[vc_row][vc_column][vc_column_text css=””]In today’s rapidly evolving business landscape, strategic planning is more crucial than ever. Companies that wish to remain competitive must not only have a clear vision but also the ability to execute that vision efficiently and effectively. This is where Enterprise Resource Planning (ERP) systems, such as FactsERP for small and medium businesses, come into play. FactsERP can transform strategic planning from a theoretical exercise into a practical and actionable plan that drives business success.

The Importance of Strategic Planning

Strategic planning involves setting long-term goals and outlining the steps necessary to achieve them. It provides direction, aligns resources, and helps organizations respond to changes in the market. However, without the right tools, even the most well-thought-out strategies can falter during execution. Challenges such as data silos, inefficient processes, and lack of real-time insights can hinder the ability to turn vision into reality.

How FactsERP for Small and Medium Businesses Bridges the Gap Between Vision and Execution

An ERP system integrates various business processes across departments into a single unified system. This integration allows for seamless communication and data sharing, enabling better decision-making and more efficient execution of strategic plans. Here’s how FactsERP for small and medium businesses facilitates the journey from vision to execution:

1. Data-Driven Decision Making

One of the key strengths of FactsERP for small and medium businesses is its ability to centralize data. This centralization allows decision-makers to access real-time information from across the organization, providing a holistic view of the business. With accurate and up-to-date data, leaders can make informed decisions that align with the company’s strategic goals. This data-driven approach reduces the risk of errors and ensures that decisions are based on facts rather than assumptions.

2. Aligning Resources with Strategic Goals

Effective execution of a strategic plan requires aligning resources—such as personnel, finances, and materials—with the company’s objectives. FactsERP for small and medium businesses helps achieve this alignment by providing tools for resource planning, budgeting, and forecasting. For example, if a company’s strategic goal is to expand into new markets, the ERP system can help allocate the necessary resources, track progress, and adjust plans as needed to ensure the goal is met.

3. Enhancing Collaboration Across Departments

Strategic plans often involve multiple departments working together towards a common goal. However, departmental silos can hinder collaboration and lead to inefficiencies. FactsERP for small and medium businesses breaks down these silos by integrating all business functions into a single platform. This integration fosters collaboration, as employees from different departments can easily access the information they need and work together more effectively.

4. Streamlining Processes for Efficiency

Efficiency is key to executing a strategic plan successfully. FactsERP for small and medium businesses automates routine tasks and streamlines processes, reducing the time and effort required to complete them. For example, automating inventory management, order processing, and financial reporting can free up valuable time for employees to focus on strategic initiatives. Additionally, the system’s workflow management features ensure that tasks are completed in a timely manner and that any bottlenecks are quickly identified and addressed.

5. Monitoring Progress and Adapting to Change

Even the best-laid plans need to be adaptable. Market conditions, customer needs, and other external factors can change rapidly, requiring businesses to pivot their strategies. FactsERP for small and medium businesses provides real-time insights into key performance indicators (KPIs), allowing companies to monitor their progress against strategic goals. If the data indicates that the current strategy is not working as expected, the company can quickly adjust its plans and reallocate resources to stay on track.

Case Study: Successful Strategic Planning with FactsERP for Small and Medium Businesses

Consider a retail company that aimed to expand its operations into new geographic regions. The company used FactsERP for small and medium businesses to analyze market data, forecast demand, and plan the necessary logistics. By aligning its resources with the strategic goal and monitoring progress through the ERP system, the company successfully opened new stores in the target regions, increasing its market share and revenue.

Conclusion

Strategic planning is essential for long-term success, but without effective execution, even the best strategies can fail. FactsERP for small and medium businesses bridges the gap between vision and execution by providing the tools needed for data-driven decision-making, resource alignment, collaboration, efficiency, and adaptability. By leveraging FactsERP, companies can turn their strategic visions into reality and achieve sustainable growth in a competitive market.

