Cloud ERP Integration For Make-To-Order Processes

Cloud ERP Integration

Cloud ERP integration with MTO

Make to Order (MTO) is a manufacturing process in which product manufacturing starts only after the order is received from a customer. Forms of MTO vary, for example, an assembly process that starts when demand occurs or manufacturing which is triggered by development planning. There is also, BTO (Build to Order) and ATO (Assemble To Order) in which processing starts according to demand.

Cloud ERP integration platforms have a strong and intelligent link between their sales order module and the production-planning module. When this connection is continuously linked, orders generated by sales in Make-to-Order situations are instantly translated into production orders. Therefore, as soon as an order is placed in the system for an “by demand” item, the process to begin manufacturing is initiated. The order generates a custom assembly or BOM (Bill of Material) and the process to fulfill this demand is initiated. Any standard assembly parts are contained in the core BOM, customizations are added to the order, and instantly update the complete BOM. A linked system also allows for clear visibility into inventory levels and the ability to fulfill the order and provide delivery. Because each stage is clearly defined, linked, and easy to trace, it’s easy to monitor the progress of individual production orders so that you can keep your customers informed about the manufacturing progress and eventual delivery.

Let’s look at an example of this: a client orders a particular machine, and the machine consists of many components listed on a bill of materials. Several parts are used in various machine models. The sales order is translated with the help of the BOM into a production request. The production request will be combined with other orders (if there are any) to make a production schedule. The system checks inventory levels to complete the orders. For efficiency, core or common components can be kept in stock, and custom or unique components purchased.

make to order

“In a Cloud ERP integration, make-to-order environment, production planning and purchasing can be quite hectic. If you have a ‘pipeline’ of prospect orders the production planning and purchase departments can be prepared for things to come, but not if your production planning is totally dependent on the ‘whims’ of your clients. Cloud ERP system enables you to be flexible. For instance: delay one order and speed up another if need be”. Source Quote

When the order is placed in the system, this ERP allows you to create the work order for that item considering all the components and other parts in the required quantity resulting in well defined proper inventory status of each item. This can be followed by a Build Assembly which result turns to be a BOM or Manufactured assembly Item.

A risk of make-to-order production is inefficiency and more waste. Using cloud ERP to gain accurate and up-to-date visibility on inventory levels and production capacity can help to reduce this risk. In addition, other common production practices such as combining production orders as much as possible and refining the production process to its maximum potential will also help.

To a certain extent, the inventory manager can make sure that frequently used components are readily available in stock. However, keeping inventory in stock can sometimes be too costly. Using Business Intelligence software to forecast needs can help to predict suitable inventory levels. Other scenarios include equipping the purchasing department to be able to act instantly and look for a replacement of suppliers fast when a preferred supplier cannot deliver. As well as making Just-in-time delivery arrangements beforehand. The purchasing module of the Cloud ERP system has all this information readily available.

We can conclude that as soon as a customer’s order is received there is a need to start a pull-type supply chain operation because manufacturing is performed when demand is confirmed, i.e. being pulled by demand. With the help of cloud ERP, all the details of production planning can be achieved in a very efficient manner with respect to time management, inventory management, and all production planning steps.

For Demo or any queries on Cloud ERP Software please drop an email at sales@bistasolutions.com. Also, you can write us through feedback@bistasolutions.com and tell us how this blog has helped you.

How To Choose An Algorithm For Predictive Analytics

Algorithm For Predictive Analytics

We are living in a highly advanced technological period of human existence. At this time, the internet is faster than the speed of light,  memory storage and computing power have moved to the cloud. Every day, things which were previously only possible in the realm of “sci-fi” are now part of our daily lives. Included in this category is a very advanced technique and tool called “predictive algorithms”. Predictive algorithms have revolutionized the way we view the future of data and has demonstrated the big strides of computing technology.

In this blog, we’ll discuss criteria used to choose the right predictive model algorithm.

But first, let’s break down the process of predictive analytics into its essential components. For the most part, it can be dissected into 4 areas:

  • Descriptive analysis
  • Data treatment (Missing value and outlier treatment)
  • Data Modelling
  • Estimation of model performance
  1. Descriptive Analysis: In the beginning, we used to primarily build models based on Regression and Decision Trees. These are the algorithms which are mostly focusing on interest variable and finding the relationship between the variables or attributes.

Introduction of advanced machine learning tools made this process easy and quicker even in very complex computations.

