Does excessive documentation and paperwork make your backoffice chaotic?

Business automation has become inevitable for any organisation that has a foresight and vision to look ahead. The future is technology. Automation is the only respite for achieving desired goals within the timeline for any successful organisation. Export industry is a notch ahead of any other industry. Dealing with overseas clients with different languages and cultures, rules and regulations, currency and conversions etc involves a lot of brain racking work. Export documentation is the most difficult task to sort so that no legalities are missed which can end up the company owner behind bars. A best fit ERP cloud software  solves most of these challenges faced by an export company. Every export order taking place in the company goes through defined steps of documentation like invoice, packing list, bill of exchange, shipping bill etc. Whether you are in an exporting business or someone who uses exporting services, you know that there can be a lot of paperwork involved. There is a lot of paperwork that can often seem endless and repetitive.Instead of performing the same tasks, it should be a simple set of few button clicks automating Export documentation to complete. 

As an Export house your organisation  depends on effective export control processes throughout the supply chain. The legal ramifications of violating export laws can be a huge challenge, we all are aware of that. Freight forwarder, customs broker, sea vessels crew, warehouse management all these can be simply managed by single export business software. To supply the highly competitive order shipments, freight exceeds in volumes of sales and profits, you need an ERP. Still wondering how?

3 Reasons why Exporters need a best fit ERP software 

1. Financial reporting accuracy – all invoicing and purchase orders can be consolidated and kept track of through erp.

2. Enhances speed and agility – ability to respond faster to customer needs and deliver service promptly.

3. Details of shipment – an ERP scheduling application is crucial for optimising work hours and properly utilising resources. This will allow tracking of order details anytime, anywhere.

Every export company should own 2 things:

1. An export compliance program.
2. Export documentation software that standardises the export paperwork.

Both the above credentials can be 

Why should you implement ERP software?

The best reasons to prove the competence of an ERP software specially customised for your export business are:

• Timely export order entries into the system allows companies to plan out their production or procurement activities well in advance.
• Single system software for all departments in the export house – documentation, post shipment and financial accounting. Companies do not have to manage separate spreadsheets for various activities
• Flexibility to validate accounting entries with exchange rate present in the Shipping Bill have ensured company accountants to book the exact value of export sales.No money is wasted in exchange of currencies.
• Auto-computation of fluctuation due to difference in exchange rate’, has reduced significant amounts of time spent on manually calculating the exchange rate and entering it into the system.
• Tracking of the various export incentives with their values has also become easier since they are being entered as additional information in the shipping bills section.
• Packing credit availed and it’s utilisation along with balances and interest has become easier to track as they are being tagged with the realisation or discounting of bills
• Shipment and post shipment statuses such as goods under dispatch, goods in transit come from the ERP itself since various dates such as B/L Date, LR Date, LEO Date are being entered by the customers.
• Remittance statuses such as documents being sent to the bank, pending negotiation and realization pending are available from the system itself.
• Various KPIs, BI and MIS available for the management so that they can take quick and effective decisions.

It is thereby proven that an ERP software improves company productivity, by removing the workload of employees due to complete manual processes in Exports and enable a consolidated digital way of working efficiently. 

It is advisable to take a wise step now to reap the benefits in the future.

For further information or queries please feel free to call us at +91 9007026542 or leave a comment below and our experts will get back to you.

Top 5 reasons why your B2B Business Needs an Ecommerce Website

What is B2B eCommerce?

B2B eCommerce refers to online order transactions between two businesses. Orders are processed digitally, buying efficiency is improved for wholesalers, manufacturers, distributors and other types of B2B sellers.

Types of B2B eCommerce are:

B2B2C

Wholesale

Manufacturers

Distributors

Going wholesale from being customer focused

It was not long before that B2B relationships existed on a face-to-face with more of personal interaction rather than online. Before the advent of eCommerce and digital marketing all businesses were based on a personal level with the customer. While this type of B2B relationship still exists, more companies are looking to eCommerce solutions to increase the ease and transparency when transacting with other businesses or customers. 

