How to estimate cost of ERP implementation

How to estimate ERP implementation cost Implementing an ERP is a major project for the industry and it is necessary to do proper research before going for an ERP. Before deciding to go for an ERP one should figure out how much its gonna cost to your organization. Cost of ERP implementation is not constant. It is different for different organizations; even similar type of organization can have different ERP implementation cost. It depends on what the organization needs, type of the organization, size and even location of the organization. The factors that should be taken into consideration whi...
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How companies are becoming data driven

Taking decisions based on intuition is a thing of the past; companies now make decisions based on data. Making data based decisions is backed by many institutes and senior executives , for instance Mckinsey Global Institute indicates that that data driven organizations are 23 times more likely to acquire customers, six times as likely to retain those customers, and 19 times as likely to be profitable as a result. Organizations tend to think that they do not have enough data but the truth is most organization have more than enough data to make well informed decisions, the problem comes organ...
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Database & Data warehousing

Database Database is a way to collect the information about a business in an organized manner so that it is available when needed to the person who needs it. Database is a collection of schemes, tables, queries, reports, views, and other elements. Data in the database can be changed i.e. updated and new data when acquired can be put into the database. Database typically organize the data to model aspects of reality in a way that supports processes requiring information, such as availability of particular laptop that the customer wants or availability of rooms in hotels in a way that supports...
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Evolution of ERP

Steps in the Evolution of ERP ERP is one of the major part of an industry and using it correctly will help in making the industry more efficient and optimize their supply chain, however ERP didn't came to be suddenly, evolution of ERP occurred in a timely manner and it evolved as time passed and finally came into the form we know. It started in the form of a inventory control system in 1960. Looking at how beneficial a computer based database is for industries and in response to Toyota manufacturing program Joseph Orlicky developed material requirements planning (MRP) in 1964. The first co...
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Optimize inventory through IT(Dell’s inventory obstruction study)

How inventory optimization can be done with IT/ Role of Technology in Inventory Management Inventory has always been a cause for concern for most of the business. Whether you should always be prepared with stocks in your inventory but face the risk of stock deterioration or you just have enough stocks in your inventory to fulfill your orders(also called just-in time delivery) but face the risk of total debacle in case of some unforeseen disaster like natural disasters , terrorist attack or labor strike. So which one should you go for? There is no exact answer to this question you can eithe...
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How Technology impacted Supply Chain

Supply chain management is a crucial term that emerged in business in 21st century. The term was there way before the 21st century, the reason why it gained popularity recently is the advancement of technology that took place in the past 15-20 years. The term supply chain management is mostly attributed to large corporation however every business has a supply chain. Every business has suppliers, purchasing, production, distribution, and finally customers hence every business needs an reliable and robust supply chain that helps them in avoiding bottlenecks. This can be done by utilizing IT in s...
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How data analytics have changed professional cricket : Criclytics

Data analytics and Sports Data analytics is being used by businesses to analyze data and for other purposes but the effect of data analytics can be seen in other platforms as well such as sports.Data analytics and sports are going hand-in-hand for some time now. Sports such as cricket and baseball use data analytics extensively. Data Analysis when applied to a player can record a player's information and suggest improvements, give a breakdown of the information in different formats, provide graphs and other useful analytic interfaces that will help compare the information and more. The analyt...
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Cloud ERP vs On-Premise ERP

Cloud ERP vs On Premise ERP Selecting an ERP is a major decision for a business as choosing a wrong ERP can harm your business while if you choose the right one your business can flourish. One of the most critical factors in your decision while choosing an ERP nowadays is weather to go with a Cloud ERP or an on-premise ERP. On-premise ERP is in the market for ages while Cloud ERP is gaining more and more popularity with each passing day especially among small and mid-size businesses. So how can you compare Cloud ERP vs On Premise ERP and which ERP is for your business? Factors to compa...
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Why is it difficult to implement ERP in Small and Medium Enterprises?

ERP implementation issues ERP helps in making a business better by ensuring that right information can be acquired by right person in right time easily but there can be various ERP implementation issues for the organization which can cause loss of time and effort for both the vendors and for the organization. To make the implementation process easier organization has to make sure that the ERP they are going for is right for their business. There are several factors that are needed to be taken into consideration before choosing an ERP. These factors are:- Factors to be considered before going...
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Transform your business through IT

In this digital era only hard work is not enough to be successful you have to do smart work as well. The most efficient way to increase your business efficiency is to get IT in your business and utilize IT to its full capability. There are various steps you need to take to transform your business in IT. Steps to transform your business and maximize business efficiency through IT 1. Add value to your operations Many businesses have lots of redundant tasks that can be easily automated with the help of IT. Use IT to save people’s time in doing these tasks. Utilize people time that is saved th...
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