Add outbound links to credible sources that discuss ERP benefits, strategic planning, or small and medium business growth strategies. Example:

 

Useful Links:

• Learn more about strategic planning with ERP from this article on “Enterprise Resource Planning Systems: Effects and Strategic Perspectives in Organizations”.
• Explore insights on small business growth at Harvard Business Review.
• For more information on how ERP systems can boost business efficiency, check out our post on How ERP Software Can Improve Your Business Efficiency.
• Read more about Customizable ERP for Auto Spare Parts to see how ERP can be tailored to different industries.

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In the world of Enterprise Software’s ERP and CRM are the most commonly recurring buzzwords you might have heard.

Are you a business owner who is looking to adopt a new system to automate your workflow, or to change the existing system to a new one?

Do you find yourself confused about which one to choose?

The following article will go over the key features of both ERP & CRM software and the key differences between them, enabling you to make the best decision on which to implement for your business.

CRM: Enhancing Customer Relationships

Customer Relationship Management (CRM) software is primarily focused on your interactions with customers. It’s all about improving customer engagement, satisfaction, and loyalty. CRM systems are designed to centralize customer information, track interactions, and provide insights that help you build stronger, more profitable relationships.

Key Features of CRM:

1. Customer Data Management: CRM collects and organizes customer data, such as contact information, purchase history, and communication history.
2. Sales Management: It helps sales teams manage leads, opportunities, and track the sales pipeline.
3. Marketing Automation: CRM includes tools for email marketing, lead nurturing, and campaign management.
4. Customer Support: It supports customer service with case management, ticketing systems, and knowledge bases.
5. Analytics: CRM offers insights into customer behavior and preferences.

ERP: Streamlining Your Business Processes

Enterprise Resource Planning (ERP) software is a comprehensive solution designed to manage and optimize various aspects of your business processes. It acts as a centralized system that integrates multiple functions and departments, including finance, HR, inventory management, procurement, manufacturing, and more. ERP is like the backbone of your organization, ensuring that various operations run efficiently and smoothly.

Key Features of ERP:

1. Centralized Database: ERP systems provide a single source of truth for all data across your organization, facilitating better decision-making.
2. Efficiency: They automate and streamline internal processes, reducing manual tasks and improving productivity.
3. Financial Management: ERP handles accounting, budgeting, and financial reporting.
4. Supply Chain Management: It optimizes inventory and supply chain processes to reduce costs.
5. Manufacturing: ERP assists in production planning, quality control, and work order management.
6. Human Resources: It manages employee data, payroll, and HR processes.

The Key Differences

• Focus: ERP focuses on internal processes, while CRM centers on customer interactions.
• Integration: ERP integrates various internal functions, while CRM integrates customer-related functions.
• Use Cases: ERP is used by multiple departments, while CRM is typically used by sales, marketing, and customer service teams.
• Data: ERP stores data on products, inventory, finances, and employees, while CRM stores data on leads, customers, and interactions.
• Goals: The goal of ERP is to streamline operations and reduce costs. The goal of CRM is to enhance customer relationships and increase sales.

Conclusion

In conclusion, ERP and CRM are distinct but complementary solutions that can be crucial for your business. The choice between them depends on your organization’s specific needs. In some cases, businesses benefit from implementing both to achieve operational efficiency and improved customer relationships.

Consider your business goals, and evaluate whether you need a robust ERP system, a customer-centric CRM solution, or a combination of both to excel in today’s competitive landscape.

Our Flagship solution, FactsERP comes with a dedicated CRM module helping you integrate the business operations along with customer relationship management providing a complete solution to navigate the market and outperform your competition.

Contact Us at Dynamics Axis for more info.

Discover how implementing a cloud-based ERP system revolutionizes financial management for CFOs

In the ever-changing and dynamic landscape of business organizations, Chief Financial Officers (CFOs) carry the weight of various responsibilities. They bear the daunting task of overseeing crucial functions, including driving growth and mitigating risks. To navigate these challenges successfully, finance leaders must leverage all available tools to make informed decisions. However, in the era of digital transformation, relying on outdated legacy ERP systems can put a company at risk of lagging behind competitors with advanced infrastructure.