According to a study, B2B eCommerce growth shows an upsurge since 2015. The report also suggests that these numbers will continue to climb. With growing numbers like these, it may be time for you to consider building  an eCommerce-enabled website to catch the wave of this digital transformation in B2B commerce. It is advisable to keep up the pace according to the times. Adapting to changes in the market will help your business sustain and be ahead in the market scenario.

I agree it may be overwhelming and intimidating for business owners to find the right time and connection  to jump onto the eCommerce setup. The comfort and security of a successful offline operation keeps many potential entrants out of the B2B eCommerce marketplace. The thought of venturing out into a new game is always threatening. But the challenge here is to come out of the comfort zone and jump into the trends of the latest market. An eCommerce offering can make your business easier to discover and more accessible to a broader pool of potential customers. 

So, why create boundaries or limitations for your business when spreading out your reach can be easily accessed within the comfort of your home or office.

Here are 5 reasons that your business needs to launch eCommerce capabilities.  

1. Makes repeat orders easier and seamless

.As a preferred supplier of your current B2B customers, you’ve earned their repeat business and can count on their sales to generate income. With an online presence, why not make it easier and more seamless for them to buy from you without having to go through the same procedures each time? 

An eCommerce platform allows repeat customers to automatically purchase and re-purchase your products and services speedily, without an extra step of getting in touch with a representative. This saves time for you and your customers.

2. Beats the competitors

In all probability your biggest competitors are already on the online trend, keeping you way behind in the race. Indeed, B2B buyers are increasingly more comfortable with purchasing their products and services online. And as more “digital natives” move into roles where they are making B2B purchase decisions, B2B online shopping will become more commonplace. It is a guarantee that your eCommerce B2B website is a surefire way to future-proof your business. 

3. Data Will Help You create a differentiator 

In the times of clutter, finding a differentiator is a challenge. A new and/or improved eCommerce-enabled website can help you find new opportunities or customers easily. When you create a comprehensive B2B website, you are providing your customers with a more convenient way to research and purchase products. In return, you get a plethora of data about their preferences, what types of information leads them to buy, and more. This information can then be used to guide your marketing strategy for new business, and it can help you streamline and perfect your customer experience so that you are meeting the needs of these B2B buyers. 

For example, if you attach a robust analytics feature to your B2B eCommerce website, you can compile data to help you understand how your customers behave online, and catalog what their unique needs are. This will help you understand the needs of the customer and therefore create a unique, customised product. The saturated business market that you find yourself in may begin to thin out, since you can gain a competitive advantage through your data. 

4. Heightened Customers Expectations 

The concept of B2B ecommerce offers better management of both the suppliers and customers. Going digital means you can leverage software solutions for ecommerce business management. This will show you data about how your customers shop.

You’ll be able to use this information to create better, more personalized shopping experiences for your customers. Essentially, the whole initiative is a win-win for both parties.

Transforming your business through B2B eCommerce and digital marketing will offer your more digitally-minded customers the same type of transactions they are used to in their B2C purchases, while providing them with B2B products and services. 

5. Upgrading your website

Technology never ceases to innovate. Many older B2B websites are not equipped to handle the latest requirements. Regardless of your product offerings, potential customers might pass over your business for another if your website is outdated, lacks functionality and/or mobile-enabled.

While some of these older websites were the backbone of initial B2B processes, many are now challenging to navigate, full of cumbersome forms, and are more hassling. The cost of trying to keep these types of B2B sites up and running in today’s market far outweighs the price for creating a new eCommerce website platform. Other challenges with older sites are that they aren’t typically mobile-enabled, and they cannot support emerging touch points such as chatbots and 360-video, for example. By creating a latest eCommerce website you will be at par with the latest trends of online business. 

The common belief that online ordering is cold.

One of the best ways to make sure a customer doesn’t go to a competitor is by building a long-term, personal relationship with them. This is why so many B2B businesses are family-owned and operated by owners themselves. There’s a personal touch to being one of the family.

Whereas an online store can seem cold in comparison, but it doesn’t have to be. Especially now that Millennials are at the forefront of many B2B buying decisions, buyers are looking for a streamlined digital purchasing experience.

