ERP business benefits

ERP solution helps to automate and supports a wide range of administrative and operational processes of the business across various industries. Choosing an ERP is like getting married and choosing the right one for you, if you choose the right one you will live happy and successful. If you are nervous in choosing an ERP it means you are on the right path and heading towards a beautiful life. But, if you choose the wrong ERP you will have to regret and may have to get a divorce that means you may have to choose another ERP so the choice of ERP must be with lots of care.

Planning is the foremost activity that should be done for implementing ERP. We can define ERP systems as systems which uses single, comprehensive database management system. Analyzing data and tool reporting are an important part of the ERP system. ERP helps to maintain the data in an organised manner. ERP also help one to make profit in his/ her business as ERP helps to streamline all the processes and make decisions in an efficient manner.

Planning is an important part before implementing and using ERP as planning is the first step to use Enterprise Resource Planning. ERP also analyze the ups and downs in the business and also enables you to take right decisions. In an industry which is using ERP is more profitable than the one which is not using ERP.

The ERP software helps you to have a clear hierarchical picture of the business organisation. Enterprise Resource Planning creates the complete structure of the organisation on a single screen. Software-as-a-Service (SaaS) service is an important feature of ERP. All the data is kept secure and online without the intervention of unknown intruder.

ERP business benefits

Real-time ERP

Enterprise Resource Planning helps to access real time data across various departments and provide easy accessibility and visibility to the data. One can make data-driven decisions and can manage the performance of the employees. If you are a startup and have a growing business then ERP helps to easily manage every aspect of the business. Huge enterprises use Internet of Things to connect physical devices with each other and helps to exchange data among them.

We are using one of the latest technologies and are growing with these technologies. With the help of OSM one can take the business to a success. With the help of ERP one can use the real time data and make decisions according to that data. One can also manage the data from anywhere and anytime one need not to be in office every time. All the data remains secure and can be accessed only by the people whom you want to.

When the data is stored in real time ERP the data of previous years can be accessed anytime without having to work hard for searching the registers. One can also spin around the business with the help of ERP and all the transactions can be recorded at real time. ERP helps to track  suppliers, materials and production. It also reduces time complexity which helps in better solutions. It provides 24*7 customer support for greater customer satisfaction and retention.

OSMTM

Industry 4.0 creates a cyber twin for your factory / organization. Which means that all the processes as they happen in the real world can be digitally viewed and monitored and also acted upon from any where in the world.

The main purpose of Industry 4.0 is to enhance Productivity.

OSMTM does the same. In effect, it immediately transforms your Industry to I4.0.

OSMTM (Operating System for Manufacturing) is a collection of the best Industrial and Business practices followed internationally. These processes have been defined in the software. As such any organization that implements OSMTM does not need to redefine and document the processes. The implementation becomes easy as it is software driven. The data created as a side product of following the process is available for analysis, reporting and sharing with other persons who may need this information to forward their own process .

OSMTM has the ability to get high class performance from mediocre employees and of course extra high class performance from your smart and knowledgeable employees .

The NPD (New Product Development) module for instance, can convert your normal engineers into Product Designers. They will use the APQP (Advance Product Quality Planning) system for Product Design, Process Design, Development, Verification , Validation and Continuous Improvements. They will be able to get the PPAP (Production Part Approval Process) documentation all ready, and all this without having a deep knowledge of these subjects.

The same data that has been created during the Product Development is used subsequently by the PLM (Product Life Management) team, the Manufacturing team as well as the Quality Assurance team .

Your HR team is able to follow, implement and monitor the world best HR practices. Normally organizations hire expensive external consultants to help them formulate HR policies, procedures and manuals.

Your accounts executives become masters of finance and GST by using the Finance module of OSMTM .

Your Maintenance team can very easily implement TPM (Total Productive Maintenance) in your organization by using the TPM module .