  1. Data Treatment: This is the most important step in generating an appropriate model input, So, we should have a smart ways to make sure it’s done correctly. Here are two simple tricks which you can implement:
  • Create dummy flags for missing value(s): In general, once we discover the missing values in a variable, that can also sometimes carry a good amount of information. So, we can create a dummy flag attribute and use those in the model.
  • Impute missing value with mean/any other simple value: In basic scenarios, the imputation of ‘mean’ or the ‘median’ works fine for the first iteration in a specific situation. In other cases where there is a complex data with trend, seasonality and lows/highs, you probably need a more intelligent method to resolve for missing values.
  1. Data Modelling: Generalized Boosting Modules (GBM) can be extremely effective for 100,000 observation cases. In cases of larger data, you can consider running a Random Forest. The below cheat-sheet will help you to decide which method to use and when.

Please click here or click the picture to get the source of the below cheat-sheet.

learn

  1. Estimation of Performance of the Model: The problem of predictive modeling is to create models that are good at making predictions on new unseen data.

Therefore, it is critically important to use robust techniques to train and evaluate your models on your available training data. The more reliable your performance estimation, the more accurate the model.

There are many model evaluation techniques that you can try in R-Programming or Python. Below are some of them:

  • Training Dataset: Prepare your model on the entire training dataset, then evaluate the model on the same dataset. This is generally problematic because a perfect algorithm could skew this evaluation technique by simply memorizing (storing) all training patterns and achieve a perfect score, which would be misleading.
  • Supplied Test Set: Split your dataset manually using another program. Prepare your model on the entire training dataset and use the separate test set to evaluate the performance of the model. This is a good approach if you have a large dataset (many tens of thousands of instances).
  • Percentage Split: Randomly split your dataset into a training and a testing partitions each time you evaluate a model. It’s is usually in the split ratio of 70-30% of the data. And this can give you the more significant estimate of performance and like using a supplied test set is preferable only when you have a large dataset.
  • Cross-Validation: Split the dataset into k-partitions or folds. Train a model in all possible aspects of data except one that is held out as the test set, then repeat this process creating k-different models and give each fold a chance of being held out as the test set. Then calculate the average performance of all k models.

This is one of the traditional and standard methods for evaluating model performance, but yeah somewhat time-consuming and has to create n-number of models to achieve the accuracy.

Conclusion:

Ultimately, the work that goes into selecting algorithms to help to predict future trends and events is worthwhile. It can result in better customer service, improved sales, and better business practices. Each of these things can, of course, result in increased profits or lowered expenses. Both are desirable outcomes. The information above should act as a bit of a primer on the subject for those new to using analytics.

What challenges do you or your company have in choosing the right predictive modeling algorithm or in model performance estimation? Share your story in the comments below!

We hope you like the blog and share it with your network. Please reach out to sales@bistasolutions.com for any query pertaining to Predictive Analytics solutions.

How Big Data And Analytics Can Build Better Customer Relationships

Big Data and Analytics

These days everyone is talking about Big Data. Technology has enabled us to collect and store increasingly detailed consumer information. More computing power means ever increasing detailed information, thus the term “Big Data Analytics”. This refers to the process of examining large sets of data, across multiple areas to uncover hidden patterns that can reveal important trends in consumer behaviour. Having access to “big data analytics”  has changed the face of sales and marketing. Now, to improve customer relationships, and to understand their needs and establish trust, basic information and traditional methods are not enough.

We’re in the Zettabyte Era, the entire customer journey is surrounded by information. Big Data allows us to capture and interpret an enormous amount of real-time, static, structured or unstructured data. Why not use it to improve customer relationships and ultimately increase retention rate? With big data and analytics, it’s possible to understand what makes customers tune in with the company, tweak the pain areas and resolve any bottlenecks that may be responsible for customer churn.  At the same time, analytics plays a vital role to analyze and generate meaningful insight from that data, allowing companies to develop new business strategies.

The type and detail of data collected by companies vary between industries. For example, service companies generate different kinds of data than an e-commerce company. A service company such as an airline may generate data like how often you fly in a year; whereas an online retail store may track your purchase behaviour data like how often you are buying a product or what kind of products you are looking for. Companies can gather an enormous amount of information about their target audience.

Once companies have their customer’s historical data they can begin to analyse it to improve sales and marketing activities going forward. However, one golden opportunity that this data provides is a platform for developing stronger relationships with your current customers and building a new target audience by better understanding their needs.

