Advantages of Manufacturing ERP To Small Businesses

5 REASONS YOU NEED TO GET AN ERP AS SOON AS YESTERDAY. - Robisearch ltd

Advantages of Manufacturing ERP To Small Businesses – Manufacturing ERP systems continue to be a key technology priority for most manufacturing firms today. Why? Because the landscape across the entire manufacturing industry has become increasingly competitive, and firms of all types must design, build, and deliver the highest quality products in the timeliest manner at the lowest possible costs in order to win and retain customers.

Yet, keeping on top of the various activities and processes involved in product production, sales, and distribution can be a tremendous challenge.

With a top manufacturing software solution in place, companies can leverage advanced features and functionality to improve all facets of their operations – from engineering, sourcing and procurement, through production, quality testing, and delivery. As a result, they can boost efficiency, reduce costs, and increase sales and profitability.

Some of the greatest benefits that can be achieved through the use of today’s manufacturing ERP systems include:

Improved visibility

With manufacturing ERP systems, all departments across an entire business can access and view the same consistent and accurate data in real time. So, everyone from the engineering teams to the production floor to the purchasing and finance departments has complete visibility into designs and plans, production status, quality control, inventory, cost of goods sold, and more. This enables better, smoother coordination and execution of all related processes and procedures.

Increased efficiency

Manufacturing ERP software allows firms to track all supply chain activities in great detail from start to finish – a task that would be nearly impossible otherwise. So, procedures and processes that hinder productivity and slow down the design, creation, and delivery of goods can be instantly identified, and corrective action can be swiftly taken to ensure optimum efficiency.

On time delivery

Improved control over components inventory, more accurate demand planning, streamlined production scheduling, and more effective coordination of distribution channels – all key benefits of manufacturing ERP software systems – enable companies to improve on-time delivery of products, a critical performance metric for today’s manufacturers.

Enhanced product quality

Manufacturing ERP software systems make it easier for businesses to monitor product defects and problems, pinpoint exactly where in the design or production process the issue is occurring, and take the needed steps to ensure products of the utmost quality. This, in turn, will boost sales, customer satisfaction, and profits.

Reduced costs

Manufacturing ERP systems reduce costs in many ways. Increased worker productivity minimizes overtime and related labour and payroll expenses. Enhanced precision in production floor processes reduces the scrap and re-work that can drain financial resources. Better tracking of components and turnover of finished goods, combined with more accurate demand planning, eliminate costly excess inventory. And, improved visibility into all financial aspects of production can help identify potential areas for savings and reduce cost of goods sold.

Improved collaboration

Many manufacturing ERP systems enable companies to share important production-related data with not only internal employees, but with external constituents such as vendors, suppliers, and distributors. This improves communication and enables better coordination of activities among these key business partners.

Better production control

A manufacturing ERP improves the production schedule. Production scheduling focuses on fulfilling customer orders on time. An ERP comes with a master production schedule (MPS) representing the products the company plans to produce in specific configurations, quantities, and dates. It helps in the sales forecast and sale orders. The system comes with bill of material data, inventory data, and the master product schedule to calculate the required amounts of materials and thereby create purchase orders and shop orders help in maintaining a transparent workflow within the manufacturing department.

Conclusion

A good manufacturing ERP software connects all of these processes from start to finish. It unites all the different departments involved, helping them work together in a more optimal manner. Thus, it increases efficiency, streamlines their work, and reduces error. Contact Robisearch Limited today on 0716413386 or 0780655987 to request for a demo and more insight on our system.