To address these concerns, cloud-based ERP software emerges as a game-changer, empowering CFOs with personalized insights and data metrics. This enables finance heads to make transformative, data-driven decisions that enhance the performance of their core tasks. This article explores five key ways in which a modern, cloud-based ERP system can revolutionize the role of finance leaders and elevate their overall effectiveness.

Complete Overview of Data

Implementing a cloud-based ERP system allows CFOs to gain valuable access to real-time insights into the financial operations of their business. This newfound visibility facilitates effective management of income, expenditures, and budgets, as well as better control over stock levels and monitoring demand. With an ERP system in place, CFOs can conveniently access all relevant information from a single centralized location, overcoming obstacles more efficiently and ensuring that all relevant factors are taken into account.

Additionally, this centralized approach enhances the accuracy of information, minimizing manual errors. Further, the integration of an ERP system enables CFOs to identify potential efficiencies, resulting in reduced organizational costs. By eliminating redundant processes, the budget can be optimized and allocated more effectively.

Compliance and Taxation

In addition to their primary responsibilities, CFOs are also responsible for handling taxation and ensuring regulatory compliance. Implementing a cloud-based ERP system provides them with powerful capabilities for handling tax-related activities. ERP systems include comprehensive reporting interfaces that allow CFOs to investigate and address regulatory compliance issues in various business operations.

Finance leads can swiftly identify areas that need corrective action and take immediate action to ensure compliance by utilizing the insights offered by the ERP system.

Data-Driven Decision Making

Implementing an ERP system can significantly benefit CFOs by empowering them with data-driven decision-making capabilities. With a modern ERP in place, CFOs gain access to a wealth of accurate and real-time data across various financial aspects of the business. ERP solutions provide personalized dashboards and data metrics, allowing CFOs to analyze financial performance, track key indicators, and identify trends or patterns.

The data-driven approach facilitated by the ERP system enhances the CFO’s ability to assess risks, forecast financial outcomes, and align financial strategies with the overall business objectives. Ultimately, this empowers CFOs to drive growth, optimize resource allocation, and contribute to the long-term success of the organization.

Performance Tracking

ERP systems have the ability to provides CFOs with visibility into the company’s performance against financial and operational Key Performance Indicators (KPIs). They can then leverage this information to take corrective actions and ensure timely resolution. When complemented with robust analytics tools, an ERP system enables CFOs to identify trends and plan more effectively. Finance leads can drive performance improvements, optimize operations, and make data-driven decisions that contribute to the overall success of the organization.

Comprehensive Financial Management

Implementing an ERP system provides CFOs with a comprehensive financial management solution. An ERP system provides CFOs with a comprehensive perspective of the organization’s financial health by centralizing financial data and operations. This enables them to manage many parts of financial management, including as budgeting, forecasting, cash flow management, and financial reporting, more efficiently.

In summary, implementing an ERP system empowers CFOs with the tools and capabilities to comprehensively manage the financial aspects of the organization. From budgeting and forecasting to financial reporting and compliance, an ERP system streamlines processes, provides real-time insights, and enhances financial governance, ultimately enabling CFOs to make informed decisions and drive financial success.

As mobile devices become more prevalent in the workplace, businesses are seeking ways to streamline their operations and increase efficiency. Enterprise Resource Planning (ERP) software has traditionally been the go-to solution for managing business processes and data, but the rise of Progressive Web Apps (PWAs) has opened up new possibilities for mobile ERP software solutions.

A PWA is a web application that can be accessed through a web browser, but functions like a native app on a mobile device. PWAs are designed to be fast, reliable, and engaging, and they can be installed on a user’s home screen for easy access. Because PWAs use web technologies like HTML, CSS, and JavaScript, they can be developed faster and more cost-effectively than native apps, without sacrificing performance or functionality.

Mobile ERP software solutions can benefit from the advantages of PWAs in several ways:

Accessibility

Because PWAs are accessed through a web browser, they can be accessed from any device with an internet connection, without the need for downloading or installing an app. This means that users can access ERP software on their mobile devices from anywhere, without being tied to a specific device or operating system.

Offline functionality

PWAs can cache data and provide offline functionality, so users can continue working even when they don’t have an internet connection. This is particularly useful for mobile workers who may not always have access to reliable internet connectivity.

