Why the Indian textile market have possibilities of growth ?

India is the second most populated country in the world and has 5% market share in the export market of handicrafts. Still the smaller countries have also a 4 - 5% rate of market share in their growth sector, so there is still indication that India has a wider scope of the growth in revenue potential in the textile market.  

There are following drivers of growth in International Market of handicrafts -

Demographic Demand -

India is a populated and inhabited country of more than 1 billion people and approximately of them is the population of young people with different mindsets. and they are eager more to earn money at a very fast pace and how much their spending power will increase, their spending power will also increase. The handicraft and textile market will not be deprived from this situation.

Ambition oriented purchasing power -

Gone are the days, when people had to spend the money for merely needs. But with the increasing power of purchasing, the people are getting more and more ambitious. In the metro cities of the worldwide people are willing to more spend because their purchasing power is increasing.

Increasing urbanization -

Today people are moving from rural areas to urban areas in the need of better employment. Later on the power of money is definitely coming in the hands of people and their demand patterns are changing.

Growth in online retail sales -

Since the revolution of the internet, the online retailing is coming in to its existence. From 2015, the apparel market is increasing at more speed.  Its worth is more than 1 billion dollar. Still people are hesitating to adopt online market in spite of the online scams.

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Why Nestle implemented the ERP software in itself ?

Nestle SA is the candy making company and it is headquartered in Switzerland. Currently it has employed more than 2 lakh employees and currently its product is going through the 80 countries of this world. In 2000 Nestle SA decided to incorporate ERP software in its premises because of the leveraging purposes of its employees. This aspiring project was cost values at 80 million dollars.

How did the ERP was needed in the Nestle SA company ? -

Nestle SA decided to implement the ERP software of SAP in 2003.Before this in Britain Branch of company had already implemented the ERP software of SAP. In 2003 the SAP ERP was implemented in five modules - purchase, financials, sales and distribution, accounts payables and receivables. The following motives were there to fulfill their motive -

Nestle wanted to act as one company instead of multiple brands.

• To monitor the cost of vanilla products.
• To control the operations data in a integrated system.
• To make flexible to forecasting data, accounting transaction information.
• Company wanted to come out from the competitive disadvantage.
• To get the real time monitoring data.

In the implementation of ERP project, there were 50 top executives and 10 senior IT professionals were included to set the best achievable goals. They decided to implement the proper data structure in the company and it was necessary to include the workforce commitment in implementing the ERP software.

The implementation phase of ERP software was started in April 2001 and it was completed after 2 years in the first quarter of 2003. There was a contract of 200 million dollars for the implementation of ERP software in Nestle company.

Benefits -

• A saving to 325 million dollars
• Improvements in supply chain improvements
• Common databases and business processes led to the proper demand forecasting
• Company has more control on the inventory and reduced the cost.
• Simplified training procedures and operating to employees.

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Why is ERP important for any business ?

In today’s competitive era, for all the companies whether it may be MNCs or small sector businesses, it is very essential to remove their operating cost and earning more revenue. It is also necessary for them to make strategic decisions for optimum use of resources in this competitive scenario. ERP software pays a beautiful role in it.

A company can have different applications to manage  the different operations like -

• accounting and finance
• HR and administration
• production and manufacturing
• distribution, selling and marketing
• IT and consulting

The use of these separate applications to perform the multiple tasks creates difficulties. The biggest difficulty occurs when the data from multiple systems is extracted and the final audit report is mandatory to be made. It takes much manual effort, time and efforts.

ERP solutions become so effective to remove complexity because it creates the more integrated platform to connect these applications and the data extraction, analysis and reporting becomes less obsolete and complex. One more benefit is also there that the complete or approximate process becomes automated and it completes the processes more efficiently.

Today many people think especially related to small and medium sector enterprises that ERP software are very costly in price. Today to solve their problem there are many ERP vendors who provide their modules as per according to the requirements of people so that it becomes less costly.

Today there are many open source software development kits are available so because they provide the facility to add or remove the modules as per according to the requirements of customers.

One more vibrant issue is also there especially in the case of manufacturing and production companies that they have subsidiary branches in many of the countries and locations in a single country. So it becomes very difficult to communicate with each other and get the data. Sometimes it becomes very difficult for the employees to work who travel from one country to another or one place to another for work.

