What is Vendor-Managed Inventory (VMI)?

Vendor-managed inventory (VMI) is a process where the manufacturer generates orders for the distributor based on demand information sent by the distributor using Enterprise Resource Planning (ERP) system . During this process, the manufacturer is guided by mutually agreed objectives for inventory levels, fill rates and transaction costs.
VMI is a planning and management system that is not directly tied to inventory ownership. Under VMI instead of the distributor monitoring sales and inventory for the purpose of triggering replenishment orders, the vendor assumes responsibility for these activities.
In the past, many manufacturers operated vendor-stocking programmes where a representative visited a distributor a few times a month and restocked their suppliers up to an agreed level. VMI replaces these visits with information gathered from cash registers and transmitted directly to a manufacturer's computer system via ERP. Now, manufacturers can monitor sales of their products and decide when to initiate the replenishing procedure.
To understand VMI, let us look at to business models:
The Conventional Business Model: When a distributor needs a product, they place an order against a manufacturer. The distributor is in total control of the timing and size of the order being placed. Under this model, the distributor maintains their inventory plan.
Vendor Managed Inventory Model: The manufacturer receives electronic data that informs it about the distributor's sales and stock levels. The manufacturer can view every item that the distributor stocks as well as the true point of sale data. The manufacturer is responsible for creating and maintaining the inventory plan. Under VMI, the manufacturer generates the order, not the distributor.


for more information check this link : http://www.eresourceerp.com/Vendor-Managed-Inventory.html/Vendor-Managed-Inventory.html



http://www.eresourceerp.com

eresource: A scalable, flexible and affordable ERP solution for SMEs

FOR any organization, success depends on having the ability to keep pace with rapidly changing customer and industry demands and execute in a short amount of time, the ability to quickly seize new opportunities and the flexibility to achieve sustainable business growth.
Today small and mid-size enterprises (SMEs) are facing greater competition than ever across diverse industries. With the increasing power of large rivals in some segments and the pricing pressure and they have a critical need to optimize business processes, cut operational costs and improve customer acquisition and retention rates.
With the complexity and global reach of today's business environment, SMEs are also under increased pressure to monitor business processes and financial operations more closely. Stricter accounting and corporate governance requirements intensify this challenge thus, placing growing pressure on businesses of all sizes for greater transparency, timeliness and accuracy in reporting and managerial control.
Small and mid-size enterprises are recognizing integrated business management solutions as essential for growth, scalability and keeping up with competitors as the solutions become more affordable, easy-to-implement and adept at addressing industry-specific business processes.
While choosing their software solutions, SMEs must balance their long-term needs for innovative solutions to drive the next level of growth with their existing resources and short-term trends for quick return on investment, low-cost of ownership and minimum disruption to current operations. Many SEMs must also ensure integration into their corporate and partner/supplier ecosystems, often requiring the complete replacement of legacy systems.
eresource ERP with its expertise in providing vertical and micro-vertical solutions has nearly half of its software implemented in the SME sector. Monitored through a highly qualified implementation team, eresource ERP solution is affordable, easy-to-deploy and proven business solutions to better meet the needs of customers across diverse industries.
The integrated and cost-effective eresource ERP solution allows small and mid-size companies to maintain, a low total cost of ownership and the scalability and the flexibility to support current and future business needs. 

FOR MORE INFORMATION CHECK THIS LINK : http://www.eresourceerp.com/scalable-flexible-ERP-solution.html

 

Understanding data migration process

Understanding data migration process

Data migration is the process of moving required volume of data from existing systems to new systems. Existing systems can be anything from custom-built IT infrastructures to spreadsheets and standalone databases. Data migration encompasses all the necessary steps to cleanse, correct and move data into a new system. Technological changes, change in providers, software updates or data warehousing/data mining projects make such delicate and critical operations necessary. A good data migration should allow one to:

Reduce risk: Data being an organization's most critical business asset, it is essential that any manipulation be carried out without any disruption.

Lower operational expenses: Data migration is a one-off activity triggered by certain circumstances. The data migration tool or solution reinforces the organization's resources which can remain focused on its ongoing continuous core activities. Improve data quality: The cleansing and correction solutions ensure perfect data integrity after it has been migrated. From a user and development perspective, the migrated data results are completely optimized.

From a user perspective, the data migration solutions should make sure that a strategy is put in place to achieve maximum flexibility and quality.

for inquiry check this link : http://ow.ly/4nphYz

MUMBAI

TMA House, 1st Floor,Road No 16, Plot No. 6,Wagle Industrial Estate,Thane (West) 400 604, Maharashtra Tel: +91 22 41118000 / 8049 (50 lines),   +91 22 25828775

UAE

eresource Middle East FZE,P.O Box: 513071,

Sharjah, United Arab Emirates, Contact Person: Sudheer Soman Nair, CEO,Mob:00 97155 9018499 

email: sudheer.nair@eresourceinfotech.com

OMAN

eresource,P.O BOX No 1046, PC-130, CPO, Al-Azaiba, Muscat, Oman  Tel + 968 2 459 7226/7/8

Mob: + 968 90157499

www.eresourceerp.com

Web-based eresource ERP solution

What makes web-based ERP more ideal than server based solution?