Push notifications

PWAs can send push notifications to users, alerting them to important events or tasks. This can help users stay on top of their work and respond quickly to changes or updates.

Improved performance

PWAs are designed to be fast and responsive, with quick load times and smooth transitions. This can help users work more efficiently and reduce frustration and delays caused by slow or unresponsive software.

Lower development costs

Because PWAs use web technologies, they can be developed faster and more cost-effectively than native apps. This can make mobile ERP software solutions more accessible to small and medium-sized businesses that may not have the resources for custom app development.

Overall, PWAs offer a promising alternative to native mobile ERP software solutions. By leveraging web technologies, PWAs can provide a fast, reliable, and cost-effective solution for managing business processes and data on mobile devices. As businesses continue to embrace mobile technology, PWAs are likely to become an increasingly popular choice for mobile ERP software solutions.

This is where the Facts BUD-e helps companies who are looking for a mobile ERP software solution that can offer several benefits to organizations of all sizes. By leveraging the advantages of Progressive Web Apps, Facts BUD-e PWA can provide a fast, reliable, and accessible way to manage business processes and data on mobile devices. With offline functionality, push notifications, and improved performance, users can work more efficiently and respond quickly to changes or updates.

Additionally, the lower development costs of PWAs can make Facts BUD-e PWA more accessible to small and medium-sized businesses, without sacrificing functionality or security. Overall, Facts BUD-e PWA can help organizations streamline their operations and increase efficiency, regardless of their size or industry.

Moreover, if you are looking for more features to be added to the mobile ERP software solution, it can be customized by us. For a free demo of our application, call now on 052 640 3910.

Pharmaceutical production companies are highly regulated and operate in a dynamic and competitive market. To remain competitive and compliant, these companies need to manage their production processes efficiently and effectively. One way to achieve this is by implementing a customized ERP solution. However, ERP implementation can be a challenging and complex process that requires careful planning and execution. In this blog, we will explore some of the most common challenges of ERP implementation for pharmaceutical Industry and suggest solutions to overcome them.

Challenge #1: Process complexity

Pharmaceutical production involves numerous processes, from research and development to manufacturing and distribution. These processes are highly regulated, and any deviation from the standard operating procedures can have severe consequences. Implementing an ERP system that can manage these processes can be a complex and challenging task.

Solution: To address this challenge, it is essential to identify all the processes involved in pharmaceutical production and their dependencies. Develop a comprehensive process map that includes all process steps, data inputs and outputs, and process owners. Use this map to identify areas of improvement and develop a customized ERP system that can manage these processes efficiently. Also, involve process owners and subject matter experts in the ERP implementation process to ensure that the system meets their specific needs.

Challenge #2: Data management

Pharmaceutical production involves vast amounts of data, including product specifications, batch records, manufacturing instructions, and quality control data. This data needs to be managed efficiently to ensure that products meet regulatory requirements and quality standards.

Solution: To address this challenge, it is essential to establish a data management plan that includes data governance, data quality, and data security policies. Ensure that data is stored in a centralized location and that there are clear protocols for data entry, validation, and maintenance. Use data analytics tools to identify and resolve data issues and ensure that the ERP system integrates with other systems.

Challenge #3: Regulatory compliance

Pharmaceutical production companies must comply with numerous regulations, including Good Manufacturing Practices (GMP), Good Laboratory Practices (GLP), and others. The ERP system must support these requirements, ensuring that all processes and data meet regulatory standards.

Solution: To overcome this challenge, it is essential to select an ERP system that is designed specifically for the pharmaceutical industry and that supports compliance with regulatory requirements. Ensure that the system has features such as audit trails, electronic signatures, and document control that comply with GxP regulations. Also, ensure that the ERP vendor has experience working with pharmaceutical production companies and has a thorough understanding of the regulatory landscape.

Challenge #4: Quality control

Pharmaceutical production companies need to ensure that their products meet quality standards and specifications. This requires robust quality control processes and systems.