Managing Legal Compliance , Control on Inventory (ITR), Managing your Assets, Improving your Business by NBD (New Business Development) module and almost all other processes required by an Organization can be done by using OSMTM .

The Advanced Visualization Dashboard (AVD) of OSMTM allows you to see all your critical and mission important measurable in one place. It also allows you to zoom in from the Macro level to the Micro level.

ERP Modules

There are many modules in ERP which helps to control the managing of the business. Modules of ERP helps to manage all the resources off the business enterprise. The various ERP modules are:-

  1. Human Resource Module– The Human Resource department helps the HR team to efficiently manage the human resources. HR module helps to manage employee information, track employee records.
  2. Inventory Module– Inventory module helps to track the list of items. Items can be identified with their unique serial number. The unique serial number helps to track the order and where the order is processed in the organisation.
  3. Sales Module– Sales process includes processes like queries of sales and enquiry analysis & handling, drafting of quotations, accepting orders for sales, making sales invoices with proper taxation, dispatch/Shipment of material or service, tracking sales order.
  4. Purchase Module– Purchase module helps to take care of all the processes that are parts of procurement of items or raw materials that are required for the organization. Purchase module is integrated with Inventory module &  Engineering/production module for updating of stocks.
  5. Finance & Accounting module– The finance module helps to monitor the inflow and outflow of capital. This module keeps track of invoices, balance sheet, expenditures,  ledgers, budgets, bank statements ,payment receipts etc.
  6. Production module– Production module helps the manufacturing industry for delivering product. This module consist of functionalities like production planning, machine handling, raw material usage, Bill of material (BOM) preparation, tracking daily production progress and actual production reporting.

History of ERP

History of ERP can be studied from this article

The term ERP was coined in 1990. ERP is the way to your business success in the long run. ERP experienced growth in the 1990’s and since then it is widely used in any form of business. Since then it is widely used in the manufacturing industry and inventory management. Then it began to be used by the MRP systems and so on. ERP components are many but only a few are yielding results.

ERP modules are created with the lot of efforts and taking into concentration all the aspects of the business. ERP system creates a more lithe company that can adapt to different changes. ERP also complete the quality of one’s business. ERP software system assists in connecting to real time data.

ERP can help the upper management to support in decision making. It can improve the security of your data. Most of the ERP systems indulge in best practices. They can also be extended with third party software but it its not needed in GAP OSM as it is already an extended version of ERP and can also be extended further. Employee Movement can also be viewed through ERP. The software is designed to handle various configurations, and behaves predictably in any allowed configuration. ERP helps to maintain proper balance between various processes in the business organisation.

ERP software for small business

There are many ERP software’s which are available in India and only a few are yielding results. The ERP which are cheap may not give you as much satisfaction as you expect. The productivity is also enhanced with the use of software that increases the process of accounting and finance department. Enterprise Resource Planning is used for enhancing the processes of the company. All the data can be organised in an systematic manner with the help of ERP.

An efficient ERP system helps to enhance business and productivity with increased customer and sales management. ERP software helps to remove redundancy and improve productivity. ERP can be the savior of your business. All the queries can be resolved through ERP and it facilitates error-free transactions and production. ERP systems connects to the real-time data in different ways. ERP facilitates the power of managing the business. ERP system provides visibility and efficiency in every aspect of the business. A company needs Enterprise Resource Planning to meet the unique needs of the business and speed up the flow of information between departments.

If you ready to use ERP but are unable to decide where to start from and which is the best ERP we will help you to select the right ERP and helps to implement an ERP software. After implementation the ERP will be live soon, and customization can be done according to their needs. ERP helps to increase the time of action to business and makes impromptu decisions with the help of ERP.

The need of ERP is must and can be used as a stabilizer for a company or organization. Now the question arises that which kind of companies use ERP? The answer to this question is that mostly manufacturing industries use ERP who want to manage their daily operations. Those firms who want to balance their flow of materials with purchase demands and market conditions.