Focus on existing customers, but how?

Companies can achieve many benefits by strengthening their relationships with the customers they already have. As service providers know, it is always much cheaper to maintain clients than it is to acquire new ones. The question is how to improve that relationship? To focus on existing customers to target their needs and develop a strong relationship just needs to analyse their historical data and understand their pain areas or what they are looking for. So here the “Big Data and Analytics” comes into a picture and play the vital role to understand not only their existing customer but also target a new audience for the companies.

Stronger relationships lead to increased customer loyalty and growth of the company as well. Not only can your company save money through customer retention, loyal customers will also yield more revenue than a customer who purchases from you a few times before switching to competitors. Additionally, loyal customers are more likely to turn into cost-effective brand ambassadors who will voluntarily promote your product or service to their peers. Brand ambassadors are becoming increasingly important as social media encourages consumers to trust what their peers say about your company over advertisements that they see.

According to Datanami: ‘64% of companies are already trying to combine five to 15 sources of data in their quest to find richer, more meaningful insights and additionally, break the silos of data repositories that have emerged in their legacy data infrastructure over time.’

Loyalty Relationship is now not limited to traditional ‘Reward Points’ only. Companies now tend to build a strong following of loyal customers through data-driven strategies for a more sustainable growth. Not just economically, loyal customers prove beneficial to the company in many ways:

  • Eased Retargeting
  • Converged, accurate analysis
  • Free Brand Endorsement
  • Word of Mouth
  • Increased Brand Equity

Data Formats and Collection

While there is a seemingly never-ending array of data out there, it all generally falls into three categories:

Big-Picture Data:

Typically, demographic information or high-level trends, this type of data can help you see the big picture when it comes to your target audience(s). Big-picture data can frequently be collected from third party companies.

Transactional Data:

As the name suggests, transactional data is information on what purchases a customer or client has made. This can include you purchased or liked product or services, a frequency of interest and used payment gateways.

Granular Data:

The opposite of big-picture data, this kind of data gives you an idea of an individual person or company’s attitudes and behaviours, and it can be collected via different surveys and campaigns or third parties.

What can we achieve with consumers’ data?

  1. Segmenting Customers with Personalization

Before segmenting customers, a service provider must know their customer’s needs with their specific requirements. Specificity gives your business the flexibility to directly cater to your customers’ unique needs and desires. Some traits of segmentation include: categorising their general interests, targeted services/interests and of course their budget.

According to AdAge.com, when the computer technology company Lenovo implemented this method, its “click-through rates increased by 30% and resulted in greater conversions and sales.”

These actions could be taken: –

  • Define segmentation within your company.

  • Design advertisements with the customers’ needs in mind.

  • Develop smart campaigns with consumer data.

  1. Behaviour-Triggered Email Campaigns

Email with a purpose. Through automation, you can produce email campaigns that engage consumers and convert them into buyers and also it could be a meaningful data collection that can be used for different purposes.

These actions could be taken: –

  • Analyse your consumer’s behavioural patterns.

  • Use predictive modelling techniques to know the future needs of your customers.

  • Keep your customers “active” in your brand with ancillary tasks and activities.

 

Conclusion:

There’s no doubt that “big data and analytics” helps companies to grow and improve customer relationships, turning leads into loyal customers and increasing retention rates exponentially. And the best part is that there’s no need to hire an entire building full of computers and servers with enormous processing capabilities for that: all you need is a platform with behavioural analytics, event tracking and automation.

Does your company have its own big data and a data-driven strategy to improve customer relationship? If not, are you planning to do so in the future? Tell us in the comments below!

We hope you like the blog and share it with your network. Please reach out to sales@bistasolutions.com for any query pertaining to Big Data and Analytics solutions.

ShipWorks Integration With Odoo

ShipWorks Integration with Odoo
  • by bista-admin
  • Sep 25, 2017
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ShipWorks is a Windows-based software used by e-commerce and shipping professionals to download and process orders. With ShipWorks you can print shipping labels, generate packing lists and invoices, manage customer information, upload tracking information, and more. A user can connect to any number of stores or data sources and leverage all of our certified shipping carriers.

Odoo ERP is a suite to manage, automate and optimize all business processes for medium and small-scale companies for all domains ranging from CRM, Sales, and Purchases to Manufacturing, HR and Project management, and much more. This tool exponentially improves your company’s performance because of its features. This tool helps decision makers by making accessible all the necessary and required information that is needed to make insightful decisions. This is a direct response to general practices where a company’s data is stored separately in various unrelated software and databases hindering the decision-making process.

