. In this situation, it is natural for them to be sceptical about ERP, since it is felt that their businesses are unique, organizations varying and cultures different. However, there is no need of such concern as an ERP package has been designed and is being continually upgraded to incorporate the best industry practices to suit most industry segments.

With thorough and dedicated BRP study and adapting those changes in the business process well before implementing the ERP shall help make things smoother. It is therefore recommended that this methodology is followed; otherwise there is chance that most of the time users are left frustrated. This leads to poor participation and costly delays.

It is important to understand that an ERP package not necessarily fit in completely with the existing business practices of most organizations and hence, the onus is on the users to appreciate this fact and to work with the implementation consultants in trying to adapt to the package. In doing so, they don't have to feel that they are compromising on their business effectiveness; rather, by accepting the package, they are adopting the best of breed business practices and ensuring the successful implementation of new system.

The other important factor is that the users do not expect a reduction in their workload immediately after the implementation of ERP and should not look for a miracle to happen. An ERP package is only an enabling tool and improves the flow of information and formalizes all the business processes and workflow that exists in an organization. It helps users to do their jobs better, which may call for additional efforts.

If one has to have more information in a system, it entails more work for more users, but the benefit is that this information is properly stored and can be fruitfully uses by other users in making better decisions. As the flow of information throughout the organization improves, the company starts performing better and this in turn benefits the users who have collectively improved their way of working. The package design and the architecture facilitate the availability of information to all authorized users in a useful way.

Another important factor is the role of the consultant. The consultants by virtue of their industry experience and package expertise can help set the expectations of users at various levels keeping in mind the overall business objectives of the client. But it is also important to remember that a consultant is an external agent and all the business process of the organization is more akin to the management team and the users than the consultant. The consultant however, can work closely with key users, understanding their needs, analyzing the business realities and designing solutions that meet the basic objectives of the company.

They, then, have to impress upon the users that individual needs can be met by keeping the organization's needs in mind. It is the responsibility of the consultants and management team from the organization to guide them in this task and facilitate the overall implementation process. In essence, ERP implementation is predominantly a 'User Driven' project.

For more information kindly visit: http://www.eresourceerp.com/ERP-implementation-is-a-User-Driven-project.html

Please Contact us at:
TMA House, 1st Floor,Road No 16, Plot No. 6,Wagle Industrial Estate,Thane (West) 400 604, Maharashtra, Tel: +91 22 25827692/+91 22 25828775/+91 22 65130234

Employees are motivated to work through ERP

Best practice of ERP is best suited for Lean organizations

THE world-class practice believes in the common language within an organization. This culture is predominantly observed in lean enterprises, thus resulting in the best fit for the ERP environment.

A lean organization has detailed specifications of all the actions required to bring a product from concept to launch, from order to delivery, and from raw materials to finished product that goes into the hands of the customer and throughout it useful life. This takes care of perfect and complete data sets availability to load into ERP for accurate estimations and recommendations.

The lean organization believes in absolutely flat organization structure with empowered employees. The structure is purely based on process, and for at all on functions. Every business process or sub-process exists to provide a needed product or service for a defined customer. These products and services are produced within the process according to the defined requirements, rules, or constrains.

The process requires materials and information, which are provided by suppliers, and consumes the resources allocated to the process. Since ERP conceptually integrates the process and not the functions, this process-based culture is the primary criteria for ERP fitness. The main job of ERP in such environment is to replace all these processes into a seamless flow of information.

ERP thus provides authority of getting all the information about the organization to all the users. No constraint like confidentiality, hierarchy, or authority exists. Hence the right of information seeking is never questioned. Every employee is motivated to browse, analyze and comment on the performance of the organization through the ERP system. Thus ERP expects an employee to be much more matured and accountable with resource of the organization.

ERP calls traditional purchase person as Buyer and a buyer is expected to have four types of skills like Technical skills, Commercial skills, Negotiation skills and Integrated planning skills.

