The industrial phrase, ERP, stands for Enterprise Resource Planning. It is a set of some automated activities deployed to integrate all domestic and outer management functions of a business organisation for a greater visibility of activities ranging from the daily chores to strategic level. ERP aims at helping the organisation by managing information of all the business functions and link them with the outsiders when necessary in order to save time and increased productivity.
Features:
An ERP solution basically contains the following features:
- ERP is a common database supporting all other applications.
- It operates in real time (or next to real time) without periodic updates.
- A Steady Dashboard
- Low Cost and Easy installation
- Develops Operational Ability
- Increases Productivity and Customer Satisfaction
- Strategic and Fresh Growth for Business
- Technological Embracement and Improved Communication System.
Benefits:
Enterprise Resource Planning (ERP) owns some certain benefits. Theses benefit differs upon the range of the business organisation. An ERP software application contains all the common and basic components to run an organisation effectively. But sometimes the facilities prove ineffective as the business needs doesn’t match with the offered benefits.
Sales & Purchase: An ERP solution is set to run and manage all the procurements, information, quotes, creating purchase orders, running requisitions, monitoring shipments and so forth for a business organisation ranging from a retail shop to a mid-size business. Besides purchasing for the organisation, ERP converts customer quotes into sales order automatically. It creates fresh products category along with their bills, modifies on hand products, and maintains complex sales orders as well. Moreover, it tracks down the sales options and records a complete activity history.
Supply Chain Management (SCM): ERP solutions help to manage the supply chain, since SCM is considered the most difficult segment for a business organisation. To run a business, we always need to monitor our inventory, customer demands, storehouse state etc. An ERP solution monitors the inventory and keeps inventory records, maintains level and transactions by real time or next to real time analysis. Therefore, we do not need to keep the activities manually, and thus it saves time for us.
Monetary Management: A right ERP solution helps you get the real picture of financial management of your organisation. It provides you the earning and expense sources comparing other similar business. You can make budgets and track costs for labor and production, reconcile financial accounts with your customers, monitor cash flow, adjust the product/ service prices or decide your budget for other purposes in line with parallel organisations.
Service Management: ERP solution is a must for the companies dealing with service or equipment maintenance. It helps the organisation to plan productions, trail orders, supervise production state, deliveries etc. The experts can get important basic information (like warranty info, last service date, running periods, engineering changes, maintenance info etc.) over the equipments to be serviced and can perform the job smoothly.
Customer Relationship Management (CRM): A Customer Relationship Management (CRM) solution of an ERP, offers the access of all basic information of your customers in a parameter by the reps or executives to determine their dealing patterns with your organisation. A CRM includes all trading information of customer including purchases or inquiries of any product. Besides, you can produce reports over your failures or possibilities to attract customers.
Human Resource Management (HRM): ERP manages the function of Human Resources Management (HRM) of an organisation in an effective and smooth manner. It executes information of all the employees engaged with the organisation including their salaries, benefits and working histories. It also can treat and imprint the payrolls and payroll cheques faster and efficiently. Moreover, it generates automated customised messages for customers, sellers and employees over any definite events using e-mails or SMSs in real time to maintain the workflow.
Bit Mascot-one of the top IT firms in this competitive sector, is specialised in making ERP solutions after your demands. The customers exercising customised ERP solutions from Bit Mascot, highly appreciate the endeavour of the firm. At Bit Mascot, the ERP expert teams always produce the essential modules to cater requirements of the customers to compete the others. Since all the ERP solutions cannot fulfil the raising demands (although all the existing ERP solutions in the market are full of some common features to run an organisation effectively), we furnish the software following your business strategy so that you can reach success in business beating the other similar competitors.
Define your business type and strategy, and adopt the suitable ERP solution from Bit Mascot to get prepared for the journey to success.