Integrating Odoo and ShipWorks results in a bi-directional flow of data from Odoo ERP to ShipWorks resulting in automating and authenticating the entire delivery process, be it incoming or outgoing or inbound/internal.

There are four basic user functionalities enhanced by Odoo ShipWorks integration:

  • Adding a store :

The ShipWorks user will use the “add Store” feature to set up a generic-module store in ShipWorks. This added Store will ask for your integration point URL so that ShipWorks can make a sequence of calls to obtain the details necessary to add the store into ShipWorks and integrate relevant data with Odoo with the warehouse module. The sequence of calls would be as follows-

Call 1: GetModule

Call 2: GetStore

Call 3: GetStatusCodes

  • Downloading Orders:

When a user clicks the “Download” button in ShipWorks, four calls are made to your integration. The same four calls are made if an automatic download is scheduled. The calls used here are: GetModule; GetStatusCodes; GetCount; GetOrders. These four calls repeat as necessary until GetCount returns a “0.” When GetCount reaches “0” the sequence does not repeat. The sequence of calls would be as follows-

Call 1: GetModule

Call 2: GetStatusCodes

Call 3: GetCount

Call 4…N: GetOrders

order-flow

  • Updating Order Status :

If “uploading order status” is supported, ShipWorks will allow a user to change an order’s online status. This requires only one call: Update Status.

  • Uploading Tracking Numbers :

If “uploading tracking” information is supported, ShipWorks will allow a user to change an order’s online status. This requires only one call: Update Shipment.

Above is the nutshell description of ShipWorks integration with Odoo bi-directionally. Please contact us for a demo or email us at sales@bistasolutions.com.

Why ERP Is An Essential Business Application Software?

In the early days of ERP (Enterprise Resource Planning) software development, this software solution was generally used only in large organizations or manufacturing operations. But more recently, fueled by high competition and the need for efficiency, it has been introduced even in the smallest business organizations. At present, ERP solutions have been introduced across all types of business organizations around the world leading to new business models such as co-partnership, exalted services, optimized intricate business processes, and much more.

All business processes span a multitude of tasks and activities that require a variety of input information. In return, they generate output, such as a report or forecast, that is of value to the user. ERP software supports the powerful operation of business processes by concatenating tasks related to sales, marketing, manufacturing, logistics, accounting, and staffing throughout a business into shareable data. In addition to this cross-functional concatenate, which is at the heart of an ERP system, companies connect their ERP systems, using various methods, to coordinate business processes with their customers and suppliers.

According to the present market analysis, all businesses, whether small or large, face many different kinds of problems like the sales process, marketing, and manufacturing processes. Businesses that have not yet adopted ERP systems will face even more challenges when it comes to sharing information. The current competitive climate makes the adoption of an ERP system very essential. In other words, for a business to enjoy a long life, an ERP system is an essential component to the profitability of their business.

However, it’s important to note that introducing an ERP system is not like magic from the first day, it is not sufficient to set it up and let it go. Instead, by evaluating current processes and learning how to change them to work in harmony with the ERP system, many challenges the business faces will be solved very easily, and easily contributes to the growth of the business. This takes time and a lot of process analysis.

Let’s have a look at the key points that make ERP essential for the business.

Centralized for everything

centralised

ERP is the integrated stage that keeps all your documents and information in one place so users can access the system easily. This means that all data would be harmonious across various departments and all transactions of the different divisions are connected in the same application. This reduces data duplication across multiple software solutions and implements a process that is more efficient for the business.

 

Flexibility and efficiency Process

flexibility

Flexibility is a main key point of an ERP system. It handles all processes within the organization, improves transparency about the economic situation of the organization, gives an appropriate knowledge base, optimizes the manual work and customer communication processes, and makes the production process smart- not just more productive but shorter, and much more. All of this promotes a more efficient workflow.

 

Profitability and Growth

profit

Many organizations and companies are moving from traditional systems to new business software like ERP. The main motivator for change is remaining a competitive edge, ie. the prestige of the business. ERP solutions provide for growth and enable a company to react more quickly to shifts in the market need and hence be more strong in the long term.

 

 

Bista Solutions offers our customers the best ERP solution as per the unique needs of their business. Bista Solutions is an official Gold Partner for Odoo, a module-based ERP system that can be implemented and customized based on business needs.  If you are looking at ERP implementation, feel free to reach out to us at sales@bistasolutions.com.