Solution: To address this challenge, it is essential to develop a quality control plan that includes all the necessary tests, inspections, and audits. Use the ERP system to manage quality control data and ensure that the system integrates with other quality control systems, such as LIMS and QMS. Also, use the ERP system to track product quality and identify areas of improvement.

Challenge #5: Change management

Implementing an ERP system can cause significant changes to processes, workflows, and organizational structure. This can cause resistance and confusion among employees who may not understand the benefits of the new system.

Solution: To address this challenge, it is essential to provide comprehensive training and change management support. Develop a training plan that includes both classroom and hands-on training, and provide ongoing support to ensure that employees are comfortable using the system. Communicate the benefits of the new system and involve employees in the implementation process, encouraging them to provide feedback and suggestions.

FactsERP can be very helpful in pharmaceutical production. FactsERP provides a centralized platform for managing various aspects of production, including inventory management, quality control, and regulatory compliance. By using FactsERP, pharmaceutical companies can streamline their production processes, reduce errors and waste, and increase overall efficiency. The system can also provide real-time data and analytics, allowing for better decision-making and faster response times to changes in the production process. Overall, FactsERP can help pharmaceutical companies improve their productivity, reduce costs, and ensure compliance with industry regulations.

Enterprise Resource Planning (ERP) systems have become a critical tool for businesses of all sizes to manage their operations efficiently. Over the past few years, we have seen several trends emerging in the ERP space, and many of these trends are likely to continue to accelerate throughout 2023. In this blog post, we will discuss some key ERP trends we expect to see in 2023.

Cloud-Based ERP Solutions

Cloud-based ERP solutions have been gaining popularity over the past few years, and this trend is expected to continue in 2023. The cloud-based ERP system offers several benefits, including increased scalability, flexibility, and accessibility.

With a cloud-based ERP solution, businesses can easily scale their operations up or down based on their needs, and access the system from anywhere with an internet connection. Additionally, cloud-based ERP solutions are typically more cost-effective than on-premise solutions.

Artificial Intelligence and Machine Learning

Artificial intelligence (AI) and machine learning (ML) are expected to play a significant role in ERP systems in 2023. AI and ML can be used to automate many of the manual processes involved in ERP systems, including data entry, data analysis, and reporting.

Additionally, AI and ML can help businesses make more informed decisions by analyzing data and providing insights into trends and patterns.

Increased Integration with Other Systems

ERP systems are no longer standalone solutions. In 2023, we expect to see increased integration between ERP systems and other business applications, such as customer relationship management (CRM) systems, supply chain management (SCM) systems, and human resources (HR) systems.

This integration will enable businesses to streamline their operations and improve efficiency by eliminating the need to manually transfer data between systems.

The Internet of Things (IoT)

The Internet of Things (IoT) is a technology that connects devices and sensors to the internet, enabling them to share data and communicate with each other. When integrated with ERP systems, IoT can provide businesses with real-time visibility into their operations, enabling them to make more informed decisions.

For example, IoT sensors can be used to track inventory levels and automatically trigger reorder requests when supplies are running low.

Additionally, IoT can be used to monitor equipment performance and identify maintenance issues before they cause downtime. By leveraging IoT in their ERP systems, businesses can improve efficiency, reduce costs, and enhance the overall customer experience.

Mobile-Friendly ERP Solutions

As more businesses adopt mobile technology, ERP systems are expected to become more mobile-friendly in 2023. This trend will enable employees to access ERP systems from their mobile devices, allowing them to work remotely or on the go.

Additionally, mobile-friendly ERP solutions can help businesses improve productivity by enabling employees to access the system whenever and wherever they need it.

Two-tier ERP

Two-tier ERP is a strategy that involves the implementation of two separate ERP systems to manage different parts of the business. The first tier is typically a larger, centralized ERP system that manages core business functions such as finance, human resources, and supply chain management. The second tier is a smaller, more specialized ERP system implemented at the business unit or subsidiary level to manage specific processes unique to that unit or location.

The benefits of a two-tier ERP strategy include increased flexibility, greater agility, and reduced complexity. By allowing each business unit to have its own ERP system, companies can customize their operations to meet the specific needs of each unit, while still maintaining centralized control over core business functions.