ERP assumes this type of empowered people as users and then further helps them take accurate and cost effective decisions in their daily transactions and planning. The best practice of ERP here could be to share all the information of the organization to the entire set of users without any obstacles to facilitate both productive and best mixes of planning decisions.

For more information kindly visit: http://www.eresourceerp.com/best-practice-of-ERP-is-best-suited-for-Lean-organizations.html

Please Contact us at:
TMA House, 1st Floor,Road No 16, Plot No. 6,Wagle Industrial Estate,Thane (West) 400 604, Maharashtra, Tel: +91 22 25827692/+91 22 25828775/+91 22 65130234

Supply chain efficiency is also very important

Significance of TQM in price sensitive automotive industry

AUTOMOTIVE sector has been dynamic in inventing new manufacturing strategies owning to prevailing high level of competition. With this scenario the challenges faced by Original Equipment Manufacturers (OEM) have also multiplied over the years.

Customers are demanding individualized final products. This is especially true of the OEM. While the organizations will have some standard base products, the total number of options that they have to offer to the consumers should be plenty. ERP will allow management of these configurations.

Through the supply chain there is need for innovation and new product development with much reduced life cycle for development. Hence, the NPI (New Product Introduction) will greatly help in promoting concurrent engineering.

Automotive industry is characterized by the presence of dedicated customer-supplier relationships and the competition in the market is between supply chains and not individual organizations. Hence, supply chain efficiency is thus very important. The principles of Just-in-Time (JIT), Lean Manufacturing and others become very important here. ERP will help in promoting these concepts.

Another challenge faced by automotive industry is the pressure to reduce delivery time and cost. A comprehensive supply chain solution that crosses the organization boundaries (B2B) is required. Different elements of the supply chain interact very closely.

Quality Management module with support for advanced features like TQM will help to promote quality at source. This receives significance owing to the continuous pressure exerted to cut cost and improve quality.

As the automotive market is extremely price sensitive, the features of comprehensive costing and kaizen costing will be of special relevance here. Understanding the accurate cost of manufacturing and identifying all potential areas for reduction of costs is one of the keys to success.

For more information kindly visit: http://www.eresourceerp.com/Significance-of-TQM-in-automotive-market.html

Please Contact us at:
TMA House, 1st Floor,Road No 16, Plot No. 6,Wagle Industrial Estate,Thane (West) 400 604, Maharashtra, Tel: +91 22 25827692/+91 22 25828775/+91 22 65130234

Tuesday, December 7, 2010

Understand it before implementing

ERP software is not a magic wand

THE purpose of ERP technology is to support the business processes that support the company's strategic opportunities. There are some basic tenets of ERP that should guide management's actions and decisions.

There is no magic in ERP software. ERP's benefits are a direct result of effective preparation and implementation, and appropriate use. This seems obvious, but most of the organizations don't get it right the first time around. Expecting a quick fix, silver-bullet solution is a dangerous mindset. http://www.eresourceerp.com/ERP-Software-in-India.html

Another matter is no amount of advanced information technology can offset the problem of a flawed business strategy and poorly performing business processes. This area, in particular, is something that ERP software implementers may not fully address because it can slow system deployment.

The companies must define a business strategy that will give them a competitive advantage or, at the very least, make them competitively equal. Then, analyze your current business processes and develop objectives. Once this step is done, the following steps for preparation, ERP software selection and implementation can support the strategic and process objectives better.

Acquire flexible ERP information technology that can accommodate rapidly changing business conditions. The high-velocity flow of information needed to support action up and down the supply chain is a major step forward for most manufacturers. It will be mandatory in the future just to compete, much less stay ahead of, the competition.

You must have the implementation led by a senior executive who has the authority to make changes happen and happen quickly. Make sure there is a sense of urgency and true accountability for completing preparation and implementation activities on time. Moving away from functional silos and creating effective cross-functional processes that are truly integrated via an ERP system is not an easy task. When ERP is not fully integrated into day-to-day business operations, however, it is not likely to be very beneficial.