With 24/7 chat technology that can turn an online chat on your store into a text on your phone, the new generation can communicate efficiently and effectively in their preferred communication channel: text, Facebook /Instagram messenger or a variety of other options.

In fact, this type of customer service is not only easy to set up, it is highly desired by customers across the board.

Increasing your speed to respond to a customer is today’s version of quality, face-to-face interactions.

What are you still waiting for? It is time to make the plunge and delve into the nuances of the market and explore new ways to expand your business.

It is time to move your business into the B2B eCommerce marketplace. Holding back could hold your company back from experiencing an entirely new group of potential buyers and stagnating business growth. Offline businesses may begin to lose their competitive advantage as they continue to rely on older methods, while new entrants and competitors fly past them with more innovative technology and eCommerce platforms. It is time to embrace the change and dive headfirst into B2B eCommerce. Expand smERP is India’s best fit solution for your eCommerce needs.

 

To know more details contact us at +91 9007026542.

Is it the right idea to have existing Accounting software integrate with advanced ERP solutions

The proverb, the more the merrier might not prove to be true for goal oriented business men, when it comes to picking the best business management solution for a company. However, for some, this could be just as valid as the battle of ERP vs CRM, HRM & Accounting softwares for picking them as a single solution or not always plays a dilemma on the minds of entrepreneurs. This is a confusion that if not addressed correctly might affect the overall business process in the long run.

Initially, you might have felt that your company wouldn’t require the service of a complete ERP solution and thus you decided to get just CRM, HRM or Accounting as a separate solution. However, after a few months, you started to realize that it is becoming cumbersome to maintain separate solutions for each department of CR, HR & Finance. It is at this juncture that you will feel the need for a fully integrated  Enterprise Resource Planning that can maintain and communicate data inter-department.

What happens when you have separate softwares to serve various departments?

For example;

Accounting softwares 

It works as a basic financial accounting system for a company that provides accounting-related information mostly helpful for the future strategy-making for the business. The accounting solution enables tracking of financial data centrally within the international system of multiple languages, organizations, currencies, charts of accounts.The solution also helps in generating general ledger, account payables & receivables of the company transaction. Also when it comes to managing the fixed asset of the enterprise the solution plays a role in maintaining acquisition, depreciation, etc.In many solutions, the functionality also includes a financial process of legal merging of assets, financial status and earning of an association that acts as if it was for a single project. Moreover, it facilitates the opportunity to strategize the commercial parameters of the enterprise. It triggers an early alert in case the influencing factor becomes hard to identify when they become cynical and complicated to analyze. Some popular Accounting softwares are Tally, Zoho, Quickbooks etc.

However, can these softwares manage your warehouse or productions or even strategy planning? The answer is No! 

Which One Is Ideal for Your Business?

Both ERP and the single solutions of CRM, HRM & Accounting has its own purpose to serve in business. But it is also essential to understand when and why you should pick one of these solutions for your company. Otherwise, you might just regret your decision in the future.

Choose complete ERP software as a standalone solution when

• You feel the need for an all-in-one solution to manage the medium to large enterprise with integrated CRM, HRM or Accounting in the same platform
• You want to reduce the cost of overall business process & optimize revenue
• Access to CR, HR & Accounting related information at one place is necessary
• You want a solution that centralizes both front- & back-office business processes
• A company need to consolidate the given information collected from the different functional human resource, customer management, financial department of the enterprise from its framework of integrated CRM, HRM, and Accounting

Choose CRM, HRM or Accounting as a standalone solution when

• You feel the need to use any single solution separately at a time to manage the small to medium-sized business with the company
• You want to enhance your sales, employee satisfaction, account management process individually
• A company wants its related information to be accessed using each individual solution of the separate module
• You are required to utilize the solution to conduct front office activities
• The company needs a collection of data from any single functional module of HR, CR or Accounting at a time.

One Perfect Solution for All Your Business Needs

It is obviously clear by now about the perks of using complete ERP against a single CRM, HRM or Accounting solution. India’s best-fit ERP solution Expand smERP  satisfies all your business requirements for the past 17 years in the most prolific way possible enabling you to activate CRM, HRM or Accounting module totally separately. Adopt Expand ERP for 360 degree business management solution which makes success in business easier to achieve.

