Data archiving is done in order to free up space by storing unused but important data elsewhere. Usually, older data that isn’t frequently used is stored in cloud storage systems that are affordable and accessible. ERP takes this one step ahead by identifying the kind of data that needs to be archived and keeping only…
Enterprise resource planning or ERP software is a crucial automated solution for businesses that can manage inventory, production and also order management. The system is all about the allocation of resources from a comprehensive database in-built with analytics. The supporting applications make it easy for the business to track information across department verticals. Erp for…
Good internal communication is the hallmark of every successful business. An organization that knows how to facilitate communication between different team members and employees will have solved half its problems. As we all know, miscommunication or a lack of communication are the reasons why most projects fall behind their expectations. While ERP does a lot…
Every organization engages in initiatives to improve performance, address key issues and grab opportunities to make modifications to processes, organization structure, or job roles. To do it efficiently, in a business, every employee needs to adopt and embrace changes, without which the initiative would not deliver expected results. Hence, change management is a vital element…
Studies show that manufacturers usually have an ERP in place for their day to day business operations. However, they do not make optimum utilization of their ERP. They may use not for billing, tracking equipment and managing inventory. However, an ERP can do a lot more than just that. While most ERP installations take place…
While most businesses may already have ERP implemented, they probably don’t consider ways to make ERP smarter. To make ERP smarter, it needs to re-integrate with smart technologies such as artificial intelligence, blockchain, etc. Most ERP vendors usually offer solutions that are geared towards automating day-to-day enterprise operations but fail to address the need for…
Recent surveys show that most companies purchased their ERPs many years ago, and a majority of these ERP users have not upgraded to the latest versions of their tools. What’s more, these businesses continue to use ERP solutions that have not been updated with newer features and integrations. Consequently, businesses do not see the results…
The hierarchy of every company puts particular emphasis on the phenomenon of business forecasting. It is an essential aspect of business stratification where numbers are assumed based on the current and past performance records of business and then planning is carried out for the times ahead. All business forecasting whether it is of sales, growth,…