Sunday, 22 July 2018

what is the type of ERP facilities which are trending ?

Today is the era of artificial intelligence (AI). In ERP sector,  it has changed the complete working scenario in a very low period time wherever ERP industry is still passing through its inception time.
Today AI enabled ERP systems bring reduction in operational cost, increase operational efficiency and minimize human errors. A perfectly optimized ERP software leaves the employees for more productive tasks and saves time.
Today while adopting to AI concept, it is as well necessary to develop the ERP software with open source customization facilities. An easy customizable ERP software can easily be integrated to the other apps in a company. They have no licensing fee issues as well.
ERP business trends always welcome to the open source programming framework like - Hadoop and PHP which connects easily with real big data analytics to the businesses. Today cloud ERP software trends have enabled the ERP systems to handle data with big data handling issues.

It can upgrade the overall structure of the organization to maintain and upgrade the business information architecture. Big memory computing facilities will be the future of ERP software trends and give an ultimate edge to company over its competitors.
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Friday, 20 July 2018

What type of cloud ERP software is required for the today's technological era ?

In today’s era all the business entrepreneurs are moving towards the SAAS and cloud based ERP software, which are updated and configured on the base of customer requirements. It enables their systems to grow to the new areas around the globe.
The less frustration and more innovative ERP systems are now necessarily for not only the big businesses and big brands, but also for the MSME enterprises (medium and small scale). To choose the right SAAS ERP software whether for the school, college or university, it is necessary for the technology partner to understand about the factors necessary for getting successful in DX economics.
There are following characteristics necessary for today’s cloud ERP software -
  • more cognitive and intelligent machine learning
  • deep learning protocols
  • natural language processing
  • advanced analytics capabilities
  • understand native and interactive UI to uncover insights
Speed is the most important factor in DX economy which can increase the overall market share, revenue potential and profitability score. It is necessary for today’s companies to understand the strategic direction and innovation capabilities of a current ERP software which can lead them to the future.

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Thursday, 19 July 2018

What is the role of government for women and sanctioned classes of handicrafts ?

A women empowerment plan is always necessary in India in about every sector. In handicraft industry, almost 23 crore implementation plan was allocated for the scheduled caste sub plan in which approximately 10 crore rupees have been invested on the fiscal year 2017-18. Approximately 30 crore rupees have been implemented on the welfare of tribal areas.
The implementation project has been implemented successfully in the following states like - Maharashtra, Jammu & Kashmir, Madhya Pradesh, Bihar, Telangana, Andhra Pradesh, Uttrakhand & Tamil Nadu. The handicraft sector is operated mostly by SC/ST and tribal caste people. Most of them are weavers and handlooms.
Approximately more than 45 lakh artisans are belonging to the scheduled castes and tribes. Government is providing the following type of financial support for the facilities like - modernization and upgradation of technology, input support, marketing support, publicity and exhibitions, infrastructural support, research and development etc.
There is programmes especially for women empowerment also implemented in handicraft industry because 70% workers of textile industry are women from India. They are directly or indirectly associated to the textile sector for their standard of living. There is more than 50% women attached to the wool and silk industry.

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Wednesday, 18 July 2018

What is the scope of ERP in industry 4.0 ?

There are 4th generation of industrial revolution which is in the progress. The industrial revolution was started in at the end of eighteenth century in which the machinery production was emphasized instead of manual work. The machinery production was progressed by water and steam.
In the second phase this mechanism was in trend and today’s industrial revolution is passing through in the IT infrastructure and dude ! today is 21st century where all the manufacturing process is going through the cyber physical systems.
Today’s complete process of production planning is connected through many entities like - finance, customer, sales, inventory, HR, shop floor execution and vendor management. The proper planning of production depends upon the proper integration of ERP software.
The concept of industry 4.0 has many characteristics like -
  • machinery to machinery communication
  • machinery to material communication
  • real time integration
  • proper integration facilities
role of ERP in support of industry 4.0 -
  • reducing lead time
  • reducing data processing time
  • producing cloud data management facilities
  • communicating raw material and processing equipment
  • integrating customers and suppliers   
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Tuesday, 17 July 2018

What is the scope of wooden industry in India ?