 

Benefits of Choosing Odoo ERP Instead of Developing ERP In-House

Odoo ERP
  • by bista-admin
  • Sep 12, 2017
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In today’s times, an ERP system is crucial to an organization’s day-to-day functioning and overall business performance. These systems enable organizations to automate all their business processes, effectively manage several important tasks regularly, and free up their employees to focus their attention and efforts on more critical activities.

An organization can choose to develop its ERP system in-house or it can opt for a third-party ERP system. Developing an ERP system in-house is a time-consuming process as these systems can get quite complex. It requires the continuous involvement of several functional experts as well as Project Managers, Developers, and Testers.

Utilizing large manpower for in-house project development is cost-consuming. An organization can also turn to an ERP vendor to provide its resources on a contractual basis, but that would again increase the company’s costs. On the other hand, there are several third-party ERP systems available, some of which are open-source. Odoo is a very popular open-source ERP system that offers a variety of business applications to meet an organization’s needs.

It is the best fit for small and medium-sized enterprises (SMEs) but works well for small and large companies too. The Odoo ERP system offers several modules which cater to all business needs such as websites, billing, accounting, manufacturing, warehouse, project management, customer relationship management (CRM), and inventory.

There are several industry-specific modules that are developed by an active developer community and are available free of cost. The Odoo software is highly customizable and implementation costs are low too. One of the major advantages of Odoo over developing an entire ERP system in-house is the base ERP which is available with no licensing costs.

This base ERP can be further tweaked to suit specific business needs.

Odoo ERP

There may be some requirements in an organization for which no Odoo module is available, in that case, the organization can develop an exclusive module to meet those requirements.

An organization may require a simple application for just one of their departments such as the Accounting department and not a full ERP system. With Odoo, it is possible to focus on just one module such as Sales and customize it heavily for any specific needs.

Thus, every organization can benefit greatly from the Odoo ERP system as it increases revenue and reduces the costs of the organization.

Please feel free to reach us via the contact us form or email us at sales@bistasolutions.com for any queries on Odoo and its related modules.

Odoo Studio 11 Preview Tour

Odoo Studio 11
  • by bista-admin
  • Sep 06, 2017
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Odoo Studio 11 comes in the new version of Odoo v11 enterprise. Basically, Odoo Studio apps help to build and customize your business apps. Odoo studio comes with strongest features like an Instant create Apps, Menu, Search, Kanban, calendar, Organize and much more.

Technical – Key Points Of Odoo Studio 11

Generally, in the previous version of Odoo, required to restart an Odoo server when adding a new object, fields, view or any other technical parts.

But now in Odoo Studio 11 no need to restart Odoo server or no need to upgrade view when,

  • Create new Apps/object through Odoo Studio
  • Activate any new view such as form, kanban, calendar, gantt, list, graph
  • Add new fields in existing or new object
  • Add new report or change in existing
  • Automated action based on triggers
  • Change the access rights for existing object

Now every user becomes the developer, whatever you want just to create with one click. Let’s see one by one feature of Odoo Studio.

How To Create Apps

  • Click on toggle Studio icon
  • Add a “New App

image1

Welcome screen appears as below. Click on “Next”

image3

Now Add Name of Apps and Design Icon for new app

image2

Click on “Next” to start developing new App

You are just one click away from generating your first app, Add your first menu and click on “CREATE YOUR APP”.

image5

Now Done!

Let’s build property Screen with the different type of fields such as Name, image, selection, date and time, Price etc. and The screen design with help of drag and drop facility in few mins.

image4

Now, form design is ready. click on CLOSE to exit and manage the property.

First look of new apps which are created within few mins

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Through Odoo Studio, a user can Manage List View as well as update existing data any time with an easy click. For that need to just drag fields from “Existing Fields” part and put that into a list where you want to organize.

image6

Using simple Drag and drop facility, a user can Manage Search. for that need to drag “Filter” from the “Components” part. Also use “Existing Fields” directly for the Group by a filter.

Apply a domain into your custom filter and add your condition which wants to use.

image8

Now Custom Search is available to use within few mins

image12

Through Odoo Studio Organize Apps Menu in an easy way. For that need to just drag the menu where you want to organize.

image10

A user can add New Menu for the App with one click

image11

A user can set any view as Home Screen anytime. For that just click on “Set as Default”

image13

Also, a user can Manage or Activate listview, Kanban, Grid, Search, Calendar, Report, Gantt, Graph, Pivot, Action and much more by using Odoo Studio.

