Back to Basics: ERP for Inventory Management
Attention manufacturers!!! If you’re not cautious in managing inventory, it may cost you time, money, and perhaps your business. Poor inventory management can be a secret profit killer in your manufacturing business. However, inventory management software can be a savior and help you in minimizing this situation enormously. Table of Content Overview Do you know that inventory, […]
Back to Basics: ERP for Formulation Management
A formula/recipe is a set of instructions to combine ingredients or raw materials in a certain ratio with the help of machines and labour. For process manufacturing, a formula specification is expected to produce one or more finished products in bulk quantities. A formula/recipe is the holy grail of process manufacturing. A business can’t be run […]
What is Lot Traceability in Manufacturing?
Overview- The existence of manufacturing can be traced back into 18th Century. The initial period marked the use of hand tools and labor to execute manufacturing processes. This needed manual strength & an extended period to complete production. But an ardent desire for innovation brought about new ways toward industrialization. With the industrial revolution, mechanization started taking […]
Difference between Generic ERP & Industry Specific ERP Solution
Intelligence comes from information. Information comes from data. And data comes from ERP. So if we belive in the A equals B equals C equation, it can immediately be deduced that data from ERP systems can directly translate into business intelligence. As the name suggests, Enterprise Resource Planning or ERP can help enterprises manage their […]
How can ERP Software help Indian MSMEs?
Enterprise Resource Planning software, or simply the ERP software, as we know, is an integrated business management tool that’s designed to manage and automate several complex business processes related to sales, purchase, inventory, finance, production, quality, compliance, customer support, etc. There are many established ERP providers out there that offer cutting-edge ERP software solutions to […]