Additionally, a two-tier ERP strategy can reduce costs and improve efficiency by eliminating the need to customize the centralized ERP system to meet the unique needs of each business unit.

ERP in a Post-pandemic World

ERP systems have proven to be critical tools for businesses to manage their operations efficiently during the COVID-19 pandemic. In a post-pandemic world, we can expect ERP systems to evolve to meet the changing needs of businesses.

The pandemic has highlighted the importance of resilience and agility in supply chain management, and ERP systems will need to be more flexible and adaptable to respond to changing conditions. Additionally, the adoption of cloud-based ERP systems is likely to accelerate, as businesses look for ways to enable remote work and improve collaboration.

Overall, ERP systems will play an even more critical role in helping businesses to navigate the uncertainties and challenges of a post-pandemic world.

Increased Focus on Data Security

Businesses of all sizes are concerned about data security. In 2023, we expect to see an increased focus on data security in ERP systems. This trend will involve the implementation of stronger security measures, such as multi-factor authentication, data encryption, and regular security audits.

Additionally, businesses will need to ensure that their ERP systems comply with relevant data privacy regulations, such as the General Data Protection Regulation (GDPR) in the European Union.

In conclusion, ERP systems are becoming increasingly important for businesses to manage their operations efficiently. In 2023, we expect to see several trends emerging in the ERP space, including cloud-based solutions, AI and ML, increased integration with other systems, mobile-friendly solutions, and increased focus on data security. Businesses that stay ahead of these trends will be better positioned to succeed in the increasingly competitive business environment.

In today’s globalized economy, companies in many industries find themselves competing against each other. This is especially true for companies in the textile industry, where competitive products and services can mean the difference between success and failure. In order to stay competitive, many textile companies are looking to ERP software. ERP software can help companies increase productivity, manage inventory, and lower costs while delivering a better customer experience. Learn how ERP software can benefit the textile manufacturing industry and what the future holds for this rapidly growing industry.

1. What is ERP software?

ERP software is a software system that helps businesses automate their operations and run more efficiently. ERP software has become the backbone of business operations and is often used in the textile manufacturing industry. ERP software helps the textile industry by allowing businesses to track their inventory and orders, manage production, and manage production scheduling. ERP software also helps textile businesses by providing them with standardization, which helps with quality control and the ability to manage their inventory and production. ERP software is an important tool that helps businesses become more efficient and helps them grow.

2. How does ERP software benefit the textile manufacturing industry?

ERP software is a set of software applications that work together to manage the manufacturing process from start to finish. These software applications are in place to help a company run more efficiently and effectively. By automating the manufacturing process, ERP software can help a company save money, reduce errors, and increase productivity. ERP software has different benefits for the textile manufacturing industry. For example, ERP software helps a company manage their inventory better. This makes it easier for the company to track their products and avoid stock outs. ERP software also helps a company to manage their production better. This allows a company to produce more products with less employees and at a lower cost. Furthermore, ERP software helps a company to manage their scheduling better. This allows a company to keep track of their employees and know when they are working and when they are off. It also allows the company to change their production schedule quickly and manage their workforce more efficiently.

3. How does ERP software benefit the textile manufacturing industry in the future?

ERP software can help to reduce the time and cost of production by streamlining the entire production process. ERP software can also be used to help with inventory management, which can help save time and money by ensuring that the right materials are always available. ERP software can help to update the company’s data and product information, which allows for more accurate forecasting. ERP software allows for the company to be more flexible, which can help to reduce downtime and increase production. ERP software can help to reduce mistakes, which can save time, money, and resources.

4. Conclusion.

ERP software has many benefits for the textile manufacturing industry. ERP software can help companies maximize their production by giving them the ability to track and manage their inventory, employees, and finances. ERP software also allows companies to make more money by increasing productivity, reducing errors, and developing new products. ERP software can also help companies maintain their competitiveness in the market. ERP software also helps textile companies by helping them reduce their costs, lead to more efficient decisions, and reduce their carbon footprint.

