Business Continuity Plan and Risk Assessment

In all the day-to-day hustle of buying and selling, business continuity (also known as disaster recovery) is something to easily forget about. Business continuity deals with resuming your company’s operation after some disaster occurs which temporarily suspends it. A prudent company will make sure they have a detailed business continuity plan and that it is accessible by all employees. After a disaster is not the time to figure out how to resume your business operations. Not having a business continuity plan can mean permanently halting your company. Here are some key considerations you need in order to make a plan to sustain your business in the event of a disaster.

You should do a risk assessment first.
A risk assessment is a process of identifying all of the potential threats that could disrupt your business operations. Why do businesses go through the trouble of a risk assessment ? Why don’t they just prepare for any threat? Risks have to be prioritized so that focus can be placed on making disaster recovery strategies for those that are most likely to happen. For example, if your business is in the arid southwestern United States, you don’t need to identify hurricane as a risk therefore you don’t need to spend time on planning for recovery from one.
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Benefits of Enterprise Resource Planning In Manufacturing

business unitsMany companies find difficulties in synchronizing the data related to the company and getting out a reliable and efficient data out of it. Every organization hopes to achieve this. The flow of information across various business units should be smooth and reliable.

For example, the sales unit should be aware of how many products are there in the inventory and the inventory department should be aware of how much products are in the middle of manufacturing and the manufacturing unit should be aware of the raw materials available for further manufacturing. If these data are properly communicated, then the productivity of the company can be increased to a huge level. … Read more

Significant Business Improvement with ERP Software Implementation

business technology advancementRecent years have seen a lot of development in the global economy. Particularly, small and medium sized companies had significant development. Some of the industries which had significant amount of growth are telecommunication, software, manufacturing and pharmaceutical industry. This growth has spanned many new companies and the competition has increased to a considerable amount.

Every company is looking to increase its market value. For, this they are re-looking into the factors which affect the company’s productivity and management. Every company is looking to use their resources effectively so that their business is done more effectively and efficiently. Most of the companies decides to use software which could manage their whole enterprise and the information should be available with the enterprise. … Read more

Managing Business Resources with Software Tools – Enterprise Application Suite

Manufacturing resource planningEnterprise resource planning is the term used to define managing the resources within a business using software tools. There are lots of enterprise resources planning software available from different vendors. The term enterprise resource planning was derived from another similar process called as ‘Manufacturing resource planning’.

Material resource planning is also a software based management of inventory and product productivity managing. It was also used for managing the process of manufacturing. Enterprise resource planning got evolved from material resource planning when the software architectures got ‘routing’ as one of its major part. … 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

Essential Features of Comprehensive Enterprise Resource Planning System ( ERP )

enterprise resource planning architectureEnterprise resource planning is a software solution offered for better management of the resources within the company. This software helps in integrating the company’s functions and operations. Enterprise resource planning also provides timely and precise information about the shape of the company.

With the help of enterprise resource planning the company can streamline their work flow, can provide enhanced support to their customers, real time availability of data on sales, inventory and raw material availability, reducing a considerable amount of paper works and finally it assists in the global operations. … Read more