 

 

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Benefits of ERP to The Manufacturing Industry

What Are the Benefits of ERP in the Manufacturing Industry
Manufacturing is considered to be the backbone of the economy in business and an ERP acts as a prime tool for gathering all transaction information from every corner of the business and translating it into financial data and other insights.
Due to stiff competition and a rise in demand of customers, every industry faces several challenges in meeting their goals. With the help of ERP software, they can achieve the complete, latest, end to end service of business application. An ERP system comes in an integrated platform encompassing every function within a manufacturing or other departments, streamlining every business operations of all departments of an organization. Below are some of the benefits of an ERP system to the manufacturing industry.
Easy forecasting and reporting

Many manufactures have faced the horror of an unexpected demand for a particular item. An ERP system helps avoid these situations by generating forecast and sales reports based on past inventory transactions. This avoids the clutter of excess inventory and the horror of an out-of-stock situation.

Plus, end-users can run their own reports without relying on the IT team to predict future demand and material requirements. User-friendly modules are easy to read and eliminate the risk of error.

Enhanced decision making

Any choice short of reliable data is a guess – not a decision. An ERP system will collect and sort every piece of essential data into a single location for real-time, up-to-date information. Increased insight, visibility, and control will give your manufacturing business the confidence you need to make trusted decisions.

Improved productivity

With the ability to manage schedules, streamline financial operations, oversee sales processes, produce real-time data, reduce data errors, ensure prompt communication between employees, and make data easily accessible to all, your manufacturing business is guaranteed to save time and money.

Reduced costs

A modern ERP system will reduce overall operational costs as manual, time-consuming processes are replaced with automated, streamlined processes and real-time information. Ultimately, you will see a reduction excess inventory and warehousing costs with the ability to accurately track inventory.

Quicker response to market conditions

Real-time data provided by the ERP system helps key decision makers estimate, plan, adjust and respond to the never-ending market changes. System generated reports are presented on a regular cadence to assist with the understanding of market demands and capitalize on consumer purchasing trends. These detailed insights will reduce forecasting errors and capitalize on new opportunities for your growing manufacturing business.

Automate and streamline business processes

An ERP system will streamline all of your daily business processes by maintaining real-time data in one centralized location with complete visibility in all functionalities. End-users will have the ability to monitor production stats without the assistance of an additional team member.

The ERP system will automate business processes for a reduced dependence on manual processes. This automation will accelerate your production process, minimizes the probability of errors, and improves profitability.

Improved customer relationships

Today’s consumers expect immediate feedback on their purchases and on-time deliveries. An ERP system will provide your manufacturing business with accurate production plans, inventory control, streamlined scheduling, and coordination with distribution channels for on-time delivery. Add in faster delivery, better quality control, a stronger grip on inventory, and your customers are sure to increase their loyalty.

Integration with supply chain

Integrated ERP systems offer strong supply chain management resources to optimize the inflow and outflow of material, and distribution requirements for centralized purchasing locations and multi-warehouse distribution channels.

Increased data security

With the increasing pressure to secure and protect data, software developers are constantly searching for security issues. Data exposure can produce catastrophic financial repercussions and cause damage to your reputation. While new software improvements are constantly being made in modern ERP systems, outdated legacy systems are not being actively checked for security breaches.

Robisearch Limited is an open source ERP system which is suitable for any organization. We offer excellent ERP system for your manufacturing industry that supports a wide variety of manufacturing process such as material control, delivery, production, planning and so on. To know more or avail our services kindly reach us on 0716413386 or 0780655987.

 

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How The Education Sector Can Benefit From ERP Systems

SIGNIFICANCE OF SCHOOL MANAGEMENT SOFTWARE | by zeroerp | Medium

An education ERP system automates and streamlines all the processes functioning within the boundaries of the institution to significantly improve the effectiveness of allocating and operating academic resources better. Managing a school or a university is a complex task that requires a large workforce. The right ERP solution can simplify and improve the process. Here are some ways in which you might benefit from an ERP system in your school.

Centralization and management of information

An ERP solution can bring much greater efficiencies to your information management. ERP software makes it possible to share stored data across all departments easily. Information can also be updated in real time by teachers, students, or office staff, and can be accessed from anywhere. Additionally, information is managed more securely with enterprise software since it allows you to provide controlled access to stored information. ERP can also help you centralize the management of data for resources like your institute’s library.

