Why ERP for Retail industry?

Retail Industry is one of the fastest growing industries right now in the world. As the industry grows the problems in managing the task related to the industry will also get more. Retail is one of the sectors which is made up of series of sub-sectors, managing them effectively is one of the main and important aspect of a retail industry.  Best ERP software’s allows you to supervise the resources of your business with ease and simplicity.

Here are some of the other advantages of choosing an ERP for retail industry:

·         You can get Real Time Information: for any organisation to be successful, the information plays an important role. If you expand your organisation then it will be even more difficult for synchronising the data across all the units. If the information required is delayed then there will be over all delay in all the activity of the retail business and hence there will be loss in efficiency.

·         You can get easy customer management: when it comes to any business customers are king. Managing customers in retail business is a key thing; gaining customers loyalty in this business is very much difficult similarly losing customers is very much easy. With the help of ERP software information related to customers will be stored. The customer history gives you an insight into customer habits and allows you to create promotions and deals that cater to their needs.

·         You can get easy Employee management: main purpose of using ERP software in retail business is to manage details of all the employees. This industry operates via various retail outlets and spread over various geographical locations. So keeping track of these two aspects will be made very easy with retail ERP software.

·         E-commerce Integration: nowadays many ERP software’s are integrating E-commerce part in them. With the help of this, ERP tool will get access to real-time data about transactions. This data can then be used for inventory management, demand forecasting etc.    

·         Sales Analytics: a sale is the main aspect that all the retail industry will look for. The various factors associated with sales like pricing, discounts, sales offers etc. can be improved with ERP.

There are many ERP software providers in India, but if you want best ERP software at very affordable price then you must choose one of the best ERP software development company Itech Solutions located in Bangalore. Our retail ERP software will perform following functionalities which are:

•  Product Information
• Sales Management
• Purchase
• CRM
• Service Order
• Ware House Management
• Accounting

Along with Retail industry we also provide ERP software’s for industry verticals like manufacturing industry, real estate industry, education industry and health units etc. For more information please visit our website.

Best Cloud Based ERP System: ERPLite

ItechSolutions is On-Demand best ERP solution provider in Bangalore. We are specialized and recognized globally in making quality ERP applications that help business peoples through various Departments to effectively manage their working in most flexible way.

The cloud has turned out to be so imbued in numerous companies that it's hard to find out an organisation that doesn't have no less than one cloud framework being used. This framework is speedily attaining its prominence inside companies. There are such a lot of advantages of using cloud based ERP that every organization is moving into it. A number of the advantages consist of:

•         Reduced total cost of ownership
•          Better alignment of IT investment
•          Global access
•          Faster time to value
•          A dynamic business solution
•          Mobility
•          Solutions for organisations of all sizes

Our cloud based ERP solution is specifically designed to reduce the client's daily workload and make their life easier. Since our ERP is cloud based you can manage and monitor your business from any part of the world and can access it at just one click. You can easily get clear 360 degree view on your business.

ERP Software helps your company to reduce the manual & paper work required. ERP Systems helps various industries to modernize and unite various aspects of process flow which includes inventory management, finance and accounting management, human resource management, payroll management and various other aspects of the business flow.

To a few enterprise professionals, the promise of cloud computing is that it'll offer an possibility for commercial enterprise to completely remodel how it uses and can pay for information technology. Cloud ERP isn't always much exclusive than the conventional ERP software. The handiest difference between the two is that Cloud exceptional ERP uses cloud computing platform to make a business system transformation extra flexible and less difficult. Our on-demand ERP leverages centre capability that has been in use and verified at masses of customer sites over the last 10 years. IERP’s ERP in the cloud combines the wealthy function set of iERP’s organization aid making plans with the enterprise and technical advantages of cloud deployment.

We provide best ERP systems for following industry verticals like:

·         Manufacturing Industry

·         Education Industry

·         Healthcare Industry

·         Real Estate Industry

·         Retail Industry

For more information please visit our website: http://www.erpsolution.tech/

What Are The Advantages & Disadvantages of using ERP System for your Company.

In a society where the environment is constantly changing and in a globalized world where companies are competing hard to get Advantages and Disadvantages of ERP System over their competitors, technology plays a key role. The companies see a need to be constantly changing and perceive customer needs to achieve satisfying. The technology can significantly increase creativity, efficiency and business productivity allows businesses to compete in the digital economy of a global world with the ability to make decisions quickly and flexibly.

Systems Enterprise Resource Planning (ERP) information systems that integrate applications to manage all departments and functions of as production, sales, purchasing, logistics, accounting, project management, and inventory control warehouses, orders, payroll, etc. Just getting ERP Software from Best ERP Service Providers In India is not enough, before that you need to understand the Advantages and the downsides of using ERP Softwares as well.

An ERP system is characterized by:

Integral because you can control the different processes of the company understood that all departments of a company are interrelated.

Adaptable to the idiosyncrasies of the company on the grounds that any company is like another

Modular: The ERP understand that a company is a group of departments that are interrelated by the information they share and generated from their processes.

Main Advantages and Disadvantages of ERP System

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     The advantages presented by the ERP are:

• ·         Optimization of business processes.
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• ·         Accurate and timely access to reliable information.
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• ·         The ability to share information between all components of the organization.
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• ·         Elimination of unnecessary operations and data.
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• ·         Reduction of time and costs of litigation
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• ·         Then, as each module of the ERP system enters the same real-time database, another advantage is that no duplicate records or playback operations, ie, redundancy is avoided.
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• ·         The performance of all work units that make up their business because better use time is increased. If you previously had to make reports and take them from one place to another, now the time is spent on other activities.
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• ·         To improve performance and save time, optimize the control and analysis of management decisions there in the long term, reduced costs for the company.
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• ·         Another obvious advantage is in terms of customer service, because the response time is reduced attention to them.
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• ·         When a company has an ERP system is more competitive in the environment in which it operates.

Disadvantages of ERP are:

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•       The installation of the ERP system is costly. ERP consultants are very expensive take approximately 60% of the budget.
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• ·         The success depends on the skills and experience of the workforce, including education and how to make the system work properly.
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• ·         Resistance in sharing internal information between departments can reduce the efficiency of the software.
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• ·         The systems can be difficult to use.
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• ·         Change of staff, companies can employ administrators who are not trained to manage the ERP system of the employing company, proposing changes in business practices that are not synchronized with the system.
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• ·         Having an ERP system has many advantages, but does not guarantee the total success of the company. Organizational culture, know how to involve staff and anticipate changes that will suffer the organization using this system of administration, are important elements for the completion of the implementation.
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• ·         The effectiveness of the ERP system may decrease if there is resistance to share information between business units or departments. Due to strong changes that implementation of the ERP system brings in the culture of work, there may be poorly trained or disinterested in making use of the same staff…
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• ·         The benefits of having an ERP system are not presented immediately with the implementation of the software; they will be evident long after the system is running.
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• ·         The culmination of the implementation depends on the ability and skill of the workforce, also involves education and training, to make the system is correctly applied.
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• ·         In conclusion, it is essential to analyze whether the ERP system implemented in your company is right for your needs and that does not violate the interests of their organization.
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Also, keep in mind that a bad strategy implementation can lead to failure of the same.

If I have missed any Advantages and Disadvantages of ERP System, please let me know in comments section below.

Itech ERP Solutions Is The Best ERP System Software Companies in Bangalore. Check Out What We Offer in the link given.