The wooden timber is always high scoring on all of the parameters - durability, climate resistance, availability and sustainability. Our Indian wood store is always needed to have good human supervision and management for its long time survival.
There is also needed to leave carbon footprint in the local and global environment to reduce global warming as well to fulfill the requirement for wood in kitchen needs. Wooden furniture is always helpful in radiating warmth in balance, adding natural beauty to your home.
There is a growing need of the wooden timber in fashion in next five years.  This industry is growing at the rate of 30% and there will be 2 million artists attached to the woodworking industry. The kitchen industry is worth of more than 3 million dollars. So the industry of wooden handicrafts will be at its peak.
There are many factors which can affect the wooden manufacturers - work expertise, production process complexities, shipping and delivery complexities, raw material, customer preferences and most important - innovating new designs in wooden handicraft items etc.
India has the biggest challenge to remove the need to import the wooden furniture from the major competitor countries like - Italy, China, Korea, Malaysia, Indonesia and Japan. There is needed to accelerate the growth of the Indian furniture trends and lifestyle.

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Monday, 16 July 2018

What are the new modules required for the ERP industry in manufacturing ?

module requirements -
supplier payment system - A cross-checking able payment supplying system is required for the proper use of resources, calculate the cost of material and price per product.
Barcode integration system - It is required for the at the time of shipping of material. Proper shipping of material is properly handled by recognizing its barcode.
Quality assurance system - It is the system and group of procedures that are required for matching the existing product quality standards with the ideal product quality standards.
Sales management module - It is required for the proper quotation generation, converting quotation into the sales order, handling customer databases, managing contact of partners and affiliates etc.
Purchase management modules - It is required for managing the data of suppliers, creating partner and product categories, creating email templates, reception analysis etc.

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Saturday, 14 July 2018

What is the new challenges in front of the ERP vendors in 2018 ?

2018 is the year of the cloud technology which can transform the ways of people for doing the businesses. Customers are expecting to get more benefits from the analytics capabilities of a cloud ERP software.
Today ERP vendors should have the visibility control on the ERP software and they should have the control on the complete project life cycle phases, so that it can be understood that where the project is going risky or over budgeted.
To develop artificial intelligence in the organization, companies should adopt the strategy of feedback loop so that after learning from the mistakes, incremental changes can be performed easily. It helps in cutting the financial and accounting costs.
Some big ERP vendors also develop the applications and advanced analytics But it is applicable only in the specific business areas. Most businesses are not even ready to invest in this sector. So it can be said that the business future of these big ERP vendors is in danger.
In big businesses, there is a CPM system (corporate performance management system) to manage the complex ledgers and accounting systems so ERP vendors have the need to develop these CPM systems to remove the accounting complexities.   

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Friday, 13 July 2018

What are the new artisan initiatives in 2018 India ?

What are the new initiatives for artisans in India ?

  • In 2016, Indian Government identified more than 20 lakh handicraft artisans and they issued these cards to the artisans. All type of union and state territories are connected to this initiative.
  • For income stability and enhancement of the artisans, Indian Government identified the 20 necessary handicraft clusters. In addition to this, handicraft commissioner have also signed the MOU with the Punjab National Bank to provide the Mudr Loan.
  • Pushtaini hunar vikas yojana was implemented in 2017 to provide training about carpet weaving to the handicraft artisans.
  • In NCR region, Indian Government has issued 100 industrial garment machines to each Garment factory and they have also issued 18 crores to each of the center to provide more than 1000 direct employment for the artisans.
  • Up to december 2017, the export of about 25000 crore INR was performed and more than 200 crore rupees were invested on the promotion of export initiatives because of this is direct source of handicrafts. Hope you have liked this post ! Thanks for reading the post !  
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Wednesday, 11 July 2018

What are the ERP recommendations in 2018 ?

The ERP industry is still passing through its inception era. Today the biggest problem in this segment is this that the ERP vendors can have the best products in front of the customers but it is dependent on the overall B2B consumers that they should adopt it or not. To try new technologies customers have to be risk-averse.
It is the consideration of the Nucleus research center, that the 2018 is the year of the value based cloud ERP ( enterprise resource planning ) technology. The main aim will be on the departments in a manufacturing industry like - Finance, Accounting, Inventory management. The cloud ERP software will be based upon the proper analytics based approach.
In 2017, the ERP vendors were in the search of the ERP customers, which were willing for the customised application to fulfill their special requirements. Today the 20% of the customers are not satisfied of the performance of their existing ERP software applications.
Cloud ERP software vendors have the need of developing the applications which are flexible to the customers. It is the consideration of the nucleus research center that the ERP vendors have the need to work on their applications to make it more value delivering.
2018 is the year that will be a stepping stone in the path for the customers who are willing to change their way to operate their business cycles. By getting the ability of the cloud ERP software customers will be completely able to get the proper data for review and monitor their business performance.