Improved resource management

ERP software allows you to track inventory and resource usage and therefore keep a real time overview on your finances. Generating reports gets easier, and transparency improves. Modern educational ERP solutions can optimize the operations of a school or university and do so with fewer human resources, thus saving time and money – a benefit that can be passed along to students. This creates an environment, which allows students and teachers to focus on learning.

Simplified admission process

A good ERP solution simplifies the admission process by displaying all essential information in a single place, making it easy for the admin to access, and hasten the process.

Automated fee payments

A reliable ERP for education sector frees the administrative office from this monotonous task, rendering fee collection smooth and quick. It automatically separates fees collected into different categories and tracks each element in the fee structure, like the amount paid for the library, lab, admission, tuition, hostel, and so on. This helps students to stay informed about their fee payment status as well. Automated alerts are also sent by the system to parents to make sure that they are notified in time regarding upcoming or pending fee payments through the official communication channel.

Real time data records

With an ERP system, access can be granted to any number of people in a department as deemed necessary. As the employees of various departments have real-time access to relevant information, they can stay informed about all the improvements or changes that are happening in the institutions. Real-time data records help staff to deliver services efficiently and on time, eventually enhancing the image of the institution.

Prompt decision making

An ERP system is capable of handling vast amounts of data and generating reports in bulk, to aid in the various administrative tasks like admissions, fee payments, student enrolment, payroll, employee records, student accommodations, and similar. Being able to access all of this information in seconds means it helps the institution to take critical decisions quicker, and in an informed manner. This leads to increased productivity, improved performance, and better student services as well.

Cost effective

Saving in costs is one of the biggest benefits of implementing ERP in any sector, and holds true for the education industry as well. It automates and streamlines processes, diminishing the need for manual intervention in administrative activities from admission to exam results. This helps to free up staff from mundane activities and focus on student welfare, improving course planning or other productive activities. The significant cost savings achieved by implementing ERP in an educational institution can be diverted into providing superior quality education for the students.

Reduced paper work

ERP software digitizes administrative activities, reducing paperwork to a bare minimum. By connecting all the departments on a single platform, department heads and employees can easily share information, conduct meetings, and make informed decisions, leading to a significant cost saving in paperwork.

Data Security

The ERP system can store, retrieve, and manage mountains of data in just seconds or minutes, without compromising on security. It also maintains a backup so that in case of the system crashes, critical information is not lost.

At Robisearch Limited, we have several years of providing full-suite ERP software to a wide range of industries to businesses, non-profit organizations and learning institutions. Our solution is flexible and can be customized to include modules that serve the unique needs of your industry.

We would be happy to show you how exactly this works, explain everything in detail, and answer all your queries. Schedule a demo with us right away, and we can get started. Reach us on 0716413386 or 0780655987.

 

 

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Importance Point of Sale System to Retailers

 

 

Importance Point of Sale System to Retailers – Point of Sale Software helps offer valuable insights into the inventory levels, customer data, sales records, and more. This information makes it easier for retailers to build their future marketing and management strategies based on current insights.

Here are some of the reasons Point of sale system is the way to go for retailers:

  • Order and Billing

The most common feature of the point of sale software is to simplify billing and transactions. The system you choose must feature the billing and order processing module that can scan the purchased goods and accept payment through different payment methods.

  • Track Your Sales Performance

Recording your sales performance can be a challenging and time-consuming task for retailers. You are going to need an accountant to record daily and weekly sales transactions in a systematic manner. You will need this data to generate accurate reports concerning the overall sales performance of your business.

  • Inventory Management

Another important yet tedious administrative task is inventory management. The POS software enables store owners to gather real-time inventory updates anytime and anywhere. Using this automated software, you can track the inventory as it goes in and out of the warehouse.