Enterprise Resource Planning (ERP) helps to resolve the problems faced in the industry and increase profits and reduce expenses. ERP helps to communicate the information with ease in the department and outside the department in an organization. It enables the company to make effective decisions which can benefit the company. ERP systems when implemented in the right way helps to take timely and reliable decisions.

The main benefit of ERP is that it provides reliable and integrated information of the company which helps to increase productivity and speed. In this reliable software your data is secure and protected from all the phishers, which improves your security and integration. The net profit and loss can also be analysed by using this software and help to increase profit. Enterprise Resource Planning helps the business flourish all over the world and helps to improve the profitability and desirability from the business. Like any open source software, the source code of an open source ERP can be altered and tailored to meet your organization’s business needs and there are generally wide range of integration formats. Changes can be achieved by using a company’s internal programming staff or by external ERP Developers. Even if you have to spend money on custom development for an open source ERP system, it would still be much more cost effective than hiring consultants for commercial ERP solutions.

Cloud ERP is an ERP software which stores data online and can be viewed from anywhere and anytime. Cloud ERP can become the proper planner of your business and will serve as the heartbeat of the business.

How Artificial Intelligence will help to improve the functionality of ERP. ERP which helps to secure data and duplicate data but there are some issues with this software but Artificial Intelligence can enhance its functionality. It will increase productivity and reduce the number of errors that happens due to software error. It also improves the workflows and processes.

The advantages of using ERP can be understood from the following:-

  • ERP is fast and smart– ERP solves all the problems faced by an industry easily and smartly. It has the solution to any query you have to run a business. ERP allows direct marketing of products and services without any intermediaries. The dividends are also increased by using ERP.
  • ERP is reliable– ERP is the software which is reliable and also helps to increase the services of company as the work flow in the departments becomes fast and easier.
  • ERP is flexible– ERP is customizable and can be customized according to the needs of the customers and communication between departments is made flexible.
  • ERP increases productivity– All the data can be accessed from one location and therefore it is easier for the employees to perform day-to-day tasks.
  • ERP improves decision making– ERP helps in decision making and the data available for decision making is accurate and beneficial.
  • ERP reduces operation costs– ERP helps in reducing production and inventory cost. With ERP all the department’s systems are integrated to one system of the company.
  • Manages day to day activity easily– ERP software helps to manages all the day to day activities easily and reduces the overhead costs like IT, power, data storage and bandwidth.
  • ERP is standardized- ERP uses a common standard to run the business which is universal anywhere in the world.  In the very beginning when you are going to implement ERP one must do complete research and analysis before selecting the best ERP.

Benefits of using Enterprise Resource Planning

The benefits of using Enterprise Resource Planning are:-

  1. Automation– The ERP helps to automate the work processes and helps to do each and every transaction with utmost ease.
  2. Reduces time complexity– With the use of an efficient Enterprise Resource Planning system the tasks performed in the work area are done in less time, which ensures better and faster productivity.
  3. Reduces paperwork– With the implementation of ERP, every work process in the organisation goes digital and which includes all the processes from planning to the delivery of the product. It also helps to save paper which ultimately saves the environment and helps to keep it green.
  4. Efficient data Management– Large database helps to manage effectively large amount of data which is secure and cannot be accessed by anyone.
  5. Better monitoring– ERP helps in crucial decision making in the business, the generation and maintenance of reports becomes easy and faster.

What are the advantages of using ERP?

