Enterprise Resource Planing(ERP) Benefits and Solutions

PCBizness Technosoft Pvt. Ltd.

A true Enterprise Resource Planning (ERP) system integrates both internal and external information flows used by the organization within a single, comprehensive solution. An ERP solution incorporates the practical systems used by organizations to manage the basic commercial functions of their business, such as: planning, inventory/materials management, purchasing, manufacturing, finance, accounting, human resources, marketing and sales, services etc. The objective of the ERP solution is to drive the flow of information between all internal business functions while managing connections, or "touchpoints," to outside stakeholders.
ERP solutions run on a variety of computer hardware and network configurations, including "on premises" (i.e. client/server) or hosted (i.e. "cloud-based" or Software as a Service).
Regardless of the configuration, typically ERP solutions use a common database to hold information from the various business functions that's accessible in some form or another by various users. The use of an integrated database to manage the solution's multi-module application framework within a common information system is one of the primary ERP benefits of this kind of system over "point solutions."
Unlike point solutions (historically used by small to midsize businesses) that rely on multiple (sometimes duplicating) databases which strain IT resources, ERP solutions standardize the use of one application to run an entire business. This not only increases efficiencies, but also decreases the overall total cost of ownership (TCO), thereby reducing operational costs and improving the company's profitability.

Scalability: An ERP system is easily scalable. That means adding new functionality to the system as the business needs change is easy. This could mean easy management of new processes, departments, and more.

Improved reporting: Much of the inefficiency in operational work stems from improper reporting. With an ERP system, this possibility is eliminated as reporting follows an automated template system, allowing various departments to access informat

ion seamlessly.

Data quality: As compared with manual record-keeping or other traditional approaches, an ERP system improves data quality by improving the underlying processes. As a result, better business decisions can be reached.

Lower cost of operations: An ERP system introduces fundamental innovations in managing resources, which eliminates delays and thus reduces cost of operations. For instance, use of mobility allows real-time collection of data, which is indispensable to lowering costs.

Better CRM: A direct benefit of using a good ERP system is improved customer relations as a result of better business processes.

Business analytics: Having high-quality data allows businesses to use the power of intelligent analytics tools to arrive at better business decisions. In fact, many good ERP systems have built-in analytics functionality to allow easier data analysis.

Improved data access: Controlling data access properly is always a challenge in organizations. With an ERP system, this challenge is overcome with the use of advanced user management and access control.

Better supply chain: Having the right ERP system in place means improved procurement, inventory, demand forecasting, etc., essentially improving the entire supply chain and making it more responsive.

Regulatory compliance: Having the system in control means organizations can better comply with regulations. Further, the most important and recurring regulatory requirements can be built right into the system.

Reduced complexity: Perhaps the most elegant argument in the favor of ERP systems is that they reduce the complexity of a business and introduce a neatly designed system of workflows. This makes the entire human resource chain more efficient.

There are many more benefits of an ERP system, but these are the chief ones. Needless to say, a good ERP system is indispensable in the modern economic scenario.

Additional ERP Benefits:

Tighter controls for financial compliance declaration (e.g. Sarbanes-Oxley and Basel II) as well as other forms of compliance reporting.
The single data source for product and services information - such as information related to suppliers, vendors, customer orders and the products themselves - drive rapid product development and launch cycles which increases a company's overall market share.
Increased access to valuable corporate data delivers a clear, global view of the business that drives continuous improvement strategies and establishes common performance metrics and measures to gauge the health of the business.
Effectively managing projects holistically fosters decision making at critical levels in the development and/or manufacturing process.
Support for streamlined sourcing and procurement processes drive alignment to customer demands, and also deliver a centralized buying model to reduce unauthorized and unnecessary expenses.
Providing sales and operations planning with access to critical information fosters "closed loop" processes that ensures the business does not overpromise and/or underdeliver to customers.
Automating business processes such as invoicing and sales and purchase orders within one systems improves forecasting accuracy and reduces inefficiencies.
Using a single base of information for billing and other customer interactions improves service levels and increases customer retention.

Reaping ERP Benefits: Implementing the Right Solution

ERP solutions are continually refined and updated. With the myriad of different systems that are available today, it's critical for organizations who are considering an ERP system for the first time or migrating to an alternative ERP solution to partner with a company that first assesses their needs and helps them identify the system that will support their business objectives. Equally, if not most important, is to work with a company that defines and integrates an ERP solution that seamlessly supports their business processes.
Since ERP solutions are the operational backbone of a growing or established organization, it's necessary to partner with a company that understands your business, can improve the quality and efficiency of your organization, and delivers a solution that will ultimately save time and expense.  

Vertical Solutions: Retail Supplier Solutions (RSS)

Green Beacon’s “Retail Supplier Solutions” module makes Microsoft Dynamics® AX the premiere ERP solution catered specifically to Retail Suppliers.

RSS enables your company to streamline the supplier-retailer relationship with the use of one seamless platform — all powered by Microsoft Dynamics® AX.

Making use of Big Data, our program planning and execution enhancement system provides the ideal launchpad for harnessing customer centric capabilities with efficient automation processes and optimization.

As a Microsoft Dynamics® Gold Certified Partner, we provide a fully integrated set of tools such as shelf-aware, pre-season and in-season demand planning, data visualization, supply chain execution and remittance management.

Retailers are asking for more from suppliers, Green Beacon is providing the tools to meet and exceed those demands.