Enterprise Resource Planning in Small Medium Enterprise

business resources managementEnterprise resource planning is now gaining lots of importance among the business economy. It is now being seen as an important tool for managing resources of a company both internally and externally. It is being used both for many business applications and also for many manufacturing industries.

Previously, enterprise resource planning was used only of large business companies. It required lots of money to be invested. Small scale and medium sized companies were not ready to invest a large amount for buying software and employing staffs for managing ERP software.

Keeping this in mind, ERP vendors started diversifying their enterprise resource planning software by releasing many versions of the software which could assist small companies too. … Read more

Metrics and Key Performance Indicators in Business Performance Management

Key performance indicatorsOne of the key elements of any performance management program is the ability to create milestones and key indicators. Otherwise how else would you know when you have achieved the objectives ?

The science of business performance management heavily relies on the ability to create a series of critical tests to assess whether the program is successful or not. These do not necessarily have to be on a strategic level. They can also be set on an individual or local basis.

The first stage is to set up a business data analysis program with the specific goals of trying to change the performance levels of the organization from the less desirable to the more desirable characteristics. … Read more

Implementation of Enterprise Resource Planning

Enterprise Resource Planning SoftwareEnterprise Resource Planning or shortly called as ERP, requires many software and hardware components for storing and managing information related to a company. With the increase in the scope of ERP software, there are lots of vendors who provide this service. ERP software offers complex services and the people who are assigned to work on ERP are well-trained in using this ERP.

ERP has a variety of applications and processes which are available throughout their all business units. Implementing an ERP system is too complex and it can be done only by experts who have in-house skill in this software. This is also the most cost efficient way. There are many consultants and technical advisers available who can assist and implement the software provided requirements are clearly stated. … Read more