The advantages of using ERP can be understood from the following:-

  • ERP is fast and smart– ERP solves all the problems faced by an industry easily and smartly. It has the solution to any query you have to run a business. ERP allows direct marketing of products and services without any intermediaries. The dividends are also increased by using ERP.
  • ERP is reliable– ERP is the software which is reliable and also helps to increase the services of company as the work flow in the departments becomes fast and easier.
  • ERP is flexible– ERP is customizable and can be customized according to the needs of the customers and communication between departments is made flexible.
  • ERP increases productivity– All the data can be accessed from one location and therefore it is easier for the employees to perform day-to-day tasks.
  • ERP improves decision making– ERP helps in decision making and the data available for decision making is accurate and beneficial.
  • ERP reduces operation costs– ERP helps in reducing production and inventory cost. With ERP all the department’s systems are integrated to one system of the company.
  • Manages day to day activity easily– ERP software helps to manages all the day to day activities easily and reduces the overhead costs like IT, power, data storage and bandwidth.
  • ERP is standardized- ERP uses a common standard to run the business which is universal anywhere in the world.  In the very beginning when you are going to implement ERP one must do complete research and analysis before selecting the best ERP.

ERP is the descriptor for Enterprise Resource Planning but from the word ERP it is not clear what it indicates and to get into detail what it means and how it can be implemented you need to understand this after a little research by searching the search engines, reading books and other sources. Another source which help you understand the benefits of ERP is ERP system examples. 

GAP OSM is a deeply thought out, intelligent and sophisticated software, it is also very Simple to use.However it demands disciplined implementation and understanding for optimal utilization.
Things that you always wanted to do as a good HRD Company, but didn’t know how to go about it or gave up upon them as too cumbersome and difficult to do.

GAP OSM makes them all possible and more importantly, makes them easy and simple to do. If the organisation is making profit it will have to manage the data of the company which can be done through a software and that managing software is known as ERP (Enterprise Resource Planning).

If you are planning to organize your business in a systematic manner then you must implement a system which is yielding results and taking minimal input. The output given by ERP should be maximum and the choice of ERP should depend on the size of the company. All the data is stored online so that the data can be accessed from anywhere and at anytime.

In the the era of modernization when every company is heading towards technology it will be a drawback for you and you will be lagging behind the growing competition so you must be implemented ERP.

OSM (Operating System for Manufacturing)

OSM is the operating system which enables you to run your business smoothly and efficiently in every aspect of the business. Operating system for Manufacturing increases the functionality and accessibility of the business processes. This operating system does not make your business complex but simplifies business in its own way.

The right to prosper in a business is the right of every person and OSMTM helps you in this it increases profits. Operating system for Manufacturing helps company’s in a unique way of doing business. Operating system for Manufacturing attracts people more. It synchronizes work with achievement. OSM consists of logistics as well as non-logistics part of the industry.

The industry needs a solution that helps it to manage all the processes involved in the industry and integrates all the processes into a single process. GAP is providing open source ERP software which helps to manage the business. Why do manufacturers from different parts of the country demand for ERP so that they can keep their processes integrated which have been diversified. OSM also helps in faster decision making by the management.

 

ERP in storage Management

Storage

STORGE is a MUDA. It is a wasteful and non-value adding activity. On the contrary, it is likely to diminish the value of the goods being stored due to deterioration.

However, it is a necessary evil and can be demanding on Resources like Space, Man Power and Money.

Storage per se includes 4 processes:

1. Receiving Material

2. Actually Storing it at a location

3. Retrieving it

4. Issuing it

The improvement plan for Storage would mean , using lesser resources for the storage process. Less space, less manpower and lesser money.

Standardization is the key to make these improvements

Standardize the pack size for receiving and issuing. This will reduce the time and manpower required at both these points.

Standardize the Location where the stocks are to be stored. This will reduce the time taken to Store and Retrieve the stocks. FIFO and control on Shelf Life items can also be implemented.

Storage of material is mainly done to cover 2 mistakes:

1. Either the stocks have been received before they were required or

2. The Quantity received has been more than the Quantity actually required.

Bigger the mistakes, bigger are the storage problems to be tackled.

The demand for more storage area and more man power is a direct result of these mistakes for which the Stores Department is not responsible. It is a result of mistakes of poor planning at Materials, Production, Purchase or Sales forecasting.