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Tuesday, 10 July 2018

What is the contribution of jute in handicraft operations ?

Jute is one of the significant raw material for the Indian Textile industry not only from today but from the ancient time. Today more than 3 million workers are associated from this ancient production line of Jute products. The Indian Government has provided a provision to provide 6000 crore INR.
There is a software platform introduced named Jute-SMART which is established from 1 november 2016. From this software, approximately 67% of Jute bags are being processed from the software. This can be considered as a E-governance framework where multiple stakeholders are available on the same platform to administrate the multiple transactions.
There is an effort implemented by the Government that the additional employment opportunities are provided to the additional 4 lakh people and in between the 1 lakh people will be task forced in to the company.
In the scheme for 10th five year plan, it is planned that the 40 crore rupees will be implemented for the development of the common infrastructure facilities and other manufacturing facilities. There are fully operational 6 textile parks established, in which the more than five thousand manufacturing units are planned to be established and more than 3 lakh persons are to be established as a planned taskforce.     
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Monday, 9 July 2018

What is the new emerging trends of the Indian Handicraft industry in 2017?

The Indian textile industry is involved as the most significant industry in Indian Economics. Indian textile industry is considered important from the both point of views - handwoven mills and handloom sector of textiles. India is the second largest mill of textiles and its capacity is more than 8 lakh rotators.
The Government is doing more efforts for the export promotion in the handicraft industry like -
  • Government is implementing the employee provident fund in which 3.5%  contribution will be done by the employer for the new workmen in the mill. It will be applicable to on the workmen whose monthly income is less than 15000.
  • For the seasonal textile industry, the newly fixed garment sector will be opened for craftsmen and the new employment and wage rates will be implemented by the Government.
  • Additional incentives will be implemented, and the 15-20% employment rate is determined to welcome  to all the newcomers in the handicraft and textile sector.
  • Government also organizes the handicraft and textile events at yearly basis. Like in 2017, the handicraft fair was organized in Gandhinagar of Gujarat to showcase the India’s incredible handicraft and textile series. The event was a huge success in which more than the representatives of 100 big world companies participated.
  • There is an MSP determined for the cotton industry which is a basic raw material for the handicrafts and India is the top cotton producer in the world which is a boon for the textile industry of India.   

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Sunday, 8 July 2018

Why you should not use the SAP R/3 version ?

Today the ERP systems have been feeling growth in the usage in the MNC employees but soon after adopting of the ERP systems, there is a new need of the customised packages instead of the basic modularised ERP packages. The centralised market of the ERP is found more than 85% in western countries so there is a great scope of ERP there.
Today there is a new trend of the ERP definitions which changes due to the analysts and philosophers time to time. The annual growth rate of the ERP sector is measured approximately 20% per year. Till 1998, the annual market worth of the ERP market is approximately 10 billion dollars.
There is a lack of competent people in ERP industry who are well versed in it. ERP vendors are affected in high quantity. One company that is rocking the world is SAP. This german vendor have occupied more than 30% of the market. The other one competing companies are  Oracle, Peoplesoft, baan, SSA, JBA etc but they are far behind than SAP.
Many large organizations have adopted the ERP systems, especially the R/3 version of the SAP. But the SAP is needed to develop the cheaper and small modularised systems because the R/3 version of SAP is very difficult in implementation and cost so SAP partners have to take the immediate actions in reducing its software implementation time.

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Friday, 6 July 2018

Why export companies should adopt the ERP software ?

There are many challenges which are needed to understand the value of ERP software in an export agency.
reasons -
  • errors in data entry of system
  • costly manual efforts
  • complex outbound logistics
  • slow fulfilling of shipment orders based on size and distance
  • small scale level inefficiencies can affect the better productivity
  • correct changing the accurate cost of the shipment
There is needed for an ERP to remove this type of challenges and problems of removing the overheads.
solutions -
  • streamlining the order and shipment process
  • make ordering of pickups and labels
  • generate efficiencies in the reducing of processing time
  • effectively managing the shipment rates
  • manage multiple rates in a single order
  • making use of ERP algorithms to calculate the least shipment cost
Export and warehousing companies are needed to inhale the ERP software in themselves and they also need to reduce the manual interruption, interference, efforts. The company automating for the ERP software gets more efficient with time which is necessary for the scaling of your company.  
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