 

To know more details contact us at +91 9007026542.

How an advanced ERP can help to improve productivity in the garment industry

The garment industry has been greatly challenged by the growth of a global market of international brands as well as E-Commerce over the last five years. It is a known saying that “Change is the only constant!” Thus the only solution is to adapt to the change and embrace the positives of the current situation.

The solution for the sustenance of the manufacturers in the garment industry has been researched and tested.  It is to meet the updated operations, enhancing supply-chain and distribution to meet customer demand. A best-fit
Apparel ERP is used on a greater scale to get detailed data of orders online, form query responses, effective control and plan and schedule orders accurately. 

ERP is used in the apparel industry for a garment manufacturing process, design, material checking, shipping, and distribution. A fashion ERP provides a centralized database of all the business processes. 

Managing an apparel industry without an ERP Software is close to a disaster. An ERP software for manufacturers in the Apparel industry helps the organization anticipate user demand patterns, wishlists, and clients requirements. As per the latest research of the Apparel Business and ERP Software Industry market provides a comprehensive assessment of the key factors driving the industry growth. It also lists out the existing challenges and opportunities crucial to business expansion in the future.  It provides an economically wide database to enhance business management and boasts a dedicated section for considering leading players. So, the impact of the pandemic is covered too.

Why Does The Fashion Industry Need a Apparel Management Software?

Market dynamics shift on a daily basis, heightening rivalry among clothing brands to attract more customers. Consumers are more drawn to a wide range of options. As a result, if they go shopping, they will look for exclusive deals and schemes. Apparel management software allows you to control costs and losses by organizing inventory. Based on the sales data, you can categorize the least and most common products. It will help you make better choices such as placing new orders, introducing discount plans, and so on.

Apparel software is suitable for large, medium, as well as small apparel brands that want to upgrade their operations and grow fast in the lifestyle market. You get a comprehensive, cost-effective, and adaptable software solution tailored to your company’s requirements. When all on your premises are connected, you will be able to retain more customers. It will allow you to respond to customer inquiries more effectively, increasing your growth revenues.

Top reasons to adopt an Apparel ERP software

A best fit ERP software in the apparel industry offers businesses several benefits in monitoring operations, helping the organizations to plan effectively and work on a unified, seamless platform for greater operational efficiency.

Planning Inventory Management

It lets the business comprehend the basic ideas of cost while maintaining the right mix of merchandise across the organization. Monitoring the state of stock/inventory of the Organization gives a proper picture of the status of the raw material and makes planning and management easier.

Improves Production Planning

With an advanced ERP software,  organizations can draw the best and most cost-effective schedule in planning and control of production.

Increases Accessibility

Digital transformation has made it necessary for key personnel to have access to reports and information 24/7, remotely, from any authorized device.

Enhances Time Management

To fulfil the purchase orders quickly while allocating the right person the right work, ERP software makes it possible. It helps in reducing errors, redundant data entry and other problematic activities. With an ERP software, real-time tracking and reporting of resources at the warehouse, shop floor, procurement, shipment is also possible.

A Hub of Multiple Functions

The dashboard offers a complete view of every department or operation which includes Production, Supply Chain Planning, RCCP, QC, Warehouse Management, Finance, HR, Sales, Marketing, Shop Floor Control.

Accuracy

ERP facilitates prompt decision making, productivity and improves the connection between vendors, customers, and coworkers by offering the correct information to the authorized users who work from anywhere in the world.

Enables inter -Department Collaboration

ERP software for the apparel industry includes a plethora of features. The main benefit of this integrated platform is that it allows employees from any department to use the same system, making data entry, editing, accessing, and transferring information much easier and faster. Thus it promotes better networking and communication among team members and departments, allowing for uninterrupted services during operational hours.