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This blog is not enough to describe all functionality of Odoo studio. Because the above-mentioned things may be going to change at the time of release. Also, there are too many features included in Odoo Studio which is not covered in this blog, so stay tuned with us for our next blog on Odoo Studio.

Try Odoo studio now to create your own Odoo Apps.

We believe that this new features will add more value to your future Odoo implementation. If you are looking for Odoo 11 implementation or customization for the existing Odoo. feel free to reach out to us at sales@bistasolutions.com. Also, we would like to hear from you any suggestions or ideas if any at feedback@bistasolutions.com. Subscribe our blogs for more updates on Odoo.

How You Can Leverage ERP To Fuel Your Growth?

Today we live in the world where everyone is growing in all comparison like Innovation required by the time, situation and its demand. When it comes to a business operations transformation it is inevitable whether it is in terms of business communication methods or a change in the way technology plays a role in everyday operations. Here Enterprise Resource Planning (ERP) software solutions have extreme potential in optimizing business operations to improve efficiency and fuel the growth of the business.

  • Scaling up your business

A growing business implies success, but in the phase of success for any business, there will be several associated issues coming day by day. With lack of an effective ERP system, handling different processes or departments and their growing demands will, at the least, become very turbulent. The sales team will miss out on essential customer information that has been updated recently. This means missed targets, missed profits. Not just sales, production team may also suffer for lack of inventory information. Such issues can be easily avoided with an ERP system.

  • Ensure transparency throughout your organization

For any business, information and data are essential business assets. Data security and its virtue is extremely important to ensure that key business information is in the hand of right people. With implementing ERP system, the data is maintained very cautiously and access of it can also be given only to people who have the authority. Also, highly confidential information can be maintained at one place while updates to such information can be done by one or more authorized person.

  • Easy access to information through business automation

Performance Measurement metrics help in evaluating business progress and also help in setting future goals. But with respect to growing business, it will become increasingly difficult to manually calculate Profit & Loss of the company. ERP software brings the business to a level up by permitting users across the organization to access relevant data efficiently. This also enables generation of synchronized reports on key business metrics. Which helps to take timely decisions.

  • Integrated System

As a business grows, its processes expand. Each of these processes is usually hosted on different platforms and run with different applications or software programs. This brings a degree of complexity when it comes to the handling of similar data by your employees from different departments. In such a situation, it is quite likely that your accounts team handles certain software for recording income and expenses whereas the sales team uses completely different software to record sales, which actually form an integral part of your income leading to duplication of data and other errors.

  • Make your business accounting and financial reporting simple

A growing business will have a lot of difficulties with its accounting measures if they are still either manual or if the sales, accounting, finance and HR departments do not have access to common information data. Manual Financial reporting & daily accounting will require comparatively a greater time and effort. By using an ERP analyzing financial data improves employee productivity and reduce delays with various aspects.

  • Make customer satisfaction your priority

To keep the customer satisfied with administrating your sales and inventory efficiently can be an arduous task if the 2 entities are an on different platforms. There could be times when you will have to report product related information to your customer and if you lack updated inventory data, this could lead to a trouble. ERP system helps in maintaining up-to-date information and will also facilitate real-time updating of all data. This will help customer representatives access accurate, updated data and deal with your customers efficiently.

An effective cloud ERP system offers a Cardinal management to the business organization with providing operational support to the management for integrating different departments and dealing with the various changes and fluctuations that take place within them. Pragmatic business organizations need to be prepared to deal with the changing business environments and with an effective ERP solution, this becomes feasible.

If you have any query for Cloud ERP please drop an email at sales@bistasolutions.com. Also, you can write us through feedback@bistasolutions.com and tell us how this blog has helped you.

Top 10 Reasons Why Manufacturers Need ERP Solution?

ERP Solution

Why do Manufacturers need ERP?

Staying competitive in today’s challenging business world needs more than just determination and hard effort. It requires efficiency, accuracy, and the capacity to make data-driven decisions rapidly. This is where Enterprise Resource Planning (ERP) systems come into play.

Implementing an ERP solution can improve your organization’s efficiency, decision-making capabilities, and profitability. As technology advances and company environments become increasingly complex, ERP solutions provide an integrated system for managing essential processes and data. This blog will explore the top 10 reasons why your organization should consider adopting an ERP solution to stay competitive in today’s fast-paced business environment.