  • Customer Management

You don’t need to install a special software application for managing customer relationships. The POS software comes packed with the customer relationship management module that helps you track their previous purchases and expenditure. By providing your customers with personalized service, you can boost your relationship with your audience and help build their trust in your brand.

  • Employee Management

Usually, companies implement a separate module for managing employees’ performance. They opt for HR management system or employee attendance tracking software to automate all the employee management tasks. However, POS software can also be used for tracking the employee’s performance and their overall productivity.

  •  Purchase Orders

Another important module of the point of sale software is the purchase program. For medium and large-scale organizations, preparing the purchase order and forwarding it to the supplier can turn out to be a hectic job. As a business owner, you are supposed to list the products you need to add to the inventory.

  • Reporting and Analytics

Point of sale software generates accurate sales reports that allow business owners and managers to track their sales performance. From profits to business expenses, everything can be recorded and monitored from one place. It helps you gather real-time data in the most convenient way. If you choose to install the cloud-based point of sale software application, you can collect the sales, employees’ performance, and other such reports at any time and anywhere.

      8. Greater Accuracy

A point of sale system with an easy-to-use, touchscreen interface puts all the information your sales associates and cashiers need at their fingertips.  It eliminates manually keying in items and prices like you would with a cash register. Point of sale technology improves accuracy throughout your entire operation, with real-time data. Eliminating the need to upload or enter data into back-office systems — minimizing the risk of human error.

       9. Faster Service

Your customers do not want to wait in long queues. In fact, if checkout lines are too long, customers will get frustrated and put back the items they intended to purchase and walk out. A POS solution provides a faster checkout process than cash registers, especially if they’re using a barcode scanner to ring up the products.  POS technology allows you to make the most of the checkout experience to engage customers and make sure they leave with a good impression of your brand.

       10. Simplified Accounting

A point of sale system helps streamline the accounting process. Old-fashioned cash registers force accountants to sort through hundreds of receipts, but with a POS system, you can print reports and, in many cases, import data directly with your accounting software.

          In conclusion, a POS system can boost the performance of your business. As we have seen, these systems come with different features which allow you to perform various activities as explained above. You should be aware of the features you would require for successful management of your business. If you have not yet purchased a POS system for your business, you are indeed missing a lot. Look for it today to boost the performance of your business. At Robisearch Limited, we specialize in point of sale solutions for all business types.  Contact us today  on 0716413386 or 0780655987 to find the best option for your business.

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WHY BUSINESSES SHOULD INVEST IN BUDGET MANAGEMENT SOFTWARE

 

The right budget management software can help you monitor growth, plan your assets wisely, establish your net worth, limit expenses, secure backups of accurate accounting data for future reference and run your business better. Below are some of the reasons why businesses should invest in a good budget management software.

1. Improved Transparency

Budget management software will help you deter and fight fraud involving inflated expenses. It can do this in many ways. First, the software makes it hard for employees to alter digital receipts.

Secondly, employees will be unable to claim losing digital receipts. Also, it will be easy to recognize suspicious expense entries and trends. The software has easy-to-read reports that make identification possible.

2. Better Planning for Growth

As mentioned ,a budget management software is a great way for businesses to automate their budgets and keep track of their expenses. Any capital that you save can be used in reserve for any business opportunities or new ventures that might contribute to your company’s growth.

3. Improved Management of  Cash flow

Any cash that is flowing in or out of a business within a specific period of time is called its cash flow. Businesses, especially larger ones, often use budgeting software tools to manage their cash wisely or to determine whether they have enough funds to continue operations.  For example, a real estate firm might use budgeting software to determine if it can start promoting more deals before being paid for the deals that are in progress.

4. Better Performance Evaluation

Since a budget is often used to see how a company performs every year, it can be a pretty handy tool. As a business owner, you can use it to estimate expenses and compare it total expenditures or what you have already spent on. If there are anomalies in your forecast, you can always compare these factors to review your finances for any errors.