For manufacturers and distributors, controlling your inventory is crucial. Today, technology has been built in such a way to make human life easy and error-free. Here we are introducing how the barcoding system will be useful in industries like Manufacturing / Trading with a real-time or near real-time view by integrating this technology directly with enterprise resource planning (ERP) systems.

An ERP software is a must for most sectors. Most ERPs today, have in-built capabilities of integrating with third-party applications.  Bar code applications such as Zebra, Bartender, Wasp, and even native applications can be easily integrated with an ERP System.

Integrating barcode with ERP Software is a proven solution where the storekeeper or the warehouse manager will come to know easily at all times what you have on hand and exactly where to find it. You can avoid unnecessary purchases by knowing the item trend what is selling and what’s not, what needs to be ordered, and how soon. During the inventory level, workers are delegated with better, faster data and can do their jobs in a more productive manner.

We’ve identified some reasons to implement barcode with ERP systems.

• Better Inventory Visibility

Many sectors are still dependent on manual data collection processes for operating inventory. Warehouse management is often connected with tedious and error-prone activities.

The advanced way to optimize warehouse processes is to implement the ERP System integrating with the barcode where the workers will get the real-time item stock management, level of goods, allocated location, and help you control expenses.

• Improved Accuracy

Using the barcode system, accurate data will be generated which makes sense for your business and is much easier than handwriting the information, entering hundreds of item descriptions and related data physically onto a spreadsheet. Errors often result in overstocking, dislocation of the items, and delay in shipments. Manual entry can affect your business-standard.

In the ERP System, the scanned item details will be fed automatically after the scan, can easily recognize the lot number / batch number / serial number-wise, and can avoid. Also can be customized industry-wise.

• Minimize cost

An ERP and barcode integration provides huge cost-effectiveness by providing automatic product identification, making workers more productive and efficient. Even a barcode can scan all the details automatically and will affect the real-time inventory which will immediately available to the ERP solution saves administrative labor as well, as staffs are no longer required to keep on entering from the manually generated reports.

Companies can optimize or reduce stock with a better view of inventory. A barcode solution integrated with an ERP system enables the company to make a better decision or gets a clear picture of the inventory management that isn’t possible using manual methods.

Benefits of Barcode Capable ERP

• Inventory Management and Traceability
• Speed of Operations & Efficiency
• Mobility and Time Management
• Reduce costs of hiring warehouse staff
• Error less Inventory
• More Informed Employees
• Improved Customer Satisfaction

To know more information or for a Quick DEMO of Facts ERP, call now on 052 640 3910.

The biggest question businesses face while choosing an ERP software is whether to choose a Customizable ERP software or standard ERP. Although a standard ERP system will work well for a small business, however, for a growing business with dynamic business processes, opting for a customizable ERP makes more sense. 

There is a famous saying, “if you have a hammer, all the problems look like nails”. This is how it works with standard ERP software, where the solution is the same for all business challenges. However, the customizable ERP software is like an army knife which has a different solution for every business challenge. Although standard ERPs also can be customized, there is a limitation to the level of customization. 

Factors to consider while choosing an ERP software:

Business Process: Usually ERP software have standard business processes for each business function. In case if your company is having a unique business process and is different from the standard process, then there will be GAP in the process-flow. This is where a customizable ERP can help in customizing the ERP software as per the process requirement. 

Industry: Currently ERP solutions are available for most of the industries. However, if your business is operating in a fairly new and upcoming industry, then you may opt for a customizable ERP software. This will help in standarding your business processes and can be easily scaled with your business. 

Integration: With the digitalization, businesses are using omni channel strategies to run their business. If your business is looking for integration with eCommerce or payment integrators or fulfillment partners for example, then you should carefully choose the ERP. In case of standard ERPs, there could be some limitations in integration which is not the case with customizable ERP.

Cost: Although the initial cost could be higher for a customized software, it is worth it in the long run as the total cost of ownership will be less. In the case of a standard ERP system, you might be paying for the features or functions which you won’t be using at all. Whereas, in customizable ERP, you can choose the modules or functions you would be using resulting in cost saving.

To know more information or for a Quick DEMO of Facts ERP, call now on 052 640 3910.