Manufacturing ERP

Problems Faced Due To Lack Of Automation ERP In Manufacturing

Manufacturers are currently facing substantial challenges due to a lack of automation ERP in their operations. Without an ERP solution, your company is likely to suffer from inefficient operations, costly and ineffective technologies, and failed customer opportunities.

  • Processes Are Not Centralized

Organizations frequently use one software package for tracking and documenting information, while accounting teams use a different software solution, and human resources use another.

  • Decision-Making Is Faulty

Your ERP solution offers decision-makers the most accurate information in real-time. Too many firms suffer from data silos, which isolate information from other sections of the business.

  • Accounting Is Difficult and Takes Longer

Reconciling financial accounts across numerous spreadsheets and platforms makes it far more difficult to obtain a complete financial picture.

  • Inventory Management Is Inaccurate

Inventory information combines seamlessly with customer relations, sales, and production data, improving communication and outcomes.

  • Compliance Remains an Issue

Many businesses nowadays are required to comply with improved data security and privacy regulations. ERP software enables the correct tracking and reporting of information required to be compliant with federal, state, local, and international regulations.

10 Key Reasons to Adopt an ERP System for Your Business

Streamlined Production Planning and Scheduling

Many businesses nowadays are required to comply with improved data security and privacy regulations. ERP software enables the correct tracking and reporting of information required to be compliant with federal, state, local, and international regulations.

Improved Inventory Management

An ERP solution allows manufacturers to monitor inventory levels in real time, ensuring they always have the appropriate number of raw materials, components, and completed goods. This decreases stockouts, overstock, and carrying expenses, optimizing cash flow.

Enhanced Quality Control

ERP systems frequently contain quality management modules to help track product quality throughout the manufacturing process. This results in fewer defects, and lower return rates, and assures that products fulfill quality standards, which are critical for customer satisfaction and company reputation.

Increased Operational Efficiency

ERP automates repetitive processes and consolidates various departments (such as production, procurement, finance, and sales) into a single system, eliminating manual labor and errors. This integration results in faster decision-making and smoother operations throughout the firm.

Accurate Demand Forecasting

Manufacturers may use ERP’s powerful analytics and reporting tools to evaluate previous data and accurately estimate future demand. Better demand forecasting optimizes production schedules and inventory levels, allowing firms to adapt proactively to market variations.

Enhanced Supplier and Procurement Management

ERP solutions provide vendor management tools to help you optimize procurement and manage supplier relationships more effectively. Manufacturers can monitor supplier performance, negotiate better terms, and shorten lead times, decreasing costs and increasing material availability.

Real-Time Data Access and Analytics

ERP systems offer real-time visibility into all aspects of the business, including inventory levels, manufacturing progress, and financial performance. With fast access to reliable data, decision-makers can address concerns and make informed decisions.

Improved Compliance and Traceability

Many industries have high quality, safety, and environmental standards. An ERP system assists producers in maintaining compliance by providing traceability throughout the supply chain, from raw materials to finished goods, as well as maintaining records to meet regulatory standards.

Enhanced Customer Satisfaction

ERP systems increase order accuracy, ensure on-time delivery, and shorten lead times, resulting in a better customer experience. Manufacturers may strengthen client connections and loyalty by consistently meeting their expectations.

Scalability and Adaptability for Growth

ERP systems are scalable, which means they can expand with the firm. As manufacturers grow their operations or introduce new products, the ERP system may adapt without requiring major overhauls, resulting in long-term value.

Signs Your Manufacturing Company Is Ready for an ERP

Rapid Business Growth

The size of your organization has a big impact on the sort of ERP you use. If you detect a rapid increase in revenue, staff, and procedures, you should consider deploying an ERP. The solution automates the most time-consuming tasks and streamlines other operations in your manufacturing organization.

Complex and Comprehensive Business Activities

If your company’s business procedures are sophisticated and extensive, it may be time to use an ERP. The program makes it easier to monitor and control your functions, make educated decisions, and increase job efficiency.

Increased Issues within Your Business

An established manufacturing company without an adequate ERP system is more likely to face internal challenges. Focus on choosing ERP software that can help your firm solve difficulties and increase efficiency and productivity.

Now, Let’s Take A Look At The Benefits Odoo ERP Can Offer To Your Manufacturing Business

Easy to Use: The Odoo interface is simple and easy to understand. All of the programs your company uses are located right on the toolbar, making it simple to switch between them.