ERP software has solved this problem easily because from one single user friendly dashboard they can get all the data from one or many locations and can perform all the operations anywhere, anytime. Thus ERP software has also helped companies t manage multiple location business and provide more detailed report.

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Why is Korea important city in the field of handicrafts ?

Korean Handicrafts have a significant role in making contribution to the handicraft sector. Their products are a premium one to the market and have much artistic value. The unbelievable quality of the korean handicrafts is this that they don’t consider any difference in the crafts and handicraft because same skilled artisans make them.

There are many textile items which are famous in Korean market like -

• home decor products
• imitation jewelry
• furniture and handicrafts of wood
• metalware
• giftware

Today the online market segment has risen with the rise of technology and resources and today a long queue of e-commerce ventures is there in the market to penetrate it. In Korea there are also many women who are operating their  online stores in the street and country level.

Women pursue it as their primary or secondary income. Today the scope of gift ware accessories is also increasing. With this the home decor and furniture market is also increasing. Today the Korean government is also making efforts to promote their handicrafts and textile items and they are also organizing the exhibitions and fairs to promote the folk handicrafts in the local youth.

The local restaurants and hotels are also supporting the Government to promote the handicrafts items. The latest feature of the Korean Market is that people have also adopted this handicraft profession as a teaching profession and they are also opening the hobby classes. So a hobby market of this sector is also propagating which is also getting popular more than the commercial market.

many handicraft associations are making the connections to the local artisans and e-commerce ventures and they send them unfinished handicraft items to them for finishing. In addition to this there are many interruptions as well which are present in the market of Korea like -

• low quantity of manufacturers and distributors
• limited amount of market size
• lack of channels
• lack of technology and facilities
• unclear market definition and terms of trade

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How ERP was launched in to the DPS skier company ?

DPS is a trusted and well renowned dealing brand in skiers worldwide. They deal their products in the world’s five best continents. The company is very well renowned in introducing the carbon fibre sandwich skies. The products are shipped through the official website dpsskis.com worldwide. Why ERP is needed in DPS - When the company started it started with only a bookkeeper, later on they started with the quickbooks accounting software. After using it for 11 years, Company sales department realized that in the rapid growth time, it is not sufficient enough to use the quickbooks anymore and it was holding them back. There were also some problems in the order entry and data collection methodology. Although quickbooks was really going well and it collected all the company orders at one place but later on it did not help in fulfilling the demands. Again they started to work on the sellpad, an app of Microsoft Dynamics but after some initial growth it again proved as a unsufficient tool for the company. How was ERP implemented in the company - DPS decided to choose IQMS software because it had a feature of allocating and making orders at entry level of data and it allowed the sales personnel to watch the real time stock of the company with the branch location. Ths it is smooth, fast and more ergonomic and lead to proper customer satisfaction. Benefits of using IQMS software - All the inventory problems were solved. No need to integrate the order entry and other tasks Really smoothing out the order complete process Reduce the proper cycle time. Sales personnel can see the real time information of inventory Gain success in advance to save the real inventory Save up to 5 hours in a day of accounting Hope you have liked the post ! Thanks for reading the post ! URL - http://collegeerp11.iwopop.com/

Other reference links -

http://pdfsr.com/pdf/college-erp-4-.pdf

https://issuu.com/stepupshine/docs/college_erp__4_

http://www.slideboom.com/presentations/2052828/college-ERP

http://data.axmag.com/data/201803/20180312/U156502_F474777/HTML5/index.html

http://online.verypdf.com/u/public/api/20180312-064531-1741178976.pdf

https://app.box.com/file/282403525728

http://ge.tt/7FMCkxo2

http://www.articles.gappoo.com/2015-Article-Directory/what-are-reasons-behind-erp-implementation-lg-electronics

http://www.howto-tips.com/how-to-tips/money-saving-tips/why-erp-software-needed-lg-electronics

http://www.articles.mastercraftindia.com/Article-Site/what-need-erp-software-lg-electronics

How Indian Government is promoting the Indian handicrafts ?