If enterprise integration or more advanced supply chain management strategies are to have any chance of complete success it will be due, to a large extent, to the removal of traditional cross-functional barriers. These silos comprise the organizational boundaries where information flow and often cooperation, stop. You must ask, "How will we use the ERP system?" Some not-so-obvious issues will surface as you try to answer that question.

For example, will you combine demand-based flow and lean manufacturing techniques, which will negate the need for some traditional ERP functionality? Focus on your business strategy and not just software selection and implementation. Many problems are reinforced by contradictory objectives and performance measures that actually create inconsistent value and belief systems, to the company's detriment. No amount of information technology will correct these problems. Management must aggressively remove them once and for all through business process redesign.

For more information kindly visit : http://www.eresourceerp.com/ERP-software-is-a-not-a-magic-wand.html

Or Contact us at:

TMA House, 1st Floor,
Road No 16, Plot No. 6,
Wagle Industrial Estate,
Thane (West) 400 604, Maharashtra

Phone:

+91 22 25827692
+91 22 25828775
+91 22 65130234
+91 22 41118000 / 8049 (50 lines)

Follow us on twitter: http://twitter.com/erperesource
Please visit our blog at: http://eresourceerp-eresourceerp.blogspot.com/

Employees are motivated to work through ERP

Best practice of ERP is best suited for Lean organizations

THE world-class practice believes in the common language within an organization. This culture is predominantly observed in lean enterprises, thus resulting in the best fit for the ERP environment.

A lean organization has detailed specifications of all the actions required to bring a product from concept to launch, from order to delivery, and from raw materials to finished product that goes into the hands of the customer and throughout it useful life. This takes care of perfect and complete data sets availability to load into ERP for accurate estimations and recommendations. http://www.eresourceerp.com/erp-in-india.html

The lean organization believes in absolutely flat organization structure with empowered employees. The structure is purely based on process, and for at all on functions. Every business process or sub-process exists to provide a needed product or service for a defined customer. These products and services are produced within the process according to the defined requirements, rules, or constrains.

The process requires materials and information, which are provided by suppliers, and consumes the resources allocated to the process. Since ERP conceptually integrates the process and not the functions, this process-based culture is the primary criteria for ERP fitness. The main job of ERP in such environment is to replace all these processes into a seamless flow of information.

ERP thus provides authority of getting all the information about the organization to all the users. No constraint like confidentiality, hierarchy, or authority exists. Hence the right of information seeking is never questioned. Every employee is motivated to browse, analyze and comment on the performance of the organization through the ERP system. Thus ERP expects an employee to be much more matured and accountable with resource of the organization.

ERP calls traditional purchase person as Buyer and a buyer is expected to have four types of skills like Technical skills, Commercial skills, Negotiation skills and Integrated planning skills.

ERP assumes this type of empowered people as users and then further helps them take accurate and cost effective decisions in their daily transactions and planning. The best practice of ERP here could be to share all the information of the organization to the entire set of users without any obstacles to facilitate both productive and best mixes of planning decisions.

For more information kindly visit : http://www.eresourceerp.com/best-practice-of-ERP-is-best-suited-for-Lean-organizations.html

Or Contact us at:

TMA House, 1st Floor,
Road No 16, Plot No. 6,
Wagle Industrial Estate,
Thane (West) 400 604, Maharashtra

Phone:

+91 22 25827692
+91 22 25828775
+91 22 65130234
+91 22 41118000 / 8049 (50 lines)

Follow us on twitter: http://twitter.com/erperesource
Please visit our blog at: http://eresourceerp-eresourceerp.blogspot.com/

Supply chain efficiency is also very important

Significance of TQM in price sensitive automotive industry

AUTOMOTIVE sector has been dynamic in inventing new manufacturing strategies owning to prevailing high level of competition. With this scenario the challenges faced by Original Equipment Manufacturers (OEM) have also multiplied over the years.