Streamlines business operations

When important business data is spread across multiple platforms, it is difficult to access when needed. As a result, apparel companies frequently find ERP systems useful in consolidating data into a single platform and retrieving information in a common usable format much easier. Furthermore, an apparel ERP system enables role-based permissions, allowing  control  information employees have access to and grant permission only to the appropriate personnel.

Indian Textile Industry is one of the largest industries in India. It is the second largest in terms of providing employment opportunities to more than 35 million people in the country. It contributes to 7% of industrial output in terms of value, 2% of India’s GDP and to 15% of the country’s export earnings. It is quite overwhelming to realize that your textile company contributes to this statistics, knowing how arduous it is to manage a large manufacturing company. To make your business processing simpler, adopt our cutting edge ERP Solution on cloud and let the software manage your business processings.

Expand smERP has integrated solutions for the unique needs of the apparel industry. What is unique to this industry is that the item produced has to be made in different sizes, styles and colors. Apart from Inventory Management and Supply Chain Management, apparel retailers and manufactures have to look after the  Inventory System which looks after the style, size and color of an item. We are well equipped to handle such unique features of the manufacturing of garment industry and take your business to the next level.

 

To know more details contact us at +91 9007026542.

Top 7 ways modern ERP technologies have helped transform the auto industry

The automotive industry is one of the world’s largest economic sectors in revenue.

Like others, the global automotive business is experiencing rapid change. Even as it braces itself for the impact of trade wars and economic slowdown in India, OEMs are rebuilding their organizational structures to create lean and efficient set-ups. They are being reshaped by several forces such as technology changes, customer expectations, and more recently with the unexpected impact of the pandemic. The vehicle is fundamentally changing from purely mechanical engineering into a software-defined connected mobility platform that needs to respond to the rapidly changing priorities of modern vehicle buyers. Companies like Tesla are creating AI-integrated electric cars to reduce pollution and lessen the consumption of petroleum.

The automobile industry was one of the first industries that witnessed the power of automation and robotic processes in the last decade. While the automobile manufacturing sector was equipping itself with robotic process automation, it became critical for dealers to match the demand and balance the supply through its own automation-driven processes in sales and services. This is where the immediate need was felt for an ERP software for the automotive industry, engineered to cater to its unique needs and requirements.

Elevated Importance of an Automotive ERP Software

With the pandemic still raging across many countries and leaving a trail of havoc and destruction, the need for predictive analysis has become more essential. Although it is true that no predictive analytics engine could have foreseen the disasters of this pandemic, in order to come out of the dire state we are in, it becomes vital that businesses future-proof their operations. Predictive analytics is just one of the many advantages of deploying a cloud ERP solution for automobile sales and assembly processes.

Benefits of an automotive ERP software on Cloud.

1. Renovating Operational Processes

The world we live in has transformed immensely. Even before the pandemic, we saw distinctive changes in various business areas that altered global eco-systems such as supply chain and manufacturing. Considering the new realities, businesses operating in the automobile industry require a serious overhaul and a total revamp of processes.

Cloud ERP software solutions for the automotive industry are designed to help businesses transition through this change. They are equipped with tools to build robust processes and seamless operations. Such automotive ERP software would align processes more accurately with short-term and long-term organizational goals and drive efficiency through automation.

2. Real-time Tracking for planning and decisions

With various processes and workflows in the strategy, a robust reporting system defines the difference between sustained growth and stunted growth of an organization. An ERP software developed for the automotive industry equips you with real-time tracking tools to keep an eye on all operations. By flattening  the flow of data across all departments and consolidating it automatically, the ERP solution ensures to feel the pulse of your business, at any time from anywhere. This is the best solution for remote working.

3. Inventory Control 

Having complete control over incoming and outgoing stock will be crucial if you want to ensure your inventory is well planned and balanced as per the market demand. Not only would an automotive ERP software save costs resulting from effective resource utilization, but it would also help you overcome possible deficits in stock through its analytics tools to measure resource spending. The more control you have over inventory, the lesser are the chances of getting troubled by surprises arising due to fluctuations in market demands. Managing the warehouse with a WMS or warehouse management software is a boon to any manufacturing business.