India is a country of unity in diversity. Many international communities came here and started establishing here. There were pros and cons of this thing and it could also affect the economic scenario of the country also. Specially British played a significant role in changing the economic perspective of our India. Want to know how, let’s see -

Firstly Indian Handicrafts were completely ruined in colonial rule because British Government initialized the machinery goods and their importing in India filled the indian market with cheap handicraft products. cotton and other thread clothes were very first in this category.

The railway network inside the country allowed these clothes to cover the remote areas of India and the terms of trade were made absolutely free by the Government. It completely ruined the Indian handicrafts and Indian Craftsmen and weavers had to sell their handicraft products at the below price than market price.

Besides this the indian handicraft items had to pass from the tariffs and all the cotton material were exported to the britain and again Indian Handicrafters had to buy it at the higher prices so this also increased the price of the raw material. This is called de industrialization which affected the different sectors of the Indian Economy.

Now today the big question arises that what is the current governments are doing for the welfare of the handicraft sector after the 70 years of independence. Let’s understand -

• to organize the handicrafts fairs, exhibitions.
• to conduct buyer-seller meet in India and abroad
• to conduct seminars, presentations with the brand image promotion of Indian Handicrafts.
• To conduct awareness programs at domestic level.
• Displaying new handicraft designs and marketing by exporters
• To provide technological support to Indian wooden handicrafts
• To innovate new designs and patterns by businessmen.
• To establish new centres and institutes in different states to work for handicraft promotion
• providing new skill trading for carpet weaving
• providing financial assistance for improving the handicraft association condition
• To provide the loan facilities in MUDRA form to compete with machinery goods.
• To increase the export of carpet weaving
• To subsidise in the excise and custom duties

These are some listed suggestions which can be done by the Indian Government. But only the government side efforts are not suitable but individual efforts are needed too so then the progress will be possible in Indian Handicraft sector.

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Reference links -

http://articles.pubarticles.com/how-to-contribute-to-the-handicraft-companies-like-amazon-1520247757,1740551.html

http://www.articles.mybikaner.com/Free-Articles-Directory/how-amazon-india-contributing-handicraft-sector

http://www.herbaltricks.com/Articles/what-success-story-amazon-india

http://www.articles.studio9xb.com/Free-Article-Directory-Submission-Site-Articles/why-amazon-contributing-handicraft-companies-india

http://www.articles.kraftloft.com/Free-Articles-Directory/how-amazon-contributing-handicraft-companies-india

What are the types of console table ?

What is console table -

A console table is a narrow surfaced table with long legs, which is today the best choice for many of the home owners for its various capabilities and application areas. The biggest advantage of having the console table in the home is that you don’t have to worry about the cost because it is available in many of the cost and price variations.

In this post, we will try to understand the basic types of console tables which can be made at home also which are also known as “DIY console tables” with different framing options. This is of different types -

X-base frame -

It is the most utilisable console table in the whole world because of it can be made compatible with every frame set. To make this type of console table, a vertical type of wooden frame is cut into 4 different type of frames. These all frames are attached in to Y shape. After that the metal stain and other surface material is used to cover this console table.

Simple Industrial -     

The industrial type of interior design console table is becoming famous today in the homeowners. In it a wood is cut in to the different pieces to make a frame, four legs, lower shelf for this console table. This table is covered with the darker stain and brown colour to make it more industrial.

Sliding barn door -

This console table is made from the distressed or reclaimed wood. The main focal point of this console table is its sliding barn door. It provides some literal space to the console table to put some other material into it. It brings a rustic charm to the overall table and provide an aesthetic storage space to the home decor.

Cubby Storage -

By mixing six smaller wooden packs and frames, these type of console tables are fixed. These tables have the drawers in which the storage of documents can be done. This console table can be decorated with basket and other decorative accessories. The colour of the table can be any of any colour/ stain / paint.

Sawhorse base -

Sawhorses are a popular tool in construction and real estate industry. In it a base of two or three bases of frames are made. To connect them different screw boards are used to fix those frames. Once with a wood stain, your sawhorse console table will fit in to any industrial and rustic space.

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Indian Crafts is an online and offline handicraft companies in India, dealing company which deals online & offline in C table, wood cabinets, wooden cabinet with drawers, candle stand, wooden tray, console table, mirrors, solid wood furniture, wooden furniture online, handicraft furniture online etc. Company also have the expertise in exporting all of their products and services to the worldwide clients.