Frequently Asked Questions
What is an ERP system and why is it used?
An ERP system is a software application used by businesses to integrate their core business processes into a single, streamlined database and user interface. The main goal of an ERP system is to integrate formerly separate databases and processes into a single source of truth, instead of these databases and processes functioning in silos. This leads to reduced manual data handling, faster business cycles, IT cost savings, and business growth potential without hiring new personnel or investing additional capital
What are some ERP implementation approaches?
Popular approaches include enterprise-wide full installation, unit by unit, and key-process installation. The system you choose must match the needs of your organization. For example, smaller businesses can attempt an enterprise-wide installation, while this type of approach is impossible for most larger companies. Before implementation begins, the software selection process should have led your organization to choose ERP software that aligns well with your vital business processes. Nonetheless, during ERP implementation, minor adjustments must be made to ensure that processes fit as well as possible with the incoming software solution. Every approach to ERP software implementation must include an assessment of the current IT infrastructure. Avoiding downtime can be achieved through redundancy, including making sure there is access to stable internet communications with the bandwidth needed to install the new system while the previous software is still in operation
What are some common challenges faced during ERP implementation?
Some common challenges include resistance from employees who are used to working with legacy systems, lack of employee training on the new system, poor data quality in legacy systems, lack of executive support for the project, and inadequate budget allocation for the project1
What are some benefits of using an ERP system?
Some benefits include improved data accuracy and consistency across departments, reduced manual data handling, faster business cycles, IT cost savings, and business growth potential without hiring new personnel or investing additional capital1
What are some key features of an ERP system?
Key features include modules for each of the core business areas: business intelligence, strong MIS, financials, inventory management, sales and customer relationship management (CRM), along with other business-critical functionalities such as supply chain management (SCM), manufacturing resource planning (MRP), project management (PM), and more
What are some factors to consider when choosing an ERP solution development company?
Some factors include experience in developing custom ERP solutions for businesses similar to yours, expertise in developing solutions using modern technologies such as cloud computing and artificial intelligence (AI), ability to provide end-to-end services from design to deployment and maintenance, ability to provide post-deployment support services such as training and troubleshooting, and cost-effectiveness of their services
What is retail & wholesale management software?
Retail management software is a type of software that helps retailers manage their business operations. It includes features such as point of sale (POS), inventory management, customer relationship management (CRM), accounting, and more. Wholesale management software is a type of software that helps wholesalers manage their business operations. It includes features such as inventory management, supply chain management, customer orders, warehouse management, data analytics, and more. Some important features to look for in wholesale software include inventory management, supply chain management, customer orders, warehouse management, data analytics, and key software integrations.
What is NVOCC software?
Retail management software is a type of software that helps retailers manage their business operations. It includes features such as point of sale (POS), inventory management, customer relationship management (CRM), accounting, and more. Wholesale management software is a type of software that helps wholesalers manage their business operations. It includes features such as inventory management, supply chain management, customer orders, warehouse management, data analytics, and more. Some important features to look for in wholesale software include inventory management, supply chain management, customer orders, warehouse management, data analytics, and key software integrations.
What are some important features to look for in NVOCC software?
Some important features to look for in NVOCC software include tariff and rating management, schedule and slot management, job order management, export/import documentation, equipment control, vendor contracts management, other operations, accounts payables/receivables, and key software integrations