4. Maintaining Quality and Efficiency

Quality control has become more challenging and increasingly complicated. Ensuring high quality standards takes more than standard processes and regulations. It requires insights that could help you avoid common quality-check hurdles so that the timely delivery of products could not be affected. The best automotive ERP software solutions empower businesses with in-built quality control modules. These modules could be customized, scaled and defined to suit the unique testing procedures for each unit for any department.

5. Cost Reduction

Post pandemic, it is no surprise that cost reduction has become a priority among business units, especially in the automobile sector. With companies trying their best to minimize the impact of the pandemic and managing chaos, it is imperative that all cost centers be quickly identified. Cloud ERP solutions help in auditing all business units and provide you with detailed insights regarding the ROI and expenses of all areas, helping you decide what action to take about them.A suitable ERP software helps reduce costs at all levels distinctly making your business more profitable.

6. Communication and Collaboration to deliver optimal Customer Support

ERP software solutions for the automotive industry allow you to improve internal and external communication at all levels. They are specifically designed to help your teams overcome hurdles in communication that plagued them and prevented them from sharing data securely and easily. By providing new and simplified methods to interact and share data, you would foster collaboration which would result in increased productivity. Another critically important area that would benefit from a cloud-based automotive ERP software is customer support. By integrating inbuilt CRM with the ERP, you can make sure no customer query goes unanswered, no service request is unfulfilled and all customers as well as vendors are part of a systematic loop of communication.

7. Increased organization productivity

Creating a more connected and productive organization by empowering your whole business with team collaboration tools and the processing power of the cloud.

To keep pace with the shifts happening within the industry, OEMs, dealers and beyond need to ensure that their entire organization from the C-suite to the factory floor is seamlessly connected and empowered with the right tools. To enhance collaboration and maximize productivity, companies are digitally transforming the workplace with AI and intelligent automation to streamline workflows and offload repetitive tasks. They’re integrating low and no-code solutions that enable anyone to build and deploy powerful apps and focusing on new training platforms to enhance employee skills. Enterprise-wide digital solutions and mixed reality interfaces are bringing together traditionally siloed teams by unifying devices, data, relationships, and processes.

Need Inputs from ERP Experts for Your Business?

The above points provide us with a clear view of the potential of cloud ERP solutions and how invaluable they are for the automotive industry.

There is an ocean of ERP vendors in the market and navigating it may be tiresome and would require you to spend too much time on research. As the providers of the best automotive ERP software solutions in India, we at Expand sm ERP pride ourselves in guiding our customers with the right advice regarding business applications and how they would help in overcoming operational challenges.

 

To know more details contact us at +91 9007026542.

7 ways inventory tracking has changed in modern warehousing

Elon Musk says, “Great companies are built on great products!”

 

However, only having great products and not being able to distribute efficiently among your customers is a mark of great inability to run your business. Many companies are still struggling to control inventory levels while managing customer demands across multiple channels. Having an inventory management system that provides excellent inventory accuracy is a must-have to sustain in the competitive market. Businesses that don’t keep a track of their inventory and stock will obviously be drowning themselves in deep water. They will have customers placing orders that can’t be fulfilled while they may misplace stock if they aren’t keeping an accurate track. When you manage your inventory accurately, it will lead to a much clearer view and better understanding of how much raw material or inventory you will need to have on hand to meet customer demands. This will ensure that you don’t have to worry about running out of items all the time. Knowing how much inventory you have also ensures that your customers aren’t placing orders for products you do not have available. There will be less of a concern of shortages without worrying about having too much inventory in stock.

 

Besides, one of the major challenges of many warehouses is being disorganized. When you have a large number of products to store, it is easy for things to be misplaced if you don’t have an inventory management system in place. You will find many different ways that you can organize your warehouse. Some companies tend to put the bestselling items together in places that are easily accessible. Others have different locations for different types of items, keeping items together. How you store the products can be just as important as having a system that is easy to understand so inventory can be found when needed.

 

Inventory accuracy will also help you to save a substantial amount of time and money. When you keep track of items that are available and that have been ordered, you won’t have to do an inventory recount. Quality software can update the stock in real-time, so you always know what is available without needing to worry about checking it by hand.

