2020 will quite obviously be catalogued as the year of Covid-19. In addition to the downward deflections of most of the parameters by which business and individuals operated – as the data from Q2 is coming in, we find that there was a lot which was moved sideways into new territory as well. There has been an unfortunate equanimity in the adverse impacts on all nations in terms of recession, inflation, unemployment, cascading crises in the healthcare sector and primarily, in the manufacturing and unavailability of essential goods and services. Though this has eased relatively since the chokehol ..read more

On the contrary, a custom ERP is developed keeping in mind the needs of an individual customer. Such applications are not meant for use by the masses since they include user-specific functionalities. In order to customize an ERP, you will have to hire specialists. Doing so might have its own advantages and disadvantages. Since you have come looking for what pitfalls to avoid, we must study the pros and cons of a custom ERP system.   Advantages: Open-Source-Software fails to offer features that are required to meet the needs of your business. This is why most owners give preference to custom o ..read more

Robotic technology becomes boon for businesses all over the globe. It increases the efficiency of the workforce present in different sectors. Cyborg technology is the demand for today. It becomes necessary for entrepreneurs to hold a robotic arm. Here in this blog, you are going to know those 6 sign which shows that you need to invest in robotics.   1. TO INCREASE PRODUCTION: Productivity is the key to business growth. By a study, it is found that one unit of increase in robotics density ( which the study defines as the number of robots per million hours worked) is associated with a 0.04% incr ..read more

The term business process is heard frequently across distinctive industrial platforms. However, rarely does anyone understand its significance. Every organization has several processes that work together in order to achieve a unified business goal.  If we dig deeper, processes can be defined as a chain of activities that are performed to achieve a pre-defined goal. Most processes in business are recurring. For instance, you may follow a similar process to claim reimbursements or to raise a manpower requisition over and over.    A few characteristics of the best business process are that it inv ..read more

What is Enterprise Resource Planning (ERP)? A business can consist of several core processes which are essential to run it successfully. These processes may include HR, Manufacturing, Finance, Administration, Sales, Marketing and many more.  ERPs can be understood as software which integrates all of these core business functions on one platform. With the advancements in technology and consumer demand, the latest ERPs are easily customizable. These applications can also focus on business functions individually. The role of ERPs is to offer end – to – end visibility, efficiency, and intelligence ..read more

Cost reduction is a process of eliminating the waste and improving business operations by reducing overhead or cost of product/services sold. The main motive behind cost reduction is simplifying the process of product manufacturing without compromising the quality and suitability of the product with the help of new and improved methods. By employing scientific and the latest cost reduction techniques, you can minimize risks, maximize profits, and eliminate waste from the manufacturing plant.   Cost reduction comes from high plant productivity. It is a corrective technique, which is used by mos ..read more

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