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ERP integration can help SMEs expand business reach
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Bikky Khosla | 14 Dec, 2010
While Indian SMEs usually overlook the benefits of ERP citing ERP software being beyond their budgets as the reason, it is beyond doubt that ERP implementation can improve a company's performance manifold. My feeling is that despite the fact that penetration of IT in SMEs is much below its potential, they are now slowly waking up to the importance of adoption of IT tools in their operations and are realising the necessity of setting up intra- and inter-office networks.
Considering the current market realities, SMEs today need to understand that with ERP software they can not only systematically arrange and assimilate all systems of entering data and processes, but also understand and adapt to retailers' business requirements and thus respond faster and frequently to product orders from retailers.
Adapting to changes in the multilateral trading system, and for the management to know what is happening in the organization is of utmost importance and ERP implementation can help businesses achieve cost control and low working capital as also integrate latest technologies to remain competitive for survival.
I strongly feel that by proper ERP integration, businesses can expect far-reaching results like reduced working capital requirements and improved customer service. They can also reduce purchase costs considerably and bring in more clarity and accountability throughout the organization.
Having said that, several SMEs and even big businesses were unable to reap the benefits of ERP implementation. When I tried to comprehend the reasons for the failure of these companies, I found that lack of visible top management support or commitment and poor ERP package selection were the key reasons for their failure.
But all said and done, it goes without saying that implementation of ERP in businesses will not only act as a complete business software solution, but will also help companies to expand their reach of business quickly.
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ERP for SMEs
MANOJ SAHAI, Head Strategic Sales SMB | Wed Dec 29 10:18:36 2010
To Bikky Khosla,
I have gone thru your article with interest. I would like to meet with you to discuss on subject, You can reach me on 9971390015 or m.sahai@tcs.com.
A Thank You
Ankur Kapoor | Wed Dec 22 07:09:56 2010
Dear Mr Khosla, i have found your messages very knowledgeable and inspiring and i make it a point not miss any of your newsletters. Thanks for your regular updates.
ERP integration can help SMEs expand business reach
S.Mohan | Wed Dec 15 06:47:56 2010
Mr.Khosla has very aptly summarised in the end by say that it is not a question of whether to implement ERP but rather how soon to reap the full benefits of ERP to an organization. The cost of ERP is not a cost but an investment and sooner the SMEs realize this the better.
IGI Customs
Inderjit Singh | Wed Dec 15 06:38:35 2010
Dear Bikky,
It's always a pleasure reading your articles on the current topics. I think you should write about the problem of custom clearances of export shipments at IGI airport due to negligence of custom officials in implementing new software. Many exporters are suffering due to this & may lose a fortune due to delayed deliveries in X-mas season.
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