Web-based eresource ERP solution simplifies back-office process automation for mid-sized and growing business enterprises. It provides real-time information about finance, order management, purchase, inventory, employee management, e-commerce and much more. With web-based eresoure ERP solution, you can accelerate business cycles, improve productivity and reliability, and provide higher levels of service to customers, suppliers and partners.

Web-based ERP solution improves business among customers, suppliers and partners through self-service portals, providing for lead management, shipment tracking, bill payment and more.

As a web-based hosted solution, eresource ERP, significantly reduces your overhead expenses. There is no software to install, no hardware to purchase and maintain, and no up-gradation requiring complex re-implementation over time. Our team of IT professionals manages your maintenance, support, and up-gradation at our world-class data center. As a result, you can focus on running your business, while our web-based ERP solution takes care of your business plans with the backend software.

For More Information Check this Link : http://ow.ly/4n64rj

MUMBAI

TMA House, 1st Floor,Road No 16, Plot No. 6,Wagle Industrial Estate,Thane (West) 400 604, Maharashtra Tel: +91 22 41118000 / 8049 (50 lines),   +91 22 25828775

UAE

eresource Middle East FZE,P.O Box: 513071, Sharjah, United Arab Emirates 

Contact Person: Sudheer Soman Nair, CEO, Mob: 00 97155 9018499 email: sudheer.nair@eresourceinfotech.com

OMAN

eresource,P.O BOX No 1046, PC-130, CPO, Al-Azaiba, Muscat, Oman

Tel + 968 2 459 7226/7/8  Mob: + 968 90157499 

Contact Mr. Sudheer Nair \ Mr. R. Ramesh email: sudheer.nair@eresourceinfotech.com

www.eresourceerp.com

Fit the ERP system into business process functionally and economically

Fit the ERP system into business process functionally and economically

What is critical for a company to figure out is how the implementation of a Web-based ERP System like the eresource will make its Business process more efficient and systematic. A company cannot allow the ERP vendor simply walk away with multi million-dollar ERP project after the implementation. That is because the situation is going to be very difficult for the company if they realize later that some part of the application does not support the companies business functions. In such cases there are only two options left before the company. Either change the Business process to accommodate the software, which will mean deep changes in long-established ways of doing business (that often provide competitive advantage) and shake up important peoples roles and responsibilities (something that few companies have the stomach for)  or they can modify the software to fit the process, which will slow down the project. 

It is also risky that it can introduce dangerous bugs into the system and make upgrading the software to the ERP Vendors next release excruciatingly difficult because the customizations will need to be torn apart and rewritten to fit with the new version.  

Needless to say, a shift from the traditional legacy system to a methodical eresource ERP System is a project of breathtaking scope, and the price tags on the front end are not going to bring any uneasiness to any CFOs. In addition to budgeting for software costs, financial executives writing cheques to cover consulting, process rework, integration testing and a long laundry list of other expenses can be avoided. The companies can also expect the benefits of eresource ERP System start to manifesting itself within a short period of time.

The training cost to users of eresource ERP in their new job processes is going to be at the lowest level. Also failure to consider data warehouse integration requirements and the cost of extra software to duplicate the old report formats can be avoided. A few oversights in the budgeting and planning stage can send ERP costs spiraling out of control. If that is taken care your ERP System is going to fit very well into your Business process , functionally and economically. 

The following key points are useful in preparing the ground for ERP System implementation.

  The importance of requirements

  Avoiding scope-creep

  The costs associated with scope-creep

  The need for speedy client sing-off on deliverables

  Change management procedures and their importance

  The impact of a change request on the project

  How to communicate and escalate grievances

  The vendors pricing methodology

  Collaboration and communication techniques for client staff and consultants

  The importance of client liaison / project manager (when the vendor has a problem, to whom     does it   escalate this to resolve immediately?)

  The degree to which a vendor can or cannot proceed without client inputs (e.g, system                  documentation, source code, the final documents)

Contact Us 

MUMBAI

TMA House, 1st Floor,Road No 16, Plot No. 6,Wagle Industrial Estate,Thane (West) 400 604, Maharashtra Tel: +91 22 41118000 / 8049 (50 lines),   +91 22 25828775

UAE

eresource Middle East FZE,P.O Box: 513071, Sharjah, United Arab Emirates.

Contact Person: Sudheer Soman Nair, CEO Mob: 00 97155 9018499

email: sudheer.nair@eresourceinfotech.com

OMAN

eresource,P.O BOX No 1046, PC-130, CPO,Al-Azaiba, Muscat, Oman

Tel + 968 2 459 7226/7/8  Mob: + 968 90157499 Contact Mr. Sudheer Nair/Mr. R. Ramesh

email: sudheer.nair@eresourceinfotech.com

www.eresourceerp.com