Can be Quickly Set Up: Odoo can be up and running within a few months. You can configure many different Odoo features with just a few clicks.

Safe and Secure: Odoo takes security seriously. Odoo is designed to stop most common security problems, like attacks from outside. 

Easy to Customize: Odoo can be perfectly tailored to your business. This means you can configure Odoo to work exactly how you want it to, based on your business processes and the way you work.

Offers Reporting and Data-analysis Tools: Odoo provides powerful tools for reporting and data analysis, allowing businesses to gain real-time insights into their performance.

Flexible Design For Every Business Size: Odoo’s adaptable design and ability to expand make it a good fit for businesses of all sizes. This means that the software can expand along with the company.

Apps For iOS And Android devices: Odoo offers apps for iOS and Android devices, allowing users to access important business information and tools from anywhere.

Used Globally: Odoo is widely used around the world and includes country-specific features such as tax rules, languages, money, and accounting rules.

Conclusion

Choosing Odoo for Manufacturing ERP can be a smart move that pays off in the long run for businesses of all sizes. Every manufacturing company should consider implementing an ERP system to help improve operations. There are hundreds of reasons you should consider ERP integration, and we have shared some of them to help you decide on the ideal ERP software. Bista Solutions has a team of experts who understand business, technology, and organizational transformation. We would love to talk with you and your team about your business objectives, pain points, and strategic aspirations. Ready to learn more? Contact us today!

How Cloud ERP Saves Your Time And Money?

Cloud ERP
  • by bista-admin
  • Aug 22, 2017
  • 0
  • Category:

Traditionally, Enterprise Resource Planning (ERP) software was located on-premises, which means that responsibility for purchasing, housing, and maintaining the software and all related hardware comes to the own company. Whereas cloud ERP is software that is accessed through the Cloud using the Internet to access servers that are hosted remotely from your business locations.

Many small and medium-sized business (SMB) leaders aren’t thinking about what their on-premises ERP solutions cost the company. They have other more important financial issues to worry about such as the price of fuel, health care costs, and tax increases. Except, if you really think about it, knowing the cost of your on-premises system is critical, especially if there are tools out there like cloud ERP systems that could save significant time and money for your business.

It is important for SMBs to know the hidden flaws of on-premises solutions. For example, who supports the system after the consultant has set it up? And how much does it cost for that support?

Here are some hidden costs that every small-medium-business executive should consider before buying or significantly upgrading an on-premises ERP system which will result in increasing your P&L balance considering the following points.

  • Support & Maintenance: In cloud ERP all the maintenance and its support work are covered in the regular subscription/maintenance charges, unlike on-premise ERP in which there is always an additional cost raised for all the issues to get resolved at every time apart from the regular ongoing support billings.
  • System upgrades and updates: Talking about the system updates and their upgrades it is very difficult to handle the existing data and talking in the real sense it feels like a new and fresh implementation is started whereas in cloud ERP it is completely handled by the service provider vendor. The update is done in such a way that all the existing data and other stuff are untouched.
  • Physical system (Hardware and extensions) Support: In the on-premise ERP for any business update or enhancement in the system implementation partners or vendors directly clarifies that this will cost you some additional charges, but in the cloud ERP if the enhancement is something that will be helpful for multiple businesses then this enhancement is considered as the System update and it will be felicitated to you in the next system update without any additional costing or additional efforts. For eg. barcode scanning/printing or additional print options.
  • No additional IT resources: For on-premise ERP there is a must-have IT resource for maintaining the system activities, but in cloud ERP all the maintenance is handled by the ERP service provider company. You don’t need to have any additional resources to look around your system.
  • Data backup: It costs money to store information, restore it, or back it up. You don’t want to lose even a day’s worth of data. Buying a terabyte backup drive and plugging it into your basement server is just not going to cut it as a safe backup method.

So the conclusion is considering the above points cloud ERP can save you both time and money and hence is an integral part of both small and large businesses alike to manage things better. Cloud ERP keeps provisions open for future growth of the company. In essence, it provides all the available options found in any legacy ERP solution and is way more advanced, and is feature rich when it comes to keeping a real-time track of the ongoing business deals under one roof. The cloud-based ERP solution will ensure the increase in the efficiency of the business at hand by leaps and bounds and would go a long way in ensuring the smooth running of the business.

For Demo or any queries on Cloud ERP Software please contact us or drop us an email at sales@bistasolutions.com.