A problem which may seem to be with “Storage” might be only the tip of a huge iceberg which may have the potential to sink an industrial Titanic.

The Iceberg may actually be lack of systems to compute and control the purchases, production, quality and marketing forecasts.

The resultant may be .. High investment in Inventories, Low ITR, Accumulation of Dead Stock, Poor Accountability on Material Usage, Rejection and Pilferage.

ERP software helps in storage management and manages all the work in stores and inventory. ERP keeps a record of all the stock and tracks the stock till it reaches the customer. OSM helps in storage management as it manages all the operations performed in stores. The management of stock, control on inventory, can be done by the ERP software. ERP has the potential to manage all the processes going on in stores.

ERP suites

ERP is the management of resources of the business. ERP consists of various suites of the different departments. Enterprise Resource Planning suites have the capability to manage all the work of the department. Suites are generally related programs which are sold together in a single package. These suites integrates the working of various departments. For working in these suites requires education in its use and involves investment in resources.

IT is the fast growing and dynamic industry and we know it very well. IT industry keep on innovating itself. Now what is the need of ERP system in business?

Most companies use Enterprise Resource Planning to manage their organisation at the same place and time. ERP has been designed to organize all the processes at the same place. There is the need to automate various processes in the organization and to realize that the processes like accounting and finance can also be done through ERP. All the modules are priced differently and are made available to the customer as per their needs.The support that is provided by the ERP software is very reliable and unique.

What is ERP technology?

ERP technology is the technology which helps to stay up-to-date with the growing technology. Enterprise Resource Planning system enhances the manufacturer ability to accurately schedule production.

Enterprise Research Planning is implemented after a lot of research and analysis and with it the business can touch new heights. ERP software acts as a central nervous system of the business. ERP is integrated business management software which automates back-office operations. ERP software helps to manage multiple functions and  allows better visibility of the functioning of the department. It is designed to maximize the performance of the employees.

Cloud based ERP solutions enables you to access ERP from any device and from any location. All the below mentioned modules can be found in any ERP system:

  • Human Resource
  • Inventory
  • Sales & Marketing
  • Purchase
  • Finance & Accounting
  • Maintenance
  • Engineering/ Production

All these modules can be customized according to the need of the customers. ERP is made in common for all the companies although if you have any special need than the ERP can be customized.

 

ERP Acronym

ERP acronym

ERP is the acronym for Enterprise Resource Planning and can be used to collaborate various departments in the business and helps in faster decision making. An ERP system helps in:

  • Financial management – ERP helps you to improve the control over assets of the company, flow of cash and accounting.
  • Supply chain and operations management – Well organisation of purchase, manufacture, inventory, and sales-order processing.
  • Customer relationship management – Improving customer service, and increasing purchasing and promoting opportunities
  • Project management –  Handles projects and deliver them on time with good billing and monitoring.
  • Human resources management – Attract and retain good employees with tools that help you hire, manage, and manage payroll system.
  • Business intelligence – Make smart and quick decisions and helps to develop business intelligence tools

ERP also helps to move into the new market and improves visibility in all the operations and standardizes all the business processes. In the image shown you the view the year wise growth of GAP ERP.

ERP industry

ERP industry is the most important and growing industry which can help a business entity to prosper and survive in the growing competition. Each business has its unique way of making profit and doing business and ERP is a kind of software which has the capabilities of handling queries in its unique and important way. ERP stands for Enterprise Resource Planning and is used for managing the resources of the business and utilizes these resources in an efficient manner.

ERP is a large-scale software program which is used by modern businesses whether it is big or small. ERP aids in communication  between various departments and helps to gain profit and reduce the expenses. Most of the ERP systems are modular and allows the employees to access only the modules which they are authorized to. An ERP software tracks business resources, commitments and overheads.