5. Improved Financial Control

One of the best reasons why businesses need to budget is to have more control over their operations is to control where they spend their finances. Continuous budgeting and finance reviews keep a company’s funds in check and ensures that it doesn’t go over budget.

6. Improved Planning of Operations

A budget management software is like a planning tool – it helps you determine how much you can spend on different operations without draining your funds. Companies often compare current and previous budgets to see whether results are improving based on financial activities regarding liabilities, equity, costs, assets and revenue over time. A budgeting tool can make it easier for accountants or staff to categorize these factors and automate the whole budgeting process. And since the process is fully automated, it saves time in creating master budgets with planned inputs such as sales revenues and outputs or their expenses. In other words, this budget can be used to estimate what a company receives from its sales revenue and how much it will have to pay for it.

7.  Established Net Worth

A good budget management software comes with functions that can calculate a business’s net worth. A business’s net worth is the amount or value of every asset you own without the debt. In other words, it is the total assets that remain after your account for all liabilities.

8. Limited Expenditures

For businesses, budgeting is necessary to ensure that they do not spend more than they have to on resources or unessential items. But manual accounting methods are open to human error. Also, since manual budgeting reports are not always in front of you, you can end up spending more than your original cap. Budgeting software can draw up records of previous transactions with a few clicks which can help you limit your spending.

In conclusion, Robisearch Limited is one of the most comprehensive enterprise software providers, with tools for a wide-range of operations. These include budgeting, financial reporting, biometrics and so much more. For businesses  looking for a complete solution for their financial processes, Robisearch Limited is the perfect choice. Reach us on 0716413386 0r 0780655987

 

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FEATURES OF A GOOD ENTERPRISE RESOURCE PLANNING SYSTEM

Enterprise Resource Planning (ERP) is one the latest technologies that many organizations have undertaken. ERP system is an enterprise-wide package that integrates all necessary business functions into a single system with a shared database. These software packages can be customized up to a certain limit to the specific needs of each organization. A good and efficient ERP system should have the following features:

1. Comprehensive

An ERP system should be advanced as it should be comprehensive. It means, all most all the functions of business should be done through the ERP System. If we can only run a small number of activities through the system, then, the  ERP system is not ok. It should cover all the functions of business.

2. Multi-Facilities

A good ERP System should be multi-faceted. It means, it can work in multi-currencies, multi-mode manufacturing and multi-platform.

3. Strategic planning

Strategic Planning is the main and top function of business. It should be done through the ERP. The system should integrate all its sub-part systems for making better strategic planning.

4. Optimize the data

A good ERP system optimizes the data for effective utilization of limited business resources. It also optimizes the data for reducing cost and risk.

5. Project Management 

A good and efficient ERP System helps collaborate the team in real time for working together on a project. Everything about the project process can be tracked through this.

6. Automatic Functions 

We can measure the quality of ERP from its advance automatic functions. With these automatic functions, organization saves his lots of time. This automatic function may be in electronic fund transfer, electronic data interchange and eCommerce.

7. Flexible

These days, way of doing business is changing fast due to changing in law and amendments in the standards. So, management of business process which is done through ERP should be flexible. If ERP system will be flexible, we can change processing system as per our requirement.

 8. Modular and Open

One of the great characteristics of any good ERP system that it has open module architecture. It means, if there is error in any module, we can correct it by opening it instead affecting all other modules.

Robisearch ERP provides an integrated and continuously updated view of core business processes using common databases maintained by a database management system. Our ERP systems track business resources—cash, raw materials, production capacity—and the status of business commitments: orders, purchase orders, and payroll. The applications that make up the system share data across various departments (manufacturing, purchasing, sales, accounting, etc.) that provide the data. Our ERP facilitates information flow between all business functions and manages connections to outside stakeholders. For inquiries and more information, reach us on 0716413386 or 0780655987.

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