 

Because you will also know which products are selling well and which ones are not selling, you will know what you may want to discontinue selling. If you have a product that doesn’t sell, it is just taking up valuable space on your warehouse shelves. Being able to get rid of the slow sellers and non-sellers will be a huge benefit. It also gives you more insight into the types of products your company should be stocking or manufacturing.

These days, warehouse technologies are evolving at a rapid rate. This, of course, is a great thing as it helps warehouses the world over to speed up their efficiency, diversify their operations and offer lightning-fast fulfillment times to their customer base. It’s a golden-age for warehouses, but it’s also a time that can be dizzying for those working in warehouse management; the opportunities can seem both overwhelming and endless.

Inventory management is important for SMBs as well as big brands to prevent stockouts, manage stock across multiple sales channels- multiple B2C & B2B marketplaces, websites and stores, and ensure accurate recordkeeping.

Top 7 ways inventory tracking has changed in modern warehouse management :

1. Warehousing has become a vital role in modern business.

With eCommerce business flourishing with leaps and bounds each day, warehousing has taken a lead role in conducting business.The work of warehouse and distribution staff is the lifeblood of eCommerce. Without these vital elements, few of the innovations of the past two decades would be possible. 

Warehouses in the eCommerce era must often take on a variety of roles and play all of them well. Many warehouses now perform value-added services including product assembly and customization. That’s also made it even more vital to develop efficient inventory processes as warehouse staff are consistently asked to do more with the same resources. 

2. Efficiency has been boosted with the latest tracking systems.

Along with the evolution of warehousing in the 21st century,inventory tracking has had to grow and evolve as well. Using ERP distribution software or systems that automatically adjust inventory and sync it with invoices is the new gold standard for the most successful companies in eCommerce.Fortunately, barcode and RFID scanning technologies have been vital difference-makers in improving the efficiency of inventory counting. 

3. Mobile enabled softwares has created remote offices for employees.

Smartphones and tablets are nowadays often perfect warehouse tools that offer great potential to increase picking productivity and accuracy when paired with the right software. The latest good ERP software will enable the employee to use his mobile device as his inventory tracker with ease.

4. Popularity of JIT Lean systems

With more sophisticated inventory monitoring increasingly available, many businesses have begun to interrogate their inventory practices. Just-in-time (JIT) inventory management is one popular option for streamlining supply chain and inventory operations. This model aims to greatly reduce the amount of inventory needed in a warehouse by manufacturing and storing only enough product to fill demand.

5. Technology now allows non-traditional tracking and storage methods.

Companies like Amazon have been able to power us with  innovative practices that are being introduced every day. One such method is what’s been referred to as ​“Chaotic Storage.” In this warehousing model, the locations of items are managed entirely by the sophisticated computer models that compile the pick lists.

6. Aids to ease out supply chains with efficacy.

Supply chain management is increasingly a make-or-break factor for success in eCommerce. Today’s technically advanced inventory monitoring systems are increasingly integrated into the hearts of supply chains themselves. By bringing together multiple systems into one, these manufacturers can gain a holistic perspective into how their supply chains perform resulting in better turnover of inventory more quickly, make better use of warehouse space, improve customer service and more.

7. Smart warehouses are setting the new pace.

Completely automated — or at least a almost automated warehouse is the new Smart Warehouse of the century.eCommerce is only becoming more complex as channels continue to proliferate, and warehouse inventory technology is working hard to keep up. Many businesses have started making their warehouses smarter by using automation technology to streamline their operations. Whether it’s automatic billing to reduce paperwork or computer-generated pick routes to optimize picking efficiency. 

Modern-age inventory tracking software systems are more robust, powerful and convenient than ever. Inventory management tools exist that address nearly every niche and need in manufacturing and distribution. Businesses that invest in their futures by developing robust inventory systems are likely to see improved outcomes, especially as the field’s innovators push forward to new frontiers.

 

Expand smERP is India’s best fit Warehouse management software solution that is continuously innovating and keeping its users at par with the trend in inventory technology. Power up your business by adopting Expand smERP and watch your business grow.