If you dream of starting a business one day than ERP can help you a lot it can help your ideas convert into design. In designing ERP can help you to convert your plans into implementation and then in the next stage of production or manufacturing. In the next stage it also helps to create and manage your customers and retain them for long time. ERP software also helps to manage the orders of the company.

ERP solutions

Enterprise Resource Planning is the management of the business in an organised manner. ERP solutions is the solution to all the problems faced in the business. ERP makes the business very sensitive to the ROI. Companies adopt that ERP which can be accessible from mobile devices like tablet or smartphones. Exploring one of the best solution is the target of our growing ERP.

Choosing one of the best ERP wisely is the tiresome task and should be done with great research and thought process. ERP helps in protecting the  business from various problems and can help the business if it is growing in loss. GAP OSM is the ERP software which is specially designed for the manufacturing industry. All the manufacturing data can be stored in ERP and can be reviewed anytime and anywhere.

ERP results in better output and also helps in decision making of the business. ERP may cost you more than the less integrated solutions. You must try GAP ERP and you will not have to regret as it will definitely increase the efficiency of your business and give you results.

What does ERP do?

ERP solutions helps to offer a complete business solution to all the processes in an organisation. It automates all the back office operations which are related to technology. GAP ERP is specially build for the manufacturing industry whether it is small or large enterprise and dedicated team is working to customize and analyze the needs of the potential customers.

We are the only ERP solution providers which offers different suites of ERP that can be purchased individually. ERP aims to provide central repository for all the information that is shared by various modules of ERP that allows flow of information among the organisation. ERP modules meet all your needs and provides a competitive edge to survive in the growing department.

ERP helps to streamline processes thus allowing better communication among departments. Easier access to data and improved decision-making can help to enhance creativity. ERP helps you to adapt to changing needs and helps to be more flexible. If a business is planned properly then it can be ready to face any challenges and it can be done through ERP. If you are running a business you can’t get over ERP.

ERP for Manufacturing industry in India

A Manufacturing industry is an industry which manufacturers products and the software which helps to manage all the manufacturing processes is ERP. Manufacturing industry is the growing industry and can be treated as one of the contributor to the growing economy. If the processes of a manufacturing industry are automatized then time and money will be saved and  will help to earn profit and reduce the expenses. ERP for Manufacturing industry is used to manage the processes of all the departments.

ERP organizes the functions of the company and it combines all the information of the company into a single unit and to achieve this ERP system will utilize both the computer software and hardware. ERP uses a central database and information from all the modules in that central database. One should choose an ERP solution which helps to migrate from one deployment solution to another. Cloud-based ERP is well documented, has greater reliability and lower management costs. ERP allows easy configuration to specific business needs. GAP OSM is specially designed for the manufacturing industry to manage and organize the processes in the industry. All the data is secure and can be managed anytime and anywhere. It automates the work flow of departments and allows easy flow of data with accuracy and speed. All the data can be arranged in an organised manner and can easily resolve all the queries and helps to make your decisions wisely and correctly. GAP OSM is the software which is specially designed for manufacturing industry and can control all the activities going on in the manufacturing industry. The software streamlines and manages the processes of the industry.

ERP terminology

ERP terminology is used as an planner to organize the business in a structured manner. Enterprise Resource Planning is the system software that also helps in Marketing of one’s business. Marketing is the important part of a business as it helps to survive in the growing competition. Marketing is also used to create, keep and satisfy the potential and new customers.

For marketing a product or a business you first need to know the benefits as well as the demerits of the product and you must be able to convince the customers to buy the product and how your product is unique and different from others. Marketing also include the process of convincing the customer. Without marketing the business is difficult to flourish as marketing is an important aspect of the business.

ERP helps in marketing process by maintaining a record of the targeted customers, the customers to be targeted, and the record of items obsoleted and the items which are in demand. Open Source ERP helps to have a PQ analysis of the business which analysis whether the business is going in loss or making profit. ERP improves and streamlines the business processes.