Customers are demanding individualized final products. This is especially true of the OEM. While the organizations will have some standard base products, the total number of options that they have to offer to the consumers should be plenty. ERP will allow management of these configurations.http://www.eresourceerp.com/Benefits-of-Supply-Chain-Management.html

Through the supply chain there is need for innovation and new product development with much reduced life cycle for development. Hence, the NPI (New Product Introduction) will greatly help in promoting concurrent engineering.

Automotive industry is characterized by the presence of dedicated customer-supplier relationships and the competition in the market is between supply chains and not individual organizations. Hence, supply chain efficiency is thus very important. The principles of Just-in-Time (JIT), Lean Manufacturing and others become very important here. ERP will help in promoting these concepts.

Another challenge faced by automotive industry is the pressure to reduce delivery time and cost. A comprehensive supply chain solution that crosses the organization boundaries (B2B) is required. Different elements of the supply chain interact very closely.

Quality Management module with support for advanced features like TQM will help to promote quality at source. This receives significance owing to the continuous pressure exerted to cut cost and improve quality.

As the automotive market is extremely price sensitive, the features of comprehensive costing and kaizen costing will be of special relevance here. Understanding the accurate cost of manufacturing and identifying all potential areas for reduction of costs is one of the keys to success.

For more information kindly visit : http://www.eresourceerp.com/Significance-of-TQM-in-automotive-market.html

Or Contact us at:

TMA House, 1st Floor,
Road No 16, Plot No. 6,
Wagle Industrial Estate,
Thane (West) 400 604, Maharashtra

Phone:

+91 22 25827692
+91 22 25828775
+91 22 65130234
+91 22 41118000 / 8049 (50 lines)

Follow us on twitter: http://twitter.com/erperesource
Please visit our blog at: http://eresourceerp-eresourceerp.blogspot.com/


scenario,ERP market, high growth

Tuesday, June 1, 2010

ERP Products

A large number of players are (http://www.erp-products.com ) currently in the market today in the ERP segment. Though some of these ERP solutions are tailor-made for certain industry segments only, most solutions are designed to cover a range of industry segments. The extent of customization/configuration and modification of these packages mostly depend on the particular ERP solution or ERP Products shortlisted for implementation and its applicability for a particular organization, as well as the extent in which the organization is willing to change its business processes. ERP systems do not neatly fit the traditional distinction between custom-built software and 'off-the-shelf' package in several aspects.

ERP products within reach of any midsize company, Today more and more midsize companies are looking to replace outdated ERP systems or jump into the technology for the first time. A recent research survey says, "in the small and midsize business (SMB) segment, which continues to outgrow the overall market, companies are buying new ERP systems in response to new customer requirements and the desire to participate in the global market." ERP solutions tailored to the midmarket abound, making it a buyer's market. In this age of mergers and acquisitions, many of these organizations were once small companies, and now, as midmarket organizations, they need to consolidate various software systems and standardize business processes. Most companies in this space are coping with increasingly complex operating environments, aging technology - including outmoded ERP systems - proliferating business-management software and, of course, the need to grow revenue.

For more information kindly visit: http://www.erp-products.com
OR Please Contact us at:

TMA House, 1st Floor, Road No 16, Plot No. 6,Wagle Industrial Estate, Thane (West) 400 604, Maharashtra,Tel: +91 22 25827692/+91 22 25828775.e-mail (enquiry): contactus@erppandit.com, e-mail (feedback):feedback@erppandit.com, Web site: hhttp://www.erp-products.com

ERP Adoption for SMEs; know why this is the right time

In today’s business world Small and Medium-sized Enterprises (SMEs) play a vital and pervasive role. Most of the Enterprise Resource Plannin...