 

To know more details contact us at +91 9007026542.

Top Benefits of using Business Intelligence in your ERP software

What is Business Intelligence?

BI is a term that “includes the applications, infrastructure and tools, and best practices that enable access to and analysis of information”  – Gartner

 

In simpler terms, Business Intelligence(BI)  provides a comprehensive overview of your data through business analytics, data mining, data visualisation and best software practice. Having developed exponentially over the years, BI now provides data-driven solutions that empower businesses for better decision making. It helps companies to improve the critical decision making at all levels of the organization. Over a short span of time  you can gain insights into consumer buying, employee productivity and various other departments, through permutation and combination by using BI. 

What is the value of Business Intelligence?

Businesses can leverage BI to improve business performances using quality data accessed from various avenues. Here’s how:

Identifies market trends

Identifies issues or challenges within the business

Tracks business performance in various areas

Analyses customer behaviour

Notes ways to optimise operations

Seeks avenues for increased profits

How can ERP assist your BI?

The ERP and BI systems can work together to convert business data into useful information that can propel your company forward. ERP software can organise your business data which BI software will then mine and present into usable visuals. Effectively, BI requires ERP to function fully and, in fact, some ERP systems will have built-in BI functionality.

What are the benefits of BI in an ERP software?

Here’s a look at why the symbiotic relationship of BI in ERP is truly beneficial for business:

Enhances business predictions – BI provides you with a complete overview of your real time ERP data through easy-to-understand dashboards.

Increases productivity in employees –Where businesses used to have dedicated teams of employees committed to data analysis, BI will generate accurate reports without such input, giving ample time to your staff to work on other critical business operations.

Accuracy in data and reporting – The automation of data analytics also reduces the risk of human error that could have disastrous effects. It also prevents the creation of multiple reports leading to time consuming activities and headaches.

Predictive and prescriptive analytics – An ERP system with BI functionalities allows  effective historical data analysis and future trend predictions. BI can also prescribe analytics for future business decisions.

Historical insights –Through ERP and BI, you can analyse your company’s previous data such as sales’ performance as a way to analyse your numbers and identify areas of growth. Post mortem of past transactions allows you to judge pros and cons of your business. 

Identifying Market trends – With BI connected with your ERP it becomes easier to research and compare the trends happening in the market. It can be easier to plan and sort out the future processes accordingly.

BI gathers and consolidates data from multiple sources –Your business no doubt uses a variety of databases to collect your financial and operational information. If you need to compare data from one program with that obtained from another, a BI solution will provide the bridge you need in order to make sense of the interaction between the two. For instance, to make long term decisions about inventory or sales processes, you need to see the correlations between your product database, your advertising campaigns and your sales results. The BI solution should take care of the extract, translate, and load (ETL) process and the BI solution itself can be used to check the data. 

BI facilitates management –  Good management is based on good decision making. A BI solution will give your managers the information and insight necessary for making the best decisions quickly and easily. Key performance indicators, visible on your BI dashboards, will provide even non technical managers with a view of the department or company’s overall health and identify areas of concern before they become problems.

 

Business intelligence software is not just a way to sort and view data; it is an essential tool for advancing your business by providing the insight you need in order to make intelligent business decisions.

Why use Expand BI?

ExpandsmERP has been empowering its users over the last 16 years. We understand your business needs and plights and customise your ERP software according to your specific needs. Expand Business Intelligence provides a comparative view with real-time data in the form of charts, graphs and table format. This is very useful for the top management to calculate and make decisions and plan accordingly within a short period of time. It thereby saves a lot of manual labour and time resulting in substantial business growth. Secondly, users can create their own desirable reports with Expand BI, which provides the  management a mindful  insight of the business and take prompt  decisions to solve any problems or challenges.

If you’re looking for a suitable ERP software,  it is advisable to consider a system that has BI functionality which enhances your business operations. ExpandsmERP pioneers in fully integrated ready to use Business Intelligence in ERP software. Use ExpandsmERP solutions in the industry and watch your organisation shape your dreams.

 

To know more details contact us at +91 9007026542.